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Left. By the late John Davison Rockefeller: an estate of $25,000,000, residue of a fortune which, but for gifts, might have reached $,.500,000,000. To John D. Rockefeller Jr. he left his personal effects. No bequests were made to friends or servants. Bulk of the estate, estimated at $10,000,000 after taxes, was left in trust to Mrs. Margaret Strong de Cuevas, daughter of the late Bessie Rockefeller Strong, oldest of Rockefeller's five children, and Prof. Charles Augustus Strong, now living in Fiesole, Italy. She is the wife of Marquis George de Cuevas, Spanish...

Author: /time Magazine | Title: Milestones, Jun. 14, 1937 | 6/14/1937 | See Source »

...conceived and built this contraption was Wallace Andrews, one of John Davison Rockefeller's associates. Mr. Andrews' coal pipeline was only one product of his fertile imagination. A popular dandy with a flair for equipage and flowered vests, in 1890 he organized Manhattan's first ice manufacturing company. Before that he had started to pipe live steam underground to supply Manhattan buildings with heat. Oddly, the successful steam idea was ridiculed even more than the coal dream, which came to naught. Mr. Andrews burned to death in a fire that leveled his Fifth Avenue mansion...

Author: /time Magazine | Title: Business: Steam Condensed | 6/14/1937 | See Source »

...stanch believers in the committee as an administrative form are Standard Oil Co. (New Jersey) and the Union of Soviet Socialist Republics. In operating efficiency the two show considerable variation. Dating back to the days when the late John Davison Rockefeller met almost daily with his partners to chart the devious course of the old Oil Trust, Standard's devotion to committees is even carried into executive functions. Standard's president is chief executive officer but there is also an active, working chairman. For a long time this executive team has been President Walter Clark Teagle and Chairman...

Author: /time Magazine | Title: Business & Finance: 11 1/2% of the World | 6/14/1937 | See Source »

Half-masted last week was the flag of the New York Stock Exchange in memory of its most famed member-John Davison Rockefeller. Only once did Mr. Rockefeller ever enter the Exchange. That was in 1883 when he bought his seat, the rules-requiring his personal apearance before the admissions committee. But his membership, entitling him to low commissions, saved him vast sums in his personal transactions. He paid $30,000 for his seat, saw it sink to $15,500 in the 1890s, rise to $625,000 in the 19205, sink again to the current figure, $91,000. When...

Author: /time Magazine | Title: Business: Benefit | 6/7/1937 | See Source »

...sources of income, including horse trading and hawking a cancer cure, was often absent from home for weeks at a time, used to cheat his sons to teach them sharpness. Where or when the father died is a secret which the Rockefellers have never divulged. The pious mother, Eliza Davison Rockefeller, brought up the moral balance...

Author: /time Magazine | Title: Business & Finance: Last Titan | 5/31/1937 | See Source »

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