William Hathaway Forbes
William Hathaway Forbes was an American businessman.
Early life
Forbes was born on October 31, 1840, in Milton, Massachusetts. His father, John Murray Forbes, was a French-born railroad magnate.Forbes enrolled at Harvard University in 1857, but he was expelled in 1860. During the American Civil War of 1861-1865, he served in the 1st Massachusetts Volunteer Cavalry of the Union Army from 1861 to 1863, and in the 2nd Regiment of Cavalry, Massachusetts Volunteers from 1863 to 1865. He was captured by the Confederate States Army on July 6, 1864, and imprisoned in Charleston and Columbia, South Carolina, until December 1864. He received a Bachelor of Arts degree from Harvard University in 1871.
Career
Forbes started his career at J.M. Forbes & Co., an investment firm founded by his father.In the later 1870s, Forbes was approached by Gardiner Greene Hubbard and Thomas Sanders to invest in their Bell Telephone Company. Not only did Forbes invest, he encouraged some of his wealthy acquaintances to do so too. Subsequently, Forbes served as the President of the Bell Telephone Company from 1879 to 1887.