Colgate Hoyt

Colgate Hoyt (March 2, 1849 – January 30, 1922) was an American businessman active in the late nineteenth century. Early life Hoyt was born on March 2, 1849, in Cleveland, Ohio. He was one of six children born to Mary Ella (née Beebe) Hoyt (1814–1890) and Dr. James Madison Hoyt (1815–1895), a Baptist minister, lawyer, businessman and author. Among his siblings was Wayland Hoyt, who was also a Baptist minister and author. He was a descendant of Simon Hoyt, who landed in Massachusetts in 1628 and settled in Windsor, Connecticut, and Walker Hoyt, who was one of the first settlers of Norwalk. Hoyt attended public schools in Cleveland before attending the Phillips Academy in Andover, Massachusetts. He abandoned school due to his father's ill health, going into this father's law offices, before entering real estate. Career In 1881 he came to New York and became affiliated with James B. Colgate & Co. (James Boorman Colgate was his uncle by marriage) For many years thereafter, he was a prominent financier in New York on Wall Street who specialized in railroad transportation. He later became a partner of Colgate, Hoyt & Co. in which he was active in the organization and finance of many businesses.