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Lot description
(American, 1780-1840) Portrait Miniature of Lebbeus Chapman, circa 1809, unsigned, bears old note verso "Lebbeus Chapman/ father of Elizabeth ne./ Douglas, mother of Mary/ Douglas Clark./ Painted by Jarvis/ Jan[uary]. 1809-”, watercolor and graphite on paper, sight 3-1/2 x 2-3/4 in.; original wood frame with domed glass, 5 x 4-1/4 in. Note: Lebbeus Chapman (1785–1864), merchant and accountant, was born in Middlesex County, Connecticut. By 1808 he was partner in a New York City mercantile firm, and he was listed in that city’s directories successively as grocer, 1809–10, merchant, 1811–16, auctioneer, 1817–18, accountant, 1822, and secretary of insurance companies, 1825–34 and 1842–47. He was the author of a seminal work on calculating interest: Tables of Interest and Discount, calculated on the only true principle of 365 Days to the Year; and compared with the erroneous method now in use (NY, 1820), later revised and expanded as Chapman’s Tables of Interest, calculated according to equitable and legal principles, at the rate of six per cent. per annum;… (NY: 1821).