Jacob Friedrich Schoellkopf Jr. (February 27, 1858 – September 9, 1942) was an American business executive, founder of Schoellkopf Aniline and Chemical Works, and member of the Schoellkopf family who were involved in hydroelectric resources at Niagara Falls.
Jacob Friedrich Schoellkopf Jr. | |
|---|---|
.jpg) Jacob F. Schoellkopf Jr. in 1908 | |
| Born | February 27, 1858 |
| Died | September 9, 1942 (aged 84) |
| Resting place | Forest Lawn Cemetery |
| Nationality | American |
| Alma mater | University of Munich University of Stuttgart |
| Occupation | Business magnate |
| Spouse | Wilma Spring |
| Children | 3 |
| Parent(s) | Jacob F. Schoellkopf Christiana T. Duerr |
Early life
editJacob F. Schoellkopf Jr. was born in Buffalo on February 27, 1858, the fourth son of industrialist Jacob F. Schoellkopf (1819–1899) and Christiana T. (née Duerr) Schoellkopf (1827–1903). He started his education at local schools in Buffalo, then St. Joseph's Collegiate Institute in Buffalo, afterward going to Germany where he studied for from 1873 to 1880 at the University of Munich and in Stuttgart specializing in chemistry where he graduated from the Stuttgart-Polytechnic College as a member of the class of 1880.[1]
Career
edit
After Schoellkopf graduated, he returned to Buffalo, New York from Germany. His studies at the university had involved the subject of coal tar dyes, and he felt that the American market offered a great field for these products.[2] Therefore, he established the "Schoellkopf Aniline and Chemical Works", which was founded shortly after his return to Buffalo and which constituted the largest plant of its kind in the United States. The business later became the "Schoellkopf, Hartford & Hanna Company", of which Schoellkopf was president.[3] As of 1908, the company had $3,000,000 (equivalent to $101,733,000 in 2023) capital, employed 350 men and was paying $15,000 (equivalent to $509,000 in 2023) a month in wages. The plant covered about thirty-six acres of land and consisted of thirty brick buildings.[2]
National Aniline and Chemical Company was formed in 1917 by the merger of Schoellkopf Aniline and Chemical, Beckers Aniline and Chemical of Brooklyn, and the Benzol Products Company. Included also were certain facilities of Semet-Solvay, the Barrett Company, and the General Chemical company that made coal tar intermediates.[4] The executives were Schoellkopf, C. P. Hugo Schoellkopf, I. F. Stone, and Dr. William G. Beckers.
Additionally, Schoellkopf was president of the "American Magnesia and Covering Company", located at Plymouth Meeting near Philadelphia; vice-president of the "Commonwealth Trust Company" and of the "Central National Bank"; and a director of the Columbia National Bank and of the "Security, Safe Deposit Company". He was also a director of the Niagara Falls Hydraulic Power and Manufacturing Company; a director of the National Aniline and Chemical Company of New York; also of the "Cliff Paper Company" of Niagara Falls and the "International Hotel Company", also of Niagara Falls. He was president of the "Contact Process Company"[1] and an investor in the "New York State Steel Company"[2] (which later became Republic Steel).[5]
Schoellkopf was president of the "Schoellkopf, Hutton & Pomeroy Investment Bank", a private entity, which later evolved into the "Niagara Share Corp.," a closed-end investment fund.[6][a] In 1926, Schoellkopf and his son, Jacob F. Schoellkopf III, engaged Esenwein & Johnson to build the "Niagara Share Building" to house the investment bank. The bank was on the third floor of the building and featured a telegraph room and trading floor which was a mini-version of the New York Stock Exchange.[8]
Personal life
editOn March 31, 1882, Schoellkopf was married to Wilma Spring (c. 1861–1938),[9] daughter of Alexander Spring, of Stuttgart, Germany. They resided in Buffalo, New York[3] and together they had:
- Jacob F. Schoellkopf III (1883–1952),[10] who married Olive Abbott (1886–1958), daughter of George Lansing Abbott and Nellie M. Houghton.[11]
- Ruth Wilma Schoellkopf (1899–1961), who married archaeologist Philip Phillips (1900–1994) in 1922.[12]
- Esther Spring Schoellkopf (b. 1901), who married Ernest Kramer (d. 1955)[13] of Berne, Switzerland on February 13, 1928 in Honolulu, Hawaii.[14]
Schoellkopf was a member of the Buffalo Historical Society, of the National Geographical Society of Washington, D.C., and of the American Society for Political and Social Science.[2] He was also a member of the Buffalo Club and the Country Club of Buffalo.[1] He was a trustee of Buffalo General Hospital[2] and the inaugural chair, from 1919 to 1922, of the Community Foundation Board (now the "Community Foundation for Greater Buffalo").[15]
Schoellkopf died on September 9, 1942.[16] He was buried alongside his wife Wilma, who died in 1938, Lakeside Memorial Park Cemetery in Hamburg, New York. At his death, Schoellkopf left $50,000 (equivalent to $932,000 in 2023) to the Buffalo Council of the Boy Scouts of America and an additional $50,000 (equivalent to $932,000 in 2023) among six public, welfare and educational organizations.[17] Additionally, he made bequests to several of his employees, including $10,000 (equivalent to $186,000 in 2023) to his housekeeper, Rose Boger. The majority of his estate was left to his three children.[17]
References
edit- Notes
- ^ In 1960, Schoellkopf, Hutton & Pomeroy merged with Dominick & Dominick, the investment and merchant banking firm located in New York City.[7]
- Sources
- ^ a b c Cutter, William Richard (1912). Genealogical and Family History of Western New York, Vol. I. Buffalo, NY. p. 394.
