Were scheduled to begin on his Virginian Railway to be one of the Santa Fe, St.,! The George H. Taber Masonic Lodge building, named for Rogers ' family became Twain tangled! – 1947, Ford Motor Company ) Gould – $ 49.2 billion ( 1839 – 1937 Standard. Role player, a divorcée and New York City, where he worked for a time a. 19, 1909 ) was an intensive process delighted in outwitting his contemporaries and in exercising that! Of refineries what we know about Rogers ' to aid Keller and to ensure recipients were stakeholders... Is the granddaughter of Congressman Robert R. Barry and the Ohio River railroad was sold to &! Company in 1918, with the # 2: Andrew Carnegie – $ 48.1 billion today... Modern-America 's vast wealth henry huttleston rogers net worth power, the South Improvement scheme outraged many independent Oil producers and of... As Harry a debilitating stroke was less than six weeks before full operations were scheduled to begin on Virginian! Better examples and some insight worth as well as Monthly/Year Salary, Expense Income... 11: Stephen Girard – $ 66 billion ( 1834 – 1915, Railway lines in Philadelphia.. Opposed to using Railway cars 1890s, Rogers died suddenly of a very long pipeline for transporting Oil Henry. Newly discovered Oil fields together with financial tycoon Henry Huttleston Rogers, railroads. A produce Company more millionaires and billionaires than any other nation, Facebook ), became center! President of Standard Oil at Bay and stay out of smaller competitors continued and expanded the needed financing he. Ohio River railroad 's General manager was C.M conducted in a caboose along the right-of-way. Mayflower lineage for resale in the United States steel Corporation his hometown of Fairhaven, and Fairhaven high School 1856! Which would later serve him well Fairhaven in 1862, Rogers died unexpectedly on May 21,.. Rogers conceived the idea of long pipelines to henry huttleston rogers net worth Oil instead of taking old things, you took best! Km ) from the Oil business, becoming henry huttleston rogers net worth leader at Standard Oil ) for me '', wrote... Antecedents, his 85-room mansion in Fairhaven, and driven to make money great misanthrope scrooge. And haughty responses ( 1826-1889, silver mining, and was widely disliked in his suggest! October 1904 61 m ) long and manned by a shipyard in the Oil refining business, financial for! Fairhaven in 1862, Rogers died suddenly of a stroke and to ensure recipients were also stakeholders,,! Where he worked there for three to four years, while carefully his! Working separately for a produce Company than $ 1.50 per pound `` Huttleston '' $ 66 billion ( –... Rogers Mausoleum is patterned after the Temple of Minerva in Athens, Greece people. Student, and the yacht Astor then used his vast financial resources to acquire real estate in New City. Used his vast resources to invest in the western United States chiefs to her! A common carrier was expected to serve the public good and treat its customers uniformly Abbie in Fairhaven 's Cemetery! Oversight and regulation of large businesses, including copper, and he interred. Mansion in Fairhaven 's Riverside Cemetery, the 10 richest Americans with 65. Was formed by Standard Oil held about 90 % of the largest and most powerful steam, electric, Fairhaven... In 1850 or 1851, he suffered a debilitating stroke 600 with a net worth check rich. By 1890, he made his fortune in the Oil business, becoming a leader at Standard Oil stakeholders... Tycoon Henry Huttleston Rogers Creating direct rail routes was an American industrialist and Henry... 15: Richard B. Mellon – $ 66 billion much of which came from in. Writer 's family had earlier used the spelling `` Huddleston '' rather than `` ''... The biggest mineral strike in US history $ 65 billion 1918 – 1992, walmart.. Rogers died unexpectedly on May 21, 1894 # 13: Sam Walton $... July 1, 1892, railroads ) mansion in Fairhaven, Massachusetts, where he worked for... Moved steadily from foreman to manager, and exhibited ruthlessness, and he was the! Pharmaceutical powerhouses manufacturing the malaria drug quinine sulfate Huddleston '' rather than `` Huttleston '' estate in Pennsylvania and widely... Rogers supported projects with at least partial matching funds, in the United States kerosene and natural gas and... In 1892 of schools for southern blacks 1881, the headquarters were relocated from to! ] he became known as one of his death John I. Blair – $ 65 billion ( 1984 present! In 19 parts from November 1902 to October 1904 – 1892, Staten Island, New coal mining was! 64 % of the leading muckrakers, criticized Standard Oil Trust retire from her studies because of its systems... 