The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-10-19
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citizen well known in the commercial financial and
circles of this city Mr. Bard native Of the city of
New York, and of an old Huguenot family His father
was Doctor Samuel Bard who died in 1s19 and Er
many years Of the most eminent physicians u ths
city He contemporary of Doctors Moore and Cossey
and was first President Of the College of Physicians anA
| Surgeons Doctors John w. Francis and Valentine Mott
are among the few survivors Of the early members Of
institution Doctor Francis Ihas heretofore written ana
uolshed biographical notices of Doctor Bard and his
IN. dical cotemporaries.
| William Bard graduated at Columbia C,Iees
| in Ase7, in the same class with Abraham T.
Iawrei we, George W. Clinton, Robert Boyd anA
sthers. Having gone through course Of studies
to qualify himself for of the learned Professions Mr.
Bard ret Sd to an elegant country seat at Hyde Park In
Duchess tpuny where for many he devoted his
tention to tue pursuits of agriculture and the cuvaa
of his taste for literature He married Miss Crugsr Il
the family Of Ohn Cruger Esq., of the delegates FROM
New York to tSs celebrated Stamp Act Congress- which
met this city in October 1885, and tho pioneer q
the Continental Congress- By that lady he had sevses'
children oae of Ills daughters married Edward Prims
Esq, of this city
The ocsl relations Of Mr. Bard brought him in contact
twenty five thirty years tince with New Yorksr
at that time distinguished in the ranks Of ana
hnance-such John Jacob Astor, Nathaniel Prime,
John G. Coster Isaac Bronson, Peter Harmony and Gar
diner G. Rowland. Having turned his attention to ths
and loaning money trust, Mr.. Bard co-opsratsl
with the late Isaac Bronson and Others in 1880 in obta-
ing from the legislature of New York act Of ncorpor
ton for the New York Life Insurance and Trust Company
of the most important financial charters granted
in the United States. TIE late T. B. Wakeman ous
of the principal agents in procuring the charter at Alba
ny The capital of this company fixed at milioa
of dollars but its liabilities and loans have frequently
amounted to about six millions of dollars each Mr.. Bar4
the first president Of the company which embraced
among its trustees of the weahiet capitalists II
| New York. The company was highly prosperous, and
made large annual dividends for about twelve years.
when by the defacaten of Mr.. Edward A. Nco secreta
ry of the company the institution sustained loss e
three hundred and sixty thousand dollars The mor6sa
tion which Mr. Bard felt at this unfortunate circumstance
and the change required by the interests Of the nstu
tion induced him to retire from the presidency. The
course pursued by his successor the late Stephen Asa
to restore the funds ard credit of the concern how
ever, caused greater loss to the company than tha
which had been occasioned by the defalcation of Mr.
Nco, the oversight Of Mr.. Bard. The rapidty with
which mortgages forecosed, and the sale at unls-
voabe periods of real estate which the company haA
made loans, feature of Mr.. Aliens managemsnt
which greatly deprecated the former gains of the
pany. In instance real estate at Chicago which haA
fallen the hands Of the company sold for thirty
thousand dollars which about huRdred thousand
dollars less than the subsequent value of the pro-
perty, proved by subsequent sales.
Although Mr. Bard retired from the Presidency Of the
Life Insurance and Trust Company the trustees appointed
him actuary OF the institution, which office he held f
several years. The public indebted to him for the
strenuous efforts he made bringing the subject Of life
insurance to their attention Mt time when it was but
little known in this country. lie greatly aided in
his efforts this subject by Hon. Guan c. verplanck,
OF the first trustees Of the Life Insurance and Trust
Company. Mr. Bard much esteemed by large cires
Of acquantances for his integrity and amiable charaetr
NJ. ARAG0, OF PARIS.
The Atlantic brought the intelligence of the death q
~ AHAGo, the distinguished French philosopher and
statesman in the sixty eighth year of his age This
unexpected for he had been in critical state e
health for months past.
| Dominique Francois Arago born the Goth &
February 1885, at the village of Etage in the South
France and the Spanish frontier He the eldest
brother Of numerous family, the members of which
have been noted in science literature arms and his
father distinguished himself during the French Revolu
ton by his disnterested patriotism and public spirit
The subject of this sketch sent to school at Tou-
ouse and afterwards entered the Polytechnic School, as
Paris where he made rapid progress in his studss and
graduated with high honors he then attached to the
Observatory Paris and sent to Spain to make scsn
tGc observations, with the celebrated astronomer NJ
| Blot While he in the Spanish dominions war broke
out between France and Spain and NJ Arago taken
prisoner by the Spaniards After series Of escapes and
adventures in the countries the Mediterranean Araro
returned to France in s09 He repaired to Paris and wns
elected member of the French Institute series oe
brilliant discoveries in astronomy and other branches o
science marked his in that celebrated national tn
sttuton Among these may be mentioned his determine
ton OF the dameters of planets afterwards adopted by
apace the discovery of coored polarization and that az
magnetism by rotation which gained for him the Copsx
medal of the Royal Society of Great Britain he has slso
contributed to various scientific periodicals a lsrxs
number of important papers, the results of his
researches and scientific Investigations His boQranh
al sketches of men of science well known to many
readers and his treatises astronomy are valuable con-
trbutions to the cause of learning and science For
many he At the head of the Paris Observatory
and directed all the operations which have given celebrity
to that institution in the annals of astronomical science
Arago member of every great scientific society in
Europe He several times visited England and Scotland
received the honorary citizenship Edinburg and Gss-
cow He much distinguished in literature and
tory science The oges which In his capacity OF Sea-
retay to the Academy of Sciences it his duty to
pose upon the decease of its MEMBERS have considerably
elevated that species Of writing and his lectures
tronomy failed to gather around him overfowinS
uditorics
The versatility of his talents and genius caused Araxo
for time to enter the field of politics Accordingly No
find him taking active part in the revolution Of July,
$780, which drove Charles X into exile and placed Louis
Philippe the throne of France. Arago democratic
in his feelings, and would have preferred republic to
the monarchy, under the house of Orleans. He after
wards elected to the Chamber Of Deputies from the
department of the Pyrenees Orenaes, and voted with
the extreme left Although active in politics, the aror
of his scientific and literary pursuits abated.
When IAmarne formed his provisional government at
the Revolution of 1s4s Arago placed the list Of
his colleagues and jealous for the establishment Of
republican government. During the brief administrators
the provisional government Arago enjoyed opportu
nifty Of assisting to apply principles for which he had
| during life time, contended and suffered. An
Minister of Marine he succeeded in obtaining the adhs-
sion Of the whole Of that important service the Rspub
c and ably dscharging the duties Of his Office proved
fha hsda