Business: Father & Son

In 1799 a shrewd financier who wore a mulberry waistcoat bought on issue some shares in the Bank of The Manhattan Company, then being organized. Almost a hundred years later, in 1893, the mustachioed directors made his grandson, Stephen Baker, president of the Bank of The Manhattan Company. In the same year a son, John Stewart Baker, was born to Stephen Baker. Last week, the directors of the Bank of The Manhattan Company met again. This time they elected John Stewart Baker president to succeed his father. For Stephen Baker they created...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!