The VIP for this
week is John Davison Rockefeller, Sr., http://en.wikipedia.org/wiki/John_D._Rockefeller
an American business magnate and philanthropist. Rockefeller was born on July 8, 1839 in
Richford, New York. He was the second of
six children born to his parent, William Avery “Bill” Rockefeller (November 13,
1810 - May 11, 1906) and Eliza Davison (September 12, 1813 – March 28, 1889). His siblings were Lucy (1838-1878), William
Jr. (1841-1922), Mary (1843-1925), and twins Franklin (Frank) (1845-1917) and
Frances (1845-12847). His ancestry was
English and German on his paternal side and Scottish and Irish on his maternal
side.
Rockefeller’s father was a
lumberman before becoming a traveling salesman who claimed to be a “botanic
physician” and sold elixirs. He was
mysterious and fun-loving; he was referred to by the locals as “Big Bill” and “Devil
Bill.” “He was a sworn foe of
conventional morality who had opted for a vagabond existence and who returned
to his family infrequently. Throughout
his life, Bill became notorious for shady schemes. In between the births of Lucy and John, Bill
and his mistress/housekeeper Nancy Brown had a daughter named Clorinda (c. 1838
- ?, died young). Between John and
William Jr.’s births, Bill and Nancy had another daughter, Cornelia (c. 1840 -
?).”
Rockefeller’s mother was a
homemaker and devout Baptist; she struggled to maintain stability at home. “She also put up with his philandering and
his double life, which included bigamy.
Thrifty by nature and necessity, she taught her son that `willful waste
makes woeful want.’ Young Rockefeller
did his share of the regular household chores and earned extra money raising
turkeys, selling potatoes and candy, and eventually lending small sums of money
to neighbors. He followed his father’s
advice to `trade dishes for platters’ and always get the better part of any
deal….”
The Rockefeller family moved to
Moravia, New York, when John was a boy; in 1851 the family moved to Owego where
John attended Owego Academy. Two years
later in 1853, the family moved to Strongsville, a suburb of Cleveland, where
John attended Central High School. He
then studied bookkeeping at Commercial College.
“In spite of his father’s
absences and frequent family moves, young John was a well-behaved, serious, and
studious boy. His contemporaries
described him as reserved, earnest, religious, methodical, and discreet. He was an excellent debater and expressed
himself precisely. He also had a deep
love of music and dreamed of it as a possible career. Early on, he displayed an excellent mind for
numbers and detailed accounting.”
Rockefeller was sixteen when he
started his first job in bookkeeping in 1855.
In 1859 he started a produce commission business with a partner and raised
$4,000 in capital. In 1870 he co-founded
Standard Oil with his brother William and several other men. Standard Oil “dominated the oil industry and
was the first great U.S. business trust.
Rockefeller revolutionized the petroleum industry, and along with other
key contemporary industrialists such as Andrew Carnegie, defined the structure
of modern philanthropy. He actively ran
Standard Oil until he officially retired in 1897. He “became the world’s richest man and the
first American worth more than a billion dollars. Adjusting for inflation, he is often regarded
as the richest person in history.”
Rockefeller retired to his
estate, Kykuit, in Westchester County, New York, and spent the last forty years
of his life in retirement. He used his
fortune “to create the modern systematic approach of targeted
philanthropy. He was able to do this
through the creation of foundations that had a major effect on medicine,
education and scientific research. His
foundations pioneered the development of medical research and were instrumental
in the eradication of hookworm and yellow fever.”
Rockefeller founded two universities
(University of Chicago and Rockefeller University) and funded the establishment
of Central Philippine University in the Philippines. As a devoted Northern Baptist, he “supported
many church-based institutions.” He
totally abstained from alcohol and tobacco throughout his life. He taught Sunday School at the Erie Street
Baptist Mission Church where he also served as a trustee, clerk, and occasional
janitor.
“Religion was a guiding force
throughout his life, and Rockefeller believed it to be the source of his success. Rockefeller was also considered a supporter
of capitalism based in a perspective of social Darwinism, and is often quoted
saying `The growth of a large business is merely a survival of the fittest.’
Rockefeller married Laura
Celestia “Cettie” Spelman (1839-1915) in 1864.
She was the daughter of Harvey Buell Spelman and Lucy Henry. He
credited his wife with this statement: “Her
judgment was always better than mine.
Without her keen advice, I would be a poor man.” The couple had four daughters and one son together: Elizabeth “Bessie” Rockefeller (August 23,
1866 – November 14, 1906), Alice Rockefeller (July 14, 1869 – August 20, 1870),
Alta Rockefeller (April 12, 1871 – June 21, 1962), Edith Rockefeller (August
31, 1872 – August 25, 1932), and John Davison Rockefeller, Jr. (January 29,
1874 – May 11, 1960).
The wealth of the Rockefeller
family was distributed through a system of foundations and trusts; it continued
to fund the family interests throughout the 20th century. David Rockefeller, the youngest son of John
Jr., served for more than 20 years as CEO of Chase Manhattan Bank (now part of
JP Morgan Chase). Nelson Aldrich
Rockefeller, second son of John Jr., was the Republican governor of New York
and the 41st Vice President of the United States. The fourth son Winthrop Aldrich Rockefeller
served as Republican Governor of Arkansas.
Rockefeller’s grandchildren followed in the footsteps of their parents
and grandparents as politicians, philanthropists, and conservationists.
“In his 50s Rockefeller suffered
from moderate depression and digestive troubles and, during a stressful period
in the 1890s, developed alopecia, a condition that causes the loss of some or
all body hair. By 1901 he did not have a
hair on his body, and he began wearing wigs.
The hair never grew back, but his other health complaints subsided as he
lightened his workload.”
Rockefeller died on May 23,
1937, at The Casements, his home in Ormond Beach, Florida, of arteriosclerosis
at age 97. His death came less than two
months before his 98th birthday.
He was buried in Lake View Cemetery in Cleveland.