Appleton's Cyclopedia of American Biography, edited by James
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PEARSONS, Daniel Kimball, benefactor, born in Bradford, Vermont, 14 April, 1820. He was graduated at the Medical college of Woodstock, Vermont, practised for some time at Chicopee, Massachusetts, and in 1857 removed to Ogle county, Illinois, where he became a farmer. From 1860 till 1877 he was a real estate and loan agent in Chicago. From 1877 till 1880 the treasury of the city of Chicago was in bad condition, and certificates of indebtedness were issued for the payment of city debts. During this crisis Dr. Pearsons entered the council as alderman. His integrity, financial ability, and positive assurance to capitalists in Chicago, New York, and elsewhere, that Chicago would pay all of its indebtedness, did much to restore confidence and relieve the embarrassment. Having accumulated a fortune, he retired from active business. During 1887 he gave away more than $150,000 for the advancement of Christianity, morality, and the relief of the suffering poor.
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