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Encyclopedia > Charles Edward Merrill

Charles Edward Merrill, (October 19, 1885October 6, 1956) was a philanthropist, stockbroker and one of the founders of Merrill Lynch & Company. October 19 is the 292nd day of the year (293rd in leap years) in the Gregorian Calendar. ... 1885 (MDCCCLXXXV) is a common year starting on Thursday. ... October 6 is the 279th day of the year (280th in leap years). ... 1956 (MCMLVI) was a leap year starting on Sunday of the Gregorian calendar. ... A philanthropist is someone who devotes his/her time, money, or effort towards helping others. ... A stock broker or stockbroker or stock brokerage is someone or a firm who performs transactions in financial instruments on a stock market as an agent of his/her/its clients who are unable or unwilling to trade for themselves. ... Merrill Lynch & Co. ...

Image:CE Merrill.jpg
Charles E. Merrill

Contents


Early years

Charles E. Merrill, the son of physician Dr. Charles Morton and Octavia (Wilson) Merrill, was born in Green Cove Springs, Florida[1]. He prepared at John B. Stetson University from 1901-03 and at Worcester Academy from 1903-04. After two years at Amherst College, Merrill spent time at the University of Michigan Law School from 1906 to 1907; worked at Patchogue-Plymouth Mills from 1907-09; at George H. Burr & Co., New York City, from 1909-13; then established Charles E. Merrill & Co. in 1914, changing the name to Merrill Lynch & Company. Stetson University is a private, co-educational university in DeLand, Florida, United States, with a teacher education center in Celebration, Florida, a main Stetson University Law School in Gulfport, Florida (near St. ... Worcester Academy Worcester Academy is a private preparatory school located in Worcester, Massachusetts. ... Amherst College is an independent liberal arts college in Amherst, Massachusetts, USA. It is the third oldest college in Massachusetts. ... This article is about the University of Michigan in Ann Arbor. ... Midtown Manhattan, looking north from the Empire State Building, 2005 New York City (officially named the City of New York) is the most populous city in the state of New York and the entire United States. ... Merrill Lynch & Co. ...


Merrill Lynch

Merrill and his friend, Edmund C. Lynch, created Merrill Lynch in 1915. Merrill made his money by investing. He orchestrated the 1926 merger which created the Safeway food chain, then used Merrill Lynch funds to buy competitors and increase Safeway holdings to more than 3,500 stores across the United States by 1931. Merrill briefly left Merrill Lynch in the 1930s to run Safeway; in time, his son-in-law and grandson would also run the firm. Merrill was also a major investor S. S. Kresge Corporation, the forerunner of the Kmart Corporation. Edmund C. Lynch (May 19, 1885 — May 12, 1952) was an early partner and partial namesake of Merrill Lynch. ... 1915 (MCMXV) was a common year starting on Friday (see link for calendar). ... Safeway Inc. ... new Kmart logo Kmart Corporation was a US based corporation until it merged with Sears Holdings in November 2004. ...


Merrill anticipated the Stock market crash of 1929, divesting his money before the Great Depression. He had, in fact, pleaded with President Calvin Coolidge (like Merrill, an Amherst alumnus) to speak out against speculation, but Coolidge did not listen to him. Black Monday (1987) on the Dow Jones Industrial Average A stock market crash is a sudden dramatic loss of value of shares of stock in corporations. ... 1929 (MCMXXIX) was a common year starting on Tuesday (link will take you to calendar). ... The Great Depression was a worldwide economic downturn, starting in 1929 (although its effects were not fully felt until late in 1930) and lasting through most of the 1930s. ... The presidential seal was used by President Hayes in 1880 and last modified in 1959 by adding the 50th star for Hawaii. ... John Calvin Coolidge, Jr. ... Speculation involves the buying, holding, and selling of stocks, bonds, commodities, currencies, collectibles, real estate, derivatives or any valuable financial instrument to profit from fluctuations in its price as opposed to buying it for use or for income via methods such as dividends or interest. ...


