Virtual Museum of Art | Virtual Museum of History | Virtual Public Library | Virtual Science Center | Virtual Museum of Natural History | Virtual War Museum
   You are in: Museum of History >> Hall of North and South Americans >> Darius Ogden Mills

 

Appleton's Cyclopedia of American Biography, edited by James Grant Wilson, John Fiske and Stanley L. Klos. Six volumes, New York: D. Appleton and Company, 1887-1889 and 1999. Virtualology.com warns that these 19th Century biographies contain errors and bias. We rely on volunteers to edit the historic biographies on a continual basis. If you would like to edit this biography please submit a rewritten biography in text form . If acceptable, the new biography will be published above the 19th Century Appleton's Cyclopedia Biography citing the volunteer editor

 



Virtual American Biographies

Over 30,000 personalities with thousands of 19th Century illustrations, signatures, and exceptional life stories. Virtualology.com welcomes editing and additions to the biographies. To become this site's editor or a contributor Click Here or e-mail Virtualology here.



A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

 



Darius Ogden Mills

MILLS, Darius Ogden, banker, born in North Salem, Westchester County, New York, 5 September, 1825. His father died when he was sixteen, and, later investments having proved unfortunate, the lad was left without resources. He soon found a clerkship in New York, and at twenty-two became cashier and one-third owner of a small batik in Buffalo. Two years later he was one of the earliest victims of the gold fever, sailing for California in December, 1848. He soon began business in Sacramento, and the Gold bank of D. O. Mills and Co., then established, is still flourishing and still under his control--the oldest bank of unbroken credit in the state. He was immediately and conspicuously successful. The "luck of D. O. Mills" became a proverb, but it was attended with a reputation for judgment, rapid decision, boldness, and absolute integrity. He became largely interested in mines on the great Comstock lode, secured control of the Virginia and Truckee railroad leading to it, and of the immense forests about Lake Tahoe which supplied it, acquired a large share in the chief quicksilver-mines, and bought extensive ranches and other property, but dealt in everything on his principles as a banker, boldly, but rarely in a speculative way. In 1864 he founded the Bank of California, in San Francisco, heading the subscription for the capital and assuming the presidency. It became one of the best-known banks of the country, with the highest credit in the financial centres both of Europe and Asia. Desiring finally to retire from business, Mr. Mills resigned the presidency in 1873, leaving the bank with a capital of $5,000.000, large surplus, profitable business, first-rate organization, and unlimited credit. Two years later he was called back to find it with liabilities of $13,500,000 above its capital and surplus, with only $100,000 in its vaults, and with many doubtful assets. His old cashier, William C. Ralston, had been president meantime. He had lent Ralston the capital on which the latter began business in San Francisco, and had trusted him. Mr. Mills had resigned his directorship in the bank when retiring from its management, and finally had sold his stock; but Ralston, against his wishes, had continued to have him elected a director, buying enough of Mr. Mills's stock to qualify for a directorship, and keeping it in Mr. Mills's name, without his knowledge. Mr. Mills returned from Europe shortly before the crash, and was first appealed to by William Sharon to save Ralston's personal credit. He at once responded, loaning Mr. Ralston $400,000 that day, and $350,000 more within the week. It subsequently appeared that this money was used to take up fraudulent over-issues of the bank's stock. A few days later the bank failed, creating an excitement that convulsed the Pacific coast. Mr. Ralston committed suicide, and Mr. Mills was recalled to the presidency. He headed the new subscription with $1,000,000, raised nearly $7,000,000 more, and opened the doors of the bank one month and five days after they had been closed. He insisted on holding the presidency now without pay, and resigned peremptorily within three years, as soon as he felt that the bank was firmly reestablished. Afterward he uniformly refused the care of any business but his own. He gradually transferred heavy investments to the east, erected the largest office-building in New York, and finally returned to reside near his birthplace. He had been regent of the University of California, and when he resigned this place he gave an endowment of $75,000 to found the Mills professorship of moral and intellectual philosophy. About the same time he presented to the state the marble group "Columbus before Queen Isabella," by Larkin G. Meade, which now stands in the centre of the state-house rotunda at Sacramento. In New York he presented to the city a building on the Bellevue hospital grounds, costing $100,000, for the training of male nurses. He has been an active trustee of the Lick estate and Lick observatory in California, of the Metropolitan museum, of the Museum of natural history, and also of the American geographical society.

Edited Appletons Encyclopedia, Copyright © 2001 VirtualologyTM

Start your search on Darius Ogden Mills.


 

 

 



Unauthorized Site: This site and its contents are not affiliated, connected, associated with or authorized by the individual, family, friends, or trademarked entities utilizing any part or the subject's entire name. Any official or affiliated sites that are related to this subject will be hyper linked below upon submission and Evisum, Inc. review.

