Thomas W. Olcott

Thomas Worth Olcott (May 22, 1795 – March 23, 1880) was an American banker who served as president of the Mechanics' and Farmers' Bank of Albany, an institution he was connected with for 69 years.

[2] In early life, and up to 1860, Olcott was a Democrat and member of the Albany Regency instituted by Martin Van Buren.

[4] In 1863, while Abraham Lincoln was president, Secretary of the Treasury Salmon Chase offered him the position as the first Controller of the Currency which he declined.

He also refused the nomination for New York State Controller, which his youngest son held from 1877 to 1879.

Together, they had a well known mansion on Ten Broeck Street in Albany and were the parents of eleven children, including:[5] Olcott's wife died on March 12, 1867.

Samuel Tilden became the first governor to reside in the house when he rented it in 1875, and the state purchased it two years later.