Jabez Abel Bostwick (September 23, 1830 – August 16, 1892) was an American businessman who was a founding partner of

Standard Oil Standard Oil Company, Inc., was an American oil production, transportation, refining, and marketing company that operated from 1870 to 1911. At its height, Standard Oil was the largest petroleum company in the world, and its success made its co-f ...

Early life

Bostwick was born in Delhi, New York on September 23, 1830. He was a son of Abel Bostwick (1798–1861) and Sally (

née A birth name is the name of a person given upon birth. The term may be applied to the surname, the given name, or the entire name. Where births are required to be officially registered, the entire name entered onto a birth certificate or birth re ...

Fitch) Bostwick (1797–1869). While still a boy, his family moved to a farm in Ohio. As a young man, Jabez Bostwick first worked in a hardware store then opened his own.

Career

He next ventured into the cotton brokerage business in Cincinnati but soon moved to New York City where he became involved in the production side of the oil business through his firm, Tilford & Bostwick established in 1866. He bought out Tilford and in 1878 went into successful partnership with

Henry Flagler Henry Morrison Flagler (January 2, 1830 – May 20, 1913) was an American industrialist and a founder of Standard Oil, which was first based in Ohio. He was also a key figure in the development of the Atlantic coast of Florida and founde ...

and the Rockefeller brothers, John and William. Jabez Bostwick served as the Secretary-Treasurer of the Standard Oil Trust. Jabez Bostwick was also a major shareholder and President of the New York and New England Railroad, a substantial shareholder in the Housatonic Railroad, a member of the

New York Cotton Exchange The New York Cotton Exchange (NYCE) is a commodities exchange founded in 1870 by a group of one hundred cotton brokers and merchants in New York City. In 1998, the New York Board of Trade (NYBOT) became the parent company of the New York Cotton ...

, and who sat on numerous other corporate boards. In spite of the enormous wealth he obtained, Bostwick was known as a modest man of exemplary character who was a devout member of the Baptist Church. He donated money to his church and to educational institutions such as Wake Forest College in Winston-Salem, North Carolina and University of Richmond, Richmond College in Richmond, Virginia.

Personal life

Bostwick was married to Helen Celia Ford (1848–1920). Helen was the daughter of Smith Reed Ford and Frances Lee (née Fox) Ford. Together, they were the parents of: * Nellie Ford Bostwick (1868–1906), who married Francis Lee Morrell (1863–1893) in 1887. After his death, she remarried to Hamilton Wilkes Cary (1862–1917) in 1895. * Frances Evelyn "Fannie" Bostwick (1872–1921), who married Capt. Albert J. Carstairs (1862–1927) in 1895. They divorced and she married Francis Francis (1853–1928), son of English writer Francis Francis (writer), Francis Francis, in 1903. They also divorced and she married Count Roger Marie Felix Symon de Perigny (1875–1945) in 1915. They also divorced and she married Dr. Serge Voronoff, Serge Abrahamovitch Voronoff (1866–1951) in 1919. * Albert Carlton Bostwick (1878–1911), who married Marie Lillian Stokes (1877–1962). After his death, Marie remarried to Fitch Gilbert. On August 16, 1892, Bostwick died in a freak stable fire at Friedheim, his summer residence in Mamaroneck (town), New York, Mamaroneck in Westchester County, New York, Westchester County. During the fire he tried to save his horses and carriages. As he and the stable hands pushed a coach from the carriage house he got overrun by a Private Coach weighing 2000/3000 lbs. His widow, Helen C. Bostwick, upon her death on April 27, 1920 left an estate per public record that was valued at $29,264,181.00, including nearly $20 million of Standard Oil stock.

Descendants

Through his daughter Fannie, he was the grandfather of Joe Carstairs, Marion Barbara "Joe" Carstairs (1900–1993), a power boat racer known for her speed and her eccentric lifestyle, and Francis Francis (1906–1982), a pilot. Through his son Albert, he was the grandfather of five grandchildren, including: Dorothy Stokes Bostwick (1899–2001), a philanthropist and the first woman to hold a helicopter pilot's license; Albert C. Bostwick Jr. (1901–1980), a thoroughbred racehorse owner and breeder whose horse Mate (horse), Mate won the 1931 Preakness Stakes; Lillian Bostwick Phipps (1906–1987), an owner of Thoroughbred steeplechase (horse racing), steeplechase horse racing, racehorses who won the American Grand National eight times and who married Ogden Phipps; Dunbar Wright Bostwick (1908–2006), the chairman of the Aviation Instrument Manufacturing Corp. who was a standardbred horse breeder; and Pete Bostwick, George Herbert "Pete" Bostwick (1909–1982), a Museum of Polo and Hall of Fame, Hall of Fame polo player, National Museum of Racing and Hall of Fame, U.S. Racing Hall of Fame steeplechase jockey and horse trainer.George H. (Pete) Bostwick; Trained Steeplechase Horses – New York Times
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References

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