The New York herald., 1922-01-31
Colgate Hoyt, ~,
YachtSman and
Financier, Dies
Had Career of Forty Years
Here, Coming From
Cleveland.

op'rNt fItoputcb 10 LIE NEW ioak lifAALD'
OYSTER BAY. L. l., Jan. 30.--Colgate
Hoyt, senior member of the Stock Ex-
change house OF Colgate Hoyt & Co. at
IL Wall street died early yesterday in
his home at Center Island of a compli-
cation. of ailments from which he suf-
fered since New Years Day. !-c was In
his 73d year.
For forty years Mr.. Hoyt had been
In the forefront OF financial affairs in
New York. He attained eminence in
trade and was well known nationally as
a keen yachtsman-
He was born in Cleveland, Ohio,
March 2. 1S49. and was educated In the
public schools there and at Phillips
Academy. Andover. Mass. His father,
James VI. Hoyt, noted lawyer of Cleve-
land. had planned a. college course for
his SON. but poor eyesight prevented and
the young man returned to Cleveland
to engage in business. In October, 1873.
he married Miss Ida Sherman Of Cleve-
land and eight years later began his
Wall Street career.
Soon after coming to New York Mr..
Hoyt became director Of the Union
Pacific Railway. resigning in 1884 when
Charles +. Adams became president.
Subsequently he became a director of
the Oregon and TranscontinentaI. and
~.
was director of the Oregon Railway
and Navigation Company and of the
Northern Pacific Railroad, and was vice
president OF the Duluth and Manitoba
Railroad. In 1884, Mr.. Hoyt became in
terested in the Wisconsin Central Rail-
road and was a trustee. He was a vice.
president Of the North American Com
pany until 1889, and In that year was
made member OF the reorganizad COM
mittee Of the Missouri, Kansas and
Texas Railway. and later vice-president.
At tss time of his death he was vice.
president Of the st. Joseph, South Bend
and Southern Railroad Company and a
director OF the Brooklyn Rapid Transit
Company and other corporations.
Mr.. Hoyt was a member of the Union
League, Metropolitan and Riding clubs.
He was a former president Of the Auto
mobile Club Of America and was a mem
ber Of the SeawanhalSa- Corinthian and
New York Yacht clubs and Of the Sleepy
Hollow and Piping Rock Country clubs.
He was also a member and former pres
ident of the Ohio Society of New York.
Miss Sherman. whom Mr.. Hoyt mar
ried in 1879 was a daughter of Judge
Charles r. Sherman and niece of Gen.
w. T. Sherman and Senator John Sher-
man. She died in 1908. -Four of five
children Of this marriage are living.
They are Charles Sherman Hoyt. Miss
Anne Sherman Hoyt. Colgate Hoyt. Jr..
and Miss Elizabeth Sherman Hoyt of
New York. In 1912 Mr.. Hoyt married
Mrs. Katherine Sharp Cheesman OF New
York. who survives him.
A funeral service will be held at the
Hoyt residence tomorrow forenoon at
IL o'clock. Special cars will be attached
t. train leaving the Pennsylvania Sta
tjcn. Manhattan, at 9 o'clock. The SER
Vice viii be conducted by the Rev. DR..
Woelfkin. pastor of the Fifth Avenue
Baptist Church. The pail bearers will
be Ebert III. Gary. Charles M. Schwab.
Falph Peters, f. D. Underwood, John
u. Rockefeller. Jr., DIR. Walter Lambert.
Austin p. Fletcher. George Bullock, w.
H Nichols. Jr.. Franklin Remington,
Nicholas F. Brady, l.. r. Lemoine and
DR.. Leland Il. Cofer. On Thursday the
body will be taken to Cleveland. where
the burial service will be conducted by
E,ahon I,eonard