Everything about James Boorman Colgate totally explained
James Boorman Colgate (1818-1904) was an
American financier. He was born in
New York City and received his first training in the house of
Boorman, Johnston, and Company. He later established the banking house of
Trevor and Colgate, afterward known as
J. B. Colgate and Company. His extensive loans to the federal government during the
financial crisis of 1873 contributed materially to the reestablishment of confidence both in the United States and the markets of
Europe. He was one of the founders of the
New York Gold Exchange and was for several years its president. As trustee of
Colgate (formerly Madison) University, he for 30 years made almost annual donations to that institution, the development of which is due chiefly to his constant care and valuable advice.
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