W. & J. Sloane

From Wikipedia, the free encyclopedia

W. & J. Sloane was a famous furniture and rug store in New York City that catered to the wealthy.

The company was founded as a rug importer and seller on March 2, 1843 by William Sloane who had just emigrated from Kilmarnock, Scotland, a town famous for weaving fine carpets and rugs. In 1852 his younger brother John W. Sloane joined the firm, when it was renamed W. & J. Sloane. It was the first company to import oriental carpets into the United States. It soon expanded to include furniture and other home furnishings, and quickly became the choice of the elite in New York. In the late 1800s the company added an antiques department, started producing furniture, and became the first home furnishings store in the country, billing itself as "W. & J. Sloane Interior Decorators and Home Furnishers."

In 1891, W. & J. Sloane incorporated and set the national decorating taste of the United States, and over the next sixty years decorated the homes of the most prominent people in the country, including the Breakers and the White House, created Hollywood movie sets, and even designed and decorated interiors of automobiles. It opened a branch in San Francisco, California originally to furnish pavilions at the 1915 Panama-Pacific Exposition (it also furnished the model homes at the 1939 New York World's Fair). It later acquired other upscale firms such as the California Furniture Company, and in 1925 a subsidiary, the Company of Master Craftsmen was founded by William Sloane Coffin, Sr. (the father of Rev. William Sloane Coffin) to create colonial revival furniture. During World War II the company worked with the Newport News Company and the North Carolina Shipbuilding Company on shipbuilding contracts for the United States Navy fitting out the interiors of liberty ships under the direction of John Sloane Griswold.

A dining room display from the W. & J. Sloane store in Washington, D.C.
Library of Congress, Prints & Photographs Division, Theodor Horydczak Collection, [reproduction number, e.g., LC-H824-0224]

In 1955, after a three-year internal struggle, control of the firm left the hands of a direct descendant of the Sloanes when Benjamin Coates, 37, was elected president. This meant the ouster of president W.E.S. Griswold, Jr. and chairman of the board John D. Sloane, both grandsons of the founders. Coates was financier who married John D. Sloane's daughter in 1944 and served on the board and with a syndicate bought up 70% of the stock to win control and become head of the firm. After the store left family hands, it over-expanded and lowered the price and quality of its goods. It was then acquired by Hollywood-based RB Furniture. The chain filed for bankruptcy on September 11, 1985.

The company generated considerable wealth for the direct descendants of William and John Sloane, who include in addition to Rev. Coffin, diplomat Cyrus Vance, musician John P. Hammond, musical producer John H. Hammond, and philanthropist Emily Thorn Vanderbilt Sloane. It also brought the Sloane family into prominence in New York City, where they intermarried with the Whitneys, the Vanderbilts, and the Pynes.

[edit] Sources

• The Story of Sloane's, published in 1950 W. & J. Sloane[1]
• "100 Years at Merestead a history of William Sloane (born on Feb. 18, 1873), his family, and his Westchester County, New York estate "Merestead."
• TIME Magazine Archive article on W. & J. Sloane in its "Changes of the Week" section, Jun. 06, 1955
• History of Forepaugh-Hammond House, Minneapolis -- includes notes on Sloane marriages with the Hammonds and the Vanderbilts.