
Harry Ford Sinclair
American businessman and oilman (1876–1956)
Harry Ford Sinclair (July 6, 1876 – November 10, 1956) was an American industrialist, and the founder of Sinclair Oil. He was implicated in the 1920s Teapot Dome scandal, and served six months in prison for contempt of Congress.2
From Wikipedia’s article on Harry Ford Sinclair (this version), CC BY-SA 4.0.
Born Jul 6, 1876, died Nov 10, 1956.1
About
Although this harmed his reputation, he returned to his former life and enjoyed its prosperity until his death.
Sinclair was an avid owner of sports properties, one of the principal financial backers of baseball's Federal League and a force in U.S. thoroughbred racing. Horses from his stable won the Kentucky Derby and three Belmont Stakes.
From Wikipedia’s article on Harry Ford Sinclair, shared under CC BY-SA 4.0.2
Companies
- Sinclair Oil CorporationFounder9
Early life and education
Harry Sinclair was born in Benwood, West Virginia, now a suburb of the city of Wheeling. Sinclair grew up in Independence, Kansas. The son of a pharmacist, after finishing high school, he entered the pharmacy department of the University of Kansas, at Lawrence. He was working as a pharmacist in 1901 when the business failed. He then began selling lumber for derricks in the oil fields of southeastern Kansas. On the side, he started speculating in oil leases. The opportunity in the rapidly expanding oil industry saw him become a lease broker and acquire an interest in the White Oil Company. In 1904, Sinclair married Elizabeth Farrell of Independence, Kansas. By the time he was thirty, he had become a millionaire.
From Wikipedia’s article on Harry Ford Sinclair (this version), CC BY-SA 4.0.
Career
Occupation: pharmacist, businessperson, entrepreneur.5
- Since 1931Chair, Consolidated Oil4
- Date not recordedFounded Sinclair Oil Corporation3
In 1910, four businessmen: Eugene Frank Blaise, Charles J. Wrightsman, William Connelly, and Harry F. Sinclair bought the failed Farmers National Bank in Tulsa. They created a new entity, Exchange National Bank, and named Sinclair as president. This bank, later renamed as the National Bank of Tulsa, was a forerunner of the present Bank of Oklahoma.
On May 1, 1916, the highly successful Sinclair formed Sinclair Oil from the assets of eleven small petroleum companies. In the same year, he bought the Cudahy Refining Company of Chicago, owner of several oil pipelines and refineries. By the end of the 1920s, Sinclair Oil refineries had a production capacity of 80,000 barrels a day and had built almost 900 miles (1,400 km) of oil pipelines. Operations were expanded in various areas including a 12,000-acre (49 km2) coal mining property. The company was ranked as the seventh largest oil company in the United States and the largest in the Midwest. Harry Sinclair's business acumen made him an important member of the local business community and he helped organize the State Bank of Commerce, which later was acquired by the First National Bank of Independence, of which Sinclair served on the board of directors.
His brother, Earle W. Sinclair, served as president of Sinclair Refining Company until his death at age 70 of heart disease on September 21, 1944.
From Wikipedia’s article on Harry Ford Sinclair (this version), CC BY-SA 4.0.
Personal life
Legal issues and controversies
Harry Sinclair's high-profile image as a reputable American business leader and sportsman came into question in April 1922 when The Wall Street Journal reported that, Albert B. Fall, the United States secretary of the interior, had granted an oil lease to Sinclair Oil without competitive bidding. The oil field lease was for government land in Wyoming that had been created as an emergency reserve for the United States Navy. What became known as the Teapot Dome scandal, ultimately led to a United States Senate establishing a Committee on Public Lands and Surveys to conduct hearings into the circumstances surrounding the government oil lease. The result was a finding of fraud and corruption which led to a number of civil lawsuits and criminal charges against Harry Sinclair and others. In 1927 the United States Supreme Court declared the Sinclair oil lease had been corruptly obtained and ordered it canceled.
Two weeks after Harry Sinclair's trial began in October 1927, it abruptly ended when the judge declared a mistrial following evidence presented by the government prosecutors showing that Sinclair had hired a detective agency to shadow each member of the jury. Sinclair was charged with contempt of court, the case eventually winding up before the Supreme Court who, on June 3, 1929 upheld Sinclair's conviction. He was fined and sentenced to six and a half months in prison, which he served as prisoner #10,520, at the District of Columbia jail.
While in prison, Sinclair was allowed to work as both pharmacist and physician's assistant, and it was while working within these capacities that he was allowed to be taken by car to attend to the prisoners assigned to work details at the city wharfs. Public attention and perceived favoritism prompted George S. Wilson, district director of Public Welfare, to order an end to these rides, but rumors of Sinclair's preferential treatment continued.
In October 1929, Secretary Fall was found guilty of bribery, fined $100,000 and sentenced to one year in prison, making him the first Cabinet member to go to prison for his actions in office.
From Wikipedia’s article on Harry Ford Sinclair (this version), CC BY-SA 4.0.
Links
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataHarry Ford Sinclair on Wikidata
- 2WikipediaHarry Ford Sinclair on Wikipedia
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