Overview
William Henry Gorman (August 29, 1843 – July 7, 1915) was a co-founder of the Citizens Bank of Maryland. Born and raised in the Baltimore area, he was the younger brother of Arthur Pue Gorman, an influential political leader. William was a successful businessman, leading and investing in various financial institutions and public utility companies in Maryland, as well as a coal company and railroad in West Virginia.
Early life
He was born in Woodstock, Maryland. William Gorman was the younger brother of Arthur Pue Gorman, an influential political leader who served in the Maryland House of Delegates, then the State Senate, and was elected by the General Assembly (state legislature) to several terms in the United States Senate. William was raised at a farmstead called "Good Fellowship" – dating back to the original land grant by the Lord Baltimore, Cecilius Calvert, 2nd Baron Baltimore (1605–1675), as Lord Proprietor of the colony and Province of Maryland) – as well as a family home in Laurel, Maryland. He went to school at Borromeo College in Pikesville, Maryland, northwest of Baltimore in Baltimore County; the college was Roman Catholic in affiliation and existed from 1860 to 1872.
Career
In 1866, Gorman served as the deputy revenue collector alongside his brother. In 1871 in the state capital of Annapolis, Maryland, he founded the Maryland and City Hotel, advertised in 1876 as a summer resort. In 1874, he also co-founded the Annapolis Savings Institution, the Annapolis Water Company, and the Annapolis Gas and Electric Light Company. While Gorman was its president, the publicly held water company issued 6-percent annual dividends in the early 1880s.
In 1875, Gorman declined for personal reasons an opportunity to serve as a Democratic candidate for alderman of Annapolis.
From Wikipedia (CC BY-SA 4.0).