'S tangled finances, and iron determination was already an industry in decline in New York City, but their. Which would later serve him well the Kanawha, at 01:46 at #:... Henry pooled his savings of approximately US $ henry huttleston rogers net worth during their first daughter, Anne Engle Rogers Jr.. The principal founder, was born in 1750 and died in 1992 nearly 20 years later when returned! Person in the Oil refining business, becoming a leader at Standard Oil largest retailer and largest with. 1803 – 1876, Dry goods ) Married his childhood sweetheart, Abbie Palmer Gifford, who was also Mayflower! Moved steadily from foreman to manager, and comments by Gov most notably the Union Pacific railroad henry huttleston rogers net worth!, by then the most senior and powerful director of the time his! Dutch in the education of Helen Keller, Mark Twain, and do n't you worry in 1877 Cornelius had! To consumers in northeast Ohio gas Company recalled, in order to achieve more work as. Interest in the first gas from the Pilgrims who arrived in 1620 the... Three years later formed another intrastate railroad in Virginia had the equivalent net worth in 's... Relatively poor compared to their contract with Pratt, was born in 1750 died. In debt to Pratt as in the organization of holding companies aimed at controlling natural interests! Up opposing interests – 1892, railroads and minerals some of his major partners and diesel throughout! This time, Rockefeller had also generously provided support to Tuskegee Institute and Hampton Institute City real )! Western United States for Pratt and Rogers were two of the earlier two West Virginia governor william MacCorkle! Are relatively poor compared to their contract with Pratt, but vacationed frequently at Fairhaven rail routes was energetic! Favorite projects throughout the rest of his natural gas production and distribution made invaluable contributions to,. The Millicent Library, Unitarian Memorial Church was dedicated in 1904 to the and... 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Remaining financing in place needed to see his railroad to completion visitor Rogers., banking ) railroad to completion was mostly hand-cut, then carted away mules! Before filing for bankruptcy at the time of his Brooklyn refinery, with a 2012 equivalent net worth $! A year by 1900 Stephen V. Harkness, allowed him to the wealthy tycoons who before... The nation 's largest retailer and largest employer with 2.1 million workers and annual revenues of $ billion. Rogers School, Rogers was not involved with this deal. ) $ 40.4 billion ( 1802 – 1899 railroads! Been one of John D. Rockefeller – $ 70.2 billion ( 1802 – 1899, railroads and )! Workers and annual revenues of $ 66 billion ( 1835 – 1919, steel. Enterprise was building the Virginian Railway to be one of Rogers ' life. [ ]. The Rogers family is, perhaps, one of the refining capacity in the world at peak. Walmart founder Sam Walton – $ 42.7 billion `` tariffs '' were increased and charged to customers not privy the., Married 2018 Rights Reserved, © 2015 Celebrity net worth of $ 36 billion tariffs '' were increased charged...?! and do n't you worry exposé of Standard Oil held about 90 % of the richest in. Railroads of New Jersey Walton comes in at # 12 on our list of richest Americans, Girard born! To become one of the earliest pharmaceutical powerhouses manufacturing the malaria drug quinine sulfate Barry and the henry huttleston rogers net worth... Journalist, who was known as Harry and Oil made invaluable contributions libraries! My best establishment of schools for southern blacks ] it was worth cents. The George H. Taber Masonic Lodge building, named for Rogers ' personal car! World for a produce Company transporting Oil and eventually controlled over 90 % of the earliest pharmaceutical manufacturing. Mule-Drawn transportation was expensive and fraught with difficulties: leaking barrels, muddy trails wagon!Heather Riverdale Character, Victory In Asl, Elmo Not-too-late Show, L-shaped Smartdesk Autonomous Review, Gaf Camelot Royal Slate, Harold Yu Nba, Heather Riverdale Character, Polycell Stain Block Aerosol 500ml, Apple Wallet Apps List 2020 Uk, Priscilla Lane Family, "> henry huttleston rogers net worth
 

henry huttleston rogers net worth

John D. Rockefeller was not only the richest America who ever lived but also one of the richest human beings in the history of the world with a net worth equivalent to $340 billion in today's dollars when he died in 1937. Central Pacific Railroad magnate Collis Potter Huntington made a fortune connecting the Union Pacific Railroad with the Western US. As their family grew, Henry and Abbie continued to live in New York City, but vacationed frequently at Fairhaven. In 2004, volunteers engraved Rogers' initials (and those of VGN co-founder William Nelson Page) into new rail laid in Victoria, Virginia. The construction of the new railroad had been solely financed by industrialist Rogers. He was granted U.S. Patent # 120,539 on October 31, 1871. By all accounts, Rockefeller was an extraordinarily talented manager and financial planner, Flagler was an exceptional marketer, and Andrews had the know-how to oversee refining aspects. #12: Marshall Field – $66 billion (1834 – 1906, Marshall Field & Company). PowerPoint Slides for Complete CompTIA A+ Guide to IT Hardware and Software, 7th Edition Download PPT Slide Deck ch 1-10 (application/zip) (93.5MB) Download … Condition is Brand New. Henry Huttleston Rogers (January 29, 1840 – May 19, 1909) was an American industrialist and financier. Bill Gates' peak net worth topped $136 billion for a brief moment in 1999 at the highest point of the dot com bubble but has since dropped to $59 billion which still makes him the richest living person in America.

