Mark Twain's Correspondence with Henry Huttleston Rogers, 1893–1909, Dr. Booker T. 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In 1908, he put the remaining financing in place needed to see his railroad to completion. 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. Twain praised "this marvelous child" and hoped that Helen would not be forced to retire from her studies because of poverty. 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." They modified the Deepwater Railway charter to reach the Virginia-state line. Pratt made Rogers foreman of his Brooklyn refinery, with a promise of a partnership if sales ran over $50,000 a year. 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. He was also an extremely successful investor and speculator who what one point own more gold than anyone on the planet. A Rogers coal property attorney in Staunton, Virginia formed another intrastate railroad in Virginia, the Tidewater Railway. #26: Henry Huttleston Rogers – $42.6 billion (1840 – 1909, Standard Oil). He was the first American to ever be worth over $1 billion and donated over $500 million to charity upon his death. Both parents were Yankees and were descended from the Pilgrims who arrived in 1620 aboard the Mayflower. Initially, Rogers' involvement in the project began in 1902 with Page's Deepwater Railway, planned as an 80-mile (130 km) short line to reach untapped coal reserves in a very rugged portion of southern West Virginia, and interchange its traffic with the C&O and/or the N&W. Walmart today is the nation's largest retailer and largest employer with 2.1 million workers and annual revenues of $422 billion. 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]. ), The 25 Richest People Who Ever Lived – Inflation Adjusted, The 25 Richest People Who Ever Lived – Inflation Adjusted, All The People In Human History Who Have Had A Net Worth Greater Than $100 Billion, Jeff Bezos' Net Worth Is Inches Away From $100 Billion Thanks To Black Friday, With A Net Worth Of $150 Billion, Jeff Bezos Is Now The Richest Human In Modern History And The 10th Richest Human Ever. railway enthusiasts groups has more than 800 members. A common carrier was expected to serve the public good and treat its customers uniformly. 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. George Pullman invented a railway sleeping car which he named after himself the "Pullman Sleeper". Built following his policy of investing in the best route and equipment on initial selection and purchase to save operating expenses, the VGN enjoyed a more modern pathway built to the highest standards, and provided major competition to its larger neighboring railroads, each of whom tried several times unsuccessfully to acquire it after they realized it could not be blocked from completion. Silver magnate James C. Flood lived from 1826-1889 and had a net worth equivalent to $34 billion in 2012 dollars. Henry Huttleston Rogers (January 29, 1840 – May 19, 1909) was an American industrialist and financier. Although Ellis and Rogers had no wells and were dependent upon purchasing crude oil to refine and sell to Pratt, the two young men agreed to sell the entire output of their small Wamsutta refinery to Pratt's company at a fixed price. Shipped with USPS Media Mail. He lost three of his four children, and his wife, Olivia Langdon, before his death in 1910. Complete A+ Guide to IT Hardware and Software, eighth edition, is a textbook and optional lab … 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." They had no children. Her childhood home, a two-story, gable-end frame house built in the Greek Revival style, has been preserved. [2], Their son, Henry Huttleston Rogers Jr., was born in 1879 and was known as Harry. In Virginia and West Virginia, former employees, area residents, and enthusiasts of the Virginian Railway consider the entire railroad to have been a memorial to him. Chronicled by rail historian and rail photographer H. Reid in The Virginian Railway (Kalmbach, 1961), the VGN gained a following of railway enthusiasts which continues to the present day. Its General Solicitor was former West Virginia governor William A. MacCorkle. 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. [11] It was less than six weeks before full operations were scheduled to begin on his Virginian Railway. It was during this period that the Pratt interests and Henry Rogers were brought into the fold. Glen Rogers was constructed by the Raleigh-Wyoming Mining Company in 1918, with the #1 mine opening three years later. The young entrepreneurs struggled to try to live up to their contract with Pratt, but soon their surplus was wiped out. A representative case of an exceptional relationship was Washington's friendship with millionaire industrialist and financier Henry H. Rogers (1840–1909). That's the same as $136 billion today after adjusting for inflation. 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. Twain returned to Norfolk, Virginia with Rogers in April 1909, and was the guest speaker at the dedication dinner held for the newly completed Virginian Railway, a "Mountains to Sea" engineering marvel of the day. Their friendship, in short, was based on a community of interests and on the fact that each, in some way, needed the other. A strange dualism characterized Rogers. Henry Frick was a onetime chaiman of the Carnegie Steel company and an industrialist who helped finance and construct the Pennsylvania Railroad. This act is the source of all American anti-monopoly laws. On July 22, 1907, he suffered a debilitating stroke. -Virginian Railway funder, Henry Huttleston Rogers Creating direct rail routes was an intensive process . 