Elizur Wright publications
Scope and Content
This collection contains publications by and about Elizur Wright. They focus on his work with the insurance industry. There are no personal documents or financial records.
Dates
- Creation: 1877-1931
Creator
- Wright, Elizur, 1804-1885 (Person)
Restrictions on Access
The collection is open for research use.
Restrictions on Use
The collection is open for research use.
Biography of Elizur Wright
Elizur Wright (1804-1885) was born in South Canaan, Connecticut, raised in Tallmadge, Ohio and graduated from Yale. Although he aspired to become a minister he was more interested in studying science and mathematics than Hebrew and accepted a position at Western Reserve College in Hudson, Ohio. In 1829, he was appointed Professor of Mathematics and Natural Philosophy at WRC and married Susan Clark.
In the 1830s, Western Reserve College was the location of fierce intellectual battles between Colonizationalists; the anti-slavery movement in favor of sending the formerly enslaved to an African colony and the Immediatists; the anti-slavery movement in favor of immediate freedom and American citizenship for all. Wright was a member of the American Colonization Society but converted to the Immidiatist's cause becoming by the "summer of 1832, the preeminent immediatist of the West." Wright published many essays in the Hudson Observer and Telegraph advocating Immediatism. He resigned the shortly after his fellow abolitionist, Beriah Green did. The final three years of Wright's four year tenure at WRC, were so divisive that enrollment and funding were negatively impacted and according to one historian, it "retarded the development of the college for the next twenty years."
Although Elizur continued working for abolition throughout the 1840s and 1850s his focus gradually shifted to the reform of the life insurance industry. In the the 1850s, he was commissioned by the Massachusetts Hospital Life Insurance Company, based on his mathematical expertise, to gather information on English actuarial practices. The publication in 1853 of Elizur's Valuation Tables was a significant milestone in the evolution of the life insurance industry. It figured the amount of each premium that should be held in reserve based on the life expectancy of the policy holder to ensure the company would remain solvent. He also invented the arithmeter, a crude calculating device, and served as a member of the Board of Insurance Commissioners in Massachusetts. He was tireless in work in the life insurance industry to ensure that policy holders were protected and that companies remained truthful about their practices as well as solvent earned him the title "the father of life insurance.'
His last reform project was to preserve Middlesex Fells. Elizur owned and lived on land adjacent to the Fells seemed to find comfort in its natural beauty as he aged. It appeared to help him through the deaths of several of his children and his beloved wife. In November of 1885, Elizur suffered a stroke and died at the age of 81. The preservation of the Fells, however was not accomplished in Elizur's lifetime but legislation in 1894 made 2,000 acres of this area a park.
Extent
0.4 Linear Feet
Language of Materials
English
Abstract
This collection contains publications by and about Elizur Wright, a faculty member of the Western Reserve College. Wright was an abolitionist and also known as "the father of life insurance." The publications focus on his work with the insurance industry.
Statement of Arrangement
The collection has been arranged into three files: 1. Newspaper clipping 2. Publications by Elizur Wright 3. Publications about Elizur Wright
Acquisition Information
Collected by Rosalind Wright Harris the great-granddaughter of Elizur Wright. They were donated by the descendents of Beriah Green and Elizur Wright in memory of Hudson resident and friend, Agnes K. Wright in November 2000.
Processing Information
Joanne O'Dell processed this collection in March 2005.
Subject
- Wright, Ellen M. (Person)
- Middlesex Fells Reservation (Mass.) (Organization)
- Title
- Finding aid for the Elizur Wright publications
- Status
- Completed
- Author
- Finding aid prepared by Joanne O'Dell
- Date
- 2024
- Description rules
- Describing Archives: A Content Standard
- Language of description
- English
- Script of description
- Latin
- Language of description note
- Finding aid written in English, Latin script
Repository Details
Part of the Hudson Library & Historical Society Repository