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      Henry Baldwin Hyde (February 15, 1834–May 2, 1899) was an American businessman. He is notable for having founded The Equitable Life Assurance Society of the United States in 1859. By the time of Hyde's death, The Equitable was the largest life insurance company in the world.


      Early life


      Hyde was born in Catskill, New York on February 15, 1834, the son of Henry Hazen Hyde, a successful merchant, and Lucy Baldwin (née Beach) Hyde. He attended the public schools of Catskill, and when he was 16 his teacher decided to move to New York City to join the growing life insurance industry. The teacher persuaded both Hydes to join him, and all three became agents for the Mutual Life Insurance Company of New York.


      Career


      The younger Hyde worked for several months in Honesdale, Pennsylvania before deciding to return to New York City, where he became a clerk for Merritt, Ely & Company, a dry goods import and wholesale company. He remained there for two years, and then returned to Mutual Life, where his father had recently been appointed to the executive ranks and a place on the board of directors. Hyde rose through the home office staff to become the company's cashier.


      = Equitable Life

      =
      In March 1859, Hyde left Mutual Life and established his own company, Equitable Life Assurance Society of the United States. William C. Alexander initially served as president, and Hyde was vice president and general manager. Hyde succeeded to the presidency after Alexander's death in 1874, and remained in the position until his death.
      He led the company to construct the Equitable Life Assurance Building for its headquarters, completed on May 1, 1870, and pushed to have the first passenger elevators installed in what was then the tallest office building in the United States.


      Personal life


      In 1864, he was married to Annie Fitch, a daughter of Capt. Martin Halenbeck Truesdell and Jane Maria (née Reed) Fitch. Together, they were the parents of:

      Anna Baldwin Hyde (1865–1865), who died in infancy.
      Mary Baldwin Hyde (1866–1938), who married Sidney Dillon Ripley in 1886. After his death in 1905, she married banker Charles R. Scott in 1912.
      Henry Baldwin Hyde (1872–1880), who died in childhood.
      James Hazen Hyde (1876—1959), who married Marthe Leishman (1882–1944), a daughter of John George Alexander Leishman and the widow of Count Louis de Gontaut-Biron.
      He was a founding member of the Jekyll Island Club aka The Millionaires Club.
      Hyde died at his home in New York City on May 2, 1899. His widow died in 1922.


      = Legacy

      =
      Hyde sought to guarantee that his son James Hazen Hyde would continue the family’s control of the company after his death. The younger Hyde was appointed a vice president of the company at 22, and was 23 when he inherited a majority interest in the company. By the terms of his father's will, he was scheduled to assume the company presidency in 1906, but a concerted effort against him by the current president and several members of the board of directors led James H. Hyde to leave the company and move to France.
      Through his son, he was a grandfather of Henry Baldwin Hyde (1915–1997), who married Marie de La Grange, a daughter of Baron Amaury De La Grange and Emily Eleanor, Baroness De La Grange (daughter of Henry T. Sloane), in 1941. Marie's brother was Henry-Louis de La Grange, a musicologist and biographer of Gustav Mahler.


      References




      Further reading


      Henry Baldwin Hyde, prepared under supervision of J. W. Alexander, J. H. Hyde, and Wm. Alexander (1901)
      The Proc. at the Convention to Commemorate the Fortieth Anniversary of the Equitable Life Assurance Soc. (1899?)
      The First Fifty Years of the Equitable Life Assurance Soc. (1909)
      Mark Sullivan, Our Times, III (1930)
      Investigations of 1877 in Docs. of the Assembly of the State of N. Y., 1877 (1877), nos. 93, 103
      Report of the committee in 1905-06, Ibid., 1906 (1906), no. 41, pp. 90–150
      Testimony : taken before the Joint Committee of the Senate and Assembly of the State of New York to Investigate and Examine into the Business and Affairs of Life Insurance Companies Doing Business in the State of New York (10 vols. and index, 1905–06)
      R. H. Walworth, Hyde Geneal. (1864), vol. I
      World (N. Y.), May 3, 1899.

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    Henry Baldwin Hyde - Wikipedia

    Henry Baldwin Hyde (February 15, 1834–May 2, 1899) [1] was an American businessman. He is notable for having founded The Equitable Life Assurance Society of the United States in 1859. By the time of Hyde's death, The Equitable was the largest life insurance company in the world.

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    Henry Baldwin Hyde (born Feb. 15, 1834, Catskill, N.Y., U.S.—died May 2, 1899, New York City) was an American capitalist who was the founder of the Equitable Life Assurance Society. In 1852 Hyde became a clerk at the Mutual Life Insurance Co. and, in the next seven years, learned the business, advancing to the post of cashier.

    Henry Baldwin Hyde (1915-1997) - Find a Grave Memorial

    Apr 5, 1997 · Henry Baldwin Hyde, a New York lawyer and onetime American spymaster who helped pave the way for the Allied landings in France, died on Saturday at his home on the Upper East Side of Manhattan. He was 82.

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    Henry Baldwin Hyde (February 15, 1834 — March 2, 1899), …

    Henry Baldwin Hyde,, founded The Equitable Life Assurance Society of the United States in 1859. Hyde, Henry Baldwin was born on February 15, 1834 in Catskill, New York, United States. Son of Henry Hazen and Lucy Baldwin (Beach) Hyde.

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    Sep 5, 2008 · Hyde, Henry Baldwin, 1834-1899 Publisher New York, Printed at the De Vinne Press Collection americana Book from the collections of Harvard University Language English

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    Oct 11, 2024 · Henry Baldwin Hyde, (February 15, 1834–May 2, 1899) was an American businessman. He is notable for having founded The Equitable Life Assurance Society of the United States in 1859. By the time of Hyde's death, The Equitable was the largest life insurance company in the world.

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    Monsieur Henri Henry Baldwin and Annie Fitch Hyde, Sr.’s daughter Mary married Equitable’s treasurer Sidney Dillon Ripley, Sr. and resided with him at their forty-eight-room mansion The Crossways on Fulton Avenue in Uniondale, directly opposite what is now Hofstra University.

    Henry Baldwin Hyde : a biographical sketch : Equitable Life …

    Hyde, Henry Baldwin, 1834-1899 Publisher New York : Printed at the De Vinne press Collection cdl; americana Contributor University of California Libraries Language English Item Size 325.9M