Early Life and Career
His parents were Jacob B. Taylor and Martha (Brant) Taylor. His father was a close associate of John Jacob Astor and acted as his agent by purchasing New York real estate while concealing Astor's interest. Astor's relationship with the Taylor family provided Moses with an early advantage.
Moses began his career at age 15 at J. D. Brown shippers, but soon moved to a clerk's position in the firm of G. G. & S. Howland Company of New York, a shipping and import firm that traded with South America. By 1832, at age 26, Moses had sufficient wealth to marry, leave the Howland company, and start his own business as a sugar broker. As a sugar broker, Moses dealt with Cuban sugar growers, found buyers for their product, exchanged currency, and advised and assisted them with their investments. Although he never visited Cuba, Taylor's friendship with Henry Augustus Coit, a prominent trader who was fluent in Spanish, allowed him to trade with the Cuban growers. Taylor soon discovered that loans and investments provided returns that were as good as, or better than, those from the sugar business. By the 1840s his income was largely from interest and investments. By 1847, Moses Taylor was listed as one of New York City's 25 millionaires.
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