Name |
James Lewis Lombard [1] |
Birth |
6 Jan 1850 |
Henry, Marshall, Illinois, -USA [1] |
Gender |
Male |
Note |
- Line 2817 from GEDCOM File not recognizable or too long: OCCU Financier
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- Line 2818 from GEDCOM File not recognizable or too long: EDUC Bowdoin College, no degree
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- Line 2819 from GEDCOM File not recognizable or too long: RELI Unitarian
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Note |
- Moved to Union Co, IA, in 1875. Lived in the Creston House. In 1883 was living at 406 South Vine (Lombard IA5).
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- In1880 was living on South Birch St, Creston, IA (Lombard IA7, MO5).
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- Moved from Creston, IA, to Kansas City, MO, in 1885 (Lombard NY6).
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- Lived at1805 Jefferson Street in Kansas City, which by 1918 was a 'girls' hotel' (Lombard NY6). According to Ellen Lombard Margolies (24 Dec 1994), the house was designed by Burnham.
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- Was still living sat 1805 Jefferson, Kansas City, MO, in 1900 (Lombard MO5).
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- In 1904 he is listed in the city directory for Kansas City as a person who offers loans, with a business address on 1019 Grand Ave and a residence at 1805 Jefferson (Lombard MO5).
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- Listed in the 1908 city directory for Kansas City as president of Corn Belt Bank, located at 1019 Grand, and living at 1805 Jefferson (Lombard MO5).
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- According to a handwritten note from Evelyn, Norman Lombard's second wife, 'James Lewis Lombard-father of Norman-was a financier in Iowa and Missouri, founded 1st National Bank in Kansas City, Missouri, later moved to California.'
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- From 'Illustrated Centennial Sketches, Map and Directory of Union County, Iowa'-
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- 'The Bank of Creston was started in February 1875; is owned by the Messrs. Lombard-J. L. Lombard, Cashier, residing in Creston, and managing the business; B. Lombard, Jr., the President, residing in Galesburg, where is is well and favorably ably known. In addition to their regular banking business, they make a specialty of long loans on real estate, and are doing an extensive business in that line.'
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- An ad in the same publications reads-
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- 'B. Lombard, Jr., Owner, Galesburg, Illinois. James L. Lombard, Cashier, Creston, Iowa. The Bank of Creston, Creston, Iowa, Deposits Received, Short Time Business Paper Discounted, Collections Made, and a General Banking Business Transacted. ted. Exchange Sold on New York, Chicago, Burlington, and the Principal Cities of Europe. We would invite the attention of conservative men to the above Bank, and court inquiry as to its standing. Correspondents, First National Bank, New York City; Fifth National Bank, Chicago; National State Bank, Burlington. Money to Loan on Improved Farms at Lowest Rates.'
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- The publication also includes a drawing of the bank building. An accompanying map of Spaulding Township shows 240 acres owned by B. Lombard, Jr.
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- On 1 Apr 1993 I received from John A. Lombard a copy of four pages, 557-60, from a book called 'History of Kansas City' [or at least that's what it says in the running head; I have to find the book in the library and get more bibliographical facts]. It says-
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Note |
- 'Lombard, James L., was born January 6, 1850, in Henry, Marshall County, Ill. His boyhood days were spent mostly in the west, where, at the public schools in Chicago and the Lombard University in Galesburg, Ill., he received his early arly education. He prepared for college at Farmington, Me., and entered Bowdoin College at the age of seventeen; but desiring to engage actively in business, left college before graduation.
