Santa Clara County
Biographies
EDWARD E. GOODRICH
The proprietor of the Quito Olive Farm, Mr. Edward E. Goodrich, was born at Malden, Massachusetts, August 12, 1845, but is of the New Haven branch of the Connecticut family of the name. He was graduated at Yale College in the class of 1866, and at the Albany Law School in 1867. April 23, 1878, he was married to Miss Sara M. Shafter, daughter of the late Judge Oscar L. Shafter, of the Supreme Court of this State. Mr. and Mrs. Goodrich have four children—one boy and three girls.
Pen Pictures From The Garden of the World or Santa Clara County, California, Illustrated. - Edited by H. S. Foote.- Chicago: The Lewis Publishing Company, 1888.
Pg. 181
Transcribed by Kathy Sedler
T. ELLARD BEANS
The pioneer bank in the Santa Clara Valley was opened for business in March, 1866, by W. J. Knox and T. Ellard Beans, under the firm title of Knox & Beans, and was conducted as a private banking house until January 31, 1868, on which date it was incorporated as a State bank, being the first bank incorporated in interior California. The first officers were John G. Bray, President; T. Ellard Beans, Cashier and Manager; John T. Calahan was appointed Assistant Cashier in 1880, which position he still holds; C. W. Pomeroy, Secretary. The capital stock is $200,000. In 1870 Mr. Bray died, and Mr. Beans became president, which position he still holds. Henry Philip succeeded him as cashier, and acted in that capacity till 1875, when Clement T. Park, the present cashier, succeeded him.
In 1871 the Bank of San Jose Block, on the northeast corner of First and Santa Clara Streets, was begun, and completed the following year. The building has a frontage of ninety feet on Santa Clara Street, and one hundred feet on First, is symmetrical in architectural design, and cost $120,000. Besides the commodious banking rooms, there are several fine stores on the first floor. The second floor is occupied, in part, by the San Jose Board of Trade, and the remainder and the upper story are devoted to offices.
The bank has been under the able management of Mr. Beans throughout its entire history, and its career has been one of marked success, as the following facts and figures show: The Bank of San Jose has paid two hundred and forty dividends up to July 1, 1888, aggregating two hundred and ninety-one per cent of the par value of the capital stock, with an additional surplus of seventy-five per cent. It does strictly a commercial business; has correspondents in San Francisco, New York, and London, on which it draws direct.
T. Ellard Beans was born in Salem, Ohio, sixty years ago. His early business life was passed in mercantile pursuits; spent two years in a banking house in Pittsburgh, Pennsylvania. Came to California in 1849; directed his attention to mining for a time, and later was engaged in merchandising in Nevada City seven years; came near losing his life by the great fire in that place in 1856. He came to San Jose in 1866, and the same year projected and established the bank, as before stated. Mr. Beans is one of that honored class termed self-made men, and has long been regarded as one of San Jose’s most able and reliable business men.
Pen Pictures From The Garden of the World or Santa Clara County, California, Illustrated. - Edited by H. S. Foote.- Chicago: The Lewis Publishing Company, 1888.
Pg. 190-191
Transcribed by Kathy Sedler