Albert Gallatin Scholfield
Albert Gallatin Scholfield (1807–1901)[1] was the founder of Scholfield's Commercial College in Providence, Rhode Island, the first business school in the state.
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Albert Gallatin Scholfield was born in 1807 to John and Betsy Scholfield of Jewett City, Connecticut. The Scholfields were a family of wool manufacturers.[2] Albert Scholfield married Harriet Newell Bolles, and after her death re-married. In 1846 Scholfield moved to Providence, Rhode Island. He was a supporter of the double-entry bookkeeping system, while the merchants in Providence were using the single-entry system.[3] Albert published books about accounting stressing not only the mathematical concepts but also the legal, morality, and fiduciary duties.[4] To teach the new method, in June 1846 Scholfield founded Scholfield's Commercial College in downtown Providence[3] as the first business school in the city.[3] Eventually the double-entry method became the dominant accounting system in town.[3] Scholfield is buried in the Swan Point Cemetery.
References
- "The Rhode Island Historical Cemeteries Transcription Project Index". US GenWeb Project. Retrieved 15 January 2016.
- Bulletin - Volume 29 (National Association of Wool Manufacturers), pg. 230 (footnote) https://books.google.com/books?id=hYFAAQAAMAAJ
- Greene, Welcome Arnold (1886). The Providence Plantations for Two Hundred and Fifty Years. Providence, RI: J. A. & R. A. Reid. p. 174. Retrieved 15 January 2016.
- R Vangermeersch, The Life and Writings of John C. Colt (1810 ... - DigitalCommons@URI digitalcommons.uri.edu/cgi/viewcontent.cgi?article=1019&context=sc_pubs (2010), pg. 28
Works by Scholfield
- Elementary and Practical Treatise on Book-keeping (1884) a book by A.G. Scholfield