Grant B. Schley


Grant Barney Schley was an American financier and clubman who was a founder of Moore & Schley.

Early life

Schley was born on February 25, 1845, in Chapinsville in Ontario County, New York. He was a son of Evander Schley and Olive Schley. Among his siblings were older brothers Evander Higby Schley and William T. Schley.
He attended the Canandaigua Academy, before becoming a clerk in the express office of Wells, Butterfield & Co. at Syracuse at the age of sixteen in 1861. Five years later, when the Adams Express Company was formed by the consolidation of various companies, Schley went to New York City to run the money order department of the firm.

Career

In 1874, Schley became clerk in the First National Bank. After six years with First National, he resigned as head of the foreign exchange department to form a brokerage business under the firm name of Groesbeck & Schley with Ernest Groesbeck. In 1885, John Godfrey Moore of the Mutual Telegraph Company entered the brokerage business and Schley became one of his partners in a firm known as Moore and Schley. For many years, he was active on the floor of the New York Stock Exchange, counting among his clientele many of the most prominent men in the country, including Henry Huttleston Rogers, William C. Whitney, William Rockefeller, Oliver Hazard Payne, and John Warne Gates.
Schley served as a director of the American Smelting and Refining Co., the Chihuahua Mining Co., the Coal Creek Mining & Manufacturing Co., the Electric Storage Battery Co., the Elliott-Fisher Co., the Northern Pacific Railway, the Pittsburgh Coal Company, and the Republic Iron and Steel Company.

Personal life

In 1879 Schley was married to Martha Elizabeth Baker, a daughter of New York Assemblyman George Ellis Baker and the former Eveline Stevens. Martha's brother was financier George Fisher Baker, who was known as the "Dean of American Banking" and served as president of First National Bank of New York. Together, they had a townhouse at 845 Fifth Avenue and a country estate in Far Hills, New Jersey, were the parents of:
He was a member of the Union League Club, Metropolitan Club, New York Yacht Club, Jekyll Island Club, Automobile Club of America, Peary Arctic Club, the France-America Society, Essex Fox Hounds, Somerset Hills Country Club. Schley was also a member of the Agricultural Association, the Academy of Political Science, the Economic Club, and the Archeological Society.
Schley died on November 22, 1917, at his home in Far Hills, New Jersey. He left a gross estate worth $9,210,146 which was reduced to $5,894,715 after payments of debts and expenses.

Descendants

Through his son Chaloner, he was a grandfather of Grant Barney Schley, who was one of four airmen killed in the crash of the bomber at Yakohl Valley, and Chaloner Baker Schley.
Through his son Grant, he was a grandfather of Grant Barney Schley, and Jeanne Marie Schley, who married Thomas Jackson Oakley Rhinelander in 1947.
Through his son Kenneth, he was a grandfather of Anne Caroline Stradling and aviator Kenneth Baker Schley Jr..