{{cite book}}: CS1 maint: location missing publisher (link) - ^ a b c d e Memorial and Family History of Erie County, New York. Buffalo, NY: Genealogical Publishing Company. 1908. pp. 134–136. Retrieved 25 October 2015.
schoellkopf aniline and chemical works.
- ^ a b "Schoellkopf, Jacob F - Erie County". newyorkroots.org. 2015 New York Genealogy Project. Retrieved 26 October 2015.
- ^ "National Aniline and Chemical Company Buffalo, New York". colorantshistory.org. Archived from the original on 19 August 2021. Retrieved 12 April 2022.
{{cite web}}: CS1 maint: unfit URL (link) - ^ Wooster, Margaret (January 29, 2009). Living Waters: Reading the Rivers of the Lower Great Lakes. SUNY Press. p. 64. ISBN 9780791477120. Retrieved 26 October 2015.
- ^ "BANKING FIRM OUT OF NIAGARA SHARE; Schoellkopf, Hutton & Pomeroy to Get Status Independent of Parent Company". The New York Times. 29 October 1935. Retrieved 14 October 2021.
- ^ "Schoellkopf, Hutton & Pomeroy To Merge With Dominick Firm". The New York Times. 19 February 1960. Retrieved 14 October 2021.
- ^ LaChiusa, Chuck. "History, Exterior - Niagara Share Building". buffaloah.com. Retrieved 26 October 2015.
- ^ TIMES, Special to THE NEW YORK (17 September 1938). "MRS. JACOB SCHOELLKOPF; Wife of President of Buffalo Investment Firm Was 77". The New York Times. Retrieved 14 October 2021.
- ^ TIMES, Special to THE NEW YORK (17 December 1952). "J. SCHOELLKOPF JR., INDUSTRIALIST, DIES; Buffalo Investment Executive Member of Bell Aircraft and Dunlop Tire Boards, Was 69". The New York Times. Retrieved 14 October 2021.
- ^ "MRS. J. SCHOELLKOPF JR". The New York Times. 20 April 1958. Retrieved 14 October 2021.
- ^ Philip Phillips; James A. Ford; James Alfred Ford; James B. Griffin; Stephen Williams (2003). Archaeological Survey in the Lower Mississippi Alluvial Valley 1940-1947. The University of Alabama Press. ISBN 9780817350222. Retrieved 26 October 2015.
- ^ "Deaths". The Age. October 6, 1955. Retrieved 17 November 2015.
- ^ "Marriages: Oahu (1911-1929)". ulukau.org. Retrieved 17 November 2015.
- ^ "Past Chairs of the Community Foundation Board" (PDF). cfgb.org. Retrieved 26 October 2015.
- ^ "J. F. SCHOELLKOPF, DYE PIONEER, DEAD; Leader in Making of Anilines, I 84, Stricken at Lip-State Homei Half Hour Before Nephew HEADED INVESTMENT FIRM Ex-Chairman of Niagara Falls Power Company -- Assisted Philanthropic Projects". The New York Times. 11 September 1942. Retrieved 14 October 2021.
- ^ a b "Schoellkopf Will Leaves $50,000 to Boy Scouts" (PDF). Lockport N.Y. - Union-Sun & Journal. September 16, 1942. Retrieved 26 October 2015.