Henry Huttleston Rogers, Date of Birth, Place of Birth, Date of Death

    

Henry Huttleston Rogers

American businessman

Date of Birth: 29-Jan-1840

Place of Birth: Mattapoisett, Massachusetts, United States

Date of Death: 19-May-1909

Profession: entrepreneur, financier

Nationality: United States

Zodiac Sign: Aquarius


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About Henry Huttleston Rogers

  • 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. Rogers' success in the oil industry began with Charles Pratt in 1866, when he invented the process by which naphtha was separated from crude oil, making oil refining possible.
  • John D.
  • Rockefeller bought his and Pratt's business in 1874, and Rogers rose rapidly in Standard Oil.
  • He designed the idea of a very long pipeline for transporting oil, as opposed to using railway cars.
  • In the 1880s, he broadened his interests beyond oil to include copper, steel, banking, and railroads, as well as the Consolidated Gas Company that provided coal gas to major cities.
  • By the 1890s, as Rockefeller was withdrawing from the oil business, Rogers was a dominant figure at Standard Oil.
  • 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.
  • His last major enterprise was building the Virginian Railroad to service the West Virginia coal fields.
  • After 1890, he became a prominent philanthropist, as well as a friend and supporter of Mark Twain and Booker T.
  • Washington. His biographer states: A strange dualism characterized Rogers.
  • 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."...Rogers delighted in outwitting his contemporaries and in exercising power that comes from great wealth.
  • However, he flourished just as the Gilded Age was giving way to the Progressive Era, and therefore his drive to power was frustrated by reforms and changes to more acceptable management styles that the twentieth century was ushering in.

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