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Several founders and early supporters of the Boston Athenæum were indeed involved in the Old China Trade, a lucrative commerce between the United States and China that spanned the late 18th to mid-19th centuries. The trade centered around goods such as tea, silk, porcelain, and spices, with many Boston merchants amassing considerable wealth through these ventures. Some of these wealthy merchants and families later channeled their fortunes into cultural and intellectual institutions like the Boston Athenæum.
Here are some key figures associated with the Boston Athenæum who made their fortunes in the China Trade:
1. Thomas Handasyd Perkins
- Thomas H. Perkins was one of Boston’s most successful merchants and a key figure in the Old China Trade. He made much of his fortune through trade with China, particularly in tea, silk, and other luxury goods, and later became a prominent philanthropist.
- Perkins was instrumental in the early development of the Boston Athenæum. He donated books and funds and was one of the institution’s major benefactors. His financial success from the China trade enabled him to support many cultural, educational, and charitable endeavors in Boston.
2. John Perkins Cushing
- John Perkins Cushing, a nephew of Thomas H. Perkins, also made his fortune in the China Trade. He was a merchant who spent significant time in Canton (Guangzhou), China, and was one of the wealthiest men in Boston by the time he returned to the U.S.
- Cushing was a notable patron of the arts and a supporter of Boston’s intellectual institutions, including the Boston Athenæum.
3. Russell Sturgis
- A partner in Russell & Company, which became one of the leading American firms in the China Trade, Sturgis also amassed a significant fortune from the trade in tea, opium, and other goods.
- Like other wealthy Boston merchants, Sturgis was involved in supporting Boston’s cultural and intellectual institutions, although his direct connection to the Athenæum was less prominent than that of Perkins.
4. Robert Bennet Forbes
- Robert Bennet Forbes was another member of the Boston China trade elite. He came from a family deeply involved in the trade, and his wealth came primarily from tea, silk, and opium trade with China.
- Although Forbes is more commonly associated with maritime history and philanthropy, his family’s wealth contributed to the cultural development of Boston, including institutions like the Athenæum.
5. Nathaniel Bowditch
- Although Bowditch is best known for his work in mathematics and astronomy, he was also a merchant with some connections to the China Trade. His wealth and influence came from his mathematical navigation work, which was crucial for sailors, including those involved in the China Trade.
- Bowditch was a key figure in the founding of the Boston Athenæum and served as its first librarian.
6. Stephen Higginson
- Stephen Higginson, a prominent Boston merchant and statesman, was involved in trade ventures with China and the East Indies. While his primary wealth came from his role in shipping and international trade, he was also a key supporter of the Boston Athenæum.
Impact of the China Trade on the Boston Athenæum:
The fortunes amassed by these merchants through the Old China Trade were channeled into philanthropic efforts that helped establish and sustain important cultural and intellectual institutions in Boston. The Boston Athenæum benefited from this wealth, as these merchants donated books, art, and financial support to enrich its collections and ensure its growth as a center of learning and culture. Their legacy is reflected in the continued influence of the Athenæum on Boston's cultural and intellectual life.