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William Avery Rockefeller, Jr. (
May 31,
1841-June_24, 1922), American financier, was a cofounder with his older brother John D. Rockefeller of the prominent
United States Rockefeller family. William Avery Rockefeller, Jr. was the son of
William Avery Rockefeller and Eliza (Davison) Rockefeller.
William was born in
Richford, New York and in 1853 his family moved to Strongsville, Ohio. He was to later build an ostentatious mansion called "Rockwood Hall", now demolished, which was subsequently located within the Rockefeller family estate of "Pocantico", in Westchester County New York (see Kykuit).
In 1865, he entered the
Petroleum business by starting a refinery. In 1867, his brother's partnership of Rockefeller & Andrews, absorbed this refinery, and in 1870, the company became
Standard Oil.
Rockefeller joined in forming the Amalgamated Copper Company, a holding company that intended to control the copper industry. Amalgamated controlled the mines of
Butte, Montana, and later became the
Anaconda Copper Company.
William Rockefeller served as the company's New York representative until 1911 when Standard Oil of New Jersey was dissolved by the United States Supreme Court. He also had interests in copper, railways, and public utilities. Married to
Almira Geraldine Goodsell, he built up the National City Bank of New York, now part of Citigroup. His son William Goodsell Rockefeller and Elsie Stillman, daughter of National City Bank president James Stillman, were the parents of
James Stillman Rockefeller.
He died in 1922 in
Tarrytown, New York and was interred in the
Sleepy Hollow Cemetery,
Sleepy Hollow, New York.
The New York Times in discussing a trust he set up for his born and yet-to-be born great-grandchildren states that "The original William left a gross estate of $102,000,000, which was reduced to $50,000,000 principally by $30,000,000 of debts and $18,600,000 of inheritance and estate taxes."(
New York Times, Aug 5, 1937, page 1 "Estate of William Rockefeller Increasing $1,000,000 a Year")
Amalgamated Copper Company Scam
Rockefeller, along with Henry Rogers, devised a deceptive scheme which made them a profit of $36 million. First, they purchased Anaconda Properties from Marcus Daly for $39 million, with the understanding that the check was to be deposited in the bank and remain there for a definite time (National City Bank was run by Rockefeller’s friends). Rogers and Rockefeller then set up a paper organization known as the Amalgamated Copper Company, with their own clerks as dummy directors, saying the company was worth $75 million.
They then had the Amalgamated Copper Company buy Anaconda from them for $75 million in capital stock, which was conveniently printed for the purpose. Then, they borrowed $39 million from the bank using Amalgamated Copper as collateral. They paid back Daly for Anaconda and sold $75 million worth of stock in Amalgamated stock to the public. They paid back the bank's $39 million and had a profit of $36 million in cash. So, by deceiving Daly, the bank, and the public, Rockefeller and Rogers had made Amalgamated Copper a $36 million profit before the company was even operating.
Children
Lewis Edward Rockefeller (1865–1866)
Emma Rockefeller McAlpin (1868–1934) married Dr. David Hunter McAlpin
William Goodsell Rockefeller (1870–1922)
John Davison Rockefeller (1872–1877)
Percy Avery Rockefeller (1878–1934)
Geraldine Rockefeller Dodge (1882–1973) married Marcellus Dodge
External links
- Read about Rockefeller's decade-long fight with a poor Adirondack Civil War veteran
William Avery Rockefeller, Jr. (
May 31,
1841-
June_24,
1922), American financier, was a cofounder with his older brother
John D. Rockefeller of the prominent United States
Rockefeller family. William Avery Rockefeller, Jr. was the son of William Avery Rockefeller and Eliza (Davison) Rockefeller.
William was born in
Richford, New York and in 1853 his family moved to
Strongsville, Ohio. He was to later build an ostentatious mansion called "
Rockwood Hall", now demolished, which was subsequently located within the Rockefeller family estate of "Pocantico", in
Westchester County New York (see
Kykuit).
In 1865, he entered the
Petroleum business by starting a refinery. In 1867, his brother's partnership of Rockefeller & Andrews, absorbed this refinery, and in 1870, the company became Standard Oil.
Rockefeller joined in forming the Amalgamated Copper Company, a holding company that intended to control the copper industry. Amalgamated controlled the mines of Butte, Montana, and later became the Anaconda Copper Company.
