Henry Pomeroy Davison

Henry Davison

Henry Pomeroy Davison (June 12, 1867 – May 6, 1922) was an American banker and philanthropist, best known for his role in the establishment of the American Red Cross during World War I. He was a senior partner at J.P. Morgan & Co. and played a significant role in the financial world of the early 20th century.

Early Life and Education

Henry Pomeroy Davison was born in Troy, Pennsylvania, to George B. Davison and Henrietta Pomeroy. He attended the Trinity School in New York City and later graduated from Wesleyan University in 1887.

Career

After completing his education, Davison began his career in banking at the Astor Place Bank in New York. He quickly rose through the ranks and joined J.P. Morgan & Co. in 1903. By 1909, he had become a senior partner at the firm. Davison was instrumental in organizing the National City Bank and played a key role in the Federal Reserve Act of 1913.

World War I and the American Red Cross

During World War I, Davison was appointed by President Woodrow Wilson to head the War Council of the American Red Cross. Under his leadership, the organization expanded significantly, providing crucial support to soldiers and civilians affected by the war. Davison's efforts helped to raise millions of dollars for the Red Cross and established its reputation as a leading humanitarian organization.

Personal Life

Henry Pomeroy Davison married Kate Trubee in 1893, and they had four children: Alice, Henry Jr., Frederick, and Trubee. The family was known for their philanthropic activities and contributions to various social causes.

Death and Legacy

Henry Pomeroy Davison died on May 6, 1922, in Locust Valley, New York. His legacy lives on through his contributions to the banking industry and his pivotal role in the development of the American Red Cross.

Related Pages

• J.P. Morgan & Co.
• American Red Cross
• Federal Reserve Act
• World War I
• Woodrow Wilson