Samuel Sloan (railroad executive) facts for kids
Quick facts for kids
Samuel Sloan
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Early 20th century Crosshatch Portrait.
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| Born | December 25, 1817 Sloan of Lisburn, County Down, Ireland
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| Died | September 22, 1907 (aged 89) |
| Occupation | Importer, Senator, Railroad Executive |
| Spouse(s) | Margaret Elmendorf |
| Parent(s) | William Sloan and Elizabeth Simpson |
Samuel Sloan (December 25, 1817 – September 22, 1907) was an American politician, businessman and executive. He is most known for his tenure as the president of the Delaware, Lackawanna & Western Railroad (DL&W) for 32 years.
Contents
Early life
Samuel Sloan was born in Lisburn, County Down, Ireland to William and Elizabeth Sloan and moved to New York when he was one year old. He attended the Columbia College Preparatory school until he was 14, at the time of his father's death. After withdrawing, he became employed at an importing house in New York, eventually becoming the head of the firm.
On April 8, 1844, Sloan married Margaret Elmendorf in New Brunswick, New Jersey, and moved to Brooklyn, New York. They had eleven children.
Career
Sloan was elected as a Supervisor in Kings County (Brooklyn) in 1852, and was president of the Long Island College Hospital. He became a director of the Hudson River Railroad in 1855, left the importing business in 1857 and was elected to the New York State Senate, where he served for two years.
He became a director of the Delaware, Lackawanna & Western Railroad in 1864, and became its president in 1867. Prior to accepting the DL&W Presidency, Sloan had declined an offer to become President of the New York and Harlem Railroad. He extended the DL&W rail lines, and the company achieved great success, in part due to the traffic generated for transport of anthracite coal mined in the railway's expanded territory. Passenger traffic also increased, particularly between New York City and the Pocono Mountains in Pennsylvania, a popular resort area.
Sloan resigned from the DL&W presidency in 1899, but continued as Chairman of the Board. He served on the boards of banks, utilities and other companies.
Death
Samuel Sloan died in Garrison, New York, in 1907 at the age of 89, having been the president of seventeen corporations during his lifetime.
Legacy
Samuel Sloan is the eponym of the city of Sloan, Iowa and the village of Sloan, New York.
Statue
A statue memorializing Sloan was placed in Hoboken, New Jersey, originally facing the ferries in 1899. Some people criticized the statue's orientation, and the Mayor of Hoboken remarked that Sloan was "turning his back on the great city of Hoboken." On August 3, 1908, during the reconstruction of Hoboken Terminal, the statue was set facing both the town and the railroad and ferry stations.
The inscription reads:
1817–1907
FOR THIRTY-TWO YEARS PRESIDENT
OF THE DELAWARE, LACKAWANA &
WESTERN RAILROAD COMPANY
1867–1899