William Rockefeller served as the company's
New York representative until 1911 when Standard Oil of New Jersey was dissolved by the United States Supreme Court. He also had interests in copper, railways, and public utilities. Married to
Almira Geraldine Goodsell, he built up the National City Bank of New York, now part of Citigroup. His son
William Goodsell Rockefeller and Elsie Stillman, daughter of National City Bank president James Stillman, were the parents of
James Stillman Rockefeller.
He died in 1922 in
Tarrytown, New York and was interred in the Sleepy Hollow Cemetery, Sleepy Hollow, New York.
The New York Times in discussing a trust he set up for his born and yet-to-be born great-grandchildren states that "The original William left a gross estate of $102,000,000, which was reduced to $50,000,000 principally by $30,000,000 of debts and $18,600,000 of inheritance and estate taxes."(
New York Times, Aug 5, 1937, page 1 "Estate of William Rockefeller Increasing $1,000,000 a Year")
Amalgamated Copper Company Scam
Rockefeller, along with Henry Rogers, devised a deceptive scheme which made them a profit of $36 million. First, they purchased Anaconda Properties from Marcus Daly for $39 million, with the understanding that the check was to be deposited in the bank and remain there for a definite time (National City Bank was run by Rockefeller’s friends). Rogers and Rockefeller then set up a paper organization known as the Amalgamated Copper Company, with their own clerks as dummy directors, saying the company was worth $75 million.
They then had the Amalgamated Copper Company buy Anaconda from them for $75 million in capital stock, which was conveniently printed for the purpose. Then, they borrowed $39 million from the bank using Amalgamated Copper as collateral. They paid back Daly for Anaconda and sold $75 million worth of stock in Amalgamated stock to the public. They paid back the bank's $39 million and had a profit of $36 million in cash. So, by deceiving Daly, the bank, and the public, Rockefeller and Rogers had made Amalgamated Copper a $36 million profit before the company was even operating.
Children
Lewis Edward Rockefeller (1865–1866)
Emma Rockefeller McAlpin (1868–1934) married Dr. David Hunter McAlpin
William Goodsell Rockefeller (1870–1922)
John Davison Rockefeller (1872–1877)
Percy Avery Rockefeller (1878–1934)
Geraldine Rockefeller Dodge (1882–1973) married Marcellus Dodge
External links
- Read about Rockefeller's decade-long fight with a poor Adirondack Civil War veteran
William Rockefeller - Wikipedia, the free encyclopedia
William Avery Rockefeller, Jr. (May 31, 1841-June 24, 1922), American financier, was a cofounder with his older brother John D. Rockefeller of the prominent United States ...
William Avery Rockefeller - Wikipedia, the free encyclopedia
William Avery Rockefeller, Sr. (November 13, 1810 – May 11, 1906) was the father of American oil tycoon and billionaire, John Davison Rockefeller (July 8, 1839 – May 23, 1937 ...
The Rockefeller Archive Center - William Rockefeller 1860-(1915-1910 ...
The Rockefeller Archive Center holds the papers of the Rockefeller family and the records of various philanthropic, educational and scientific institutions.
William Rockefeller: Information and Much More from Answers.com
Rockefeller, William, 1841–1922, American financier, b. Tioga co., N.Y.; brother of John D. Rockefeller
William Rockefeller - Wikipédia
William Rockefeller, né à Richford (New York) le 31 mai 1841 et mort à Tarrytown (New York) le 24 juin 1922, est un financier américain, une des figures de la famille ...
Rockefeller, William definition of Rockefeller, William in the Free ...
Encyclopedia article about Rockefeller, William. Information about Rockefeller, William in the Columbia Encyclopedia, Computer Desktop Encyclopedia, computing dictionary.
William Rockefeller - WikiTree
From WikiTree, the Family Tree of Humankind
William Goodsell Rockefeller - WikiTree
Birth: 21 May 1870 in New York. Death: 30 Nov 1922 in New York. Gender (at birth): male. Children: William Avery Rockefeller; Godfrey Stillman Rockefeller; James Stillman ...
William Rockefeller
Return to DANFS Index Return to Naval Historical Center homepage DEPARTMENT OF THE NAVY -- NAVAL HISTORICAL CENTER 805 KIDDER BREESE SE -- WASHINGTON NAVY YARD
Amazon.com: "William Rockefeller": Key Phrase page
Key Phrase page for William Rockefeller: Books containing the phrase William Rockefeller ... Excerpt - on Page 9: " ... The midnight rambles and peculiar commerce of William ...
