New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-05-03
DEATH OF BENZ. B. SHERMAN.
A WELL-KNOwN BUSINESS MAN PASSES
AWAY SUDDENLY.


Benjamin Borden Sherman, formerly president
OF the Mechanics National Bank and vicepres-
dent of the Central Trust Company his home. No.
10 West Twenteth-st last evening He had stroke Of
apopexy in December 1881, and another ia the follow
ing June. Then he retired from active con-
nection with the bank and trust company
although he remained director OF both. well
OF the Blocker Street Bank, the Merchants
National Bank, and of the Mutual
Trust Company His health never restored
after the attack of apoplexy. and he
suffered from epilepsy. Recently he had been
fairly well Yesterday morning he went downtown
and attended to some business. He returned
and his midday dinner lay down for nap. He
attacked with vomiting and sank into state Of
stupor From this he did not and died OF $50
He leaves q widow, four sons and one daughter.
Mr.. Sherman was born in Shrew sburytown, Monmouth
County N. j., November 8, 1910. Thomas Sherman mis-
grandfather, was one OF three brothers who left
Connecticut establish themselves in New-Jersey He
married Mary Van Note. descendant OF Anneke Jams
His son Thomas married Sarah Cook, descendant
mothers side the Borden family whose fathers
farm Pleasant adoned that Of the elder Sherman
About year after Benjamin BIS birth his parents 70
moved to EatODtown, where his boyhOod spent He
brought up in the Quaker faith He attended the
Quaker school Academy Hill near the town, and at
the age of thirteen began the study of the
classics under Professor Alpheus Bixby, of Will
Jams College. This intended n preparation for
the profession Of medicine which his parents designed
him study under DR.. Cook of Bordentown. But the
failure Of Mr. shermans health led the abandonment
OF this PLAN At the age sixteen he became clerk in
a country store kept by Robert Wardell at Eaton
town. Here he remained two years,
meantime reganlng his health, while he
evinced decided aptness for mercantile affairs
In 1925 when eighteen years old, Mr. Sherman came
to NewYork and found employment as clerk with
Charles owen Warde brothers of his former employer
who wholesale grOcers at Nos As and AZ FrOntst
years later he eentered the employ OF Robert War
dell who had formed partnership with c. McCOon at
No so Front-st. In 1913 Mr.. warde withdrew to form
n partnership with his brother and Mr.. McCOon took
young sherman into business with him. The firm of Nc
Coon sherman established az No 81 Front-st and
in si2 George a. Collins admitted to partnership.
In Is47 Mr.. McCoon retired end in 1851 MIR. Collins
also withdrew when Mr. Sherman three of his clerks
into partnership and the firm Of Sherm m Tallman Co.
formed In 1864. after an experience OF thrty-six
years In the Wholesale grocery business MrSherman with
drew with large fortune. He had gained high stand
among merchants for his honor ami integrity. which
were so unquestiOncd that he often called
upon to decide disputed matters and act referee.
But Mr.. Shernans services were TOO valuable ana ne
was naturally energetic ~ remain inactive. On
January 1868 he became treasurer of the New-York
Steam Sugar Refinery succeeding b. X McIl,
BEEN connected With he banking interests of the
city On september rs, 1876, he elected director
of the Merchants Bank and on May 27. 1859, he was
made vice president lie realized the Inconvenience
ard injustice Of the methods redeemins bills OF
state banks. and leader in the movement which
resulted tho establishment OF the Met
politan Bank IN ls5l' an institution institution
tile community by reducing the rate Of discount and IL
nally making 1t nominal Mr. sherman was a director
in this bank until 1853, when the demands OF his bust
ness compelled him resign But his best known labors
IN tho hanging business were in connection
ton he elected president January 1874.
succeeding shepherd KnapP ms bank which was
among the banks OF the city The charter was obtained
by the General Society Of Mechanics , ana
millions OF dollars, in shares OF 50 each.
Under Mr.. Shormahs management the prosperity which
the bank attained Ia the fullest extent under hs prde
cessor maintained and even Increased by hls pru'
dence and farsghtedness business affairs. In 1881
the Royal Insurance Company OF Liverpool established
branch olige in this city ana 81, Mr. ,.! saes-
lie prominent in the Organization Of the Central
Trust Company. OF NewiOrk, which was chartered IN
While Mr. sherman never entered actively into poli-
ties. ne endeavored to fulhl the duties OF pub
Rebellion broke out ho was an uncompronisns
portr of the Government aided actively the or
ganlaton Of the Union league CuD ana was one OF l
the Tweed RIns, MI sherman a
member the Committee OF Seventy. Soon after
lie was appointed 10y Governor DIX member 81 the
crafty his literary tastes and beney ORDINATIONS
through his connection with some of the LEADING nstu-
York Historical Society in 1850 and for many
years held the office OF treasurer He aided materially
promoting the best interests OF this institution lie was
one OF the founders of the Home for lncuraes az Ford
ham and served its vice president He also vice
president the Juvenile Asylum and director III the
Eve and Ear Inirnary and IN the Peabody Home.
Being brought mp the Quaker faith until 1923 lie had
never entered any place OF worship except Quaker
meeting house. But first coming to New-HOrk he
boarded with Mrs Onderonk sister to Bishop Onder
dohk and volunteering one morning To take the chill
drcn to sunday school he became visitor to ST. Paurs
Chulch. He afterward became member
OF the Episcopal Church. and subsequently one OF
the directors OF the Suuday-schOo of ST. Paul's.
When Grace Church was established ofTshoot from
Trinity he became a regular attendant. Subsequently
he was appointed Yestryman. In the northern wall
OF Grnce church elaborate stained glass memorial
window portrayng maternal affection and the triumph
rght Justice through the story of Joseph aud Ben
ann, which was presented tn the church by Mr.. and
Mrs sherman October -, 1881. IN memory OF their
three deceased children, George Collins. GeOrgiana,
aud Catherine Amelia MIR. Sherman was married M
January 1910, 70 CorDelia NJ. Lewis daughter OF DIR.
John f. Lewis OF EatoutOwn. They had eight children