page_title: Dudley Leavitt Pickman
section_title: Later career
hierarchical_section_title: Dudley Leavitt Pickman / Later career
caption_attribution_description: English: The tall ship Friendship, a replica of an 18th century East Indiaman that was captured by the British in 1812. She is docked in Salem Harbor off Derby Street, across from the Customs House.
context_page_description: Dudley Leavitt Pickman was a Salem, Massachusetts, merchant who built one of the great Salem trading firms during the seaport's ascendancy as a trading power in the late eighteenth and early nineteenth centuries. Pickman was a partner in the firm Devereux, Pickman & Silsbee and a state senator. Among the wealthiest Salem merchants of his day, Pickman used his own clipper ships to trade with the Far East in an array of goods ranging from indigo and coffee to pepper and spices, and was one of the state's earliest financiers, backing everything from cotton and woolen mills to railroads to water-generated power plants. Pickman also helped found what is today's Peabody Essex Museum.
context_section_description: Pickman soon founded his own trading firm. He and his partners owned an array of clipper ships including the brig Endeavor, the Malay, the Borneo, the Belisarius, the Herald, the Coromandel, the Persia, the Friendship and others. The ships traded with India, Zanzibar, Madagascar, Sumatra, Java, the Philippines, Malaya and other far-flung trading ports.
  Initially a partner of the Salem trading firm of Stone, Silsbees, Pickman & Allen, Pickman later became one of two partners of the firm of Silsbee & Pickman, one of the largest Salem trading houses, operated by Nathaniel Silsbee and Pickman. Pickman made much of his early fortune from trade with India. He later helped finance some Indian factories as an owner. His firm was so influential that was known in Salem as "The Old East-India Company."
  As Pickman's business investments took off, he became an active financier, and owned interests in emerging industries across New England. He was a founding investor in the companies that developed the water power and owned much of the real estate in Lowell, Manchester and Lawrence. He was also a large stockholder in many cotton and woolen mills in Massachusetts and New Hampshire, and was a large investor in many early railroad companies. In 1818, Pickman purchased 50 shares of the Suffolk Bank, a clearinghouse bank on State Street in Boston.
  Pickman was an active merchant, writing to politicians such as Henry Clay to promote his mercantile interests and arguing for the need for protective tariffs. Pickman also frequently corresponded with other powerful merchants and statesmen such as Paine Wingate  and Samuel Curwen.
  Pickman was heavily involved in nearly all aspects of Salem's municipal and business life. He served with Leverett Saltonstall and Nathaniel Bowditch as trustees of the estate of Simon Forrester. A ship captain born in Ireland, Forrester had become one of the pioneers of Salem merchant shipping and became one of Salem's leading merchants and philanthropists.
  The large brick mansion built for Pickman by architect Jabez Smith in 1819 at the corner of Chestnut and Pickering Streets in Salem was later known as the Shreve-Little House (and later still as the Baldwin-Lyman House). Pickman married on September 6, 1810, Catherine Saunders, daughter of Salem merchant Thomas Saunders and his wife Elizabeth (Elkins) Saunders.
  Dudley Leavitt Pickman was a longtime member of Salem's old North Church. His portrait is owned by the Peabody Essex Museum, where it forms part of a collection of the founders of Salem's East India Marine Society in 1799. In the Massachusetts Historical Society is a copy of William Shakespeare's Twelfth Night from the library of Dudley Pickman Leavitt – a copy of the first publication in America of the English playwright's work.
caption: Friendship of Salem – replica of early East Indiaman owned by Dudley Leavitt Pickman and partners
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