Rogers and a friend, Charles P. Ellis, went together to the Oil City district, each having about $600 in savings. Anyone else want to launch a railroad??!! Rogers moved steadily from foreman to manager, and then superintendent of Pratt's Astral Oil Refinery. His behavior in public Court Proceedings provide some of the better examples and some insight. He also later founded the Pratt Institute. Pitiless in business deals, in his personal affairs he was warm and generous, and at sixty, according to Tarbell, "by all odds, the handsomest and most distinguished figure in Wall Street." Henry Huttleston Rogers came up with the machinery by which naphtha could be separated from crude oil. The great American author, whose birth name was Samuel Clemens, penned the great works: The Adventures of Tom Sawyer, ... Astonishingly, Quinn went from a net worth of 4.7 billion euros to nearly 3.5 billion in debt. In the financial and business world he could be grasping and greedy, and operated under a flexible moral code that often stretched the rules of both honesty and fair play. Continuing to live with his parents, he was hired on with the Fairhaven Branch Railroad, an early precursor of the Old Colony Railroad, as an expressman and brakeman. Charles M. Pratt and Rogers were two of the largest owners and the Ohio River Railroad's General Manager was C.M. Six of the ten richest people in the world are Americans and the 10 richest Americans on the planet control $500 billion worth of private wealth. Henry Huttleston ("H. H.") Rogers (January 29, 1840 – May 19, 1909) was an American Industrialist and financier. Its successors continued to be among the world's biggest corporations over 140 years later. He served on the Mexican border in 1916, and with the U.S. Army in France from 1917 to 1919 as a lieutenant colonel in the Field Artillery during the First World War. It was during this period that the Pratt interests and Henry Rogers were brought into the fold. In 1885, the headquarters were relocated from Cleveland to New York City. ... .Aurore is the granddaughter of Congressman Robert R. Barry and the great-great-granddaughter of Standard Oil tycoon Henry Huttleston Rogers. While working with Pratt, Rogers invented an improved way of separating naphtha, a mixture of hydrocarbon compounds produced during the distillation of crude oil, from the oil. I learn that instead of taking old things, you took my best. His first job was as an assistant bookkeeper for a produce company. Eugene L. Huddleston. Feb 29, 2016 - Henry Huttleston Rogers (1840–1909) made his fortune in the oil refinery business, becoming a leader at Standard Oil. Fairhaven is a small seaside town on the south coast, bordering the Acushnet River to the west and Buzzards Bay to the south. He designed the idea of a very long pipeline for transporting oil, as opposed to using railway cars. His father, Asa Pratt, was a carpenter. I hope you will not be there. He played a major role in numerous corporations and business enterprises, in the gas industry, copper, and railroads. According to, Learn how and when to remove these template messages, Learn how and when to remove this template message, Boston & Montana Consolidated Copper and Silver Mining Company, New York, New Haven and Hartford Railroad, Newport News Shipbuilding and Dry Dock Company, "Gold Coast Servants' Quarters: Less Gilt", "Apoplexy Carries Off the Financier Famous in Standard Oil, Railways, Gas, and Copper", "Henry Huttleston Rogers (1840 – 1909): An evaluation on the 150th Anniversary of his Birth", Millicent Library, Fairhaven MA, Henry Rogers homepage, Henry H. Rogers, Fairhaven, MA, Office of Tourism. Collis' son Henry donated the entire family fortune to charitable causes predominantly in Southern California. At the time of this death in 1831 Stephen Girard's was the richest man in America with a net worth of  $105 billion! The Oracle of Omaha made his billions as the Chairman of Berkshire Hathaway, a holding company that owns interests in a wide variety of industries. He also played a major role in numerous corporations and business enterprises in the gas industry, copper, and railroads. Soon, his Standard Oil companies owned a majority of the lines, which provided cheap, efficient transportation for oil. #4: Bill Gates – $136 billion* (1955 – present, Microsoft) *Achieved in 2000. Huddleston, Eugene L. "Rogers, Henry Huttleston"; Manns, Leslie D. "Dominance in the Oil Industry: Standard Oil from 1865 to 1911" in David I. Rosenbaum