Rogers, a Pratt-class tanker of 8,807 tons with a capacity of 119,390 barrels (18,981 m3) of oil. 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. Petroleum pipelines were first developed in Pennsylvania in the 1860s to replace transport in wooden barrels loaded on wagons drawn by mules and driven by teamsters. Mark Twain and Henry Huttleston Rogers in Virginia. A representative case of an exceptional relationship was Washington's friendship with millionaire industrialist and financier Henry H. Rogers (1840–1909). The 10 Richest Americans Of All Time After Adjusting For Inflation (Updated List! Henry Huttleston Rogers (January 29, 1840 – May 19, 1909) was an American industrialist and financier. Stephen Van Rensselaer was born in 1764 and made his fortune off land. Biographer Z. James Varanini writes, "the completion of these pipelines represented a move towards a new type of interconnectivity of previously isolated states.". By the way, I have been using a pair of your gloves in the Mountains, and they don't seem to be much of an attraction. He was also a member of the Rhode Island Society of the Cincinnati.[3]. To obtain the needed financing, he was forced to pour many of his own assets into the railroad. This worked well at first. At the time of his death in 1877 Cornelius Vanderbilt had amassed a net worth of $185 billion in today's dollars. The Rogers family is, perhaps, one of the most ancient and numerous of the old settled families in the country. Originally from France, Stephen Girard made his fortune in shipping and eventually banking. The Treasury Department later engaged him for the sale of $500 million worth of bonds in 1862 — and he reaped a huge commission from the sale. ", Montague, Gilbert Holland. Ida M. Tarbell, an American author and journalist, who was known as one of the leading muckrakers, criticized Standard Oil practices. After a funeral at the First Unitarian Church in Manhattan, his body was transported to Fairhaven by a New York, New Haven and Hartford Railroad train. He delighted, as he later recalled, in "all the methods and systems of the office". 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. -Virginian Railway funder, Henry Huttleston Rogers Creating direct rail routes was an intensive process . In 2004, volunteers engraved Rogers' initials (and those of VGN co-founder William Nelson Page) into new rail laid in Victoria, Virginia. However, the time and enormous effort Rogers expended on the project continued to undermine his already declining health, not only because of his Herculean work but also because of the uncertain economy of the period, exacerbated by the financial Panic of 1907 which began in March of that year. Rogers was also close associate of E. H. Harriman in the latter's extensive railroad operations. In their separate forays into business, financial results for the two had been mixed. #3: Cornelius Vanderbilt – $185 billion (1794 – 1877, railroads and shipping). When Taylor died in 1882 he had amassed a net worth equivalent to $48.1 billion. 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. Cleveland, Ohio, became a center of the refining industry principally because of its transportation systems. 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. When Blair died in 1899 he had an net worth equal to $47 billion in 2012 dollars. He was interred beside Abbie in Fairhaven's Riverside Cemetery. In 1899, Rogers had a luxury steam yacht built by a shipyard in the Bronx. Twain wrote to Anne Rogers that he had packed: some articles that was laying around....two books, Mr. Rogers' brown slippers, and a ham. Pittsburgh based, Richard B. Mellon made many large philanthropic donations with his net worth which was equal to $50.5 billion in 2012 dollars. "They had never played fair, and that ruined their greatness for me", Tarbell wrote about the company. Henry Huttleston Rogers (January 29, 1840 – May 19, 1909) was an American industrialist and financier. #22: Larry Ellison – $48 billion (1944 – present, Oracle), #21: Moses Taylor – $48.1 billion (1806 – 1882, banking). Over a period of about five months, he gradually recovered. Henry Huttleston Rogers came up with the machinery by which naphtha could be separated from crude oil. 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. Burt. [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. His company eventually merged into Merck which is still around today. He accomplished and exceeded the substantial sales increase goal which Pratt had set when recruiting him. Henry Huttleston ("H. H.") Rogers (January 29, 1840 – May 19, 1909) was an American Industrialist and financier. 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. #9: Jay Gould – $71 billion (1836 – 1892, railroads). In 1861, 21-year-old Henry pooled his savings of approximately US$600 with a friend, Charles P. Ellis. (I have never seen any documentation that involves Rogers in this railroad, and comments by Gov. It carries a VGN Class 10-A caboose, built by the company and restored by members of the National Railway Historical Society (NRHS) chapter in Roanoke. In 1893, fate brought Mark Twain together with financial tycoon Henry Huttleston Rogers, who was known as a great misanthrope and scrooge. On the fly leaf of Rogers' copy, she wrote: Whale oil was soon replaced by kerosene and natural gas. In mid-1890s, Rogers became president of the Ohio River Railroad, founded by Johnson Newlon Camden, a United States Senator from West Virginia who was also secretly involved with Standard Oil. His son, Henry Huttleston Rogers, worked in the store after school, delivering newspapers and groceries by wagon, but the boy had an outsize measure of his father’s ambition for business. 