Richard_Thornton_Wilson_Jr.

Richard Thornton Wilson Jr.

Richard Thornton Wilson Jr.

American banker and businessman


Richard Thornton Wilson Jr. (September 11, 1866 – December 29, 1929) was an American investment banker and capitalist who was a prominent figure in thoroughbred horse racing in the early decades of the 20th century.[1][2]

Quick Facts Born, Died ...

Early life

Wilson was born in New York City, one of five surviving children of Richard Thornton Wilson Sr. (1829–1910) and Melissa Clementine Johnston (1831–1908).[3][1] Born in Georgia, his father was a multimillionaire railroad owner and investment banker in New York City who served as the commissary general of the Confederate States of America.[1][3]

Wilson attended private schools and graduated from Columbia University with a B.A. in 1887.[1][4] While at Columbia, he joined the Fraternity of Delta Psi (St. Anthony Hall).[5]

Career

Wilson joined R. T. Wilson & Co, a cotton trading and investment firm founded by his father in New York City after the Civil War.[3][1] He eventually succeeded his father as head of company.[1]

Thoroughbred racing

In 1896, Richard Wilson Jr. and Harry Payne Whitney teamed up with a group of investors to purchase the Saratoga Race Course, which had fallen into the hands of an undesirable New Jersey brothelkeeper, Gottfried Waldbaum. Wilson served as president of the Saratoga Racing Association for the Improvement of the Breed of Horses, which operated the facility.[1] Wilson is credited with enlarging the facility and improving its appearance.[1] He also welcomed women horse owners, creating the Lady-Owners Handicap.[1]

In addition, Wilson oversaw Belmont Park as a director of the Westchester Racing Association.[1] He was also a steward in the Jockey Club.[1]

In 1896, Wilson hired Thomas J. Healey to manage his racing stable. For three decades, they would win a number of the most important East Coast races, including the Travers Stakes three times, the Preakness Stakes, and the Belmont Stakes. In 1916, he bought Kirklevington Nursery in Lexington, Kentucky, which contained over 500 acres of bluegrass land and was considered "one of the most up-to-date nurseries in the district."[6] Among Wilson's successful racehorses were:

Personal life

Richard T. Wilson home at Palmetto Bluff SC

On March 11, 1902, Wilson married Marion Steedman Mason (1875–1947) of Boston, daughter of Louisa Blake Steedman and Dr. Amos Lawrence Mason, a cousin of Bishop of Massachusetts William Lawrence.[20][1] Marion's grandparents included Rear Admiral Charles Steedman of Charleston, South Carolina, captain of the USS Ticonderoga, and Rev. Charles Mason who was the son of the U.S. Senator from New Hampshire, Jeremiah Mason.[21] Together, they had two daughters: Louisa Steedman Wilson (1904–1974) and Marion Mason Wilson (1906–1982).[1]

Their main home include 300 Park Avenue in New York City; with summer homes "Shady Lawn" in Newport, Rhode Island; and "Indian House" in Middletown, Rhode Island.[20][22][1] In 1902, Wilson purchased an 18,000 hunting estate at Palmetto Bluff in South Carolina where he raised livestock and champion horses, hunted, road, and farmed.[23] So his wife would also enjoy winters in South, he built a four-story mansion there in 1916.[23] The mansion had a gold-gilded ballroom and a vast library.[23] The home burned on March 2, 1926, and the property was sold shortly afterwards.[23]

Because of Wilson's and his siblings' advantageous marriages, the Wilsons were known in New York and Newport society as the "marrying Wilsons." His sister Grace Graham Wilson married Cornelius "Neily" Vanderbilt III.[24] His older brother, Marshall Orme Wilson, married Caroline Schermerhorn "Carrie" Astor.[25][26][lower-alpha 1][28] His sister Belle married the Sir Michael Henry Herbert, the British Ambassador to the United States and the brother of the Earl of Pembroke.[29][30][31] His sister Mary Wilson married New York real estate heir Ogden Goelet.[1][32]

Wilson was a member of many prominent social clubs, including The Brook, the Knickerbocker Club, and the Union Club of the City of New York.[1] His sports clubs included the Racquet and Tennis Club, the South Side Sportsmen's Club, and the Turf & Field Club at the Belmont Park[1] He was also a member of the Sons of the American Revolution.[1]

After an illness lasting several months, Wilson died of pneumonia at his home in New York City on December 29, 1929, at the age of 63.[1] Wilson's funeral service at St. Bartholomew's Episcopal Church in New York on January 1, 1930, was attended by more than 1,000 people.[33] His Delta Psi fraternity brothers conducted a special ceremony at the funeral.[33] He was interred in the family mausoleum at Woodlawn Cemetery in The Bronx.[33]

His estate was estimated at $10,000,000 at his death.[2]

Notes

  1. Carrie was the youngest daughter of William Backhouse Astor Jr. and Caroline Webster Schermerhorn, leader of the "Four Hundred", and her brother was Colonel John Jacob Astor IV, richest passenger on the RMS Titanic.[27]

References

  1. "Richard T. Wilson, Turf Leader, Dead; Brother of Mrs. Cornelius Vanderbilt Succumbs to Pneumonia in 63d Year. Had Headed Banking Firm. President of Association to Improve Breed of Horses--Won Many Victories on Track. Son of New York Banker. His Greatest Turf Victory". The New York Times. 30 December 1929. p. 16. Retrieved April 26, 2022.
  2. Fromson, Brett Duval (15 April 2007). "Opinion | Confederates Among Us". The New York Times. Retrieved 15 March 2018.
  3. Meyer, H. L. G. Catalog of the Members of the Fraternity of Delta Psi Revised and Corrected to July 1906. New York: Fraternity of Delta Psi, 1906 via Google Books
  4. ""Shady Lawn Manor Newport, Rhode Island"". Newport Postcard Collection. Salve Regina University. 13 July 2010. Retrieved 15 March 2018.
  5. "R.T. Wilson at Palmetto Bluff". Discover Low County. Retrieved April 26, 2022.
  6. "Mrs. C. Vanderbilt Dies At Home Here. Leader of New York, Newport Society for Many Years Was Hostess to Royal Figures". New York Times. January 8, 1953. Retrieved 2011-05-28. Mrs. Cornelius Vanderbilt, still recognized as the leader of New York and Newport society although inactive in recent years, died of pneumonia last night at her home, 1048 Fifth Avenue. She was believed to have been in her eighty-third year.....
  7. "Mrs. Wilson Rites at Trinity Church". The New York Times. 16 September 1948. Retrieved 12 March 2018.
  8. "Noted Men On The Lost Titanic. Col. Jacob Astor, with His Wife. Isidor Straus and Wife, and Benj. Guggenheim Aboard". The New York Times. April 16, 1912. Retrieved 2013-12-10. Following are sketches of a few of the well-known persons among the 1,300 passengers on the lost Titanic. The fate of most of them at this time is, of course, not known. Col. John Jacob Astor and Mrs. Astor, Isidor Straus and Mrs. Straus, J. Bruce Ismay, Managing Director of the White Star Line: Benjamin Guggenheim, and Frank D. Millet, the artist, are perhaps the most widely known of the passengers.....
  9. "Died. Wilson". The New York Times. 4 April 1926. Retrieved 12 March 2018.
  10. "Betrothed to an Earl's Brother". The New York Times. 29 June 1888. Retrieved 15 March 2018.
  11. "Engaged to an Earl's Brother". The New York Times. 30 June 1888. Retrieved 15 March 2018.

Further reading


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