|Intro||American financier and philanthropist|
|A.K.A.||John Davison Rockefeller, Jr., John D. Rockefeller, Jr., John Davison ...|
|Was||Financial professional Art collector Financier Banker|
|From||United States of America|
|Birth||29 January 1874, New York City|
|Death||11 May 1960, Tucson (aged 86 years)|
John Davison Rockefeller Jr. (January 29, 1874 – May 11, 1960) was an American financier and philanthropist who was a prominent member of the Rockefeller family. He was the only son among the five children of Standard Oil co-founder John D. Rockefeller and the father of the five famous Rockefeller brothers. In biographies, he is commonly referred to as "Junior" to distinguish him from his father, "Senior".
Rockefeller was the fifth and last child of Standard Oil co-founder John Davison Rockefeller Sr. (1839–1937) and schoolteacher Laura Celestia "Cettie" Spelman (1839–1915). His four older sisters were Elizabeth (Bessie) (1866–1906), Alice (who died an infant) (1869–1870), Alta (1871–1962), and Edith (1872–1932). Living in his father's mansion at 4 West 54th Street he attended Park Avenue Baptist Church at 64th Street (now Central Presbyterian Church), and the Browning School, a tutorial establishment set up for him and other children of associates of the family; it was located in a brownstone owned by the Rockefellers, on West 55th Street. His father John Sr. and uncle William Avery Rockefeller Jr. (1841–1922) co-founded Standard Oil together.
Initially he had intended to go to Yale University but was encouraged by William Rainey Harper, president of the University of Chicago, among others, to enter the Baptist-oriented Brown University instead. Nicknamed "Johnny Rock" by his roommates, he joined both the Glee and the Mandolin Clubs, taught a Bible class and was elected junior class president. Scrupulously careful with money, he stood out as different from other rich men's sons.
In 1897 he graduated with the degree of Bachelor of Arts, after taking nearly a dozen courses in the social sciences, including a study of Karl Marx's Das Kapital. He joined the Alpha Delta Phi fraternity, and was elected to Phi Beta Kappa.
After graduation from Brown, Rockefeller joined his father's business in October 1897, setting up operations in the newly formed family office at 26 Broadway where he became a director of Standard Oil. He later also became a director at J. P. Morgan's U.S. Steel company, which had been formed in 1901. Junior resigned from both companies in 1910 in an attempt to "purify" his ongoing philanthropy from commercial and financial interests after the Hearst media empire unearthed a bribery scandal involving John Dustin Archbold (the successor to Senior as head of Standard Oil) and two prominent members of Congress.
In April 1914, after a long period of industrial unrest, the Ludlow Massacre occurred at a coal mine operated by the Colorado Fuel and Iron (CF&I) company. Junior owned a controlling interest in the company (40% of its stock) and sat on the board as an absentee director. At least 20 men, women, and children died in the incident, and in January 1915 Junior was called to testify before the Commission on Industrial Relations. Many critics blamed Rockefeller for ordering the massacre. Margaret Sanger wrote an attack piece in her magazine The Woman Rebel declaring, "But remember Ludlow! Remember the men and women and children who were sacrificed in order that John D. Rockefeller Jr., might continue his noble career of charity and philanthropy as a supporter of the Christian faith." He was at the time being advised by William Lyon Mackenzie King and the pioneer public relations expert, Ivy Lee. Lee warned that the Rockefellers were losing public support and developed a strategy that Junior followed to repair it. It was necessary for Junior to overcome his shyness, go personally to Colorado to meet with the miners and their families, inspect the conditions of the homes and the factories, attend social events, and especially to listen closely to the grievances. This was novel advice, and attracted widespread media attention, which opened the way to resolve the conflict, and present a more humanized versions of the Rockefellers. Mackenzie King said Rockefeller's testimony was the turning point in Junior's life, restoring the reputation of the family name; it also heralded a new era of industrial relations in the country
During the Great Depression he developed and was the sole financier of a vast office complex in midtown Manhattan, Rockefeller Center, and as a result became one of the largest real estate holders in New York City. He was influential in attracting leading blue-chip corporations as tenants in the complex, including GE and its then affiliates RCA, NBC and RKO, as well as Standard Oil of New Jersey (now ExxonMobil), Associated Press, Time Inc (now Time Warner), and branches of Chase National Bank (now JP Morgan Chase).
