Dudley Olcott

Dudley Olcott (September 21, 1838 – December 28, 1919) and Caroline Dwight ( Pepoon) Olcott (1797–1867). His father served as President of the Mechanics' and Farmers' and the Mechanics' and Farmers' Savings Bank of Albany. Among his siblings was brother Frederic P. Olcott, the 24th New York State Comptroller.

He was educated at The Albany Academy, before attending the Rensselaer Polytechnic Institute,

Career After graduating from the Rensselaer Polytechnic Institute in 1858, he became an accountant in the Mechanics' and Farmers' Bank of Albany, of which his father had been president since 1836. The younger Olcott became assistant cashier, followed by cashier for thirteen years until he was chosen as vice president of the bank on December 31, 1878.

In 1867, he was appointed Paymaster General by fellow Republican governor Reuben Fenton, serving until 1869. He was a member of the board of governors of the Albany Hospital, trustee of Home for Aged Men, a trustee of Albany Orphan Asylum, and a trustee of the Albany Academy for Girls.

Although he did not have any children, his brother Frederic named his son, Dudley Olcott II (1874–1946), the prominent banker, after him. Dudley Olcott II, a horse trotter, also purchased the Herald Square Hotel for over $1,000,000 in 1913.