William Procter

popular name: Walter Knott

date_of_death: December 3, 1981

age: 91

cause_of_death: Parkinson's disease

claim_to_fame: Business and Finance

best_know_for: Walter Knott was an American farmer who created the Knott's Berry Farm amusement park in California. In the 1920s, Walter Knott was a somewhat unsuccessful farmer, whose fortunes changed when he nursed several abandoned berry plants back to health. The hybrid boysenberry, named after its creator, Rudolph Boysen, was a cross between a blackberry, red raspberry and loganberry. The huge berries were a hit, and the Knott family sold berries, preserves and pies from a Buena Park, California roadside stand. In 1934, Knott's wife Cordelia (née Hornaday, January 23, 1890 – April 12, 1974) began serving fried chicken dinners, and within a few years, lines outside the restaurant were often several hours long. To entertain the waiting crowds, Walter built a Ghost Town in 1940, using buildings relocated from Old West towns. Even after Disneyland opened in 1955 a mere 8 miles away, Knott's Berry Farm continued to thrive. Walt Disney and Walter Knott are rumored to have had a cordial relationship; it is known that they each visited the other's park, and they were both members of the original planning council for Children's Hospital of Orange County. Early additions to the farm included a narrow gauge railroad, a San Francisco cable car, a Pan-for-Gold attraction, the Calico Mine Train dark ride and a log flume ride. In 1968, the Knott family fenced the farm, charged admission for the first time, and Knott's Berry Farm officially became an amusement park. Because of his interest in American pioneer history, Knott purchased and restored the real silver mining ghost town of Calico, California in 1951. As a child Walter spent a lot of time in Calico living with his uncle. During World War I he helped to build a silver mill in Calico. This period in his life influenced his decision to buy the town and restore it. In 1966, he deeded Calico to San Bernardino County, California. Walter remained active in the operation of Knott's Berry Farm until the death of Cordelia in 1974, leaving day-to-day park operations to his children.

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.

popular name: Samuel Colt

date_of_death: January 10, 1862

age: 47

cause_of_death: Complications of gout

claim_to_fame: Business and Finance

best_know_for: Samuel Colt was an inventor, industrialist, and businessman who established Colt's Patent Fire-Arms Manufacturing Company (now Colt's Manufacturing Company) in Hartford, Connecticut and made the mass production of revolvers commercially viable. Colt's first two business ventures were producing firearms in Paterson, New Jersey, and making underwater mines; both ended in disappointment. His business affairs improved rapidly after 1847, when the Texas Rangers ordered 1,000 revolvers during the American war with Mexico. Later, his firearms were used widely during the settling of the western frontier. Colt's success came from his sophisticated manufacturing methods such as the use of interchangeable parts which helped him become one of the first to use the assembly line efficiently. Moreover, his innovative use of art, celebrity endorsements, and corporate gifts to promote his wares made him a pioneer of advertising, product placement, and mass marketing. Colt died in 1862 as one of the wealthiest men in America worth in excess of $440 million in today's money.