The family office, of which he was in charge, shifted from 26 Broadway to the 56th floor of the landmark 30 Rockefeller Plaza upon its completion in 1933. The office formally became "Rockefeller Family and Associates" (and informally, "Room 5600").
In 1921, Junior received about 10% of the shares of the Equitable Trust Company from his father, making him the bank's largest shareholder. Subsequently, in 1930, Equitable merged with Chase National Bank, making Chase the largest bank in the world at the time. Although his stockholding was reduced to about 4% following this merger, he was still the largest shareholder in what became known as "the Rockefeller bank." As late as the 1960s, the family still retained about 1% of the bank's shares, by which time his son David had become the bank's president.
In the late 1920s, Rockefeller founded the Dunbar National Bank in Harlem. The financial institution was located within the Paul Laurence Dunbar Apartments at 2824 Eighth Avenue near 150th Street, servicing a primarily African-American clientele. It was unique among New York City financial institutions in that it employed African Americans as tellers, clerks and bookkeepers as well as in key management positions. However, the bank folded after only a few years of operation.
In a celebrated letter to Nicholas Murray Butler in June, 1932, subsequently printed on the front page of The New York Times, Rockefeller, a lifelong teetotaler, argued against the continuation of the Eighteenth Amendment on the principal grounds of an increase in disrespect for the law. This letter became an important event in pushing the nation to repeal Prohibition.
Rockefeller was known for his philanthropy, giving over $537 million to myriad causes over his lifetime compared to $240 million to his own family. He created the Sealantic Fund in 1938 to channel gifts to his favorite causes; previously his main philanthropic organization had been the Davison Fund. He had become the Rockefeller Foundation's inaugural president in May, 1913 and proceeded to dramatically expand the scope of this institution, founded by his father. Later he would become involved in other organizations set up by Senior, the Rockefeller University and the International Education Board.
In the social sciences, he founded the Laura Spelman Rockefeller Memorial in 1918, which was subsequently folded into the Rockefeller Foundation in 1929. A committed internationalist, he financially supported programs of the League of Nations and crucially funded the formation and ongoing expenses of the Council on Foreign Relations and its initial headquarters building, in New York in 1921.
He established the Bureau of Social Hygiene in 1913, a major initiative that investigated such social issues as prostitution and venereal disease, as well as studies in police administration and support for birth control clinics and research. In 1924, at the instigation of his wife, he provided crucial funding for Margaret Sanger (who ironically had previously been an opponent of his because of his mistreatment of workers) in her work on birth control and involvement in population issues. He donated five thousand dollars to her American Birth Control League in 1924 and a second time in 1925.
In the arts, he gave extensive property he owned on West Fifty-fourth Street for the site of the Museum of Modern Art, which had been co-founded by his wife in 1929.
In 1925, he purchased the George Grey Barnard collection of medieval art and cloister fragments for the Metropolitan Museum of Art. He also purchased land north of the original site, now Fort Tryon Park, for a new building, The Cloisters.
In November, 1926, Rockefeller came to the College of William and Mary for the dedication of an auditorium built in memory of the organizers of Phi Beta Kappa, the honorary scholastic fraternity founded in Williamsburg in 1776. Rockefeller was a member of the society and had helped pay for the auditorium. He had visited Williamsburg the previous March, when the Reverend Dr. W.A.R. Goodwin escorted him — along with his wife Abby, and their sons, David, Laurance, and Winthrop — on a quick tour of the city. The upshot of his visit was that he approved the plans already developed by Goodwin and launched the massive historical restoration of Colonial Williamsburg on November 22, 1927. Amongst many other buildings restored through his largesse was The College of William & Mary's Wren Building.
