|Name||Nelson W. Aldrich|
Providence, Rhode Island , United States
|| November 06, 1841
|Died||April 16, 1915
Sep 08, 2016 02:29am
|Info||Nelson Wilmarth Aldrich (November 6, 1841 – April 16, 1915) was a prominent American politician and leader of the Republican Party in the Senate from 1881 to 1911. |
Because of his impact on national politics and central position on the pivotal Senate Finance Committee, he was referred to by the press and public alike as the "General Manager of the Nation", dominating all tariff and monetary policies in the first decade of the 20th century. In a career that spanned three decades, Aldrich helped to create an extensive system of tariffs that protected American factories and farms from foreign competition. He rebuilt the American financial system along Progressive lines through the institution of the the federal income tax amendment and the Federal Reserve System. He did so in the belief that it would lead to greater efficiency. Aldrich became wealthy with investments in street railroads, sugar, rubber and banking. His daughter married the only son of John D. Rockefeller.
ALDRICH, Nelson Wilmarth, (father of Richard Steere Aldrich, cousin of William Aldrich, grandfather of Nelson Aldrich Rockefeller, and great-grandfather of John Davison Rockefeller), a Representative and a Senator from Rhode Island; born in Foster, R.I., November 6, 1841; attended the public schools of East Killingly, Conn., and the Academy of East Greenwich, R.I.; entered the wholesale grocery business in Providence; during the Civil War enlisted as a private in Company D, First Regiment, Rhode Island National Guard, in 1862; member of the city council 1869-1874, serving as president in 1872 and 1873; member of the State house of representatives in 1875 and 1876, elected speaker in 1876; elected as a Republican to the Forty-sixth and Forty-seventh Congresses and served from March 4, 1879, to October 4, 1881, when he resigned to become Senator; elected as a Republican to the United States Senate to fill the vacancy caused by the death of Ambrose E. Burnside; reelected in 1886, 1892, 1898, and 1904, and served from October 5, 1881, to March 3, 1911; was not a candidate for reelection in 1911; chairman, Committee on Transportation Routes to the Seaboard (Forty-eighth and Forty-ninth Congresses), Committee on Rules (Fiftieth through Fifty-second, Fifty-fourth and Fifty-fifth Congresses), Select Committee on Corporations Organized in the District of Columbia (Fifty-third Congress), Committee on Finance (Fifty-fifth through Sixty-first Congresses); chairman, National Monetary Commission (1908-1912); retired to Providence, R.I.; died in New York City, April 16, 1915; interment in Swan Point Cemetery, Providence, R.I.