"NYSE President" Charles R. Gay Hand Signed TLS Dated 1938 For Sale
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"NYSE President" Charles R. Gay Hand Signed TLS Dated 1938:
$399.99
Up for sale "NYSE President" Charles R. Gay Hand Signed TLS Dated 1938.
ES-6598E
Charles
Richard Gay (September 14, 1875 –
March 23, 1946) was an American banker who served as president of the
New York Stock Exchange. Gay was born in Brooklyn on September 14,
1875. He was a son of Charles Abram Gay and Anna
Mitchell (née Campbell) Gay. His younger brother was Robert Malcolm Gay, a
prominent English professor.
He was educated at Brooklyn Public School 35 before attending Brooklyn Polytechnic Institute (today part of the New York University Tandon School of Engineering). After
"engaging in the fire insurance, banking and wholesale coal
businesses," he purchased his seat and became a member of the New York Stock Exchange in
1911, four years later forming the firm of Gay & Goepel. In 1919, he merged
his firm (then known as Charles R. Gay & Co.) with Whitehouse & Co.,
was reportedly the oldest firm on the Exchange.
In 1935, when he was senior partner at Whitehouse & Co. (with offices
on the 20th floor of 1 Wall Street), he was elected president
of the Exchange, succeeding Richard Whitney. Gay served three terms as president, retiring
in May 1938. He was president during a trying time for the
Exchange and financial markets and often traveled to Washington, D.C. to meet with the Securities and Exchange
Commission and to participate with Senate inquiries.
After his tenure as president of the Exchange, he became the head of
Winthrop, Whitehouse & Co., a longtime securities firm established in 1828. At the time of his death, he was serving on
the board of directors of the Dime Savings Bank.
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