In 1940 Rockefeller hosted Bill Wilson, and others, one of the original founders of Alcoholics Anonymous at a dinner to tell their stories. "News of this got out on the world wires; inquiries poured in again and many people went to the bookstores to get the book, "Alcoholics Anonymous." Rockefeller offered to pay for the publication of the book, but in keeping with AA traditions of being self-supporting, AA rejected the money from Rockefeller.
Through negotiations by his son Nelson, in 1946 he bought for $8.5 million - from the major New York real estate developer William Zeckendorf - the land along the East River in Manhattan which he later donated for the United Nations headquarters. This was after he had vetoed the family estate at Pocantico as a prospective site for the headquarters (see Kykuit). Another UN connection was his early financial support for its predecessor, the League of Nations; this included a gift to endow a major library for the League in Geneva which today still remains a resource for the UN.
A confirmed ecumenicist, over the years he gave substantial sums to Protestant and Baptist institutions, ranging from the Interchurch World Movement, the Federal Council of Churches, the Union Theological Seminary, the Cathedral of St. John the Divine, New York's Riverside Church and the World Council of Churches. He was also instrumental in the development of the research that led to Robert and Helen Lynd's famous Middletown studies work that was conducted in the city of Muncie, Indiana, that arose out of the financially supported Institute of Social and Religious Research.
As a follow on to his involvement in the Ludlow Massacre, Rockefeller was a major initiator with his close friend and advisor William Lyon Mackenzie King in the nascent industrial relations movement; along with major chief executives of the time he incorporated Industrial Relations Counselors (IRC) in 1926, a consulting firm whose main goal was to establish industrial relations as a recognized academic discipline at Princeton University and other institutions. It succeeded through the support of prominent corporate chieftains of the time, such as Owen D. Young and Gerard Swope of General Electric.
In the 1920s he also donated a substantial amount towards the restoration and rehabilitation of major buildings in France after World War I, such as the Reims Cathedral, the Château de Fontainebleau and the Château de Versailles for which in 1936 he was awarded France's highest decoration, the Grand-Croix de la Legion d'honneur, which was awarded decades later to his son David Rockefeller.
He also liberally funded the notable early excavations at Luxor in Egypt, and the American School of Classical Studies for excavation of the Agora and the reconstruction of the Stoa of Attalos, both in Athens; the American Academy in Rome; Lingnan University in China; St. Luke's International Hospital in Tokyo; the library of the Imperial University in Tokyo; and the Shakespeare Memorial Endowment at Stratford-on-Avon.
In addition, he provided the funding for the construction of the Palestine Archaeological Museum in East Jerusalem - the Rockefeller Museum - which today houses many antiquities and was the home of many of the Dead Sea Scrolls until they were moved to the Shrine of the Book at the Israel Museum.
He had a special interest in conservation, and purchased and donated land for many American National Parks, including Grand Teton (hiding his involvement and intentions behind the Snake River Land Company), Acadia, Great Smoky Mountains, Yosemite, and Shenandoah. In the case of Acadia National Park, he financed and engineered an extensive Carriage Road network throughout the park. Both the John D. Rockefeller Jr. Memorial Parkway that connects Yellowstone National Park to the Grand Teton National Park and the Rockefeller Memorial in the Great Smoky Mountains National Park were named after him. He was also active in the movement to save redwood trees, making a significant contribution to Save-the-Redwoods League in the 1920s to enable the purchase of what would become the Rockefeller Forest in Humboldt Redwoods State Park.