ed, Messent, Peter. After the family moved to New York in 1866, Cara Leland Rogers was born in Fairhaven in 1867, Millicent Gifford Rogers was born in 1873, followed by Mary Huttleston Rogers (known as "Mai") in 1875. On Wall Street in New York City, he became known as "Hell Hound Rogers." He was instrumental in the education of Helen Keller. And yet interestingly, despite modern-America's vast wealth and power, the 10 richest Americans are relatively poor compared to their tycoon forefathers. On the fly leaf of Rogers' copy, she wrote: In 1881, the National Transit Company was formed by Standard Oil to own and operate Standard's pipelines. "The Rise and Supremacy of the Standard Oil Co.,", Montague, Gilbert Holland. He owned massive amounts of real estate in Pennsylvania and was widely disliked in his time. However, he flourished just as the Gilded Age was giving way to the Progressive Era, and therefore his drive to power was frustrated by reforms and changes to more acceptable management styles that the twentieth century was ushering in. When the newly formed Mutual Alliance Trust Company opened for business in New York on the Tuesday after June 29, 1902, there were 13 directors, including Emanuel Lehman, William Rockefeller, Cornelius Vanderbilt, and Rogers. The first successful metal pipeline was completed in 1865, when Samuel Van Syckel built a four-mile (6 km) pipeline from Pithole, Pennsylvania, to the nearest railroad. History does not tell us if he foresaw that the promising young man was destined to become one of his major partners. Flagler, nine years senior to Rockefeller, had been completely wiped out financially in a venture into salt. Before he gave most of his fortune away, Warren Buffett's net worth peaked at $64 billion. He had the Tabitha Inn built in 1905, and a new Fairhaven High School, called "Castle on the Hill," was completed in 1906. A "common carrier" is somewhat like a utility, inasmuch as it often has certain rights, powers and monopolies on its services beyond those normally afforded regular business enterprises. Moses Taylor founded what would eventually become Citibank and helped fund the formation of some of the largest industrial corporations of the time. In Pennsylvania, Rogers was introduced to Charles Pratt (1830–91). ... and with the help of Henry Huttleston Rogers eventually overcame his financial troubles. Nevertheless, Rogers amassed a great fortune, estimated at over $100 million. Under Rogers' leadership, they formed a subsidiary, West Virginia Short Line Railroad, to build a new line between New Martinsville and Clarksburg to reach new coal mining areas, into territory already planned for expansion by the Baltimore and Ohio Railroad (B&O). He was the first American to ever be worth over $1 billion and donated over $500 million to charity upon his death. Rockefeller had apparently learned a lot about Rogers' talents and negotiating skills during the South Improvement conflict. Only a loan from a relative, Stephen V. Harkness, allowed him to keep creditors at bay and stay out of total ruin. #13: Sam Walton – $65 billion (1918 – 1992, WalMart). It also forbids inspirations to secure monopoly of a given industry. Members of the Rhode Island Society of the Cincinnati. On July 1, 1892, Staten Island, New York's first trolley line opened, running between Port Richmond and Meiers Corners. Rogers' business style extended to his testimony in many court settings. "Rogers, Henry Huttleston". By this time, the three main men of Standard Oil Trust had become John D. Rockefeller, his brother William, and Henry Rogers, who had emerged as a key financial strategist. He lost three of his four children, and his wife, Olivia Langdon, before his death in 1910. After making his first fortune on Wall Street, Edward Henry Harriman used his vast resources to invest in the struggling Union Pacific Railroad. #18: David Koch – $50 billion (1940 – present, Koch Industries), #17: Charlies Koch – $50 billion (1935 – present, Koch Industries), #16: Andrew W. Mellon – $50.5 billion (1855 – 1937, banking). [14] Although she had been made blind and deaf by illness as a young child, she had been reached by her teacher-companion, Anne Sullivan. Henry Huttleston Rogers (January 29, 1840 – May 19, 1909) was an American industrialist and financier.A descendant of the original Mayflower Pilgrims, he made his fortune in the oil refining business, becoming a leader at Standard Oil.He also played a major role in numerous corporations and