Walter Loomis Newberry

Walter Loomis Newberry (September 18, 1804 – November 6, 1868) was the son of Amasa and Ruth (Warner) Newberry. He was an American businessman and philanthropist, whose will provided for the creation of the Newberry Library in Chicago, Illinois. Career Newberry received an appointment to the United States Military Academy, but had to decline for health reasons. In 1822, Newberry and his brother Oliver went into the shipping business in Buffalo, New York. They moved to Detroit, Michigan in 1826 and founded a successful dry goods company. Newberry joined a syndicate that included William Astor and Lewis Cass, investing in real estate in what would become Chicago, Milwaukee, and Green Bay; he moved to Chicago in 1833 and continued to prosper in banking and real estate. He became President of the Galena and Chicago Union Railroad, the first railroad built from Chicago. From 1851 to 1853 he served as an Alderman on the Chicago Common Council from the 9th Ward. From 1859 through 1863, he served on the Chicago Board of Education. In 1863, he served as president of the Chicago Board of Education.