Harry Ford Sinclair
Photo: National Photo Company Collection, Public domain, via Wikimedia Commons10

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

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

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

  • BornJul 6, 1876, Benwood6
  • DiedNov 10, 1956, Pasadena7
  • CitizenshipUnited States8