Frederick Ayer

Frederick Ayer (December 8, 1822 – March 14, 1918) was an American businessman and the younger brother of patent medicine tycoon Dr. James Cook Ayer. Early life Ayer was born on December 8, 1822 in Ledyard, Connecticut and was the son of Frederick Ayer (1792–1825) and Persis Herrick ( Cook) Ayer (1786–1880). His nephew, J.C. Ayer's son, was also Frederick Ayer. Frederick Fanning Ayer, born in 1851, became a lawyer and philanthropist, and was director or stockholder of many corporations. Career Ayer was involved in the patent medicine business, but is better known for his work in the textile industry. After buying the Tremont and Suffolk mills in Lowell, Massachusetts, he bought up many textile operations in nearby Lawrence, combining them in 1899 into the American Woolen Company, of which he was the first president. He was involved in other businesses of the time as well, such as being the co-founder of the Arctic Coal Company.