Early Life
Farquhar was born in Newton, Massachusetts, the son of David Webber Farquhar (1844–1905) and Grace Thaxter Peloubet (1863–1943). Graduating from Harvard in 1909, he came to San Francisco in 1910 and, after several business experiences, returned to New England to take up the profession of accounting, studying under Clinton Scovell, a pioneer in the field of cost accounting. In 1914 he came again to California, eventually setting up his own practice in San Francisco as a certified public accountant.
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