OBIT: William M. LLOYD, 1888, Altoona, Blair County, PA Contributed for use in the USGenWeb Archives by Sharon Miller Copyright 2009. All rights reserved. http://www.usgwarchives.net/copyright.htm http://www.usgwarchives.net/pa/blair/ _________________________________________ WM. M. LLOYD DEAD. The subject of this sketch, one of the most widely known bankers in Central Pennsylvania, died at the home of his daughter, Mrs. Maxwell Kinkead, at Twentieth and Pine streets Altoona. Mr. Lloyd began his banking career many years ago as a silent partner in the firm of Bell, Johnson, Jack & Co., of Hollidaysburg, and from the first was very successful. He was the pioneer banker of Altoona and was connected with all the banks in one capacity or another, organized there prior to 1872. In 1873, the banking firm of Wm. M. Lloyd & Co. became embarrassed, and all of his valuable property was knocked down under the hammer. It was not sufficient to meet all the liabilities, but many of the best informed citizens were of the opinion that the estate would have been better managed and better results would have followed had Mr. Lloyd been allowed to manage the affair himself. Mr. Lloyd was born in Woodcock Valley, Huntingdon county, in the year 1814. He commenced his career as a clerk at Tyrone Forges, and was a forwarding and commission merchant in 1838. He was afterward general agent for the Union Line at Hollidaysburg on the Pennsylvania canal, and also during this time in the mercantile business with Paul Graff under the firm name of Lloyd & Graff. When the Pennsylvania railroad company purchased the line of canal he relinquished the agency and entered the banking business in the house of Bell, Johnston, Jack & Co., and in 1854 removed to Altoona, where he opened a branch bank under the same firm name. Here he continued to do a banking business until 1870 when bankruptcy overtook him, the result of the panic of 1873. He was connected with the following banks in this State and other places: Lloyd, Caldwell & Co., Tyrone; Lloyd, Hamilton & Co., New York; Lloyd, Hopper & Co., Irvona, Pa.; Lloyd, Huff & Co., Greensburg, Pa.; Lloyd, Watt & Co., Latrobe, Pa.; Lloyd, Caldwell, Lawshe and Co., Osceola, Pa.; Lloyd & Co., Ebensburg and Bedford; Lloyd, Huff & Co., Liverpool, Ohio; and the First National Bank of Altoona. The funeral will take place Friday afternoon at half-past two o'clock. Daily Herald, Tyrone, Pa., August 30, 1888