Jeremiah Milbank

Jeremiah Milbank (April 18, 1818 – June 1, 1884) American businessman, was a successful dry goods commission merchant, speculator in Texas territorial bonds, manufacturer, and railroad investor.

His most successful business efforts were the New York Condensed Milk Company (1857, renamed the Borden Company in 1899) which he co-founded with inventor Gail Borden[1] and the Chicago, Milwaukee and St. Paul Railway (1876) where he was a member of the executive committee of the Board of Directors.

[2][3] Milbank was a founder and president of the board of trustees of the Madison Avenue Baptist Church at 31st.

The city of Milbank, South Dakota, which is the seat of Grant County, was founded in 1880 and named in his honor.

His grandson Jeremiah Milbank was a close friend of Herbert Hoover and a prominent philanthropist for people with disabilities.