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- 'He first engaged in the mortgage loan business in Chicago, lending money for his relatives and gradually extending his clientele, building up a very satisfactory business, which, however, was intercepted by the panic of 1873, when business ness generally became so depressed in real estate in Chicago that, at the request of his clients, a location in the west was sought. At Creston, Ia., with his brother-in-law, Benjamin Lombard, jr. [Benjamin was married to James's sister, Julia, but he was also James's first cousin, the son of his father's brother, David], a co-partnership under the name and style of the Bank of Creston was established. This bank transacted a banking business, and had, for one branch of its business a mortgage department, and through the influence of the Messrs. Lombard, and because of their conservatism and prompt business methods, a reputation was earned for them which is co-extensive with the New England and Middle States. This bank was the nucleus of the Lombard Investment Company and several other financial corporations in which the Lombards are so largely interested, and which have been so eminently successful. The Bank of Creston grew rapidly under the able and untiring management of James L. Lombard, upon whom the entire responsibility of its success rested. His experience in Chicago was extremely valuable. He had seen the wealthiest and most extensive real estate operators fall under the depression which prevailed in 1873, and carefully studying the causes of their failure, benefited by their unfavorable experience, and judging the future by the past, adopted such conservative, cautious methods in the transaction of his business, that success must crown his efforts. Adhering rigorously to one line of business, and refusing to engage in outside enterprises, setting aside each year a balance from his income and investing it judiciously, there were positively no losses, and his fortune increased rapidly each year. And though he was, in the earlier years of his business experience, compelled to borrow from time to time to furnish his portion of the capital and to take advantage of the many excellent opportunities for lending money which were so frequently presented, yet, later in life, he satisfied his entire indebtedness and, together with his partner, adopted a rule to never borrow for the purpose of making an investment, and to purchase nothing which they, individually, did not have the money on hand to pay for. Their 'pay-as-you-go' principle has made them very strong in the east, and has enabled the Lombard Investment Company (which succeeded to the mortgage business of the Bank of Creston during the fall of 1882) to become very well and favorably known in the east, under their conservative management, and as far as credit, experience and successful management go, has placed them at the top of the ladder.
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- 'The organization of the Lombard Investment Company was devised and brought to a successful issue by James L. Lombard, aided largely by B. Lombard, jr., in its details at the east, and from a company with $125,000 capital and eight ight stockholders it has grown to a corporation with $1,150,000 and $400,000 surplus. It has three hundred and seventy-five wealthy and influential stockholders, representing the very best men in almost every important city over the New England and many of the leading cities of the Middle States, and it is probable that there are very few corporations, if any, in existence at the present time, the combined wealth of whose stockholders will represent such a large amount as the aggregate wealth of the stockholders of this corporation.
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Note |
- 'When the Lombard Investment Company was incorporated, an eastern office was established at Boston, but since that time, owing to the large increase of business, it has been necessary to open an office in New York, which is presided over by r by William A. Lombard [maybe William A. Lombard, b. 1860, son of Benjamin Lombard, Jr., who Janet Lombard-Beahen, in 'Sixteenth Century Lombards and Their Descendants,' speculates 'may have died young,' or William Lombard, b. 1845, the older brother of James Lewis Lombard], and an office in Philadelphia, which is under the management of William McGeorge, Jr.
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Note |
- 'In the spring of 1883 it was deemed advantageous to establish relations with England, that a trans-Atlantic clientele might be established, which, in the event of poor crops or any financial depression in this country, would be a profitable able auxiliary to the Lombard Investment Company; and carrying out this plan, originated by James L. Lombard, he sailed for London, bearing with him letters of credit from his stalwart friends in the east, who expressed a desire to subscribe for stock in a London Company, incorporated under the English laws, provided the management should be in the hands of the Lombards, and the Lombard Investment Company should be its American correspondent. The Anglo-American Land, Mortgage, and Agency Company (limited) was thus formed, and since its inception has forwarded over $2,000,000 to the Lombard Investment Company for investment in western securities. Through the Anglo-American Company in London, the Lombard Investment Company has become quite well known in England and Scotland, and the Anglo-American Company is already assuming a leading position under the chairmanship of Charles Fraser-MacIntosh, M.P. for Inverness, and the management of their investments on this side of the water by Mr. Lombard.
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- 'In the spring of 1885 the western office of the Lombard Investment Company was removed from Creston, Ia., to Kansas City, where the banking business of Lombard Brothers was established. Through negotiations of Mr. Lombard with the Kansas City City Times Company, the Diamond building, located at the Junction, was engaged. The erection of the new Times buillding at the north of the Diamond building was commenced, and a prominent location was securied for the banking house of Lombard Brothers in the Diamond building at the Junction, while the principal portion of the Diamond building above was secured for the Lombard Investment Company at its western headquarters.
