Background
Bancroft was born on October 30, 1860 in Galesburg, Illinois to Catherine (Blair) and Addison Newton Bancroft; of their seven children, only he, an older brother, and a sister survived infancy. His mother's family had migrated from northern Ireland in the mid-eighteenth century. His father, who conducted a flourishing retail business, was related to the well-known New England Bancrofts.
Education
Frederic's education was the best that the West afforded, for the leading citizens of Galesburg were as attentive to education as their New England forebears whose institutions they copied. After attending the local Knox Academy, he enrolled in Knox College, in Galesburg. At the end of three years he transferred to Amherst College, where he graduated in 1882. Recognizing that his deepest interest was in scholarship, Bancroft enrolled for graduate study in Columbia University's School of Political Science, then only two years old. His doctoral dissertation, A Sketch of the Negro in Politics (1885), reflected his interest in the history of the South, a subject which remained his scholarly preoccupation for the remainder of his life. Soon after receiving his Ph. D. in 1885, he went abroad for further study at the University of Berlin.
Career
pon returning from his European sojourn in 1888, Bancroft accepted an appointment as librarian of the Department of State, largely because of the opportunity the position offered for research in its records and manuscripts. Although dismissed four years later by Secretary of State James G. Blaine, who wished the position "for one of his pets, " Bancroft decided to remain in the capital city. It was his home for the next fifty-three years. Although he gave occasional lectures at Columbia and other universities, Bancroft held no further jobs. Instead, with the financial support of his brother Edgar Addison Bancroft, a successful railroad attorney and corporation executive, he pursued an unhampered career of research and writing. In the decades before World War I, Bancroft wrote a two-volume Life of William H. Seward (1900) and, with William A. Dunning of Columbia, contributed an extended sketch of the political career of Carl Schurz to the third volume (1908) of Schurz's Reminiscences. He also edited a six-volume edition of Schurz's Speeches, Correspondence and Political Papers (1913).
Of all the public figures, political and literary, with whom he was acquainted, it was his friendship with Schurz that gave him greatest satisfaction. These writings were but a fragment of what Bancroft initially expected to accomplish. His most ambitious project, begun in 1903, was a history of the South. His painstaking and thorough research gained him recognition as one of the foremost authorities in the country on the antebellum South and the Civil War, but not until almost three decades later did he publish a book on either subject, and then only chapters of his proposed history - Calhoun and the South Carolina Nullification Movement (1928) and Slave Trading in the Old South (1931). Though the latter is an exemplary piece of scholarship and was for years the definitive work on the subject, Bancroft's contribution to history was, on balance, modest.
During the decades after World War I, Bancroft's historical work was subordinated to travel and, after his brother's death in 1925, to care of the estate he inherited. Largely through the influence of Allan Nevins, a professor of history at Columbia University and since the early 1930's a warm personal friend, Bancroft, who never married, decided to leave his estate to Columbia. He died in Washington in 1945 of congestive heart failure and was buried in Galesburg. By his wishes, his bequest, which came to nearly $2, 000, 000, has been used for the purchase of books on American history and for the annual award of prizes in American history and American biography.