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Corcoran, William Wilsonlocked

(27 December 1798–24 February 1888)
  • Janet L. Coryell

Extract

Corcoran, William Wilson (27 December 1798–24 February 1888), banker, investor, and philanthropist, was born in Georgetown, District of Columbia, the son of Thomas Corcoran, an Irish-born merchant, real estate seller, and local politician, and Hannah Lemmon. Corcoran, who is usually referred to as “W. W.” rather than William, was educated in local Georgetown schools and spent one year at Georgetown College (now Georgetown University). In 1815 he left college to go into the business of operating a dry goods store with his two older brothers, James and Thomas, Jr. In 1817 Corcoran opened a branch store, and by 1820, the three brothers expanded their interests to include an auction and commission house. After the company went bankrupt in a financial panic in 1823, Corcoran worked until 1847 to pay off all their creditors in full, an act that demonstrated his views regarding honor....

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