Seymour H. Knox I

popular name: Charles Louis Fleischmann

date_of_death: December 10, 1897

age: 62

cause_of_death: Paralysis

claim_to_fame: Business and Finance

best_know_for: Charles Louis Fleischmann was a Hungarian-American who, along with his brother Maximilian and another partner, created America’s first commercially produced yeast, which revolutionized baking in a way that made today’s mass production and consumption of bread possible. It all began in 1870 when, at the instigation of his partner, Charles began to make yeast by a Hungarian method with which he had been long familiar. The patent for making compressed yeast from the froth or scum formed during the manufacture of malt or spirituous liquors was taken out, however, by his brother Henry, who assigned it to Fleischmann & Gaff in return for an annuity. This yeast was slow in finding a market, so that the partners nearly failed. As a last resort they put on a huge exhibit at the Philadelphia Centennial Exposition, at which spectators could see the yeast made, the dough set, and the bread baked, and could then adjourn to a restaurant and eat the bread. The exhibit was popular; the restaurant yielded a cash profit; and the advertising value of the enterprise was enormous. Thereafter there was no trouble in selling Fleischmann’s yeast. After Gaff’s death in 1879, Fleischmann bought his share in the business for $500, 000. His wealth grew rapidly. He became a director in some twenty-five Cincinnati enterprises and was president of a cooperage company, a large vinegar works in Illinois, a newspaper company, and the Market National Bank. He took a hand in civic affairs, was fire commissioner in 1890, was elected as a Republican to the state Senate in 1879 and again in 1895, and was a friend and adviser of William McKinley. Today Fleischmann's Yeast is the #1 seller of yeast and the #2 manufacture of vinegar in the world. Upon his death, he was laid to rest at Spring Grove Cemetery in Cincinnati, Ohio.

popular name: Edwin Merton McBrier

date_of_death: September 19, 1956

age: 91

cause_of_death: Natural causes

claim_to_fame: Business and Finance

best_know_for: Born in 1865, McBrier grew up in Hermon, New York. Eventually he left his home and ended up in Lockport, New York where he went into business with Frank. W. Woolworth and Seymour Knox, a founding partner of the famous Woolworth Co. Located on Main Street, it was known as Woolworth & McBrier/Knox & McBrier 5 and 10 cent Store. The business thrived and grew into a successful chain of stores. By the company’s 50th anniversary in 1929, there were 2,247 Woolworth stores in the United States, Canada, Cuba, England, and Germany. Sales topped $303 million.

popular name: J. P. Morgan

date_of_death: March 31, 1913 (aged 75)

age: 75

cause_of_death: Acute attack of gastro enteritis

claim_to_fame: Business and Finance

best_know_for: J.P. Morgan was a titan of American business. In the late 19th and early 20th centuries his position and connections put him squarely in the middle of the development of American industry. Of his generation John Pierpont Morgan (1837-1913) was the most powerful banker, industrialist and art collector in America. Born in Connecticut, he was the third generation of a banking dynasty that he would go on to dwarf with his financial acumen and bullish instinct. His father Junius Spencer Morgan was a partner in a London-based merchant bank. Another ancestor, James Pierpont, founded Yale University. At the height of his powers in the 1890s, Morgan was said to control one sixth of America’s railway lines. In 1895 he and a consortium of bankers rescued America’s Gold Standard loaning the federal government more than $60 million. In addition to the bank that bore his name, Morgan invested in and subsequently bought the Carnegie Steel Company, Edison General Electric and the United States Steel Corporation. He also acquired the New York Times newspaper and founded the Metropolitan Club in New York when the Union Club blackballed his friend John King. Deeply offended, he instructed the architects ‘build me a club fit for gentlemen. Forget the expense’. However, Morgan was not content just in the banking world – he had many interests elsewhere. Adolph Ochs, publisher of the Chattanooga Times, secured a loan with J.P. Morgan’s help and managed to save the New York Times. His personal and business interests extended to steel and railroads. He purchased U.S. Steel from Andrew Carnegie and merged it with a few other firms to create United States Steel in 1901. Over 100 years later that firm is still going strong.