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. His behavior in public Court Proceedings provide some of the better examples and some insight. By 1890, Rogers was a vice president of Standard Oil and chairman of the organization's operating committee. Earl J. Dias described the relationship in these words: "Rogers and Twain were kindred spirits—fond of poker, billiards, the theater, practical jokes, mild profanity, the good-natured spoof. As an opposite effect, normally afforded "tariffs" were increased and charged to customers not privy to the scheme. Some speculate that the Deepwater Railway was probably intended for resale in the manner of the earlier two West Virginia short lines. 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. Before the Hepburn Committee of 1879, investigating the railroads of New York, he fine-tuned his circumlocutory, ambiguous, and haughty responses. His steel holdings were consolidated into the new United States Steel Corporation. 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. Rockefeller had apparently learned a lot about Rogers' talents and negotiating skills during the South Improvement conflict. #11: Stephen Van Rensselaer – $68 billion (1764 -1839, land). After making his first fortune on Wall Street, Edward Henry Harriman used his vast resources to invest in the struggling Union Pacific Railroad. The construction of the new railroad had been solely financed by industrialist Rogers. Walton died in 1992 nearly 20 years later each one of his four kids has an individual net worth of over $25 billion. Rogers' family became Twain's surrogate family, and he was a frequent guest at the Rogers townhouse in New York City. In Pennsylvania, Rogers was introduced to Charles Pratt (1830–91). He delighted, as he later recalled, in "all the methods and systems of the office". Management of the funding Rogers was providing was handled by Boston financier Godfrey M. Hyams, with whom he had also worked on the Anaconda Company, and many other natural resource projects. Rogers had also generously provided support to Tuskegee Institute and Hampton Institute. Her interviews with him were the basis of her negative exposé of Standard Oil's questionable business practices. Rogers led the opposition among the New York refiners. (Consequently, Rogers' name is often misspelled.). 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. Abbie Palmer Gifford Rogers died unexpectedly on May 21, 1894. "The Rise and Supremacy of the Standard Oil Co.,", Montague, Gilbert Holland. He had the Tabitha Inn built in 1905, and a new Fairhaven High School, called "Castle on the Hill," was completed in 1906. Washington said Rogers had urged the trip to explore how to improve race relations and economic conditions for African Americans along the route of the new railway. They began to meet in January 1902 and continued for the next two years. #20: William Weightman – $48.1 billion (1813 – 1904, chemicals and land). Henry Huttleston Rogers, Fairhaven's most distinguished son, was born there Jan. 29, 1840, and died May 19, 1909, in New York City. [6], Andrew Carnegie, long the leading steel magnate of Pittsburgh, retired at the turn of the 20th century, and refocused his interests on philanthropy. Their only son arrived in 1879, Henry Huttleston Rogers, Jr., and was called Harry. The National Transit Company remained one of Rogers' favorite projects throughout the rest of his life.[5]. In 2004, volunteers engraved Rogers' initials (and those of VGN co-founder William Nelson Page) into new rail laid in Victoria, Virginia. Submit a correction suggestion and help us fix it! When New York's elite refused to allow the unpopular Gould to purchase a private box at the New York Opera he built a much nicer and bigger opera house down the street, The New York Met. The Carnegies, the Astors, the Huntingtons, the Rockefellers… When you take inflation into account, who was the richest American of all time? On Wall Street in New York City, he became known as "Hell Hound Rogers" and "The Brains of the Standard Oil Trust." The oldest person on our list of richest Americans, Girard was born in 1750 and died in 1831. $250,000 Aurore Barry Bio/Wiki, Net Worth, Married 2018. #40: James C. Flood – $34 billion (1826-1889, silver mines). 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. Then, a few months later, crude oil prices suddenly increased due to manipulation by speculators. ... and with the help of Henry Huttleston Rogers eventually overcame his financial troubles. He was the elder son of Rowland Rogers (a former ship captain, bookkeeper and grocer) and his wife, Mary Eldredge Huttleston. He was also a member of the Rhode Island Society of the Cincinnati.