Richard Schaub (1842 - 1907)

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Summary

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Richard Schaub Biography & Family History

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Birth

Death


Kings County, New York

Cause of death

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Burial / Funeral

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Education

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Military Service

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Middle name

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Gender

Male

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Timeline

1842 - In the year that Richard Schaub was born, on August 14th, General William J. Worth declared that the Florida War - also called the Second Seminole War - was over. It was the "the longest and most costly of the Indian conflicts of the United States", lasting from 1835 to 1842. By the end of the war, it was costing $93,300 per month - plus the pay of the regular soldiers. An agreement allowed the Seminole either to move west or to move to a reservation in southwest Florida.

1847 - When he was only 5 years old, on May 7th, In Philadelphia, an association of physicians and medical students was founded - the American Medical Association or AMA. The association, the first of its kind, wanted to create uniform standards for medical training, education, and practices.

1886 - He was 44 years old when on October 28th, President Grover Cleveland officially dedicated the Statue of Liberty. A gift from France, the base for the statue had been built using donations from the American public. The unplanned but enthusiastic celebration after the dedication led to the first ticker tape parade.

1899 - He was 57 years old when on February 14th, the first voting machines were approved by Congress for use in federal elections. Several states were already using voting machines in their elections and the Federal government was finally convinced of their safety and accuracy.

1907 - In the year of Richard Schaub's passing, in October, over a 3 week period, the New York stock exchange fell almost 50% from the previous year's high mark. Public panic ensued and there were runs on banks since the U.S. was in the middle of a recession. J.P. Morgan offered his own fortune to back the banks and he was followed by other financiers. This temporarily shored up the banking system, stopping the immediate panic. All of this led to the creation of the Federal Reserve.

Richard Schaub Family Tree

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Obituary

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Richard Schaub passed away on December 6, 1907 in New York at age 65. No cause of death has been listed. He was born around 1842. There is no information about Richard's immediate family.

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