Background
Owen D. Young was born on October 27, 1874 on a small farmhouse in Stark, New York. His parents’ names were Jacob Smith Young and Ida Brandow and they worked the farm that his grandfather owned.
(This is a reproduction of a book published before 1923. T...)
This is a reproduction of a book published before 1923. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book. ++++ The below data was compiled from various identification fields in the bibliographic record of this title. This data is provided as an additional tool in helping to ensure edition identification: ++++ Problems In Practice And Pleading At The Common Law Owen D. Young, James T. Keen A. Mudge & son, 1902 Civil procedure; Pleading
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Businessman Diplomat Industrialist lawyer
Owen D. Young was born on October 27, 1874 on a small farmhouse in Stark, New York. His parents’ names were Jacob Smith Young and Ida Brandow and they worked the farm that his grandfather owned.
At the age of 16 he entered St. Lawrence University and in 1896 took his law degree cum laude from the Boston University Law School. More than 20 colleges awarded him honorary degrees.
Starting as a clerk in the firm of Charles H. Tyler, in 1907 Young became a partner. He also lectured at the Boston Law School. In 1898 he married Josephine Edmonds, who bore him four sons.
Young specialized in public utility securities law. The Panic of 1893 and the ensuing depression required reorganization of many utility companies, mainly because of the demise of their major supplier, General Electric (GE).
In 1913 Young's handling of a case against a GE subsidiary brought an invitation to become GE's general counsel. By 1922 he had become chairman of the board. Always interested in the problems of the laboring man, he pushed for the adoption of employee stock option plans and the use of unemployment insurance.
Young's participation in President Woodrow Wilson's Second Industrial Conference following World War I marked the beginning of his counseling of five U. S. presidents. In 1924 he coauthored the Dawes Plan, which provided for a reduction in the annual amount of German reparations, a loan to stabilize the German currency, and the French evacuation of the Ruhr Valley. The Dawes Plan worked, primarily because of American loans and investments. In the late 1920s investments fell, and Germany again defaulted on its payments. In 1929 a new international body met to consider a program for the final release of German obligations. Young acted as chairman. Germany's total reparations were reduced and spread over 59 annual payments. The Young Plan, which also reduced Allied war debts to the United States, collapsed with the coming of the Great Depression.
During the 1920s Young organized the Radio Corporation of America and acted as its board chairman until 1929, when he became chairman of the executive committee. In 1939 he retired to the family farm, where he began dairy farming. More than 20 colleges awarded him honorary degrees. Long interested in education, he served as a New York State regent and in 1949 labored on the state commission that recommended the present system of higher education. His donations to the New York Public Library were valued at over $1, 000, 000. He died on July 11, 1962.
In 1930, he built the Van Hornesville, New York, Central School in his hometown to consolidate all the small rural schools in the area. In 1963, it was renamed Owen D. Young Central School in his honor. The main library of the St. Lawrence University is named in his honor.
(This is a reproduction of a book published before 1923. T...)
Quotations:
"It takes vision and courage to create. "
"Capital which overreaches for profits; labor which overreaches for wages, or a public which overreaches for bargains will all destroy such other. There is no salvation for us on that road. '
"What I am concerned about in this fast-moving world in a time of crises, both in foreign and domestic affairs, is not so much a program as a spirit of approach, not so much a mind as a heart. A program lives today and dies tomorrow. A mind, if it be open, may change with each new day, but the spirit and the heart are as unchanging as the tides. "
"When boasting ends, there dignity begins. "
"The man who can put himself in the place of other men, who can understand the workings of their minds, need never worry about what the future has in store for him. "
Long interested in education, he was a member of the New York State Board of Regents, governing body of New York's educational system, until 1946.
He married Josephine Sheldon Edmonds on June 13, 1898 in Southbridge, Massachusetts. Following the death of his first wife in February 1937, he married Louise Powis Clark (1887–1965), a widow with three children.
She was born in 1887 and died in 1965.
She was born in 1870 and died in 1935.
She was born in 1907 and died in 1990. She became a poet and novelist, writing as Josephine Young Case.
He was born in 1899 and died in 1987. He was a scientist and inventor at RCA.
He was born in 1919 and died in 2011.
He was born in 1902 and killed in a train accident in1926.
He was born in 1910 and died in 1987. He was an American government official and diplomat who served as United States Ambassador to the Netherlands.