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. 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. However, Pratt's son, Charles Millard Pratt (1858 to 1913), became Corporate Secretary of Standard Oil. He was also the guy who thought of using long pipelines to transport oil instead of railway cars. A descendant of the original Mayflower Pilgrims, he made his fortune in the oil refining business, becoming a leader at Standard Oil. These pages and their contents are the property of the Millicent Library The lines, bullets, backgrounds, etc. The Standard Oil Trust attracted attention from antitrust authorities. These include Rogers School, Town Hall, Millicent Library, Unitarian Memorial Church, and Fairhaven High School. By this date, Charles Pratt was reaching an age to consider retirement, and he subsequently devoted much of his time and interests to activities such as founding the Pratt Institute. One of the most active Yahoo! 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. Congress passed new antitrust laws, the administration created the Interstate Commerce Commission (ICC), and the courts eventually ordered the breakup of the Standard Oil Trust in the early 20th century. Fairhaven is a small seaside town on the south coast, bordering the Acushnet River to the west and Buzzards Bay to the south. He conceived the idea of long pipe lines for transporting oil, and organized the National Transit Company, the first corporation with such an object. Although public opposition to Rockefeller and Standard Oil existed prior to Tarbell's investigation, there had been general opposition to Standard Oil and trusts. When Rogers returned home to Fairhaven for a short vacation the next year, he was greeted as a success. His behavior in public Court Proceedings provide some of the better examples and some insight. He also was the first large retailer to accept exchanges and display prices openly. Feb 29, 2016 - Henry Huttleston Rogers (1840–1909) made his fortune in the oil refinery business, becoming a leader at Standard Oil. However, his ventures in Florida marked the beginning of his gradual reduction in management participation at Standard Oil. Rogers was an average student, and he was in the first graduating class of the local high school in 1856. In 1896, Rogers remarried to Emelie Augusta Randel Hart, a divorcée and New York socialite. 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. I hope you will not be there. Like several other men on this list, John I. Blair made his fortune in railroads, most notably the Union Pacific. Tarbell's investigations of Standard Oil for McClure's, ran in 19 parts from November 1902 to October 1904. During the 1890s, Rogers became interested in Anaconda and other copper properties in the western United States. Rogers reorganized Twain's tangled finances, and the two became close friends for the rest of Rogers' life. Before long, they were heavily in debt to Pratt. However, if so, the ploy was foiled by collusion of the bigger railroads, who were both controlled by the Pennsylvania Railroad and agreed with each other to neither purchase it or grant favorable interchange rates. In the early 1871-72, Pratt and Company and other refiners became involved in a conflict with John D. Rockefeller, Samuel Andrews, and Henry M. Flagler (of Rockefeller, Andrews & Flagler, a Cleveland-based refining company) and the South Improvement Company. They set out to western Pennsylvania and its newly discovered oil fields. #36: Michael Bloomberg – $36.5 billion (1942 – present, Bloomberg LLP), #35: George Pullman – $37 billion (1831 – 1897, railway inventions). #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). In 1850 or 1851, he came to New York City, where he worked for a similar company handling paint and oil. TWS. Moses Taylor founded what would eventually become Citibank and helped fund the formation of some of the largest industrial corporations of the time. Rogers formulated terms, which guaranteed financial security and jobs for Pratt and himself. The injustice of the South Improvement scheme outraged many independent oil producers and owners of refineries. He was the first American to ever be worth over $1 billion and donated over $500 million to charity upon his death. It was to be a very successful combination. His father, Asa Pratt, was a carpenter. Glen Rogers was constructed by the Raleigh-Wyoming Mining Company in 1918, with the #1 mine opening three years later. He will temper the wind to the shorn lamb, and I will send some of the things back if there is some that won't keep. 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. Peter AB Widener amassed a fortune equivalent to $35 billion before he died in 1915. "Rogers, Henry Huttleston". Walmart today is the nation's largest retailer and largest employer with 2.1 million workers and annual revenues of $422 billion. After 1890, he became a prominent philanthropist, as well as a friend and supporter of Mark Twain and Booker T. Washington. Born in New York in 1839, he moved with his family to Cleveland in 1855. The George H. Taber Masonic Lodge building, named for Rogers' "uncle" and boyhood mentor, was completed in 1901. Its General Solicitor was former West Virginia governor William A. MacCorkle. Rogers joined in the organization of holding companies aimed at controlling natural gas production and distribution. In 1848, the year Thomas Roys sailed into the Arctic, whalebone was worth twenty-five cents per pound. He lived in New York City and became a colonel in the New York Militia. 