William Paterson

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Paterson, William,

1658–1719, British financier. By the time of the Glorious RevolutionGlorious Revolution,
in English history, the events of 1688–89 that resulted in the deposition of James II and the accession of William III and Mary II to the English throne. It is also called the Bloodless Revolution.
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 (1688–89, which he supported), he had acquired considerable wealth and influence through foreign trade. In 1691, he was the chief projector of the plan to establish the Bank of EnglandBank of England,
central bank and note-issuing institution of Great Britain. Popularly known as the Old Lady of Threadneedle Street, its main office stands on the street of that name in London. The bank has eight branches, all of which are located in the British Isles.
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, which finally came into being in 1694. Paterson served as a director from 1694 to 1695. In 1695, he proposed to the Scottish Parliament the famous but ill-fated Darién SchemeDarién Scheme,
Scottish project to establish a colony on the Isthmus of Panama (Darién). In 1695, the Scottish Parliament passed an act that chartered a company for trading with Africa and the Indies.
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. Subsequently he devoted several years to carrying out that plan and accompanied the expedition of 1698 to Darién. Paterson advised William III on economic, financial, and state affairs, and he strongly advocated the union of Scotland and England. Paterson strenuously argued for free trade and was a recognized authority in later years. His writings were edited by Saxe Bannister (3 vol., 1859).


See biography by S. Bannister (1858); J. S. Barbour, William Paterson and the Darien Company (1927).

Paterson, William,

1745–1806, American political leader and jurist, b. Co. Antrim, Ireland. He emigrated to America as a child. Raised in New Jersey, he practiced law there and was attorney general (1776–83) of the state before he became a delegate to the Federal Constitutional ConventionConstitutional Convention,
in U.S. history, the 1787 meeting in which the Constitution of the United States was drawn up. The Road to the Convention

The government adopted by the Thirteen Colonies in America (see Confederation, Articles of, and Continental
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 (1787). He was prominent as a champion of the rights of the small states; he set forth the New Jersey, or small state, plan (sometimes called the Paterson plan). He later played a prominent part in state and national life as U.S. Senator (1789–90), governor of New Jersey (1791–93), and associate justice of the U.S. Supreme Court (1793–1806).


See biography by J. O'Connor (1979).

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Paterson, William

(1745–1806) Supreme Court justice; born in northern Ireland. He came to the U.S.A. when he was two. He served as New Jersey's first attorney general (1776–83), in the first U.S. Senate (N.J.; 1788), and as governor of New Jersey (1790–93) before President George Washington named him to the U.S. Supreme Court (1793–1806).
The Cambridge Dictionary of American Biography, by John S. Bowman. Copyright © Cambridge University Press 1995. Reproduced with permission.
References in periodicals archive ?
Hitman William Paterson deserves every one of his 22 years in jail for a crime that quite rightly sickened Scotland to its core.
Ferris (communication, William Paterson U.) assembles 22 articles for college educators on the role technology plays in learning, with a focus on pedagogy addressing the digital learners from the millennial generation.
Four people were charged over the drugs seizures - Eddie Lyons' 25-year-old son Stephen, his friends Gavin Harper and William Paterson and Pater-son's mum Susan.
in education from William Paterson College and has a real estate license for both New York and New Jersey.
The college said the $8.4 million, 22,000-square-foot University Center will open in the spring of 2020 and serve as its headquarters for William Paterson University, Rutgers University, Fairleigh Dickinson University, Felician University and Wilmington University.
Detective Chief Superintendent Robbie Allan of Police Scotland said later: "Today's conviction of William Paterson is the culmination of a lengthy and complex investigation.
Roy has been accepted to William Paterson University for a master's degree in Jazz Voice performance.
In a sale arranged by Insignia/ESG of New of New Jersey, International Paper, the world's largest paper and forest products company, has sold Union Camp's former world headquarters in Wayne, NJ to William Paterson College for the expansion of their business school.
Stockton University, the New Jersey Institute of Technology, Rowan University, The College of New Jersey and William Paterson University will share their library catalog in a common database that will be searchable throughout the state, according to librarians at those institutions.
Cohen, the MVP of the New England Collegiate Conference Tournament, scored 23 of his 25 points in the second half of the Hawks' 69-53 victory over 13th-ranked William Paterson in the first round Friday night.
Furst (sociology, William Paterson U.) examines prison-based animal programs and how they transform prisoners' lives and reduce the chances of recidivism.
A student team from William Paterson University won first place in the Russ Berrie Institute for Professional Sales 12th Annual National Sales Challenge, beating students from 40 colleges, according to WPU.A student team from William Paterson University won first place in the Russ Berrie Institute for Professional Sales 12th Annual National Sales Challenge, beating students from 40 colleges, according to WPU.