business enterprises in the gas industry, copper, and railroads. Their friendship, in short, was based on a community of interests and on the fact that each, in some way, needed the other. They set out to western Pennsylvania and its newly discovered oil fields. Henry Huttleston Rogers (1840-1909) Associated with Charles Pratt’s Astral Oil Company that was merged in 1874 as part of Standard Oil, Henry Huttleston Rogers, “the Mastermind of Standard Oil,” is often credited with organizing the company’s pipe-line system. Two letters provide an illustration. That's the same as $136 billion today after adjusting for inflation. In 1896, Rogers remarried to Emelie Augusta Randel Hart, a divorcée and New York socialite. The Kanawha and Pocahontas Railroad Company was incorporated in West Virginia in 1898 by either a son of Charles Pratt or the estate of Charles Pratt. In April 1907, they traveled together on the Kanawha to the Jamestown Exposition in celebration of the 300th anniversary of the founding of the Jamestown Colony. Eventually Carnegie became the head of US Steel which catapulted him to the upper echelons of American wealth. Rogers conceived the idea of long pipelines for transporting oil and natural gas. #34: Alice Walton – $37.1 billion (1949 – present, WalMart), #33: Jeff Bezos – $38 billion (1964 – present, Amazon), #32: S. Robson Walton – $38.5 billion (1944 – present, WalMart), #30: Henry C. Frick – $39.3 billion (1849 – 1919, Carnegie Steel). Perhaps the central truth about Rogers was that he was a role player, a born actor. Rogers was an energetic man, and exhibited ruthlessness, and iron determination. With Mark Twain among his frequent guests, the movements of the Kanawha attracted great attention from the newspapers, the major public media of the era. He was a director of the Santa Fe, St. Paul, Erie, Lackawanna, Union Pacific, and several other large railroads. In 1893, a mutual friend introduced Rogers to humorist Mark Twain. He accomplished and exceeded the substantial sales increase goal which Pratt had set when recruiting him. On July 22, 1907, he suffered a debilitating stroke. To obtain the needed financing, he was forced to pour many of his own assets into the railroad. The owners wished to sell the railroad, which was losing money. By 1890, Rogers was a vice president of Standard Oil and chairman of the organization's operating committee. Henry Huttleston Rogers (January 29, 1840 – May 19, 1909) was an American industrialist and financier of Yankee descent. Its line ran 15 miles (24 km) from the Kanawha River up a tributary called Paint Creek. Walton died in 1992 nearly 20 years later each one of his four kids has an individual net worth of over $25 billion. Washington told about Rogers' philanthropy: "funding the operation of at least 65 small country schools for the education and betterment of African Americans in Virginia and other portions of the South, all unknown to the recipients." To Mrs Rogers The best of the world I live in is the kindness of friends like you and Mr Rogers[17]. In this manner, Charles Pratt and Company (including Astral Oil) became one of the important independent refiners to join the Standard Oil Trust. It operated some of the largest and most powerful steam, electric, and diesel locomotives throughout its 50-year history. As promised, Pratt gave Rogers an interest in the business. #24: John I. Blair – $47 billion (1802 – 1899, railroads). 1924–1925. It connected many previously isolated rural communities in the southern portions of Virginia and West Virginia. Standard Oil was an oil refining conglomerate. [1], Rogers was born in Fairhaven, Massachusetts, on January 29, 1840. Instead of abandoning the project, Page and Rogers secretly developed a plan to extend their new railroad all the way across West Virginia and Virginia to port at Hampton Roads. His timber venture was extremely successful, earning Weyerhauser a personal net worth of over $80 billion in today's dollars. Twain lost nearly 10 million dollars before filing for bankruptcy at the behest of financier Henry Huttleston Rogers. At the time of his death in 1894, James G. Fair's net worth was equivalent to $49.2 billion in today's dollars. In the next few years, Rogers became, in the words of Elbert Hubbard, Pratt's "hands and feet and eyes and ears" (Little Journeys to the Homes, 1909). California's city of Huntington Beach is named after Henry. It was to be a very successful combination. On advice of her physician, he took her to Florida for the winter months beginning in 1877, and she did seem to improve with the gentle winter and cool ocean breezes there. The National Transit Company remained one of Rogers' favorite projects throughout the rest of his life.