Joseph Lowthian Hudson

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Joseph Lowthian (J.L.) Hudson (b. October 17, 1846, d. July 5, 1912) a merchant who founded Hudsons Department Store in Detroit Michigan. Hudson also supplied the seed capital for the establishment, in 1909, of Roy D. Chapin's automotive venture, which Chapin named the Hudson Motor Car Company in honor of J.L. Hudson.

Hudson was born in Newcastle-on-Tyne, England, and immigrated with his family to Hamilton, Ontario Canada when he was nine; by the age of fourteen he and members of his family were residing in Michigan.

While Hudson began his career in merchandising with family members and other outside partners, he founded what would provide the basis for Hudson's Department Stores in 1881 inside a shop at the Detroit Opera House. Hudson at first focused on men' and boy's wear, and succeeded through set low prices and a return policy that favored the customer. As business volume grew, Hudson added sale professionals and additional lines of goods, including women's clothing and housewares. Hudson incorporated his venture in 1891 as the J. L. Hudson Company.

In addition with providing the seed capital for Hudson Motors, J.L. Hudson was also involved the American Vapor Stove Company, Dime Savings Bank, American Exchange National Bank, the Detroit City Gas Company, and the Third National Bank of Detroit. When the Third National Bank collapsed in the financial panic of 1893, Hudson felt personally liable for the failure and paid from his personal accounts an amount equal to the balances of record held by each account holder. The move cost Hudson $265,000, however the goodwill that it showed also paid Hudson dividends in the form of increasing market share for his businesses. Hudson was also active in civil causes in greater Detorit area.

A life-long bachelor, Hudson died in 1912. Some sources list his place of death as Worthing, England, while some newspaper accounts list the place of death as Paris, France.

According to biographer Edward L. Lack Jr., Hudson left no personal papers, and the details outside of his public life are few and mostly unknown.

[edit] References

  • Wealthy Merchant Dead. Wire service report. Lima News. Lima, Ohio. July 5, 1912.
  • Betz, Paul and Carnes, Mark C. Editors. American National Biography. (First supplement). New York: Oxford University Press, 2002.
  • Lach, Edward L. Jr. "Hudson, J. L."; American National Biography Online, January 2001 Update.

[edit] External links

Joseph Lowthian Hudson

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