In 1939, immediately preceding the boom caused by World War II, Merrill decided to take Merrill Lynch nationwide. He was convinced that the average American who wanted to invest should be able to buy shares in the stock market, which was previously a playground for the wealthy. He instructed his employees to hold seminars at which husbands and wives could leave their children with child care providers while the parents learned how they, too, could invest. 1939 (MCMXXXIX) was a common year starting on Sunday (link will take you to calendar). ... Combatants Allies: Soviet Union United Kingdom United States and others Axis Powers: Germany Italy Japan and others Commanders Winston Churchill Franklin Roosevelt Joseph Stalin Adolf Hitler Benito Mussolini Hideki Tojo Casualties Military dead: 17,000,000 Civilian dead: 33,000,000 Total dead: 50,000,000 Military dead: 8,000... The examples and perspective in this article or section may not represent a worldwide view. ...


Merrill was a well-known philanderer and bon vivant. He was married three times and gained the nickname "Good Time Charlie Merrill".


All three of Merrill's children were wealthy from unbreakable trusts made early in childhood. At their father's request, each willing renounced (in exchange for a token $100) any additional inheritance. Thus Merrill's estate became an engine of philanthropy: Charles Merrill is the namesake of the Merrill Science Center at Amherst College and of Merrill College at the University of California, Santa Cruz, built in 1968. To meet Wikipedias quality standards, this article or section may require cleanup. ... Categories: University stubs | University of California | Universities and colleges in California ... The University of California, Santa Cruz, also known as UCSC or UC Santa Cruz, is one of the ten campuses of the University of California. ...


Merrill was the father of educator and philanthropist Charles E. Merrill, Jr. (b. 1920) (founder of Thomas Jefferson School, founder and first headmaster of the Commonwealth School, and President of Morehouse College); San Francisco philanthropist Doris Merrill Magowan (1914-2001); and poet James Ingram Merrill (1926-1995). Merrill's grandson, Peter A. Magowan, was President and CEO of Safeway and is currently managing general partner of the San Francisco Giants. Thomas Jefferson School Thomas Jefferson School is a small coeducational boarding and day school located in Sunset Hills, Missouri, near St. ... Commonwealth School is a small independent high school of about 145 students located in the Back Bay neighborhood of Boston, Massachusetts, United States. ... Morehouse College is a private, all-male, historically black liberal-arts college in Atlanta, Georgia. ... This page is a candidate for speedy deletion. ... Peter A. Magowan is the managing general partner of the San Francisco Giants Major League Baseball franchise. ... Major league affiliations National League (1883-present) West Division (1969-present) Current uniform Ballpark AT&T Park (2000-present) Major league titles World Series titles (5) 1954 â€¢ 1933 â€¢ 1922 â€¢ 1921 1905  NL Pennants (20) 2002 â€¢ 1989 â€¢ 1962 â€¢ 1954 1951 â€¢ 1937 â€¢ 1936 â€¢ 1933 1924 â€¢ 1923 â€¢ 1922 â€¢ 1921 1917 â€¢ 1913 â€¢ 1912 â€¢ 1911...


Note

Various websites list Charles Merrill's birthplace as Glen Cove Springs [2] [3], Green Cove Springs [4] and Green Grove Springs [5], all in Florida. But only Green Cove Springs, Florida is an actual town. James Merrill mentions Green Cove Springs in his tribute poem, "Two From Florida," published in The Inner Room (1988). Green Cove Springs is a city located in Clay County, Florida. ... The Inner Room is a 1988 collection of poetry by James Merrill (1926-1995). ...


External links

  • Merrill Lynch: The Early Years
  • The Time 100: Charles Merrill

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Charles Edward Merrill, (October 19, 1885 - October 6, 1956) was a philanthropist, stockbroker and one of the founders of Merrill, Lynch and Company.
Charles E. Merrill, the son of physician Dr. Charles Morton and Octavia (Wilson) Merrill, was born October 19, 1885, in Green Cove Springs, Florida.
Charles Merrill is the namesake of the Merrill Science Center at Amherst College, built in 1968.
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