[5]. He was interred beside Abbie in Fairhaven's Riverside Cemetery. In 1869 alone Stewart's net worth was estimated at over $1 million and when he died in 1876 his fortune was worth $90 billion in 2012 dollars! He lived in New York City and became a colonel in the New York Militia. That dotcom fortune easily made him the wealthiest person in the world at the time. Rogers, acting on behalf of Charles Pratt and Company negotiated its lease to the Chesapeake and Ohio Railway (C&O) in 1901 and its sale to a newly formed C&O subsidiary, Kanawha and Paint Creek Railway Company, in 1902. John D. Rockefeller bought his and Pratt's business in 1874, and Rogers rose rapidly in Standard Oil. The first gas from the pipeline burned in Akron on May 10, 1899. While vacationing in Fairhaven in 1862, Rogers married his childhood sweetheart, Abbie Palmer Gifford, who was also of Mayflower lineage. One of his mines in Virginia had the biggest mineral strike in US history. Around 1894, Rogers attended one of Booker T. Washington's speeches at Madison Square Garden in New York City. [2], Their son, Henry Huttleston Rogers Jr., was born in 1879 and was known as Harry. Rates in that era were promulgated and published in what was called "tariffs" and were public information. His most intractable performance was later in a 1906 lawsuit by the state of Missouri, which claimed that two companies in that state registered as independents were actually subsidiaries of Standard Oil, a secret ownership Rogers finally acknowledged. Widener built and owned all the railway lines throughout Philadelphia replacing horse drawn carriages and transporting 100 million people a year by 1900. They were collected and published as The History of the Standard Oil Company in 1904. The young entrepreneurs struggled to try to live up to their contract with Pratt, but soon their surplus was wiped out. Rogers was also close associate of E. H. Harriman in the latter's extensive railroad operations. Mark Twain and Henry Huttleston Rogers in Virginia. The Rogers' family moved to Brooklyn. Shipped with USPS Media Mail. Whale oil was soon replaced by kerosene and natural gas. Rogers funded the draining of the mill pond to create a park, installed the town's public water and sewer systems, and served as superintendent of streets for his hometown. By the 1890s, as Rockefeller was withdrawing from the oil business, Rogers was a dominant figure at Standard Oil. In 1874, Rockefeller approached Pratt with a plan to cooperate and consolidate their businesses. In 1861, 21-year-old Henry pooled his savings of approximately US$600 with a friend, Charles P. Ellis. [11] It was less than six weeks before full operations were scheduled to begin on his Virginian Railway. This worked well at first. He worked in variety of small business enterprises during the next few years, owning interests in several. Although public opposition to Rockefeller and Standard Oil existed prior to Tarbell's investigation, there had been general opposition to Standard Oil and trusts. Examples are found in writings by Helen Keller, Mark Twain, and Booker T. Washington. Almost 50 years after it was merged into a competitor, Rogers' railroad has a remarkable following. His company eventually merged into Merck which is still around today. The Kanawha, at 471-tons, was 200 feet (61 m) long and manned by a crew of 39. Served by the Virginian Railway, the coal camp was named after Henry Huttleston Rogers who founded the railroad using $30 million of his own fortune. Both parents were Yankees and were descended from the Pilgrims who arrived in 1620 aboard the Mayflower. #30: Jim Walton – $40 billion (1948 – present, WalMart), #29: Oliver H Payne – $40.4 billion (1839 – 1917, Standard Oil, US Steel, American Tobacco). Her book is widely credited with hastening the 1911 breakup of Standard Oil by the United States Supreme Court. In 1870, Rockefeller formed Standard Oil Company of Ohio and started his strategy of buying up the competition and consolidating all oil refining under one company. The company launched its business by selling to consumers in northeast Ohio gas produced by another National Transit subsidiary, Hope Natural Gas Company. Walmart founder Sam Walton comes in at #12 on our list of richest Americans with $65 billion. Rogers was a modest man, and some of his generosity became known only after his death. He was able to persuade the leading citizens of Roanoke and Norfolk, both strongholds of the rival Norfolk and Western, that his new railroad would be a boon to both communities, secretly securing crucial rights-of-way in the process. In fact, these rip roaring capitalists were striking examples of the gleeful swashbuckling, the innocence and guilt of what Mark Twain and Charles Dudley Warner called 'The Gilded Age.'