|  Share | Cite

William Nelson Cromwell

Born: 1854
Birthplace: Brooklyn, N.Y.

Originally an accountant with the New York law firm of Algernon S. Sullivan, he joined the firm as an attorney and became partner in 1879. The Sullivan and Cromwell firm, specializing in business law, was most known for consolidating the National Tube Company, promoting the Panama Canal, and establishing the “Cromwell Plan,” a precursor to Chapter 11 bankruptcies that allowed financially insolvent firms to continue operating. He focused his efforts on philanthropic endeavors after World War I, leaving his considerable estate to legal and other charities.

Died: 1948

Information Please® Database, © 2007 Pearson Education, Inc. All rights reserved.

More on William Nelson Cromwell from Infoplease:

  • Panama Canal: French Attempts - French Attempts Meanwhile a concession for building a sea-level canal in Panama (granted 1878) was ...
  • A - C - A - C Alvar Aalto Iorwith Wilbur Abel Sir Patrick Abercrombie Henry Carter Adams Alexander Agassiz ...
  • Selected Biographies: C - Selected biographies of well-known people and fictional characters