Lloyd Tevis was a renowned American businessman and financier who made a significant impact in the banking industry. He was born in 1931.
Tevis's early career began as a stockbroker, where he quickly made a name for himself in the financial world. He later moved on to become a successful investment banker.
One of Tevis's most notable business ventures was his involvement with the Bank of America's hostile takeover of Security Pacific Corporation.
Early Life and Career
Lloyd Tevis was born in Shelbyville, Kentucky, the son of Samuel and Sarah (née Greathouse) Tevis.
His father was a prominent attorney and circuit court clerk, which likely had a significant influence on Lloyd's future career choices.
From 1842 to 1844 Lloyd studied law in his father's office and assisted him as court clerk, gaining valuable experience and skills.
After a further period of study and work in a neighboring county, Lloyd became a salesman with a wholesale dry goods company in Louisville, Kentucky.
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He was highly regarded in this position, and when the company failed, Lloyd was appointed assignee, demonstrating his ability to adapt and take on new responsibilities.
Lloyd's performance in this position led to him being offered a place in the Bank of Kentucky in 1848, where he worked for a short time before moving on to a new opportunity.
He left the bank to accept a position with an insurance company in St. Louis, Missouri, marking a significant career transition for Lloyd.
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Business Ventures
Lloyd Tevis was a man of many business ventures, and his interests spanned across various industries. He was a large shareholder of the Spring Valley Water Company, the Risdon Iron Works, the Occidental & Oriental Steamship Company, and the Sutro Tunnel Company of Virginia City.
Tevis was also a key player in the development of railroads in and around San Francisco, including the San Francisco & San Jose Railroad, the Oakland Short Lines, and the first iteration of the Southern Pacific Railroad. He sold these interests to the Central Pacific Railroad's "Big Four" in 1868.
In 1868, Tevis joined forces with Darius Ogden Mills, H.D. Bacon, Stanford, Hopkins, and Crocker to form the Pacific Union Express Company, which began operating between Reno and Virginia City, Nevada. This company received a ten-year exclusive contract to operate over the Central Pacific and Union Pacific Railroads.
Tevis was also a significant investor in the mining industry, owning or part-owning gold and silver mines in California, Nevada, Utah, Idaho, and South Dakota. He was a key partner in the Homestake gold mine in the Black Hills and the Ontario silver mine in Utah, as well as the Anaconda copper strike in Montana.
Here are some of Tevis' notable mining ventures:
- Homestake gold mine in the Black Hills
- Ontario silver mine in Utah
- Anaconda copper strike in Montana
These ventures demonstrate Tevis' diverse business interests and his ability to invest in various industries, from railroads to mining.
Biography
Lloyd Tevis was born in Shelbyville, Kentucky.
His parents were Samuel Tevis and Sarah Jane Greathouse.
Lloyd's father was a prominent attorney and circuit court clerk.
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Lloyd studied law in his father's office and assisted him as court clerk from 1842 to 1844.
He later worked in a neighboring county, where he continued to study and gain experience.
Lloyd became a salesman with a wholesale dry goods company in Louisville, Kentucky.
The company failed, but Lloyd was highly regarded and was appointed assignee.
He was later offered a place in the Bank of Kentucky in 1848.
Lloyd left the bank to work with an insurance company in St. Louis, Missouri.
Here are some key dates in Lloyd's life:
Lloyd's wife was Susan Saunders, later known as Susan Gano Tevis.
Lloyd's occupation in 1870 was listed as a capitalist, with a personal estate value of $1,000,000 and a real estate value of $500,000.
Lloyd died in San Francisco, California, on July 24, 1899.
He is buried in the Cypress Lawn Memorial Park in Colma, San Mateo County, California.
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Susan Gano, San Francisco, CA
Susan Gano was Lloyd Tevis's wife, and she was born on February 9, 1831, in Kentucky.
She shared a long life with Lloyd, passing away on April 29, 1902, in California.
The couple had five children together, with the first born in 1855 and the youngest in 1863.
Susan lived with Lloyd and their children in their San Francisco home at 1316 Taylor Street from at least 1869 to 1880.
The 1870 US Census reported that Susan and Lloyd had a staff of four servants, giving a glimpse into their domestic life.
In 1880, Susan and Lloyd still resided at 1316 Taylor Street with their three sons, Henry, Hugh, and William, and a staff of six domestic servants.
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