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Samuel Elmer Ledman

Birth
Springfield, Clark County, Ohio, USA
Death 29 Aug 1910 (aged 76)
Louisville, Jefferson County, Kentucky, USA
Burial Louisville, Jefferson County, Kentucky, USA
Plot SECTION P Lot: 692- Grave: 3
Memorial ID 161003403 · View Source
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Courier-Journal
Louisville, Kentucky
August 30, 1910

SAMUEL LEDMAN SINKS TO REST

Succumbs To Heart Disease After Long Illness.

Conducted Jewelry Business Here For Thirty-six Years.

Owned Stock in Louisville Traction Company.

HAD OTHER INTERESTS


Samuel Elmer Ledman, who was one of the oldest jewelers in Louisville, died of heart disease at 6:20 o'clock yesterday morning in his apartments at the Weissinger-Gaulbert. Mr. Ledman had been in declining health for several months, but his condition was not regarded as serious until three weeks ago.

Mr. Ledman had been in the jewelry business in Market street for the past thirty-six years. During the past twenty-two years he conducted a store at 420 West Market street. He was a native of Springfield, O. He was born August 2, 1834, and was a son of Samuel Ledman, who was a merchant tailor. He received his education in the schools of Springfield. When quite young his health became poor and he came South. After spending several years in Florida he came to Kentucky and engaged in the carriage business at Bowling Green. He came to Louisville in 1865, and entered the employ of George Wolf & Co., jewelers. Six years later he began business for himself.

Active in Financial Circles.

Mr. Ledman was active in local financial circles. He owned considerable real estate in Louisville and was a large stockholder and a director in the Louisville Trust Company. He also was a stockholder in the Louisville Railway Company. He was married to Miss Martha L. McDaniel, daughter of the Rev. Gideon McDaniel, a Methodist minister of Smith's Grove, in 1860. Last January they celebrated their golden wedding anniversary. They were the parents of three sons, only one of whom is living, Edwin W. Ledman, who was associated with his father in business.

Mr. Ledman was the second oldest member of Kilwinning Lodge, No. 106, F. A. and M. Besides his wife and son, he is survived by a sister, Mrs. George W. Huggins.

Mr. Ledman was one of the largest stockholders in the Louisville Traction Company. With the exception of Maj. Alexander H. Davis, of London, who owns 3,000 shares of common stock, Mr. Ledman probably was the largest stockholder of the common stock, approximately 4,000 shares being in his name. He had an abounding faith in the future of the property, and began accumulating the stock many years ago. His first purchases were of the stock of the Louisville Railway Company, whose stock was taken over by the Louisville Traction Company. He bought stock of the Louisville Traction Company all the way from 65 up to 140.

Will Not Effect Market.

The general impression is that the holdings of Mr. Ledman will not come on the market in the immediate future, and may never come on the market, except in an indirect way, and in a way that would make no impression on the price of the stock. It is understood that while all the stock is hypothecated Mr. Ledman was borrowing on an average of only $60 on a share, and in some cases was borrowing as low as $50. The stock is distributed among several institutions, and it is reported that one of these institutions has expressed a willingness to carry all the stock if the others should want to dispose of it. However, it is reported that practically every institution is willing to carry the stock as long as the estate wishes. In this connection, the impression in financial circles is that if the estate desires to dispose fo the stock it will be taken by a syndicate of local capitalists.

During the panic of 1907, when money was scarce and hard to get and banks were fortifying themselves, Mr. Ledman's holdings were thought to be in danger of being forced on the market, but he managed to tide over that period.

Had Faith In Stock.

It is said that in the early months of 1906, when the stock sold at 145, several of Mr. Ledman's closest friends advised him to dispose of a part of his holdings, but that, instead, he continued to buy the stock, and expressed the belief that it would, in the course of a year or two sell at 260.

A small lot of the stock sold at the Stock Exchange yesterday at 92 1/2, a decline of 1/2 compared with sales throughout last week, but the stock closed at 92 3/4 bid and 93 1/4 asked.

Transcribed by: GenealogyGirl


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  • Created by: GenealogyGirl
  • Added: 13 Apr 2016
  • Find A Grave Memorial 161003403
  • Find A Grave, database and images (https://www.findagrave.com : accessed ), memorial page for Samuel Elmer Ledman (2 Aug 1834–29 Aug 1910), Find A Grave Memorial no. 161003403, citing Cave Hill Cemetery, Louisville, Jefferson County, Kentucky, USA ; Maintained by GenealogyGirl (contributor 46564531) .