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- 'March 1, 1886, the First National Bank succeeded Lombard Brothers, James L. Lombard becoming its president. Through Mr. Lombard's English connections a foreign exchange business has been established for this bank which is second to none in e in the West. Arrangements were perfected whereby the country correspondents of the bank were furnished with blanks, enabling them to draw their own drafts on foreign banking institutions located in upwards of seventy places in Great Britain and on the continent. This bank has already established itself as one of the most ultra-conservative banks in the West. It does not aim to conduct an extensive business, but the conservative course of its president is strictly adhered to in this bank, and speculative enterprises are carefully avoided. It is the policy of this institution to first take care of the needs of its depositors, and if in funds to purchase outside paper; its loans are almost exclusively of home paper, to parties who possess readily realizable assets within themselves, with which to meet their indebtedness as it matures. It does not seek for high rates of interest so much as wide margins of security. Its directors represent probably the largest amount of capital of any bank west of Chicago. Its surplus, which is about $75,000, will be allowed to accumulate until it equals the capital stock before any dividends are declared.
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Note |
- 'In the fall of 1886, at the request of some of Mr. Lombard's intimate friends in Scotland, he left for Great Britain, and in June, 1877, the Edinburgh Lombard Investment Company (limited) was incorporated, and has proved one of the very very remarkable successes of the times. Notwithstanding the lack of confidence in American enterprises, caused by the decline in value of cattle and ranch shares and the poor success that British people have experienced in cattle companies and mines, the shares of the Edinburgh Lombard Investment Company were taken up readily in Scotland, and more money was furnished it for investment in America than the company really cared to receive, during the first six months of its existence.
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Note |
- 'Mr. Lombard is probably the youngest bank president in Kansas City. There are none more conservative or who have more clear ideas of the responsibilities of a man occupying a position of trust. His judgment is excellent. He will incur no r no indebtedness. His fortune, now most ample, is being yearly augmented by safe, conservative investments of a non-speculative character. In June, 1878, he married Miss Eva Stiles, a native of Toronto, Canada, and their family consists of four children, three sons and one daughter. Their home, now being erected at the corner of Eighteenth and Jefferson streets, will be one of the most spacious and comfortable in the city. Mr. Lombard is trustee of All Souls Unitarian church, in which he takes a great interest.'
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Note |
- From pp. 269-70 of the same book, in the chapter on investment companies-
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Note |
- 'The Lombard Investment Company is incorporated under the State laws of Massachusetts and Kansas, having its western headquarters in Kansas City. Previous to May, 1885, the head western offices of the company were at Creston, Ia. The business ness of the company is the loaning of money on first mortgage on improved farming and city property in the States of Missouri, Nebraska and Kansas. It has a cash capital and surplus of $1,400,000, and its operations are conducted in the most methodical and systematic manner possible. In making each loan every detail is as minutely examined as if the purchase of the property were contemplated. The greatest care of the company is the absolute soundness of the security. This carefulness and the precautionary system of the company are appreciated by borrowers in the West, and cause its securities to be eagerly sought after in the east and in Europe.
