Frederic B Jennings – Fideicomisario de Provident Loan

Frederic B Jennings – Fideicomisario de Provident Loan

Frederic Beach Jennings was born on August 6, 1853 in Old Bennington, Vermont, into the family of Reverend Isaac Jennings and Sophia Day. He graduated from Williams College with high honors in 1872,  and at Harvard Law School in 1874.

That same year, Jennings joined the law firm of William M. Evarts, a friend of the family, where he successfully pursued advocacy for several years. Finally, he opened his own firm, Jennings & Russell, in Mahanttan. As lawyers at JP Morgan’s headquarters, they gained fame throughout the country and specialized in the  reorganization of the railways. In 1880, Jennings married Laura Hall Park, daughter of  a prominent lawyer and granddaughter of Vermont Governor Hiland Hall. It was a very wealthy and powerful family.

While engaged in law, Jennings  also had other business interests  . He served as vice president of American Trading Company, general counsel for Erie Railroad, vice president of Bennington & Rutland Railroad Company, trustee of the New York Trust Company, and vice president of First National Bank of North Bennington, Vermont.

He was a prominent philanthropist who held positions in the central council of the Charity Organization Society (COS) of New York during the presidency of Robert W. De Forest. In 1892, Jennings was one of the first to make contributions to constitute the committee that became Provident Loan Society.

Jennings cumplió funciones en el comité ejecutivo de Provident entre 1894 y 1920, y como fideicomisario durante la década 1910-1920. Su hijo, Percy H. Jennings, siguió los pasos de su padre e integró el comité ejecutivo de Provident desde 1930 a 1948, y fue fideicomisario entre 1921 y 1950.

La esposa de Jennings, Laura, era muy cercana a su hermana Eliza, cuyo esposo, John G. McCullough, fue un rico ejecutivo de los ferrocarriles y, más tarde, alcanzó la gobernación de Vermont. Las hermanas eran tan unidas que sus esposos le encargaron al arquitecto J. Lawrence Aspinwall que construyera dos mansiones vecinas en la esquina de la Calle 39 y Park Avenue, de modo que las familias viviesen juntas: los Jennings en la parte sur el edificio y los McCullough en el ala norte. Construida en estilo renacentista francés, se dice que este palacio competía con el esplendor de la mansión Astor en la Quinta Avenida. 

Fue en esta casa donde Jennings murió el 26 de mayo de 1920, tras una corta enfermedad. A la muerte de su esposo, Laura Jennings se instaló en su otra propiedad, una granja en Bennington, Vermont. En 1931 donó la granja y la propiedad que la rodeaba al Bennington College, una universidad donde se cursaban carreras de humanidades exclusiva para mujeres. Bennington instauró el sistema mixto en1969.

Las dos mansiones de Manhattan fueron adquiridas por el Princeton Club en 1921, y se unieron por el interior. Finalmente, el edificio se demolió en 1963 para darle paso a la torre de oficinas de 41 pisos conocida como 90 Park Avenue.

 

Acerca del autor

Tom Klem is a historian and internal archivist of Provident, responsible for cataloging and preserving in electronic format his historical documents, press articles and pieces of correspondence dating back to the nineteenth century. Dedicated to magic since he was 13, Tom was an archivist of the American Society of Magicians and is its current president.

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