Charles Yerkes
American banker and art collector (1837-1905)
Charles Tyson Yerkes Jr. ( YUR-keez; June 25, 1837 – December 29, 1905) was an American financier. He played a part in developing mass-transit systems in Chicago and London.
Philadelphia
Yerkes was born into a Quaker family in the Northern Liberties, a district adjacent to Philadelphia, on June 25, 1837. His mother, Elizabeth Link Yerkes, died of puerperal fever when he was five years old, and soon thereafter his father Charles Tyson Yerkes Sr. remarried a non-Quaker and was therefore expelled from the Society of Friends. After finishing a two-year course at Philadelphia's Central High School, Yerkes began his business career at the age of 17 as a clerk for a local grain brokerage. In 1859, aged 22, he began his own brokerage business and registered with the Philadelphia Stock Exchange.
By 1865, he had begun banking and specialized in selling municipal, state, and government bonds. Relying on his bank president father's associations, his political acquaintances, and his own acumen, Yerkes became well-known as a businessman.
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This entry incorporates text from “Charles Yerkes” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.