Businessman and New York State Comptroller. The son of Thomas Worth Olcott, President of the Mechanics and Farmers Bank and the Mechanics and Farmers Savings Bank of Albany, New York, Frederic Olcott was educated at Albany Academy and began a career at his father's bank. He subsequently moved to New York City to become a stockbroker. A Democrat, in 1877 he was appointed New York State Comptroller to complete the term of Lucius Robinson, who had been elected Governor, and he won election to a full two-year term in late 1877. He was an unsuccessful candidate for reelection in 1879. In 1884 he became President of the Central Trust Company of New York, and was involved in the reorganization of several railroads which experienced financial difficulty, including the Philadelphia and Reading, Brooklyn Elevated, Third Avenue, and Toledo, St. Louis and Kansas City. In 1896, now a resident of New Jersey, he broke with the Democrats because of presidential nominee William Jennings Bryan's "Free Silver" stance, became a Republican and supported the election of William McKinley. He served as a Delegate from New Jersey to the 1900 Republican National Convention. Olcott died as the result of complications from Bright's Disease.
Businessman and New York State Comptroller. The son of Thomas Worth Olcott, President of the Mechanics and Farmers Bank and the Mechanics and Farmers Savings Bank of Albany, New York, Frederic Olcott was educated at Albany Academy and began a career at his father's bank. He subsequently moved to New York City to become a stockbroker. A Democrat, in 1877 he was appointed New York State Comptroller to complete the term of Lucius Robinson, who had been elected Governor, and he won election to a full two-year term in late 1877. He was an unsuccessful candidate for reelection in 1879. In 1884 he became President of the Central Trust Company of New York, and was involved in the reorganization of several railroads which experienced financial difficulty, including the Philadelphia and Reading, Brooklyn Elevated, Third Avenue, and Toledo, St. Louis and Kansas City. In 1896, now a resident of New Jersey, he broke with the Democrats because of presidential nominee William Jennings Bryan's "Free Silver" stance, became a Republican and supported the election of William McKinley. He served as a Delegate from New Jersey to the 1900 Republican National Convention. Olcott died as the result of complications from Bright's Disease.
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