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Oliver Hazard Payne (July 21, 1839 – June 27, 1917) was an American businessman, organizer of the American Tobacco Company Trust, assisted with the formation of U.S. Steel, and was affiliated with Standard Oil.
Oliver Hazard Payne was a Cleveland-born businessman and philanthropist who became a major shareholder of Standard Oil and American Tobacco. He donated millions to Cornell Medical College, Yale, and other institutions, and owned a large yacht named Aphrodite.
20. Jan. 2024 · Oliver Hazard Payne (July 21, 1839 – June 27, 1917) was an American businessman, organizer of the American Tobacco trust, and assisted with the formation of U.S. Steel, and was affiliated with Standard Oil. He is considered one of the 100 wealthiest Americans, having left an enormous fortune.
- July 21, 1839
- June 27, 1917
Oliver Hazard Payne bequeathed at least $2,000,000 and the Esopus estate to Harry Payne Bingham. Harry Payne Bingham and Harry Payne Whitney were Oliver's two favorite nephews.
Oliver Hazard Payne's Civil War Service. When the Civil War began, Oliver Hazard Payne was a student at Yale, class of 1863. He left Yale in October 1861 to join the Union Army as a volunteer for a three year term. His family finances would have made it simple for Oliver to avoid military service with a compensating payment of $300, as did his ...
27. Okt. 2022 · Cleveland Masterworks: Oliver Hazard Perry Payne led the Cleveland-based 124th Ohio Volunteer Infantry through intense combat in the Civil War—rising through the ranks by age 24—before launching a thriving business career in oil with John D. Rockefeller and sharing his wealth with family and through philandtrhopy.
Oliver Payne was a major stockholder in Tennessee Coal and Iron Company. During the 1907 panic, several banks were shaken and Moore & Schley, a speculative brokerage house was $25 million in debt. This was Payne's major stockbroker. Moore & Schley had used a gigantic majority stake in Tennessee Iron and Coal as collateral against loans.
