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Henry Pomeroy Davison

1911 Encyclopedia Britannica

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"HENRY POMEROY DAVISON (1867-), American banker, was born at Troy, Pa., June 13 1867. He was educated at Greylock Institute, South Williamstown, Mass. He was successively errand-boy in the bank conducted by his uncle in Troy, Pa., runner for a Bridgeport (Conn.) bank and paying-teller in the newly opened Astor Place Bank in New York City, remaining there from 1891 to 1894. From 1894 to 1902 he was connected with the Liberty National Bank, New York, successively as assistant-cashier, vice-president and president. In 1902 he became vice-president of the First National Bank, and in 1907, following his activities during the panic of that year, he entered the firm of J. P. Morgan & Co., of which he was in 1921 still a member. In 1908 he was appointed adviser to the National Monetary Commission to investigate the financial systems of Europe. Later he served at the head of a` group of American hankers interested in the Six Power Chinese Loan. From 1917 to 1919 he was chairman of the American Red Cross War Council. During his incumbency, $300,000,000 was raised through popular subscriptions in aid of war sufferers. In 1919 he became first president of the newly formed international organization of all Red Cross bodies, the League of Red Cross Societies.