Anson Green Phelps

At 72 years old, Anson Green Phelps physical status not available right now. We will update Anson Green Phelps's height, weight, eye color, hair color, build, and measurements.

After moving to Hartford, Phelps began manufacturing saddles and shipping them to the South. His business grew rapidly. He had a large brick building constructed on North Main street, which became known as the "Phelps Block." In 1812 he moved to New York City and began doing business with Elisha Peck under the firm name of Phelps, Peck & Co. in the United States. In Liverpool, England, where Peck managed it, the firm was known as Peck, Phelps & Co. They dealt in metal imports from England including tin, tin plate, iron, and brass; and exported cotton from the South to the textile mills in England. Such cotton trade was highly important to England and contributed to its considering support for the Confederacy during the American Civil War.

Fellow businessman Sheldon Smith persuaded Phelps to invest in the growing town of Derby, Connecticut, in an area that came to be known as Birmingham. Unable to grow his business farther north, Phelps selected a location on the east bank of the Naugatuck River in what is now downtown Ansonia. Ansonia was first settled in 1652 and named in honor of Anson Phelps. The state chartered Ansonia as a borough of Derby in 1864, and later as a separate town in 1889. In 1893, Ansonia incorporated as a city, consolidating with the boundaries of the town.

Phelps' business continued to prosper and he accumulated a large fortune. His original partnership with Peck was dissolved in 1832 following the destruction of their New York warehouse (4 May 1832) due to structural failure. Phelps and his son narrowly escaped, but among the dead was Josiah Stokes, a senior clerk who was betrothed to Phelps daughter, Caroline.

This was a terrible blow to Phelps and his family. He reorganized the business, forming the Phelps Dodge Company in 1833 with his sons-in-law William Earl Dodge and Daniel James as partners. The two of them operated the firm's functions in Liverpool, England. In 1839 Phelps made his son Anson G. Phelps, Jr. a partner, with a one-eighth share of the business.

Caroline Phelps eventually married James Boulter Stokes, brother of the dead Josiah. He became the third son-in-law of Phelps to join Phelps, Dodge & Co. as a partner. Stokes was wealthy in his own right. During the 1837 financial crisis, he helped the Phelps, Dodge partnership through a difficult time with a loan.

Phelps' business interests included banking, property, mining, ironworks, shipping, railroads and timber. After the split with Peck, some of these interests were divided between the two men. Others remained in joint partnership, including the New York property portfolio and shipping. Peck, who took over the rolling mill at Haverstraw, would continue to purchase raw materials from Phelps.

Source