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Dale, Chester (03 May 1883–16 December 1962), investment banker and art collector, was born in New York City, the son of Thomas W. Dale, a department store salesman, and Jane Roberts. Dale attended Peekskill Military Academy, but he left school when he was fourteen and began working as an office boy and runner on Wall Street. By 1904 he was an independent broker, and in 1909 he formed a partnership specializing in railroad mortgages and utility bonds with his friend William C. Langley. In 1911 Dale married Maud Murray a few weeks after she divorced his friend Frederick M. Thompson; they had no children....

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Powers, Daniel William (14 June 1818–11 December 1897), banker and art collector, was born in Batavia, New York, the son of Asahel Powers and Elizabeth Powell, farmers who were among the first settlers of the Genesee country. When he was three years old his father died and Daniel was raised to be a farmer by an uncle. Rural life did not please the young man and at the age of nineteen he left for Rochester, New York, becoming a salesman in a hardware store. Over the next twelve years he accumulated enough capital to open a banking and brokerage office on 1 March 1850; he would be in that business the rest of his life....