Copyright© 2000 by Evisum Inc.TM. All rights reserved.
Evisum Inc.TM Privacy Policy

Search:

About Us

 

 

Image Use

In this powerful, historic work, Stanley Yavneh Klos unfolds the complex 15-year U.S. Founding period revealing, for the first time, four distinctly different United American Republics.  This is history on a splendid scale -- a book about the not quite unified American Colonies and States that would eventually form a fourth republic, with only 11 states, the United States of America: We The People Click Here

 

Childhood & Family

Click Here

 

Historic Documents

Articles of Association

Articles of Confederation 1775

Articles of Confederation

Article the First

Coin Act

Declaration of Independence

Declaration of Independence

Emancipation Proclamation

Gettysburg Address

Monroe Doctrine

Northwest Ordinance

No Taxation Without Representation

Thanksgiving Proclamations

Mayflower Compact

Treaty of Paris 1763

Treaty of Paris 1783

Treaty of Versailles

United Nations Charter

United States In Congress Assembled

US Bill of Rights

United States Constitution

US Continental Congress

US Constitution of 1777

US Constitution of 1787

Virginia Declaration of Rights

 

Historic Events

Battle of New Orleans

Battle of Yorktown

Cabinet Room

Civil Rights Movement

Federalist Papers

Fort Duquesne

Fort Necessity

Fort Pitt

French and Indian War

Jumonville Glen

Manhattan Project

Stamp Act Congress

Underground Railroad

US Hospitality

US Presidency

Vietnam War

War of 1812

West Virginia Statehood

Woman Suffrage

World War I

World War II

 

Is it Real?



Declaration of
Independence

Digital Authentication
Click Here

 

America’s Four Republics
The More or Less United States

 
Continental Congress
U.C. Presidents

Peyton Randolph

Henry Middleton

Peyton Randolph

John Hancock

  

Continental Congress
U.S. Presidents

John Hancock

Henry Laurens

John Jay

Samuel Huntington

  

Constitution of 1777
U.S. Presidents

Samuel Huntington

Samuel Johnston
Elected but declined the office

Thomas McKean

John Hanson

Elias Boudinot

Thomas Mifflin

Richard Henry Lee

John Hancock
[
Chairman David Ramsay]

Nathaniel Gorham

Arthur St. Clair

Cyrus Griffin

  

Constitution of 1787
U.S. Presidents

George Washington 

John Adams
Federalist Party


Thomas Jefferson
Republican* Party

James Madison 
Republican* Party

James Monroe
Republican* Party

John Quincy Adams
Republican* Party
Whig Party

Andrew Jackson
Republican* Party
Democratic Party


Martin Van Buren
Democratic Party

William H. Harrison
Whig Party

John Tyler
Whig Party

James K. Polk
Democratic Party

David Atchison**
Democratic Party

Zachary Taylor
Whig Party

Millard Fillmore
Whig Party

Franklin Pierce
Democratic Party

James Buchanan
Democratic Party


Abraham Lincoln 
Republican Party

Jefferson Davis***
Democratic Party

Andrew Johnson
Republican Party

Ulysses S. Grant 
Republican Party

Rutherford B. Hayes
Republican Party

James A. Garfield
Republican Party

Chester Arthur 
Republican Party

Grover Cleveland
Democratic Party

Benjamin Harrison
Republican Party

Grover Cleveland 
Democratic Party

William McKinley
Republican Party

Theodore Roosevelt
Republican Party

William H. Taft 
Republican Party

Woodrow Wilson
Democratic Party

Warren G. Harding 
Republican Party

Calvin Coolidge
Republican Party

Herbert C. Hoover
Republican Party

Franklin D. Roosevelt
Democratic Party

Harry S. Truman
Democratic Party

Dwight D. Eisenhower
Republican Party

John F. Kennedy
Democratic Party

Lyndon B. Johnson 
Democratic Party 

Richard M. Nixon 
Republican Party

Gerald R. Ford 
Republican Party

James Earl Carter, Jr. 
Democratic Party

Ronald Wilson Reagan 
Republican Party

George H. W. Bush
Republican Party 

William Jefferson Clinton
Democratic Party

George W. Bush 
Republican Party

Barack H. Obama
Democratic Party

Please Visit

Forgotten Founders
Norwich, CT

Annapolis Continental
Congress Society


U.S. Presidency
& Hospitality

© Stan Klos

 

 

 

 


Virtual Museum of Art | Virtual Museum of History | Virtual Public Library | Virtual Science Center | Virtual Museum of Natural History | Virtual War Museum