- Fred Carstensen
Marshall, Benjamin (1782–02 December 1858), merchant and textile manufacturer, was born to a manufacturing family in West Riding, Yorkshire, England. At age sixteen he entered the cotton trade in Manchester. Seeking wider opportunity, in 1803 he sailed for America with his brother Joseph, arriving in New York in August. They brought a consignment of Lancashire cotton textiles with which to start an importing partnership; they soon opened a store at 10 Beekman Street. To pay for the imports the Marshalls began exporting raw cotton to the Lancashire mills, initially buying from New York middlemen. Benjamin soon recognized that they could simply buy directly at the source, in the South. Thus, Marshall started going south, principally to Georgia, for extended periods each winter, arranging purchases of cotton, pioneering a practice that later became standard among New York cotton exporters. Marshall also established an agent in New Orleans and bought several ships to engage in the southern coastal trade....