The journal of the American-Irish Historical Society, Vol. VIII, 1909Various
History
The journal of the American-Irish Historical Society, Vol. VIII, 1909
Various
American-Irish Historical Society -- Periodicals; Ethnology -- United States -- Periodicals; Irish Americans -- Periodicals
Mr. Kelly was born in Chicago, September 24th, 1858, and when a year old
came to New York, where he lived thereafter. He was graduated from the
College of the City of New York with high honors and was later honored
with the degrees of Master of Arts and Doctors of Laws by Fordham
University. In 1871 he entered the West Indian trade and in 1884
established the house of Hugh Kelly & Co., which is well-known
throughout the cane sugar world. He was very successful in designing and
constructing several of the largest and most modern sugar cane factories
in Cuba, Porto Rico and Santo Domingo, and was one of the best known
merchants in that industry.
He was president of several sugar companies in the West Indies, but
found time also to devote himself to maritime and municipal affairs, and
was in the directorate of the United Fruit Company, The Emigrant
Industrial Savings Bank, the Nipe Bay Company, and other industrial
enterprises. He was also a Trustee of St. Patrick’s Cathedral, the Roman
Catholic Orphan Asylum, Calvary Cemetery, the Sevilla Home for Children,
and the Central Islip State Hospital.
Mr. Kelly served the city as a member of the Board of Education from
1895 to 1898, and was Treasurer of its Finance Committee.
He was Vice-President of the Maritime Exchange in 1894 and 1895,
President in 1896 and 1897, and for seven years was on its directorate.
Mr. Kelly was made president of The Oriental Bank in an effort to save
it shortly before it failed last Winter. He was a director in the bank
at the time of the financial depression, and when the bank was
threatened Mr. Kelly took up the task, two or three days after his
return from Europe, of realizing on the bank’s assets and meeting the
claims against it. He was going along very well when fresh bank failures
caused a run on the Oriental, which led to its suspension.
Attorney-General Jackson had receivers appointed but they were soon
removed by the Court. Full payment to every depositor was eventually
made through an arrangement with the Metropolitan Trust Company, which
took over the Oriental Bank’s assets. Mr. Kelly in his desire to keep
the bank on its feet when he accepted the presidency refused to accept a
cent of remuneration, his sole desire being to keep the bank going. The
strain under which he labored at that time, and the many false rumors
which those antagonistic to the bank had issued, preyed upon him
greatly, and an acute nervous ailment forced him to give up work three
weeks before his death, which occurred October 30th, 1908, at 3 a. m.
The funeral was held at St. Patrick’s Cathedral on November 2d.
Archbishop Farley celebrated solemn requiem mass. Some of the other
church dignitaries who assisted in the service were Mgr. Lavelle, Mgr.
Hayes, Father McCluskey and Father McQuade.
Public-domain text, read in full here on John Shaqi.
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