Peter Chardon Brooks (1767 - 1849)

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Birthplace: North Yarmouth, ME
Death: Died in Medford, Middlesex, MA, USA
Occupation: Wealthy Merchant
Managed by: Lori Wilke
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About Peter Chardon Brooks

Bio Wikipedia

Peter Chardon Brooks: (January 6, 1767 – January 1, 1849) was a wealthy Massachusetts merchant born in North Yarmouth, Maine. His father, the Rev. Edward Brooks, moved to Medford, Massachusetts, his native town, in 1769, and here the boyhood of young Brooks was passed in farm work. After his father's death, in 1781, he was apprenticed to a trade in Boston, walking to the City, seven miles distant, every day.

In 1789 he engaged in the business of marine insurance, and accumulated a large fortune. He kept with his own hand very accurate accounts, a rare thing in those days, and made it a rule never to borrow money, never to engage in speculation of any kind, and never to take more than the legal rate of interest. He retired from business in 1803, and, until 1806, devoted himself to the settlement of all the risks in which he was interested.

He then accepted the presidency of the New England Insurance Company, the first chartered company of the kind in the state, and filled the office for several years. In his retirement at Medford he took special pleasure in the cultivation of trees, planting many thousands of them about his farm. He was at different times a member of both branches of the legislature, of the first Boston City Council, and of the Massachusetts Constitutional Convention of 1820.

While in the legislature he took a prominent part in suppressing lotteries, which at that time were flourishing in the state. Mr. Brooks gave liberally, and without parade, to many benevolent objects, and, besides this, his private donations for many years exceeded his domestic expenses.

Brooks died January 1, 1849, in Boston Massachusetts bequeathing what was supposed to be the largest estate in Boston, about two million dollars, to his seven surviving children: four sons -- Edward, Peter Chardon, Gorham, and Sydney; three daughters -- Charlotte, married to Edward Everett; Ann, married to Nathaniel Frothingham, minister of the First Church; and Abigail Brown, born April 25, 1808, married September 3, 1829, to Charles Francis Adams, a year older than herself.

He was the grandfather of historians Peter Chardon Brooks Adams and Henry Adams.

The town of Chardon, Ohio is named for him.

He is considered to have been one of the 100 wealthiest Americans, having left an enormous fortune.

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Hon. Peter Chardon Brooks's Timeline

January 6, 1767
North Yarmouth, ME
November 26, 1792
Age 25
Boston, Suffolk, Massachusetts, USA
December 22, 1793
Age 26
Medford, MA, USA
February 10, 1795
Age 28
Medford, MA, USA
July 4, 1796
Age 29
Medford, Middlesex, MA, USA
February 19, 1797
Age 30
Medford, MA, USA
August 26, 1798
Age 31
Medford, MA, USA
October 7, 1799
Age 32
Medford, MA, USA
November 4, 1800
Age 33
Medford, MA, USA
April 21, 1804
Age 37
Medford, MA, USA