Thomas Bugard Paton

Thomas Bugard Paton, lawyer, was born in New York City, May 7, 1861, the son of Thomas and Theresa Francisco (Bugard) Paton. His Father came to this country from Scotland, settling in NYC, where he practiced law and afterwards became a clergyman in the Dutch Reformed Church. Thomas Sr. married a daughter of Bertrand Francis Bugard, a noted French physician in Boston and author of a number of French books. Through Dr. Bugard's wife, Almira Jacobs, Mr. Paton is a direct descendant of General Joseph Badger, Jr., distinguished as a military officer who served as captain in the Revolutionary war and was present at the capture of Burgoyne, his company forming part of the guard escorting the British prisoners to Boston. Daniel Jacobs, his great-grandfather, married Elizabeth Badger, daughter of Bert Joseph Badger, Jr., and sister of William Badger (q. v.), the 17th governor of New Hampshire.

Thomas was educated in the public schools of New York, afterwards taking a special course at Columbia University. At the age of 15 he entered the office of Raphael J Moses as stenographer and law clerk and was afterwards in the well-known law office of Carter & Eaton. He was admitted to the bar in March 1883, and for six years thereafter practiced law and was the editor of the law department of the 'Journal of Banking'. In 1889 he founded the 'Banking Law Journal', for five years a semi-monthly publication and then a monthly, and sold it in 1908 to Alfred P. White. On account of his familiarity with banking law subjects the office of general counsel of the American bankers' Association was created for him in May, 1908, a position he still occupies. Mr. Paton is the author of a number of statutes which have been enacted in many states relating to matters connected with the banking business, designed to protect banks against fraud and crimes as well as to safeguard banking transactions, the subjects of which among others, are bills of lading; joint deposit accounts, forge and raised checks; checks against insufficient funds; false statements to obtain credit; derogatory statements affecting banks; competency of bank notaries; and defining and punishing the crime of burglary with explosives. He has written many articles on bills of lading, negotiable instruments and general banking law subjects, and he has delivered addresses before state banker's associations and commercial bodies all over the country. He was an active member of the 7th regiment, N.G.N.Y., during 1883-89, and is now a member of the Veteran Association of that organization. He is a past regent of Morrisanin Council, No 1739, Royal Arcanium. He has been president of the Bronx Club for a number of years and is a member of the New York Law Institute. He was married in New York in 1885 to Adele Coutant, daughter of Rev. Robert Holden, an Episcopal clergyman, who for thirty years was rector of Trinity School, New York City, and has five Children: Adele F., Florence M., Thomas B., Helen H. and Theodore C. Paton


Thomas Bugard Paton
Thomas Bugard Paton, lawyer, was born in New York City, May 7, 1861, the son of Thomas and Theresa Francisco (Bugard) Paton. His Father came to this country from Scotland, settling in NYC, where he practiced law and afterwards became a clergyman in the Dutch Reformed Church. Thomas Sr. married a daughter of Bertrand Francis Bugard, a noted French physician in Boston and author of a number of French books. Through Dr. Bugard's wife, Almira Jacobs, Mr. Paton is a direct descendant of General Joseph Badger, Jr., distinguished as a military officer who served as captain in the Revolutionary war and was present at the capture of Burgoyne, his company forming part of the guard escorting the British prisoners to Boston. Daniel Jacobs, his great-grandfather, married Elizabeth Badger, daughter of Bert Joseph Badger, Jr., and sister of William Badger (q. v.), the 17th governor of New Hampshire. Thomas was educated in the public schools of New York, afterwards taking a special course at Columbia University. At the age of 15 he entered the office of Raphael J Moses as stenographer and law clerk and was afterwards in the well-known law office of Carter & Eaton. He was admitted to the bar in March 1883, and for six years thereafter practiced law and was the editor of the law department of the 'Journal of Banking'. In 1889 he founded the 'Banking Law Journal', for five years a semi-monthly publication and then a monthly, and sold it in 1908 to Alfred P. White. On account of his familiarity with banking law subjects the office of general counsel of the American bankers' Association was created for him in May, 1908, a position he still occupies. Mr. Paton is the author of a number of statutes which have been enacted in many states relating to matters connected with the banking business, designed to protect banks against fraud and crimes as well as to safeguard banking transactions, the subjects of which among others, are bills of lading; joint deposit accounts, forge and raised checks; checks against insufficient funds; false statements to obtain credit; derogatory statements affecting banks; competency of bank notaries; and defining and punishing the crime of burglary with explosives. He has written many articles on bills of lading, negotiable instruments and general banking law subjects, and he has delivered addresses before state banker's associations and commercial bodies all over the country. He was an active member of the 7th regiment, N.G.N.Y., during 1883-89, and is now a member of the Veteran Association of that organization. He is a past regent of Morrisanin Council, No 1739, Royal Arcanium. He has been president of the Bronx Club for a number of years and is a member of the New York Law Institute. He was married in New York in 1885 to Adele Coutant, daughter of Rev. Robert Holden, an Episcopal clergyman, who for thirty years was rector of Trinity School, New York City, and has five Children: Adele F., Florence M., Thomas B., Helen H. and Theodore C. Paton


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