Earle, George H Jr

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George Howard Earle, Jr.

George H. Earle, Jr. (1856-1928)—Harvard University graduate (1879), Philadelphia lawyer, member of the Committee of One Hundred,<ref>Read about the history of the Committee of One Hundred on Google Books.</ref> and "financial diplomat" who was highly sought after to save ailing corporations from financial ruin.<ref>"The Guarantee Trust and Safe Deposit Company got sick and sent for him. So did the Finance Company of Philadelphia. So did the Tradesmen's Bank. So did the Market Street National...and to-day they are all flourishing... He was consulting physician when the Reading Railroad was sick. Then he figured in two sensational cases that gave him a national reputation. One was the smash of the Chestnut Street National Bank and the Chestnut Street Trust Company... The other sensational case was the Real Estate Trust Company..." (from "The Wizardry of George H. Earle, Jr." Current Literature, November 1911)</ref> The Panic of 1907 prompted him to speak out against a central bank. He at one time owned much of the land in Aspen Hill, Maryland.<ref>See Earle Tract I (Bradford's Rest).</ref><ref>See Earle Tract II (Hermitage).</ref><ref>Deed and title research was done at Maryland State Archives/Maryland Land Records. An account there is required but free; direct link citation is not possible. All deed and title references to specific tracts or lands will include Liber and Folio references to research at Maryland Land Records.</ref>

Notability

A scion of a wealthy Philadelphia family, he ran unsuccessfully for mayor of Philadelphia in 1911, and his son—George H. Earle III—was governor of the Commonwealth of Pennsylvania 1935-1939.

After the infamous Panic of 1907 (Wikipedia), he was the author of a piece published by the American Academy of Political and Social Sciences, in their journal "Lessons of the Financial Crisis", entitled "the Central Bank as a Menace to Liberty" ("the Central Bank as a Menace to Liberty", Earle, George H. Jr., Lessons of the Financial Crisis, Annals of the American Academy of Political and Social Science, Vol XXXI, No 2, March, 1908 download).

A dam near Newark, PA, is called the "George H. Earle, Jr. Dam".

Influence on Aspen Hill, Maryland

Shortly before the Panic of 1907, Mr Earle began to purchase large tracts of land in southern and western Aspen Hill.

Works

  • The Liberty to Trade as Buttressed by National Law 84pp. (1909)
  • Does Price Fixing Destroy Liberty? A consideration of certain economic and common law principles applying to governmental interferences with the liberty of trade. 183pp. (1920)

Articles

  • Testimony of George H. Earle, Jr. (7 Feb 1891) (Wikisource) Seventh meeting of the Joint Legislative Committee to investigate the cause of the failures of state and private banks.<ref> From Proceedings of Joint Committee of the Legislature of Pennsylvania, Appointed to Investigate the Cause of the Recent Failures of All Incorporated State and Private Banks. Harrisburg: Edwin K. Meyers, State Printer. 1891; pp. 84-86.</ref>
  • A Central Bank as a Menace to Liberty (Wikisource) (1908)
  • "Testimony of Mr. George H. Earle, Jr."<ref>Read Mr. Earle's testimony on Google Books.</ref> Hearings Held Before the Special Committee on the Investigation of the American Sugar Refining Co. and Others. Vol. 2, p. 1217-1272. House of Representatives: Washington Government Printing Office (1911)
  • Half a Slap and Half a Boost (Wikisource) (1912)

Works about George H. Earle, Jr.

  • "The Reading Investigation; Mr George H. Earle, Jr., Tells of Mr M'Leod's Operations", February 16, 1894, New York Times.<ref>*More New York Times archived articles about George H. Earle, Jr. can be found here (spanning years 1892 through 1920)</ref>
  • "GEORGE H. EARLE, Jr., Receiver of the Chestnut Street National Bank, Plff. in Err., v. COMMONWEALTH OF PENNSYLVANIA, at the Suggestion and to the Use of the COMMONWEALTH TITLE, INSURANCE, & TRUST COMPANY, Trustee for Mary Rodgers under the Will of Benjamin Milnes, Deceased.", May 14, 1900, United States Supreme Court.
  • "George H. Earle, Jr., Doctor to Ailing Corporations." by John Kimberly Mumford. (Munsey's Magazine, February 1910)
  • Wizardry of George H. Earle, Jr. (Wikisource) (Current Literature, November 1911)
  • "Shows Monopoly to Have Been a Menace for Centuries: George H. Earle, Jr., Noted Philadelphia Business Man, Tells Senate Committee on Interstate Commerce Sherman Law Should be Strengthened—Cites History to Prove Continual Fight Against, and Evils of, Monopoly—How to Amend the Law."<ref>Read this article on Google Books.</ref> (Telephony, 3 February 1912)

Appointments and Assignments

  • Lawyer, Earle & White, Phila.
  • Equitable Trust and Co., Phila. (Director)
  • Pennsylvania Warehousing and Safe Deposit Co., Phila. (Pres & Dir)
  • Guarantee Trust and Safe Deposit Co., Phila. (VP & Dir; resigned his post as VP upon election to the Finance Company of Pennsylvania)
  • Finance Company of Pennsylvania, Phila. (President)
  • Reading Railroad (Commercial agent)
  • Philadelphia and Reading Railroad (on reorganization planning committee in 1895)
  • Chestnut Street National Bank, Phila. (Appointed Receiver in Jan 1898)
  • Chestnut Street Trust and Savings Fund Co., Phila. (Assignee, along w/ Richard Y. Cook in Jan 1898)
  • Record Publishing Co. (Managing Director; took up loans in March 1898)
  • Tradesmen's National Bank, Phila. (President; retired as Pres. in 1910)
  • Market Street National Bank, Phila. (President; retired as Pres. in 1910)
  • Philadelphia Company (Director)
  • Quebec Central Railway Co. (Director)
  • United Railways Investment Company of San Francisco (appointed Director April 1906)
  • Real Estate Trust Company of Philadelphia (Pres & Dir) (reorganized company in 1906)
  • Rapid Transit Company (Director)
  • Finance Committee of Choctaw Railroad Co. (Chairman)
  • Chestnut Street and Safe Deposit Co. (Assignee)
  • Board of Brokers (Member)
  • Real Estate Trust Co. (1908) (Appointed Receiver and made President)
  • Pennsylvania Sugar Refining Company (Receiver)

Notable ancestors and descendants

  • George H. Earle, Sr. (Father)

External links

  • Biography of Mr. Earle on Wikpedia.
  • New York Times archive search results for George H. Earle, Jr. (spanning years 1892 through 1920)
  • The Fall of Bossism: A History of the Committee of One Hundred, and the Reform Movement in Philadelphia and Pennsylvania. (1883) George H. Earle, Jr. and his father, George H. Earle, Sr. were both members of the Committee of One Hundred—"a non-partisan effort in aid of good government."<ref>The Progressive Men of the Commonwealth of Pennsylvania. Vol II. Logansport, Ind. A. W. Bowen & Co. 1900: p. 847.</ref>
  • Photos taken at the Church of the Redeemer Churchyard in Bryn Mawr, Pennsylvania, where George H. Earle, Jr. and members of his family are buried.
  • "William Merritt Chase: Portraits in Oil", Pisano, Ronald G; Chase, William Merritt; Baker, D Frederick, downloaded 2009 December 5

References

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