Theodore Townsend Scudder^[1]

1889 - 1953  (63 years)

• Name	Theodore Townsend Scudder
  Birth	3 Jul 1889	Brookline, Norfolk, Massachusetts   [2, 3]
  Gender	Male
  Death	16 Jan 1953	New York, New York
  Person ID	I3667	Scudder
  Last Modified	30 Jan 2016

  
  

  Father	Winthrop Saltonstall Scudder,   b. 26 Jul 1847, Brookline, Norfolk, Massachusetts d. 14 Aug 1929, New York City, New York, New York (Age 82 years)
  Mother	Caroline Augusta Townsend,   b. 18 Oct 1854, Albany, Albany, New York d. 10 Jul 1889, Brookline, Norfolk, Massachusetts (Age 34 years)
  Marriage	11 Apr 1888	Albany, Albany, New York   [2]
  Family ID	F1324	Group Sheet  |  Family Chart

  
  

  Family 1	Carolyn Sturgis,   b. 16 Jun 1891, Boston, Suffolk, Massachusetts d. Yes, date unknown
  Marriage	15 Jun 1911	Boston, Suffolk, Massachusetts   [2]
  Divorce	1926	Paris, France
  Children	1. Theodore Townsend Scudder, Jr.,   b. 4 Jun 1912, Massachusetts d. 9 Aug 1989, Alameda county, California (Age 77 years)   2. Frances Sturgis Scudder,   b. 8 Nov 1913, Massachusetts d. 31 Dec 1991, Doylestown, Bucks, Pennsylvania (Age 78 years)   3. J.S. Scudder   4. Diana O. Scudder,   b. 30 Jul 1919, Massachusetts d. 30 Nov 1919 (Age 0 years)
  Family ID	F1325	Group Sheet  |  Family Chart
  Last Modified	3 Mar 2024

  
  

  Family 2	Alfhild Jakobsen,   b. Est 1910, Norway d. 6 Apr 1953 (Age 43 years)
  Marriage	Jul 1927
  Family ID	F1327	Group Sheet  |  Family Chart
  Last Modified	3 Mar 2024

  
  

• Notes

  In July 1911, Theodore, after graduating from Harvard, went into business for White, Weld & Company in New York. He moved to their Boston in October 1912. In November 1914, he entered the bond business with Long and Nash, Boston. He went into the security business for himself January 1917. In September 1919 Theodore founded the firm of Scudder, Stevens and Clark, investment counsel, with F. Haven Clark (Harvard 1883) and Sidney Stevens (Harvard 1900). The firm was started in Boston and had other offices in New York, Philadelphia, and Providence. The investment firm of Scudder Stevens & Clark in Boston created the first no-load mutual fund. It was called First Investment Counsel Corp. and still exists as the Scudder Income Fund. As a result of long dissatisfaction with the management of trust funds, he was instrumental in the formation in 1931 of the Fiduciary Trust Company at One Wall Street. From his mother, Theodore inherited artistic ability which showed itself in painting and sculpture as well as music. He also took a great interest in photography. For ten years, from 1929 to 1939, he was president of the Scudder Association, and it was he who made possible and carried through the amalgamation of the Scudder Association of America and the Scudder Memorial Association, making the two into one charitable organization known as the Scudder Association.

  
  

• Sources

  [S63] Theodore Townsend Scudder, No. 134, pp. 1-3. [S789] Blatchford Memorial II, p. 84a. [S826] Selective Service Registration Cards, World War II: Fourth Registration, Roll: WW2_2283625.