Background
He was born on February 23, 1823, in Wintonbury, later Bloomfield, Hartford County, Connecticut. His early years were passed in New Preston, Connecticut.
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Gold and Silver as Currency: In the Light of Experience, Historical, Economical, and Practical (Classic Reprint)
(Excerpt from Gold and Silver as Currency: In the Light of...)
Excerpt from Gold and Silver as Currency: In the Light of Experience, Historical, Economical, and Practical The division of labor, also, not only between the states and the peoples of a single country, but between the nations of the earth, is the highest type of universal civilization. The exchange of products, skilled labor, and inventions being the substance of commerce, is the bond of social inter course both at home and abroad. Every impediment in the way of building up our own commerce and extending our trade with other nations is a hindrance to the progress of civilization and a hindrance to the payment of our just debts, which can only be paid with our own products and the thrift of our own people. England, France, Germany, and Holland have purchased our securities with gold we cannot legislate their payment in silver. By the full amount of our foreign indebtedness, we are now under bonds to preserve a gold basis with those countries, and we cannot change it until we pay our debts, and then we will not want to. De stroying our credit is a very poor way to pay debts. Before the Civil War cotton was king, and supplied a larger volume of exchange on London than any other pro duct ih this Country. When the writer was in Egypt in 1859 cotton was a very scarce commodity in the port of Alexan dria; now every mill in New England and old England buys Egyptian cotton, and cheap labor in the valley of the Nile and in India affects the great staple of our Southern States unfavorably. We cannot prohibit its importation without promoting increased cultivation in Egypt and India. The Soudan is the natural cotton country of the world, and it is larger than the United States. England has long been reaching out for that prize and will get it soon. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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Insurance, Life and Accident: A Paper Read Before the World's Congress Auxiliary of the World's Columbian Exposition at Chicago (Classic Reprint)
(Excerpt from Insurance, Life and Accident: A Paper Read B...)
Excerpt from Insurance, Life and Accident: A Paper Read Before the World's Congress Auxiliary of the World's Columbian Exposition at Chicago If there is any antiquated inhabitant of the back country who is still carrying his grist to mil, with a stone in one end of the bag and his corn in the other, he has only to°come here to find out a better way, and possibly to learn that he can buy his bread in town cheaper than he can get his grist from the coun try mill. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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The Debate On Constitutional Amendments, Session 1901 (1901)
(This scarce antiquarian book is a facsimile reprint of th...)
This scarce antiquarian book is a facsimile reprint of the original. Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions that are true to the original work.
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James Goodwin Batterson
Edit ProfileEducation
He attended a country school and an old-time academy.
Career
Having made his way, partly afoot, to Ithaca, New York, he there served a three-year apprenticeship in a printing shop, and after that was associated in business with the elder Batterson, who had set up in Litchfield as a tombstone cutter. For a year he read law in the office of Origen S. Seymour, afterward chief justice of the state supreme court of errors.
Having removed his business to Hartford, he widened its scope to include contract work for residences, office buildings, and public structures. By 1875 it had so grown that it was organized into a joint stock company, the New England Granite Works. Batterson introduced labor-saving apparatus and himself invented a turning lathe for cutting and polishing stone columns. In 1860 he established in New York City large works for supplying interior marbles.
He also furnished the gray Concord granite for the Library of Congress at Washington. Deriving his basic idea from English methods of insurance against railway accidents, he founded the Travelers Insurance Company in 1863 and thus became the pioneer of accident insurance in the United States. The first premium received by the new company was two cents for insuring a Hartford banker from the post office to his house. At first Batterson's venture was opposed and ridiculed; then within two years no less than seventy other companies arose for but a brief existence. The Travelers charter soon was amended to permit business in general accident and life insurance, and subsequently to take in liability insurance also.
His researches in geology and mineralogy comprised field work with James G. Percival in the first geological survey of Connecticut (see Percival's report, 1842), and with Isambard K. Brunel in the Nile Valley during the winter of 1858-59. Deeply interested in sociology and economics, he subsidized the publication of the first complete edition of Walter Bagehot's writings (edited by Forrest Morgan, 5 vols. , Hartford, 1889) and wrote Gold and Silver as Currency in the Light of Experience, Historical, Economical, and Practical (Hartford, 1896), a brochure employed as a campaign document.
Achievements
Works
book
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Insurance, Life and Accident: A Paper Read Before the World's Congress Auxiliary of the World's Columbian Exposition at Chicago (Classic Reprint)
(Excerpt from Insurance, Life and Accident: A Paper Read B...)
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Gold and Silver as Currency: In the Light of Experience, Historical, Economical, and Practical (Classic Reprint)
(Excerpt from Gold and Silver as Currency: In the Light of...)
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The Debate On Constitutional Amendments, Session 1901 (1901)
(This scarce antiquarian book is a facsimile reprint of th...)
- France after the armistice
- Addresses and pamphlets
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Insurance, Life and Accident: A Paper Read Before the World's Congress Auxiliary of the World's Columbian Exposition at Chicago (Classic Reprint)
Personality
A lifetime of directed study and wide reading made Batterson uncommonly versatile and well-informed.
Interests
Connections
In 1851 he was married to Eunice Elizabeth Goodwin.
References
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Born
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Died
September 18, 1901 (aged 78) -
Nationality
American