Gilbert & Dean

Gilbert & Dean (1802–1823) was a banking and publishing firm in Boston, Massachusetts, run by Samuel Gilbert and Thomas Dean in the early 19th-century. As publishers, they produced works by Joseph Croswell, David Humphreys, Susanna Rowson, John Sylvester John Gardiner, Benjamin Dearborn and others, as well as the Boston Weekly Magazine. They kept an office on State Street.

History

Samuel Gilbert (1777-ca.1867) and Thomas Dean (1779–1826) established their partnership in 1802. Both Dean and Gilbert had trained with Boston newspaperman Benjamin Russell, of the Columbian Centinel.[1]

In 1802 they began publishing the Boston Weekly Magazine.[1][2] Susanna Rowson served as editor, and also contributed serialised fiction and other pieces.[3][4] "As an early attempt to describe the manners, reprehend the follies, cultivate the taste and soften the customs of the people, the Boston Weekly Magazine is not discreditable to American literature."[3] The magazine ceased in 1805. Besides the weekly, the firm published numerous other titles. They kept an office at "no. 56, State-street, Boston, where printing in all its branches, is executed with neatness, accuracy and dispatch;"[5] by 1804 they'd moved to "no.78, State-Street, corner of Wilson's Lane."[6]

Meanwhile, in addition to printing, the firm's business also encompassed banking. Gilbert & Dean described themselves as "lottery, stock and exchange brokers."[7] Among other activities, they notified the public of counterfeit currency, describing details by which people might recognize forgeries. One notorious counterfeiter, Stephen Burroughs, mocked Gilbert & Dean's anti-counterfeit efforts:

"Gentleman, Having often seen your 'only sure guide to bank bills,' and admiring your kind labors for the public weal, in detecting the works of those 'ingenious rogues,' I have enclosed and forwarded to your Exchange Office, a bill on the Shipton Bank. ... I wish, Gentlemen, you would ... strictly examine all bills on the aforesaid bank, by the enclosed genuine bill; for such is the depravity of man, and such the success of counterfeiting, that I lately observed in one of your newspapers, that patent Buck Wheat Pancakes had been so exactly counterfeited in New-Jersey, that none except the Officers of the Pancake Exchange could distinguish them from the originals!!! -- I solicit your friendship gentlemen, in this important business..."[8]

Gilbert & Dean invested in the gigantic, 7-story, arguably grandiose Exchange Coffee House, built in Boston in 1809. When the Exchange burnt to the ground in 1818, Gilbert & Dean, as major investors, lost thousands of dollars.[9] However the firm regained its momentum, a tribute perhaps to the business skills of Dean and Gilbert.[10] Around 1823 the firm kept its office in the Old State House.[11]

The partnership ended "by mutual consent" in 1823. Gilbert formed a new financial business with his sons Benjamin R. Gilbert and Samuel Gilbert, Jr. (1801–1897).[11][12] Dean also continued in the financial industry.

References

  1. 1 2 Oliver Ayer Roberts. History of the Military Company of the Massachusetts, now called the Ancient and Honorable Artillery Company of Massachusetts. 1637-1888. Boston: A. Mudge & Son, 1897; p.331.
  2. ↑ Boston Directory. 1805, 1807, 1823
  3. 1 2 Elias Nason. A memoir of Mrs. Susanna Rowson. NY: Munsell, 1870; p.114+
  4. ↑ J. Winsor. The memorial history of Boston, v.3. 1882; p.643.
  5. ↑ Joseph Nancrede's fixed-priced-catalogue. Printed for Benjamin Russell, by Gilbert and Dean, ca.1803.
  6. ↑ Report of the committee of the town convention. 1804.
  7. ↑ Amos Binney. Documents relative to the investigation, by order of the Secretary of the Navy, of the official conduct of Amos Binney, United States Navy agent at Boston: upon the charges made by Lieutenant Joel Abbot and others. Boston: Published by the accused, 1822. (Dean appeared as a witness for the U.S.)
  8. ↑ Letter from Burroughs, January 25, 1809, in: S. Burroughs. Sketch of the life of the notorious Stephen Burroughs. NY: Steele, 1809; p.102-104.
  9. ↑ Jane Kamensky. The exchange artist: a tale of high-flying speculation and America's first banking collapse. Viking, 2008.
  10. ↑ Annals of the Massachusetts Charitable Mechanic Association, 1795-1892. Boston: Rockwell and Churchill, 1892; p.106.
  11. 1 2 Columbian Centinel Aug. 27, 1823.
  12. ↑ Banker's Magazine. April 1897

Further reading

Published by Gilbert & Dean

Works about Gilbert & Dean

External links

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