In 1951, he established Sleepy Hollow Restorations, which brought together under one administrative body the management and operation of two historic sites he had acquired: Philipsburg Manor House in North Tarrytown, now called Sleepy Hollow, (acquired in 1940 and donated to the Tarrytown Historical Society), and Sunnyside, Washington Irving’s home, acquired in 1945. He bought Van Cortland Manor in Croton-on-Hudson in 1953 and in 1959 donated it to Sleepy Hollow Restorations. In all, he invested more than $12 million in the acquisition and restoration of the three properties that were the core of the organization’s holdings. In 1986, Sleepy Hollow Restorations became Historic Hudson Valley, which also operates the current guided tours of the Rockefeller family estate of Kykuit in Pocantico Hills.
He is the author of the noted life principle, among others, inscribed on a tablet facing his famed Rockefeller Center: "I believe that every right implies a responsibility; every opportunity, an obligation; every possession, a duty".
In 1935, Rockefeller received The Hundred Year Association of New York's Gold Medal Award, "in recognition of outstanding contributions to the City of New York." He was awarded the Public Welfare Medal from the National Academy of Sciences in 1943.
He also helped fund Yellowstone and many other National Parks.
In August 1900, Rockefeller was invited by the powerful Senator Nelson Wilmarth Aldrich of Rhode Island to join a party aboard President William McKinley's yacht, the USS Dolphin, on a cruise to Cuba. Although the outing was of a political nature, Rockefeller's future wife philanthropist/socialite Abigail Greene "Abby" Aldrich was included in the large party; the two had first met in the fall of 1894 and had been courting for over four years.
Rockefeller married Abby on October 9, 1901, in what was seen at the time as the consummate marriage of capitalism and politics. She was a daughter of Senator Aldrich and Abigail Pearce Truman "Abby" Chapman. Moreover, their wedding was the major social event of its time - one of the most lavish of the Gilded Age. It was held at the Aldrich Mansion at Warwick Neck, Rhode Island, and attended by executives of Standard Oil and other companies.
The couple had six children; Abby (November 9, 1903 – May 27, 1976), John III (March 21, 1906 – July 10, 1978), Nelson (July 8, 1908 – January 26, 1979), Laurance (May 26, 1910 – July 11, 2004), Winthrop (May 1, 1912 – February 22, 1973), and David (born June 12, 1915)
Abby died of a heart attack at the family apartment at 740 Park Avenue in April, 1948. Junior remarried in 1951, to Martha Baird, the widow of his old college classmate, Arthur Allen. Rockefeller died of pneumonia on May 11, 1960 at the age of 86 in Tucson, Arizona, and was interred in the family cemetery in Tarrytown, with 40 family members present.
His sons, the five Rockefeller brothers, established an extensive network of social connections and institutional power over time, based on the foundations that Junior - and before him Senior - had laid down. David became a prominent banker, philanthropist and world statesman. Abby and John III became philanthropists. Laurance became a venture capitalist and conservationist. Nelson and Winthrop Rockefeller later became state governors; Nelson went on to become Vice President of the United States under President Gerald Ford.
Junior's principal residence in New York was the 9-story mansion at 10 West Fifty-fourth Street, but he owned a group of properties in this vicinity, including Nos 4, 12, 14 and 16 (some of these properties had been previously acquired by his father, John D. Rockefeller). After vacating Number 10 in 1936, these properties were razed and subsequently all the land was gifted to his wife's Museum of Modern Art. In that year he moved into a luxurious 40-room triplex apartment at 740 Park Avenue. In 1953, the real estate developer William Zeckendorf bought the 740 Park Avenue apartment complex and then sold it to Rockefeller, who quickly turned the building into a cooperative, selling it on to his rich neighbors in the building.
Years later, just after his son Nelson become Governor of New York, Rockefeller helped foil a bid by greenmailer Saul Steinberg to take over Chemical Bank. Steinberg bought Junior's apartment for $225,000, $25,000 less than it had cost new in 1929. It has since been called the greatest trophy apartment in New York, in the world's richest apartment building.
Honors and legacy
In 1929 he was elected an honorary member of the Georgia Society of the Cincinnati.
The John D. Rockefeller Jr. Library at Brown University, completed in 1964, is named in his honor.