The National cyclopædia of American biography : being the history of the United States as illustrated in the lives of the founders, builders, and defenders of the republic, and of the men and women who are doing the work and moulding the thought of the present time, edited by distinguished biographers, selected from each state, revised and approved by the most eminent historians, scholars, and statesmen of the day . as a boy went to Auburn, N. Y., where he wasemployed in the bank of his uncle, James 1843 he came to New York city, and took a posi-tion in the wholesale dry-goods house
The National cyclopædia of American biography : being the history of the United States as illustrated in the lives of the founders, builders, and defenders of the republic, and of the men and women who are doing the work and moulding the thought of the present time, edited by distinguished biographers, selected from each state, revised and approved by the most eminent historians, scholars, and statesmen of the day . as a boy went to Auburn, N. Y., where he wasemployed in the bank of his uncle, James 1843 he came to New York city, and took a posi-tion in the wholesale dry-goods house of his cousin,George Bird. In 1850 he became a partner, and onthe death of Mr. Bird, in 1857, he continued thebusiness until 1861, when his house, with many oth-ers, failed in the panic at the opening of the 1866 he formed a partnership with WellingtonClapp, with Horace F. Clark as special partner, forthe business of stockbroking. The firm was verysuccessful, and was largely employed by Com. Van-derbilt, then the great power in Wall street. On theretirement of Mr. Clapp in 1869, Mr. Grinnell con-tinued the business until 1873, when he retired, leav-ing the business in the hands of his successors. Inthe panic of 1873 the firm was in great straits, whenMr. Grinnell came to its rescue, and enabled it tocontinue business, paying all its creditors in full. In1873 Mr. Grinnell paid all the old and outlawed. OF AMERICAN BIOGKAPHY. 205 debts of the house of G. B. Grinnell & Co., resultingfrom Its failure in 1861, when it had compromisedfor thirty-three and one-third cents on the payment was voluntary, and made from high sense of commercial honor. Theamount was large, and included interest at seven percent, from 1861-73. He assumed not only the pay-ment of his share of the losses, but those of thewhole firm. Mr. Grinnell married Helen AlvordLansing, daughter of Dirck Cornelius and Laura(Alexander) Lansing. (Dr. Lansings grandfather waspatroon of Lansing
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