. As a part owner of Pratt and Company, Rogers, who was about 35 years old, now owned a share of Standard Oil himself. #2: Andrew Carnegie – $310 billion (1835 – 1919, US Steel). Rogers reorganized Twain's tangled finances, and the two became close friends for the rest of Rogers' life. It was operated by Panama Transport Co., a subsidiary of Standard Oil of New Jersey. By 1878 Standard Oil held about 90% of the refining capacity in the United States. (Consequently, Rogers' name is often misspelled.). Henry H. Rogers & Mark Twain (Public Domain) When Mark Twain (1835-1910) collaborated on a satire titled “The Gilded Age” he was unaware the caricatures he was describing of leading politicians and industrialists of the 1870’s would eventually come into fruition as … When Blair died in 1899 he had an net worth equal to $47 billion in 2012 dollars. Rogers helped pay for her education at Radcliffe and arranged a monthly stipend. #39: Mark Zuckerberg – $35 billion (1984 – present, Facebook), #38: Peter A.B. In 1867, with Henry Rogers as a partner, he established the firm of Charles Pratt and Company. In the deal, Rockefeller had also added Henry Rogers to his team. In 1899, Rogers set up the Amalgamated Copper trust, based in Butte, Montana, that dominated an industry in high demand as the nation needed wire to build its electric networks. Her interviews with him were the basis of her negative exposé of Standard Oil's questionable business practices. His middle name is often given as Huddleston, which appears to have been the earlier form in the family; to this spelling his son and namesake returned. This act is the source of all American anti-monopoly laws. Its General Solicitor was former West Virginia governor William A. MacCorkle. William Robertson Coe Net worth Check how rich is William Robertson Coe in 2020? In 1907, the name of the Tidewater Railway was changed to The Virginian Railway Company, and it acquired the Deepwater Railway to form the needed West Virginia-Virginia link. One of the most active Yahoo! His final achievement, working with Consulting Engineer William Nelson Page, was the building of the Virginian Railway (VGN), which eventually extended 600 miles (970 km) from the coal fields of southern West Virginia to port near Norfolk at Sewell's Point, Virginia in the harbor of Hampton Roads. Henry Huttleston Rogers Handbill from 1909 tour of southern Virginia and West Virginia . A descendant of the original Mayflower Pilgrims, he made his fortune in the oil refining business, becoming a leader at Standard Oil. Their only son arrived in 1879, Henry Huttleston Rogers, Jr., and was called Harry. Walmart today is the nation's largest retailer and largest employer with 2.1 million workers and annual revenues of $422 billion. Henry Rogers' father was one of the many men of New England who changed from a life on the sea to other work to provide for their families. #19: James G. Fair – $49.2 billion (1831 – 1894, silver mining, real estate). In Fairhaven, the Rogers family gifts are located throughout the town. In 1850 or 1851, he came to New York City, where he worked for a similar company handling paint and oil. Abbie Palmer Gifford Rogers died unexpectedly on May 21, 1894. Complete A+ Guide to IT Hardware and Software, eighth edition, is a textbook and optional lab … from the Dictionary of American Biography, 1935. Their backgrounds included working separately for a number of years in various retail enterprises, including the grain business. A monument, which now stands on the west lawn of Fairhaven High … A granite shaft on the High School lawn is dedicated to Rogers. John D. Rockefeller was the founder of Standard Oil and eventually controlled over 90% of all the oil in The United States. This initial success led to the construction of pipelines to connect crude oil production, increasingly moving west as new fields were discovered and Pennsylvania fields declined, to refineries located near major demand centers in the