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Joshua Green (businessman)

From Wikipedia, the free encyclopedia
American banker and businessman (1869–1975)
For other individuals by this name, seeJoshua Green.

Joshua Green
Joshua Green as a young man
Born(1869-10-16)October 16, 1869
DiedJanuary 24, 1975(1975-01-24) (aged 105)
Seattle, Washington, U.S.
Occupationssternwheeler captain, businessman, banker

Joshua Green (October 16, 1869 – January 24, 1975[2]) was an Americansternwheeler captain, businessman, and banker. He rose from being a seaman to being the dominant figure of thePuget Sound Mosquito Fleet, then sold out his interests and became a banker.[2][3][4] Living to the age of 105 and active in business almost to the end of his life, he became an invaluable source of information about the history ofSeattle and thePuget Sound region.[2][3][4] According toNard Jones, Green was one of the city of Seattle's last fluent speakers ofChinook Jargon, thepidgin trade language of thePacific Northwest.[5]

Early life

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Born inMississippi, Joshua Green relocated with his family to the Puget Sound region ofWashington in 1886 when he was 17 years old. The family formed a connection with Seattle mayorBailey Gatzert, who helped Green begin his career.

Career

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Green worked as a chainman,surveying for theSeattle, Lake Shore and Eastern Railway, then on the sternwheeler Henry Bailey, a Puget Sound Mosquito Fleet vessel that also went up theSkagit River.[4] In late 1889, using a $5,000 loan from Seattle bankerJacob Furth, an associate of Gatzert's, Green and three fellow officers of theHenry Bailey purchased their own sternwheeler,[3][4] theFanny Lake[4] (orFannie Lake[3]).Bill Speidel describes it as "…a funny little thing… She looked like ascow with a big box, topped by a smaller box, topped by a deluxe model outhouse."[6]

George E. Starr. According to Green, "this was a faithful little boat".

Green's innovative business practices[7] soon allowed him to become a fleet owner, president of what was named theLa Conner Trading and Transportation Company,[4] owning some rather more elegant vessels, such as thesidewheelerGeorge E. Starr.[8] He established Seattle's dominance of the Mosquito Fleet, relative toOlympia orTacoma,[9] which Speidel considers to be a key factor in Seattle's emerging and continued dominance of the Puget Sound region.[3] He continued to be a master and captain, serving on several of his own company's sternwheelers.[4]

The company survived several ship fires, as well as the Depression that followed thePanic of 1893, then prospered greatly in theKlondike Gold Rush, transporting miners and their gear toAlaska. Green continued to invest his profits. In 1903 he merged his firm withCharles E. Peabody's Alaska Steamship/Puget Sound Navigation Company, which soon brought the Mosquito Fleet to a new level. Ships were retrofitted to be able to carry automobiles, notably for theSeattle-Bremerton route.[4] From 1913, the company was known as thePuget Sound Navigation Company.[2][10]

In 1925, Green purchased the distressed Peoples Savings Bank forUS$200,000, and in 1927,[2][4] believing that the rise of the automobile limited the future of Puget Sound area water transport,[2][10] he resigned from the Puget Sound Navigation Company to dedicate himself fully to banking.[4] Puget Sound Navigation would continue to dominate Puget Sound transportation until it was bought out in 1951 by the state of Washington, as the centerpiece ofWashington State Ferries.[2][4]

He changed the name of the bank to Peoples Bank and Trust Co,[2][4] later People's National Bank of Washington.[11] Withbranch banking not allowed at the time, he began or acquired several other banks as wholly owned subsidiaries. In 1949, when he passed the presidency of the bank to his son Joshua Jr., deposits stood at $128 million. By 1969, when Joshua Green turned 100, deposits had reached $400 million. In 1988, the bank was purchased byU.S. Bancorp and renamed U.S. Bank of Washington.[2][4]

TheStimson-Green Mansion, Green's home from 1915 until his death.

Personal life and death

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On April 24, 1901, Joshua Green married Laura Moore Turner,[12] from Winona, Mississippi.[13] They had three children, Bentonia, Francis, and Joshua, Jr.[12]

Joshua Green died at age 105 in Seattle in 1975.[2][4] His wife died at age 101, predeceasing him by three weeks.[14][15]

Legacy and honors

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In 1968 Seattle named Green its "man of the century."[11]Joshua Green River andJoshua Green Peak, both inAlaska, are named after him.[11]

In 1966 theJoshua Green Fountain, by renowned sculptorGeorge Tsutakawa, was installed at the entry to Washington State Ferries' facility on the Seattle waterfront.

