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Scots and Scots Descendant in America
Part V - Biographies
John MacGregor Grant

JOHN MACGREGOR GRANT, banker, was born in Cromdale, near Grantown-on-Spey, September 6, 1874, the second son of William Stewart Grant and Elsie Robertson, and fourth eldest of a family of eight (five boys and three girls), all living: James Alexander, a graduate of Aberdeen, Professor in the Royal High School, Edinburgh; William Robertson, tenant of the farm of Balnaclash, near Grantown; Rev. Donald MacGregor Grant, B.D., also a graduate of Aberdeen, Minister at Walkerburn; Joseph Orchard, with the Continental and Commercial Bank, Chicago; his eldest sister, Annabella, in Nebraska; and two younger sisters in South Africa, Helen, in Kimberley, and Mary Jane Robertson, in Johannesburgh.

Mr. Grant studied in the Gromdale and Achnarrow Public Schools and the Kingussie Preparatory School, and at seventeen entered the Caledonian Bank of Scotland, Grantown. After three years’ apprenticeship, he spent part of the following year relieving at branch offices. Mr. Grant came to America in 1895, and worked for a short time in the tobacco-factory of his cousins, W. T. Grant, in Louisville, Ky., before entering the employ of the Merchants Loan & Trust Co., Chicago. In 1902, he resigned, as Assistant Manager of the Foreign Exchange Department, to organize a Foreign Exchange Department for the American Express Co. In December, 1903, he was transferred to London as European Financial Manager, and established financial offices of the American Express Co. throughout Europe. In 1907, he returned to New York, as First Assistant Treasurer in charge of all the foreign financial business of the company. In 1915, he was appointed Managing Director of the Swedish-Russo-Asiatic Co., Inc., of Stockholm, with headquarters in New York.

Mr. Grant is a tireless and determined worker. He is a member of the Transportation Club and Bankers Club of America, New York. His recreations are golf, walking and horseback-riding. He has written many financial articles, and is an authority on foreign exchange and foreign banking.

He married, December 13, 1900, Fanny S. Etheridge, daughter of the late Dr. James Henry Etheridge, Chicago, and Harriet E. Powers. They have two sons: James Henry Etheridge, born June 17, 1902, and Clinton Furbish, born May 10, 1904. Their home is at Scarsdale, N. Y. Mr. Grant’s business address is 120 Broadway, New York.

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