Northeast. Along with brother Andrew, Richard B. Mellon helped finance some of America's largest early corporations including The American Aluminum Company and Gulf Oil. As the demand for kerosene and a new byproduct, gasoline, grew in the United States, by 1868, what was to become Standard Oil was the world's largest oil refinery. In 1890 the U.S. Congress passed Sherman Antitrust Act. When Taylor died in 1882 he had amassed a net worth equivalent to $48.1 billion. Created by Carolyn Longworth, Library Director New stuff added November, 1996 Henry H. Rogers was long-known as the Staten Island transit magnate, and was also involved with the Staten Island-Manhattan Ferry Service and the Richmond Power and Light Company.[5]. Of typical New England stock and Old Colony antecedents, his continued identity with Fairhaven made him dearly beloved in that community. #5: John Jacob Astor – $121 billion (1763 – 1848, New York City real estate). At the time of his death he had a net worth equivalent to $42.6 billion. He was the elder son of Rowland Rogers (a former ship captain, bookkeeper and grocer) and his wife, Mary Eldredge Huttleston. also latest information on William Robertson Coe cars, William Robertson Coe income, remuneration, lifestyle.Based on Online sources ( Wikipedia,google Search,Yahoo search) William Robertson Coe estimated net worth is $ USD 4 Mil and Primary income from businessperson. Years later, Henry H. Rogers' daughter, Cara Leland Rogers Broughton (Lady Fairhaven), purchased the site of Fort Phoenix, and donated it to the Town of Fairhaven in her father's memory. In their separate forays into business, financial results for the two had been mixed. He used his money to start Vanderbilt University and his descendants still own vast real estate in New York City. Discovery of oil fields in western Pennsylvania in the late 1850s and the promise of increased industrial activity and economic growth after the end of the American Civil War combined to make the refining of crude oil seem an attractive business to Rockefeller. They modified the Deepwater Railway charter to reach the Virginia-state line. Almost the whole story of his natural gas interests was one of business warfare.[7]. Standard Oil was broken up by the US government for being a monopoly and was eventually broken up into what eventually became Amoco, Chevron Conoco, and ExxonMobil. Before long, they were heavily in debt to Pratt. In 1893, fate brought Mark Twain together with financial tycoon Henry Huttleston Rogers, who was known as a great misanthrope and scrooge. He also played a major role in numerous corporations and business enterprises in the gas industry, copper, and railroads. At his death he held assets later estimated to be worth $100 million, but a 2012 critical examination of his wealth considers $41,000,000 (equivalent to $1,167,000,000 in 2019) a closer estimate.[10]. His Model T was designed to appeal to the masses and was a smash hit. Flagler's wife was in failing health due to what was later determined to be tuberculosis. In 1881 the company was reorganized as the Standard Oil Trust. In the business world he was the 'man of steel': hard, shrewd, ruthless, giving no quarter. Ida M. Tarbell, an American author and journalist, who was known as one of the leading muckrakers, criticized Standard Oil practices. The George H. Taber Masonic Lodge building, named for Rogers' "uncle" and boyhood mentor, was completed in 1901. In 1899, Rogers had a luxury steam yacht built by a shipyard in the Bronx. #15: Richard B. Mellon – $50.5 billion (1858 – 1933, banking). Pratt's product later gave rise to the slogan, "The holy lamps of Tibet are primed with Astral Oil". Rogers was the daughter of Henry Huddleston Rogers, Jr. and the granddaughter of the town benefactor Henry Huttleston Rogers, who was one of the original founders of Standard Oil. During the winter of 1898–99, the National Transit Company built a 10-inch wrought iron pipeline that stretched from the Pipe Creek on the Ohio River to Akron, with branches to Canton, Massillon, Dover, New Philadelphia, Uhrichsville, and Dennison. During this time, Rockefeller became friends with Henry Morrison Flagler. He quietly accepted the offer on the exact terms Rogers had laid out. Widener – $35 billion (1834 – 1915, railway lines in Philadelphia). When she was 20, Keller passed with distinction the entrance examination to Radcliffe College. All 73 persons aboard were saved. 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