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Note |
- 'That Kansas City is deriving great benefit from the location of the Lombard Investment Company's principal western office and the other interests with which the Lombards are identified (notably the First National Bank, a history of which is h is given elsewhere) is evident to all. Through their intimate acquaintance and extensive associations with the moneyed interests of the East, the Messrs. Lombard having influenced an enormous amount of capital in this direction for investment and secured the complete recognition of the soundness of the class of securities in which they deal; and particularly with regard to mortgages on Missouri property their efforts have contributed largely to dispel the unfair and mistaken notions that had so long hung like a cloud over the fair fame of the State. They have brought under the direct notice of Eastern financiers the fact that Missouri is probably to-day the most rapidly improving State in the Union, that the laws of foreclosures are highly favorable to lenders, and that the permanent character of the improvements renders real estate in Missouri a very desirable long time investment. Beyond this they have, by extensive advertising throughout the East, directed the attention of a large number of the better class of emigrants from other countries and many enterprising Eastern capitalists to the advantages offered in Kansas City and surrounding country, and by this means have induced many to inquire into the facts and ultimately to locate here. The large amount of capital the company has loaned on Kansas City property covers more recorded mortgages on city property in a year than the aggregate transactions of any other corporation or firm. The Lombard Investment Company has the strongest financial connections throughout the West and is a large stockholder in the following banks which act as its special agents in the various localities named-The National Bank of America, Chicago; Capitol National Bank of Galesburg, Ill.; First National Bank of Creston, Ia.; First National Bank of Humboldt, Neb.; First National Bank of York, Neb.; First National Bank of Larned, Kan.; First National Bank of Lincoln, Kan.; First National Bank of Garden City, Kan.; State National Bank of Wichita, Kan., and the First National Bank of Kansas City, Mo. The company has direct financial relations with the moneyed centers of Europe, having its own offices at 100 Leadenhall street, London, England. Its Eastern offices are at 12 and 13 Sears's building, Boston, Mass. The officers of the company are Benjamin Lombard, jr., president; James L. Lombard, vice-president and Western manager; Lewis Lombard [probably Benjamin's brother, who would also be a first cousin of James], second vice-president; William A. Lombard, secretary; J. W. Gist, superintendent of the farm department; G. W. Mathews [perhaps a relative of Latitia Mathews, James's mother], superintendent of the city department; and H. W. L. Russell, cashier.'
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Note |
- From Lombard-Beahen, 'Sixteenth Century Lombards'-
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Note |
- 'James Lewis, b. Jan. 21 1850, Henry, Marshall Co., IL, m. Eva Stiles. Eva was b. 1858 New Market, Ontario, Canada. Founder of First National Bank, Kansas City, MO, formerly Lombard Brothers Bankers. Was in Kansas City, MO, in 1897. He moved oved to California and lived on King Street in Piedmont, CA.' [Note discrepancy in birth date.-LMC]
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- From a letter from Barbara Lombard Boone received 3 May 1993-
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Note |
- 'You might be interested in the Lombard family house at 62 Farragut Ave, Piedmont, CA-built by Eva and James Lombard in the early 1900's or 1915. It is a gorgeous old mansion, Harrow Manor, now owned by Patricia and Fred Sohegian, who live live now, while the house is being renovated, at 60 Crest Rd., Piedmont, CA 94611 .'
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Note |
- During a phone conversation with Ellen Lombard Margolies on 7 Jul 1993 she found an address in a photo album that she believes was James Lombard's business address-2721 Pierce St., San Francisco, CA.
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- Line 2918 from GEDCOM File not recognizable or too long: HIST 1 Lombard IL1, IA4, IA7, MO5, Stiles CA1
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- Line 2919 from GEDCOM File not recognizable or too long: HIST 2 Lombard IA7, IL1, IL6, 5
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- Line 2920 from GEDCOM File not recognizable or too long: HIST 3 Lombard IL1, IL6, 5, IA4, IA7
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- Line 2921 from GEDCOM File not recognizable or too long: HIST 6 Lombard IA5, IA8
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- Line 2922 from GEDCOM File not recognizable or too long: HIST 7 Lombard IA5, IA8
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- Line 2923 from GEDCOM File not recognizable or too long: HIST 8 Lombard NY 6
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- Line 2924 from GEDCOM File not recognizable or too long: HIST 9 Lombard NY 6
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- Line 2925 from GEDCOM File not recognizable or too long: HIST 11 Lombard NY 6
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- Line 2926 from GEDCOM File not recognizable or too long: HIST
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- Line 2927 from GEDCOM File not recognizable or too long: HIST Burial place from phone conversation with John Albert Lombard, 27 Mar 1993.
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- Line 2928 from GEDCOM File not recognizable or too long: HIST
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- Line 2929 from GEDCOM File not recognizable or too long: HIST Approximate death year and death place from phone conversation with Ellen Lombard on 7 Jul 1993.
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- Line 2932 from GEDCOM File not recognizable or too long: CHAN
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- Line 2933 from GEDCOM File not recognizable or too long: CHAN DATE 28 DEC 1994
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Death |
7 Jan 1918 |
Larchmont, Westchester, New York, -USA [1] |
Burial |
Mt Auburn Cem, Cambridge, Massachusetts, -USA [1] |
Person ID |
I23481 |
HHTT |
Last Modified |
1 Jul 2022 |