In 1837, he established a brokerage firm on Pennsylvania Avenue and 15th Street in Wasgington, D,C. and was very successful. Corcoran entered into a partnership with George Washington Riggs as the firm of Corcoran and Riggs (taken over by PNC Bank recently). . In 1845, they bought the United States Bank.
With his fortune made, William retired in 1854 and devoted himself to collecting art and philanthropy.
It was around this time that Simon Sommers starting working for him, taking care of his considerable land interests out west.
Since William Corcoran was so wealthy and lived through the Civil War, I'm sure he must have had some role in it, but Wikipedia did not mention it.
--Old Secesh
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