- Existence: 1784-1863
Samuel Cabot, Jr., born in Boston on December 21, 1784, trained for the family ancestral career of foreign commerce. At age nineteen he went to sea and settled at Isle of France to learn the East India trade. In 1806, Samuel Cabot, Jr. returned to the United States and formed a partnership with Samuel Hazard of Philadelphia. Moving to Philadelphia, Cabot and Hazard worked as wholesale commission agents. Leaving Hazard in Philadelphia, Cabot returned to Boston in 1808 and serviced the Boston market for the partnership. After his marriage in 1812, Samuel Cabot formed a partnership with his brother, Joseph, and John W. Perit of Philadelphia. Based in Philadelphia, Perit and Cabot maintained a Boston office with Samuel Cabot as their representative. In 1817, Samuel Cabot formed another partnership with his brother-in-law, Thomas H. Perkins, and the latter's cousin, James Perkins. This additional family partnership, Samuel Cabot and James & T. H. Perkins' Sons & Company, brought substantial income to all concerned through the China trade. By the mid-1820s, Samuel Cabot removed himself from Perit and Cabot. He retired from active business in 1838 and spent the rest of his life investing the abundant proceeds from his merchant days. Samuel Cabot, Jr. died in 1863.