William Moseley Swain

m. Sarah James (1812-1891)

 

b. May 12, 1809, Manlius, NY

d. Feb. 16, 1868, Philadelphia, PA

burial: Woodlands Cemetery, Philadelphia, PA

 

occ. Co-founder of Philadelphia’s Public Ledger and Baltimore Sun

 

children:

William James Swain (1839-1903)

Charles Moseley Swain (1849-1902)

 

son of William Swain (1781-1812) and Phylura Dunham (1783-1861)

 

Residence: 1426 North Broad Street, Phila., PA

 

Additional info:

 

Co-founded as a messenger Philadelphia Public Ledger 1836 with messengers Arunah Shepherdson Abell and Azariah H. Simmons as a penny newspaper.  Most newspapers at the time charged six cents.  A year later Abell was selected to represent the three men and supervise the establishment of a similar newspaper venture in Baltimore, MD called The Sun.  The Sun was established in 1837 and the first issue released Oct. 13, 1851.

 

William Moseley Swain and Amos Kendall of Kentucky founded the National Telegraphic Network. As a result of using the telegraph, newspapers were able to disseminate the news events closer to the time of their occurrence. Polk's presidential message in 1846 was the first to be transmitted by wire.

 

According to Walt E. Smith, another direct descendant of William M's father: "Photos and a detailed obit from the Philadelphia Public Ledger (Feb. 16, 1868) are on file." He made the Ledger the first daily to use a pony express, and one of the first to use the magnetic telegraph. He was a director of the Magnetic Telegraph Co." He is included on the list of distinguished people buried in the Woodlands Cemetery in Philadelphia.

 

1860 Philadelphia census states

Real Estate Value: $110,000 (in 2002 would be $1,294,700)

Personal Estate: $50,000 (in 2002 would be $588,500)

Age 50

At home: Sarah James Swain (wife), 47; William James Swain (son), 21; Charles Moseley Swain (son), 11; English domestics Ann Bluney, 25 and Mary Canon, 30

 

 His will was administered by his son, Wm. James and is on file. Time of death according to a William Elliott Todd diary entry was 2AM.  According to Walt E. Smith, Wm. M. died extremely wealthy, leaving an estate of over $6M in 1868. According to the inflation calculator, the comparison to today's values would have left him an estate worth $139,620,000.00 by year 2000 standards.

 

 

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