David Leavitt

Who was David Leavitt?

David Leavitt was an early New York City banker and financier. As president of the American Exchange Bank of New York during the Financial Panic of 1837 he represented bondholders of the nascent Illinois and Michigan Canal, allowing completion of the historic canal linking the Midwest with the East Coast. For his role in helping prevent the collapse of the canal scheme, Chicago authorities named Leavitt Street after the financier. Leavitt was also an early art collector, and many of the artist Emanuel Leutze's paintings, including that of Washington at Valley Forge, were initially in Leavitt's collection housed at his Great Barrington, Massachusetts estate.