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Encyclopedia Britannica



MORTON, LEVI PARSONS (1824- )

This article appears in Volume V18, Page 882 of the Encyclopedia Britannica.

Encyclopedia Britannica - Main :: MOL-MOS
MORTON, LEVI PARSONS (1824- ) , American banker and politician, was born at Shoreham,
Vermont
 , on the 16th of May 1824.1 He was in business at Hanover, New
Hampshire
 , in 1843-1849 and in Boston in 1849-1854. He then became a partner in a New
York
  dry-goods
house
 . He established in 1863 the banking house of L. P. Morton & Company (dissolved 1899), with a London branch which had Sir John Rose (182o-1888) as its principal member. The American firm assisted in funding the national debt at the time of the resumption of specie payments, and the London house were fiscal agents of the United States government in 1873-1884, and as such received the $15,500,000 awarded by the Geneva Arbitration Court in settlement of the "
Alabama
  Claims " against Great Britain. In 1899 Morton became president of the Morton Trust Company in New
York
  City. He was a Republican representative in Congress in 1879-1881, United States minister to France in 1881-1885, vice-president of the United States during the presidency of Benjamin Harrison in 1889-1893, and in 1895-1896 was
governor
  of New York, signing as such the " Greater New York " bill and the liquor-tax measure known as the " Raines law." In 1896 he was a candidate for the presidential nomination in the Republican national convention.


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