Background
He was born on 15 January 1839 in Brownfield, Maine and after living in Boston for a time, came to New York City in 1862.
He was born on 15 January 1839 in Brownfield, Maine and after living in Boston for a time, came to New York City in 1862.
Foreign 22 years he was in the dry goods commission business and then embarked on various enterprises. He became president and director of the New York and Pennsylvania Company, president and managing director of the McDonald Electrolytic Company, treasurer and a director of the Yaryan Company, a trustee of the New York Life Insurance Company, president of the Armstrong Real Estate Improvement Company, the Johnsonburg National Bank, the Hanover Land & Dock Company, and the Highland Paper Company. He died at the age of 77 in the Plaza Hotel and was laid to rest in Woodlawn Cemetery in the Bronx.
Paine was a member of the Union League, the Merchants, and the New York Athletics Clubs.