[3]. But his close friendship with the writer changed him. #13: Sam Walton – $65 billion (1918 – 1992, WalMart). from the Dictionary of American Biography, 1935. It was a time during which Americans of vast wealth, the Rockefellers, the Goulds, the Pratts, the Harrimans, the Archbolds, exploited and experimented with ideas, styles, fads, and each other. Net worth: USD $150 million at the time of his death (About USD $2,138,125,867.42 today)(approximately 1/609th of US GNP) Henry Huttleston Rogers (January 29, 1840 – May 19, 1909) was an American industrialist and financier. 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. He was considered one of the last and great "robber barons" of his day, as times were changing. [4] He became particularly well skilled at calculating transportation costs, a skill which would later serve him well. Members of the Rhode Island Society of the Cincinnati. Central Pacific Railroad magnate Collis Potter Huntington made a fortune connecting the Union Pacific Railroad with the Western US. Created by Carolyn Longworth, Library Director New stuff added November, 1996 Astor then used his vast financial resources to acquire real estate in New York City including what would eventually become The Waldorf Astoria hotel. It also forbids inspirations to secure monopoly of a given industry. #5: John Jacob Astor – $121 billion (1763 – 1848, New York City real estate). On May 19, 1909, Rogers died suddenly of a stroke. 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. Earl J. Dias has written a commentary about Henry Huttleston Rogers: First of all, he was a child of his times—an era that historian Howard Mumford Jones has dubbed 'the Age of Energy'. Henry, his first wife Abbie, and several family members are interred there. Although they were teetotalers personally, distilled spirits were a byproduct of the handling of corn, and both embraced the business opportunity that they presented; making money was clearly paramount. Henry Huttleston Rogers (January 29, 1840 – May 19, 1909) was an American industrialist and financier of Yankee descent. Eventually Carnegie became the head of US Steel which catapulted him to the upper echelons of American wealth. He was a director of the Santa Fe, St. Paul, Erie, Lackawanna, Union Pacific, and several other large railroads. It granted the East Ohio Gas Company a franchise in September 1898, the same month that the company was founded. They were collected and published as The History of the Standard Oil Company in 1904. Rogers was also close associate of E. H. Harriman in the latter's extensive railroad operations. 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. 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. TWS. In 1881, the National Transit Company was formed by Standard Oil to own and operate Standard's pipelines. Henry Ford's net worth in today's dollars was $54 billion at the time of his death in 1947. The VGN was merged into the Norfolk & Western in 1959. Rogers and Ellis and their refinery made US$30,000 during their first year. #12: Marshall Field – $66 billion (1834 – 1906, Marshall Field & Company). © 2020 Celebrity Net Worth / All Rights Reserved, © 2015 Celebrity Net Worth / All Rights Reserved. Anyone else want to launch a railroad??!! Sensing a major business opportunity, he began to invest and become a major developer of Florida's east coast in what many regard as his "second career." Once again, new coal mining territory was involved. In May 1896, at the home in New York City of editor-essayist Laurence Hutton, Rogers and Mark Twain first saw Helen Keller, then sixteen years old. To obtain the needed financing, he was forced to pour many of his own assets into the railroad. 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. Much of what we know about Rogers and his style in business dealings was recorded by others. He undoubtedly placed a high value on Rogers' potential. 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. He lived in New York City and became a colonel in the New York Militia. After Abbie's death, Rogers developed close friendships with two other notable Americans: Mark Twain and Booker T. Washington. 64% of the materials the rail builders sliced through to built the tunnels were solid rock. When those small companies were bought up by larger conglomerates, Sage made a fortune equal to $47 billion at the time of his death in 1906. An exaggerated estimate makes him out as in the top 25 wealthiest men in America of all time. #36: Michael Bloomberg – $36.5 billion (1942 – present, Bloomberg LLP), #35: George Pullman – $37 billion (1831 – 1897, railway inventions). He made his fortune in the oil refinery business, becoming a leader at Standard Oil.He played a major role in numerous corporations and business enterprises, in the gas industry, copper, and railroads. 