Samuel Holmes Mather was an American lawyer and banker.
Background
Samuel Holmes Mather was the second of the two sons of Dr. Ozias and Harriet (Brainard) Mather. He was born on March 20, 1813 in Washington, N. H. His father was the son of Dr. Augustus Mather of Lyme, Connecticut, and a descendant of Rev. Richard Mather of Dorchester, Massachussets; his mother, the daughter of Jabez Brainard of Washington and Lempster, N. H. , was also a member of an old New England family of English ancestry. Ozias Mather died the same year Samuel was born.
Education
The boy attended the academy of his native town, and Kimball Union Academy, Meriden, N. H. He graduated with high honors from Dartmouth College in the class of 1834. For fifteen months after graduation he studied in a law office in Geneva, N. Y. Attracted to Cleveland, Ohio, in December 1835, by reports friends gave him of the opportunities in that growing city, he continued his study of law there and was admitted to the bar in 1836.
Career
In 1849 he joined with others who had formerly lived in New England in establishing the Society for Savings, modeled after an organization then popular in New England, the name being suggested by that of a similar society in Hartford, Connecticut Mather was from the first its secretary and chief officer, and soon began to devote practically all his time to the institution. In 1884 he became its president, an office he held until his death, Myron T. Herrick succeeding him. Mather described the Cleveland Society for Savings as "a benevolent institution, without capital, managed by trustees without salary, in the interest of the depositors only, to whom profits are paid, or for whose benefit they are accumulated and reserved. " Under Mather's direction it came to be a powerful, conservative banking house. Its policies, and particularly the high rate of interest it could pay on time savings deposits, benefited savings accounts in all the Cleveland banks. At the time of his death, one in six of the population of Cleveland was a depositor in the Society for Savings, and the total deposits amounted to $23, 000, 000. Mather's record as a business man was above reproach. Fairness and trustworthiness won him the confidence of his community. From 1854 to 1857 inclusive he was a member of the board of education, and for the first three years secretary, or acting business manager, of the schools. In the latter capacity he was charged with much of the detail work which fell to the board, the selection of teachers, and the supervision of the construction of buildings.
Achievements
Samuel Holmes Mather served as the President of the Society for Savings 1884-1894.