The journal of the American-Irish Historical Society, Vol. VII, 1907Various
History
The journal of the American-Irish Historical Society, Vol. VII, 1907
Various
American-Irish Historical Society -- Periodicals; Ethnology -- United States -- Periodicals; Irish Americans -- Periodicals
He married his cousin, Jane Lynch, a native of Dublin. Shortly after,
Dominick and his wife went to reside at Bruges, in Flanders, where he
established a commercial house, a branch of his father’s in Galway. He
amassed a handsome fortune in Bruges and three of his children were born
there. While engaged in business in Bruges he became acquainted with Don
Thomas Stoughton, a merchant having commercial relations with France and
Spain. Eventually, Lynch and Stoughton formed a co-partnership for the
purpose of conducting business in America. The articles of
co-partnership were dated March 10, 1783; the capital agreed upon was
£7,500, of which amount Lynch furnished £5,000 and Stoughton, £2,500.
[Illustration:
HON. GEORGE F. O’NEIL,
Binghamton, N. Y.
A LIFE MEMBER OF THE SOCIETY.
]
Stoughton, in pursuance of the agreement, came to New York City and
opened the business house of Lynch & Stoughton. Lynch visited London and
Galway, and in 1785 sailed for America, reaching New York June 20 of
that year. Stoughton was a bachelor, and Mr. and Mrs. Lynch, their three
children and a number of servants, went to reside with him. Later,
Stoughton was made Spanish consul at New York. Eventually, differences
broke out between the partners, the firm was dissolved and each member
sued the other. These two suits in chancery, Stoughton _vs._ Lynch and
Lynch _vs._ Stoughton, were tried before Chancellor Kent and after
pending for over twenty years, were finally decided adverse to Lynch.
The latter had to pay Stoughton, besides fines and costs, $25,076. After
the dissolution of the firm, Lynch retired in affluent circumstances
largely on account of the wealth he had amassed in Bruges. It was said
of him in New York that “he dispensed a bountiful and refined
hospitality.” He was an earnest Catholic, gave liberally of his means to
forward church work and was one of the representative men who signed the
“Catholic Address” to George Washington. It is said of Lynch that upon
arriving in New York, in 1785, he brought a large amount of specie with
him and the advent of a man with such extensive financial resources
created quite a stir. He was at one time offered, for what would today
be considered a ridiculously small sum, a farm of twenty acres near City
Hall, New York.
Public-domain text, read in full here on John Shaqi.
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