William Bard


William Bard was a lawyer and pioneer in life insurance who founded the New York Life Insurance and Trust Company.

Early life

Bard was born in Philadelphia, Pennsylvania on April 4, 1778. He was the son of cousins, Mary Bard and Samuel Bard, a prominent doctor who was a founder of Columbia University's medical school and physician to George Washington. His younger sister, Eliza, was the wife of John McVickar, the First Rector of St. James Church in Hyde Park and professor at Columbia University.
His paternal grandparents were Suzanne Bard, a granddaughter and heiress of Pierre Fauconnier, and John Bard, a friend of George Washington and Benjamin Franklin who had invested in Hyde Park, then a 3,600 acre plantation.
William graduated from Columbia College, in 1798 and began the study of law under Judge Maturin Livingston, the former Recorder of New York City.

Career

After his marriage in 1820, they moved to Hyde Park where his father had transferred a large portion of his estate, together with a considerable fortune that his wife received from her grandmother, Madame du Nully of San Croix. Around 1826, Bard sold their estate in Hyde Park to David Hosack and moved to Manhattan, before eventually settling in Staten Island where he purchased a large piece of property becoming the first of his family to reside on Staten Island. There he built a large house in West New Brighton, located on the north shore of the island, at Bard Ave. and Delafield Place. He was offered the position of president of Columbia College, but declined the offer.
He later founded the New York Life Insurance and Trust Company, which was the first insurance company in New York, and served as its first president. After his retirement in 1847, he was succeeded by Morris Franklin, who served as president from 1848 until his death in 1885.

Personal life

On October 7, 1802, Bard was married to Catherine Cruger at Trinity Church in Manhattan. Catherine was the daughter of Ann Cruger and Nicholas Cruger, a slave-trader in St. Croix, West Indies. Together, they were the parents of fourteen children, eight of whom lived to adulthood:
Bard died on October 17, 1853 at his home on Staten Island. He was buried in the family vault in St. Mark's Church in-the-Bowery. His widow, Catherine, died on October 14, 1868, also in Staten Island. Their Staten Island estate in the Livingston neighborhood, which was later owned by their daughter Eliza, became the Staten Island Cricket Club.