Background
Frederick Fraley was born on May 28, 1804 in Philadelphia, Pennsylvania, the son of John Urban Fraley and Ann Elizabeth Laskey Fraley, both of whom had been born in Philadelphia.
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banker Businessman Financier merchant
Frederick Fraley was born on May 28, 1804 in Philadelphia, Pennsylvania, the son of John Urban Fraley and Ann Elizabeth Laskey Fraley, both of whom had been born in Philadelphia.
Fraley received his preliminary education at a school attached to St. John’s Lutheran Church and then attended Thomas Watson’s private school which he left in 1817.
During the next three years he studied languages and literature under private tutors and also began the study of law. In 1880, he received an honorary degree of LL. D. from the University of Pennsylvania.
At the early start of his career, Fraley chose to devote himself to commercial activities. At the age of seventeen he entered the hardware store of Thomas Cooper, and in 1826 went into partnership with the firm of Reeves, Buck & Company, in the wholesale hardware business. He remained with them until 1840, when he became secretary of the American Fire Insurance Company.
In 1842 he became a member of the American Philosophical Society and successively filled the offices of secretary, vice-president, and president (1880-1901). He was chosen a member of the board of directors of the Girard College for orphans in 1847, was appointed chairman of the committee on instruction, and for a short time served as acting-president of the institution.
In 1853 he was elected a trustee of the University of Pennsylvania, and was also a manager, and for some time the treasurer, of the Pennsylvania Institution for the Blind. Upon the organization of the Philadelphia Board of Trade in 1833 he took an active part and was elected one of its first directors. Five years later he was elected secretary of this body; in 1866 he became a member of its executive council; in the following year he was made one of the vice-presidents, and in 1887 he was elected president of the Board, which position he held until his death.
He also took part in the organization of the National Board of Trade in 1868 and served as its president from that time until his death. Fraley always took an interest in public affairs. From 1834 to 1837 lie was a member of the Common Council of Philadelphia and from 1837 to 1840 was a member of the Senate of Pennsylvania.
In the years 1853 and 1854 he served on the committee of citizens of Philadelphia which devised the scheme for the consolidation of the city, his chief share in that work being the framing of the system of financial administration of the municipal government. He also took an active part in the work of the Sanitary Commission of the city and was a member of the executive committee of the Sanitary Fair of 1864.
He died of old age in his ninety-eighth year in his home in Philadelphia and is interred at the Woodlands Cemetery in Philadelphia.
Until his death Frederick Fraley took an active part in the business and cultural life of Philadelphia, and was considered one of the most successful men of his time. He was a founding member of the Union Club; a trustee and director of the University of Pennsylvania; president of the Philadelphia Board of Trade; member of the National Board of Trade (Boston); president of the Western Savings Fund Society and a member of the Farmer’s Club. Fraley was the founder and treasurer of the Franklin Institute; one of the first directors of Girard College, 1847; a promoter and organizer of the Philadelphia Centennial Exposition of 1876; and director of the Schuylkill Navigation Company. Politically, he earned a seat on the Philadelphia City Council in 1834, chaired the Finance Committee in 1837; was elected a Whig to the state Senate during the Buckshot War era, 1837-1840; chaired the Committee of Investigation relevant to the incident; was elected a delegate to the National Whig Convention of 1839, Harrisburg; and figured prominently during the Philadelphia (city/county) Consolidation process. Charles Fraley was granted an LL. D. from the University of Pennsylvania in 1880 and served as president of the American Philosophical Society from 1879 until his death.
(This scarce antiquarian book is a facsimile reprint of th...)
(This is a reproduction of a book published before 1923. T...)
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In his political affiliation Fraley was a Whig, so in December 1839 he went to Harrisburg, Pennsylvania as a delegate to the Whig Party's national convention. He also served as a Whig member of the Pennsylvania State Senate for the 1st district from 1837 to 1839.
In 1842 Fraley became a member of the American Philosophical Society. He was also a member of the Union League of Philadelphia, a founding member of the Union Club, of the Western Savings Fund Society, and a member of the Farmer’s Club.
Frederick Fraley seemed to have both a tremendous capacity for work and an accurate memory for facts and details - a trait which seemed to suffer no impairment from advancing years.
In 1832 Frederick Fraley married Jane Chapman Cresson.