Appleton's Cyclopedia of American Biography, edited by James
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PRESTON, David, banker, born in Harmony, New York, 20 September, 1826; died in Detroit, Michigan, 24 April, 1887. He was educated at common schools, and at the academy in Westfield, New York, meanwhile teaching during the winters. In 1848 he moved to Detroit, where lie became clerk in a banking-house. Four years later he established himself as a banker in Detroit and Chicago. Mr. Preston gave about $200,000 to charities, and pledged himself to raise from the people of Michigan $60,000, giving himself nearly one half this sum, for Albion college, of which he was a trustee from 1862 till his death. During the civil war he was active in the Christian commission, and he was president of the Young men's Christian association of Detroit in 1869-'70. He was the candidate of the Prohibition party for governor in 1884. Besides being a delegate to the general conference of the Methodist Episcopal church in 1876, and delegate to the Centenary conference of Methodism in Baltimore in 1884, he was active in other matters pertaining to his denomination, and was regarded at the time of his death as the foremost member of the Methodist church in the state of Michigan.
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