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. He urged the Rogers' to aid Keller and to solicit other Standard Oil chiefs to help her. Rubber-manufacturing city Akron, Ohio, was the first to take advantage of the lower prices for natural gas. Astor was the first multi millionaire ever in America and at the time of his death in 1848 had a net worth equal to $121 billion in today's dollars. He rode in Rogers' personal rail car, Dixie, making speeches at many locations over a seven-day period. His first job was as an assistant bookkeeper for a produce company. A descendant of the original Mayflower Pilgrims, he made his fortune in the oil refining business, becoming a leader at Standard Oil. #25: Edward Henry Harriman – $42.7 billion (1848 – 1909, railroads). When she was 20, Keller passed with distinction the entrance examination to Radcliffe College. He invested heavily in various industries, including copper, steel, mining, and railways. Around 1894, Rogers attended one of Booker T. Washington's speeches at Madison Square Garden in New York City. South Improvement was basically a mechanism to obtain secret favorable net rates from Tom Scott of the Pennsylvania Railroad (PRR) and other railroads through secret rebates from the common carrier. 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'. By 1878 Standard Oil held about 90% of the refining capacity in the United States. "[12] Their letters were published as Mark Twain's Correspondence with Henry Huttleston Rogers, 1893–1909,[13] They had a standing joke that Twain was inclined to pilfer items from the Rogers household whenever he spent the night there as a guest. #7: A.T. Stewart – $90 billion (1803 – 1876, dry goods). 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. Washington became a frequent visitor to Rogers' office, his 85-room mansion in Fairhaven, and the yacht. On July 22, 1907, he suffered a debilitating stroke. In 1881 the company was reorganized as the Standard Oil Trust. #8: Friedrich Weyerhauser – $80 billion (1834 – 1914, timber, land). Charles M. Pratt and Rogers were two of the largest owners and the Ohio River Railroad's General Manager was C.M. 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. They began to meet in January 1902 and continued for the next two years. Van Rensselaer received his land as a grant from the Dutch in the earliest days of America. #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). 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. 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. Their friendship, in short, was based on a community of interests and on the fact that each, in some way, needed the other. 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. After making his first fortune on Wall Street, Edward Henry Harriman used his vast resources to invest in the struggling Union Pacific Railroad. Members of the Rhode Island Society of the Cincinnati. He worked in variety of small business enterprises during the next few years, owning interests in several. 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. West Virginia (/ v ər ˈ dʒ ɪ n i ə / ()) is a state in the Appalachian region of the Southern United States, though it is also considered part of the Mid-Atlantic Southeast Region. He worked there for three to four years, while carefully saving his earnings. 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. In 1874, Rockefeller approached Pratt with a plan to cooperate and consolidate their businesses. Rockefeller and his associates quickly started another approach, which frequently included buying up opposing interests. In 1881, the National Transit Company was formed by Standard Oil to own and operate Standard's pipelines. America is the richest nation in the world. They were collected and published as The History of the Standard Oil Company in 1904. 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. "Mark Twain, Manhood, The Henry H. Rogers Friendship, and 'Which Was the Dream?'. Irish born Alexander Turney Stewart, aka A.T. Stewart, founded the very first department store in New York City which would go on to become the largest retail store in the world for it's time. Flagler's wife was in failing health due to what was later determined to be tuberculosis. He and Flagler enlisted chemist Samuel Andrews and with his brother, William Rockefeller, Jabez Bostwick, and Flagler's relative and silent partner, Stephen V. Harkness, went into the refining business in Cleveland as Rockefeller, Andrews & Flagler. It looked like one we used to have, but it shan't occur again, and don't you worry. What lessons did you learn from this list? The battle for the Tidewater Railway's rights-of-way displayed Rogers at his most crafty and ingenious. The next day, Rogers contacted the educator and invited him to his offices. Widener built and owned all the railway lines throughout Philadelphia replacing horse drawn carriages and transporting 100 million people a year by 1900. In developing what would become Standard Oil, Rockefeller, a manager of extraordinary abilities, and Flagler, an exceptional marketer, recognized that the costs and control of the shipment of crude oil would be key elements in competition with other refiners. Oliver Payne was one of John D. Rockefeller's partners in Standard Oil and had a net worth equivalent to $40.4 billion. Americans control over 34% of all the wealth on planet Earth. 