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ROCKEFELLER THE SECOND.

«. SON OF THE OIL MAGNATE. Mr. John D. Rockefeller, jun., son of the Standard Oil magnate, who had severed his business connection to undertake the management of his father's new gigantic philanthrophic organisation, the Rockefeller Foundation, will take with him into the direction of the work of giving away £4,000,000 yearly a keen intellect and a bToadmindedness that will be safeguards against unworthy objects securing any considerable part of the charitable funds. Young Mr. Rockefeller (he is only thirty-three years old, says a writer in the Budget) has made a name for himself in financial circles, quite apart from the fact that he is the son of the richest man in the world. In many ways he resembles his father, and particularly in the elder Rockefeller's personal frugality and financial sagacity. He- is a millionaire in his own right, having made a number of successful coupa in Wall-street, beside permanently investing his money to great advantage. He is a graduate of Brown University, one of the smaller American seats of learning, which was specially selected by his father, who believed that less temptations exist in a small university than in a large one.' Soon after graduation, he entered the New York office of the Standard Oil Company, and. started at the bottom round of the business ladder, earning a salary of £3 a week. He was at his desk every morning at nine o'clock, and he worked as late as tho last man. At noon he went to one of the small Broadway restaurants, selecting only modest dishes. *'I never spend more than thirty cents. (Is 3d) for my lunch," he once said. After completing his apprenticeship in the Standard Oil office, young Mr. Rockefeller was made a director of the Deleware, Lackawanna, and Western Railway, the first position of responsibility giv-en him. He showed marked ability, and soon he was on the board of directors of half a dozen big railways and indxistrial companies. Outside business interests Mr. Rockefeller, jun., is an indefatigable church worker, and his Sunday-school class in connection with the Fifth-avenue Baptist Church was nationally famous, until he was forced, for reasons of health, to abandon it. He has not played any considerable part in public life, though he lias served on a committee of the National Civic Federation to arbitrate in labour disputes.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/EP19100514.2.101

Bibliographic details

Evening Post, Volume LXXIX, Issue 113, 14 May 1910, Page 10

Word Count
391

ROCKEFELLER THE SECOND. Evening Post, Volume LXXIX, Issue 113, 14 May 1910, Page 10

ROCKEFELLER THE SECOND. Evening Post, Volume LXXIX, Issue 113, 14 May 1910, Page 10

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