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Dutch-American Merchant From Wikipedia, the free encyclopedia
John Gerard Coster (August 1762 – August 8, 1844) was a Dutch-American merchant who served as president of the Bank of the Manhattan Company.
Coster was born in August 1762 in Haarlem, Holland. He was a son of John Henry Coster (d. 1776) and Anna Catherine (née Vienecke).[1]
He was educated to be a physician under the tutelage of his brother Haro who was a well-known physician in the British Navy.[2]
After briefly living in Demerara in the West Indies,[3] Coster came to the United States from Haarlem in the Netherlands shortly after the Revolutionary War and founded the family fortune with his brother through the mercantile firm, "Henry A. & John G. Coster".[4] They became owners of numerous vessels and traded with the East and West Indies, and exported American commodities to Europe.[4]
In 1809, Coster financed the building of Washington Hall, a hotel, banquet hall, and restaurant that served as an early meeting place and headquarters for the Washington Benevolent Society, a semi-secret association that was an electoral arm of the Federalist Party.[5]
In 1813, he was made a director of Bank of the Manhattan Company, which had been founded by Aaron Burr in 1799.[4] In 1825, Coster was made president of the Manhattan Company, succeeding Henry Remsen upon his death. Coster was also a director of the Phoenix Insurance Company for many years.[6]
Coster was married to Catherine Margaret Holsman (c. 1778–1847).[1] Together, they lived in a house which he built at 539 Broadway, north of Canal Street, which was considered "one of the finest residences in New York."[4] It was built by two of the most well-known architects of the day, Alexander Jackson David and Ithiel Town.[7] They were the parents of twelve children, many of whom married into many prominent families including the Schermerhorns and Heckshers.,[4] including:[8]
J G Coster died on August 8, 1844.[4]
Through his son Daniel, he was a grandfather of Harry Coster, an American clubman who was prominent in New York Society during the Gilded Age.[12]
Through his daughter Julia, he was a grandfather of Henrietta Reubell (c. 1849–1924),[13] who was a prominent figure in Paris society known for hosting a lively salon at her apartment at 42 avenue Gabriel, including James McNeill Whistler, Oscar Wilde, Edith Wharton, and Henry James.[14]
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