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. Flagler, nine years senior to Rockefeller, had been completely wiped out financially in a venture into salt. He used his money to start Vanderbilt University and his descendants still own vast real estate in New York City. At the time of this death in 1831 Stephen Girard's was the richest man in America with a net worth of  $105 billion! He was a director of the Santa Fe, St. Paul, Erie, Lackawanna, Union Pacific, and several other large railroads. That's the same as $136 billion today after adjusting for inflation. Along with brother Andrew, Richard B. Mellon helped finance some of America's largest early corporations including The American Aluminum Company and Gulf Oil. Rogers' business style extended to his testimony in many court settings. 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. #11: Stephen Van Rensselaer – $68 billion (1764 -1839, land). 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). Rogers supported projects with at least partial matching funds, in order to achieve more work, and to ensure recipients were also stakeholders. Only a loan from a relative, Stephen V. Harkness, allowed him to keep creditors at bay and stay out of total ruin. 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. Eventually Carnegie became the head of US Steel which catapulted him to the upper echelons of American wealth. The VGN was merged into the Norfolk & Western in 1959. 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. Once again, new coal mining territory was involved. Charles Ellis gave up, but in 1866, Henry Rogers went to Pratt in New York and told him he would take personal responsibility for the entire debt. Another son died at birth. 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. Collis' son Henry donated the entire family fortune to charitable causes predominantly in Southern California. One of his mines in Virginia had the biggest mineral strike in US history. 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. Rogers was an energetic man, and exhibited ruthlessness, and iron determination. "The Rise and Supremacy of the Standard Oil Co.,", Montague, Gilbert Holland. He was considered one of the last and great "robber barons" of his day, as times were changing. Although Rogers had died suddenly a few weeks earlier, in June 1909 Dr. Washington went on a previously arranged speaking tour along the newly completed Virginian Railway. It granted the East Ohio Gas Company a franchise in September 1898, the same month that the company was founded. Field died in 1906 with a relative net worth of $66 billion much of which came from investments in Chicago real estate. This so impressed Pratt that he immediately hired him for his own organization. In 1908, he put the remaining financing in place needed to see his railroad to completion. Henry Huttleston Rogers estimated Net Worth, Biography, Age, Height, Dating, Relationship Records, Salary, Income, Cars, Lifestyles & many more details have been updated below.Let's check, How Rich is Henry Huttleston Rogers in 2019-2020? 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]. Henry Huttleston Rogers Coe Net Worth, Biography, Age, Height, Weight, Married, Ethnicity, Nationality, Wife, Husband Tarbell blasted Standard Oil for dubious business practices, including subduing competitors and engaging in illegal transportation deals with the railroad companies to undercut competitors' prices. Rogers and Ellis and their refinery made US$30,000 during their first year. The Ohio Attorney General filed and won an antitrust suit in 1892. The Rogers' family moved to Brooklyn. 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. It was during this period that the Pratt interests and Henry Rogers were brought into the fold. He was also an extremely successful investor and speculator who what one point own more gold than anyone on the planet. Flood also founded the Bank of Nevada. He died without heirs so he donated a large portion of his fortune to charity. I thought it was one of ourn. From his experiences on the Phoenix Hall stage in Fairhaven in his youth, he learned the art of being theatrical in the dramatic situations that cropped up in his life. During World War II, on February 21, 1943, it was torpedoed and sunk by a German U-boat in the North Atlantic Ocean 600 miles (970 km) off the coast of Ireland while en route from Liverpool, England to the United States. Walton died in 1992 nearly 20 years later each one of his four kids has an individual net worth of over $25 billion. It was mostly hand-cut, then carted away by mules. He played a major role in numerous corporations and business enterprises, in the gas industry, copper, and railroads. Standard Oil's interest in steel properties led to Rogers becoming one of the directors when it was organized in 1901.[5]. #24: John I. Blair – $47 billion (1802 – 1899, railroads). All 73 persons aboard were saved. [citation needed] A passenger station has been restored in Suffolk, Virginia, a replica built and museum established in Princeton, West Virginia, and work is underway on a larger former VGN station in Roanoke. This mule-drawn transportation was expensive and fraught with difficulties: leaking barrels, muddy trails, wagon breakdowns and mule/driver problems. They modified the Deepwater Railway charter to reach the Virginia-state line. A holding company aimed at controlling copper production and distribution, Amalgamated Copper controlled the copper mines of Butte, Montana and later became Anaconda Copper Company, a revert to its original name. Throughout its 50-year history specializing in paints and whale Oil was soon replaced by kerosene and gas... Pooled his savings of approximately US $ 30,000 during their first year Company in 1918, with a 2012 net! 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