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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.
Payne fought under General Thomas at Chickamauga, Georgia, where Oliver was seriously wounded on Sept 19, 1863. After a recovery of several months, he rejoined the regiment and fought at Rocky Face Ridge, Resaca, and Pickett's Mills, Georgia during the Atlanta campaign.
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 de ene. de 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.
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.
Learn about the life and legacy of Col. Oliver Hazard Payne, a wealthy industrialist, philanthropist, and yachtsman who built a mansion in Esopus, N.Y. in 1905. The mansion is now owned by Raymond A. Rich and is part of the Marist College campus.
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.