Green's residence (beginning in 1914, has become the Stimson-Green Mansion. It islisted on theNational Register of Historic Places[11] and hascity landmark status.[16] Green made few alterations to the 1901 house, and lived there until his death, making it one of the fewFirst Hill mansions to survive largely intact to the present time.[11] The house is now owned by the Washington Trust for Historic Preservation and is also used to host events.[17]

Joshua Green Building

The Joshua Green Building, 1425 Fourth Avenue, Seattle, has city landmark status.[18] Still owned and managed by the Joshua Green Corporation,[19][20] the 1914 building[21] underwent major renovations in 2008–2009.[19]

The Joshua Green Foundation is focused on major capital campaigns of501 (c)(3) non-profit organizations headquartered and operating in the Seattle/King County area, primarily private secondary and higher education, social services and the arts.[22]

His family continues his business interests as the Joshua Green Corporation / Green Family Enterprises, operating numerous retail properties in the region and inSpokane, Washington,[23] as well as investing in "banking and insurance," and "diversified portfolios of managed equities." Reflecting Green's interests as a sportsman,[11] they also own several manufacturers offly fishing equipment.[24]

Notes

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  1. ^"Joshua Green, Seattle's Citizen Of Century, Dies Saturday Night".Clarion-Ledger. Jackson, MS: Mississippi Pub. Co. January 27, 1975. p. 3.ISSN 0744-9526.OCLC 137343271 – via Newspapers.com.
  2. ^abcdefghijThe Green Family in SeattleArchived 2009-04-18 at theWayback Machine, Joshua Green Corporation. Accessed 2009-10-16. Much of article is verbatim identical to James R. Warren's article on HistoryLink, which it credits.
  3. ^abcdeSpeidel, Bill (1989).Through the Eye of the Needle. USA: Nettle Creek.ISBN 0-914890-04-2., pp. 34–39, 55, 60, 62.
  4. ^abcdefghijklmnJames R. Warren,Green, Joshua (1869-1975), HistoryLink, September 27, 1999. Accessed 2009-10-16.
  5. ^Jones, Nard (1972).Seattle. Garden City, New York: Doubleday. p. 97.ISBN 0-385-01875-4..
  6. ^Speidel (1989), p. 35.
  7. ^Speidel (1989), p. 36–37.
  8. ^Newell, Gordon R., ed. (1966).H.W. McCurdy Marine History of the Pacific Northwest. Seattle: Superior Publishing. pp. 14, 67, n.2, 87, 99, 184 n.4.ISBN 0-87564-220-9.
  9. ^Speidel (1989), p. 37.
  10. ^ab"MetropoLIST 150: The 150 Most Influential People in Seattle/King County History".Seattle Times. RetrievedDecember 25, 2007.
  11. ^abcdef"Stimson-Green House".nps.gov.National Park Service. Archived fromthe original on July 12, 2007. RetrievedOctober 16, 2009.
  12. ^abA.N. Marquis & Company.Who's Who in Commerce and Industry (14th ed.). A. N. Marquis. p. 510.OCLC 1265335851.
  13. ^"Mrs. Laura Moore Turner Green".Lineage Book. Vol. v. 127. National Society of the Daughters of the American Revolution. 1932. p. 234. DAR ID Number: 126746
  14. ^Wickwire, Cathy (April 22, 2015)."Stimson-Green Mansion (House Tour)"(PDF).Washington Trust for Historic Preservation. p. 1. RetrievedJanuary 10, 2022.
  15. ^"Joashua Green, pioneer financer, dead at 105".The News Tribune. Tacome, WA: Tacoma News. January 27, 1975. p. 13.ISSN 2688-8858.OCLC 32352631 – via Newspapers.com.
  16. ^Council Bill Number: 97973 / Ordinance Number: 106068, City of Seattle Legislative Information Service, introduced/referred: December 6, 1976, passed: December 13, 1976. Accessed online 2009-10-16.
  17. ^"Stimson Green Mansion".stimsongreen.com. RetrievedOctober 16, 2009.
  18. ^"Council Bill Number: 116218 / Ordinance Number: 122778".clerk.ci.seattle.wa.us. City of Seattle Legislative Information Service. Introduced/referred: May 19, 2008, passed: September 8, 2008. RetrievedOctober 16, 2009.
  19. ^ab"News". The Joshua Green Building. Archived fromthe original on December 14, 2009. RetrievedOctober 16, 2009.
  20. ^Porter, Lynn (July 10, 2008)."Real Estate Buzz: After 100 years, Joshua Green gets redo"(PDF).Daily Journal of Commerce. Seattle: Republished at joshuagreenbuilding.com. Archived fromthe original(PDF) on December 21, 2009. RetrievedOctober 16, 2009.
  21. ^Bagley, Clarence (1916).History of Seattle from the Earliest Settlement to the Present Time, Volume 2. The S.J. Clarke Publishing Company. p. 640.
  22. ^"Foundation Guidelines".joshuagreencorp.com. Joshua Green Corporation. Archived fromthe original on July 4, 2009. RetrievedOctober 16, 2009.
  23. ^"Properties".joshuagreencorp.com. Joshua Green Corporation. Archived fromthe original on July 3, 2009. RetrievedOctober 16, 2009.
  24. ^"Home page".joshuagreencorp.com. Joshua Green Corporation. Archived fromthe original on July 3, 2009. RetrievedOctober 16, 2009.

Further reading

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