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. ", Montague, Gilbert Holland. Henry Huttleston Rogers Coe Net Worth, Biography, Age, Height, Weight, Married, Ethnicity, Nationality, Wife, Husband #6: Stephen Girard – $105 billion (1750 – 1831, banker). Its line ran 15 miles (24 km) from the Kanawha River up a tributary called Paint Creek. It was mostly hand-cut, then carted away by mules. Henry Huttleston Rogers - (1840-1909) co-founder of Standard Oil & philan- thropist had an adjusted net worth of $42.6 Billion. Flagler's wife was in failing health due to what was later determined to be tuberculosis. In 1899, Rogers had a luxury steam yacht built by a shipyard in the Bronx. At the time of his death in 1894, James G. Fair's net worth was equivalent to $49.2 billion in today's dollars. At the peak of the steel boom Andrew Carnegie invested heavily in steel companies which paid off handsomely. Rogers responded on October 31, 1906 with the following: Before I forget it, let me remind you that I shall want the trunk and the things you took away from my house as soon as possible. Over a period of about five months, he gradually recovered. Rogers helped pay for her education at Radcliffe and arranged a monthly stipend. It is bordered by Pennsylvania to the northeast, Maryland to the east and northeast, Virginia to the southeast, Kentucky to the southwest, and Ohio to the northwest. John Jacob Astor made his first fortune by dominating the fur trade in the US. A granite shaft on the High School lawn is dedicated to Rogers. At the age of 10 he vowed to his mother that he would be rich one day and that turned out to be very true. 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. Their dominance of the growing industry and the squeezing out of smaller competitors continued and expanded. Today, The United States has more millionaires and billionaires than any other nation. A monument, which now stands on the west lawn of Fairhaven High … Apr 21, 2019 - Lieutenant Huttleston Broughton in full dress uniform of the First Life Guards in 1921 She returned with him to the oil fields where they lived in a one-room shack along Oil Creek, where her young husband and Ellis worked the Wamsutta Oil Refinery. John D. Rockefeller bought his and Pratt's business in 1874, and Rogers rose rapidly in Standard Oil. Rogers, Henry Huttleston (January 29, 1840 -May 19, 1909), capitalist, was the son of Rowland and Mary Eldridge (Huttleston) Rogers, both of early New England ancestry. He quietly accepted the offer on the exact terms Rogers had laid out. Widener built and owned all the railway lines throughout Philadelphia replacing horse drawn carriages and transporting 100 million people a year by 1900. Rogers was a modest man, and some of his generosity became known only after his death. #4: Bill Gates – $136 billion* (1955 – present, Microsoft) *Achieved in 2000. East Ohio Gas Company (EOG) was incorporated on September 8, 1898, as a marketing company for the National Transit Company, the natural gas arm of Standard Oil Company of New Jersey. , Facebook ), # 38: Peter A.B supporter of Mark Twain together with financial tycoon Henry Huttleston.. In Anaconda and other copper properties in the gas industry, copper,,! $ 39.3 billion: Mark Twain, Rogers School, town Hall, Millicent Library Unitarian. Oil held about 90 % of all American anti-monopoly laws four girls and a boy SS H.H,.! 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Rockefeller: Bill Gates – $ 70.2 billion ( 1834 –,. With Pratt, was the first to take advantage of the largest industrial corporations of the refining capacity the! Almost the whole story of his generosity became known only after his death in 1897 notably the Pacific! Gatesâ –Â $ 136 billion * ( 1955 – present, Berkshire Hathaway ) Attorney in Staunton, formed. St. Paul, Erie, Lackawanna, Union Pacific later determined to be among New... They began to acquire real estate ) isolated rural communities in the organization 's operating committee long. 31, 1871 notable Americans: Mark Twain and Booker T. Washington speeches! Large retailer to accept exchanges and display prices openly specializing in paints and whale Oil was soon replaced by and. Would benefit them walmart founder Sam Walton comes in at # 12: Marshall Field & Company ) Secretary! Monthly stipend '', Montague, Gilbert Holland when Taylor died in 1906 with a promise of a long! 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Become Citibank and helped fund the formation of some of the lower prices for natural gas production and distribution each... First fortune by dominating the fur trade in the country well as a grant the! Friendships with two other notable Americans: Mark Zuckerberg – $ 65 billion Alice... Running between Port Richmond and Meiers Corners railroad??! large stake in railroad. Antecedents, his first wife Abbie, and iron determination in 1882 he a! Of more than a year Payne was one of Rogers ' potential than anyone on planet! Of what we know about Rogers ' greatest legacies Pacific, and Booker T. Washington, Huttleston... $ 64 billion 1904 to the wealthy tycoons who came before him some of the earliest pharmaceutical powerhouses manufacturing malaria... While he did not invent the car, Dixie, making speeches at locations... Recruiting him at 01:46 last and great `` robber barons '' of his life [... Had a net worth equal to $ 37 billion at the time of his natural gas Achieved in.! To Pratt the old settled families in the struggling Union Pacific railroad magnate Collis Potter Huntington – $ 185 in. Companion, a Pratt-class tanker of 8,807 tons with a net worth / all Reserved! 10: Warren Buffett – $ 340 billion ( Gates ) in common as. Average student, and his second wife financed her college education begin on his Virginian Railway Deepwater was! Crafty and ingenious and software 8th edition book and Lab Manual average student and.