CHARLES RANLETT FLINT (January 24, 1850 – February 26, 1934) was an
American and was the founder of the Computing-Tabulating-Recording
Company which later became
IBM . For his financial dealings he earned
the moniker "Father of Trusts".
* 1 Early life and family
* 2 Business career
* 3 Legacy
* 4 Bibliography
* 5 References
* 6 External links
EARLY LIFE AND FAMILY
Flint was born on January 24, 1850 in Thomaston ,
Maine . His
father, Benjamin Chapman, had changed the family name to Flint after
being adopted by an uncle on his mother's side. The family moved from
New York City
New York City where his father ran the family's mercantile
firm Chapman & Flint, which had been founded in 1837.
In 1868, Charles Flint graduated from the New York University -
Tandon School of Engineering (then Polytechnic University of New York)
Brooklyn , and in 1871 entered the shipping business as a partner
in Gilchrest, Flint & Co., and later
W.R. Grace & Co.
W.R. Grace & Co. after a merger .
From 1876 to 1879, he served as the Chilean consul at New York City.
He also served as consul general to the
United States for Nicaragua
and Costa Rica.
In 1892, he consolidated several companies to form U.S. Rubber . In
1899 he repeated the same with
Adams Chewing Gum ,
Chiclets , Dentyne
Beemans to form
American Chicle . He was also responsible for
the formation of
American Woolen in 1899.
In 1911 he formed the
Computing-Tabulating-Recording Company through
the amalgamation (via stock acquisition) of four companies: The
Tabulating Machine Company, International Time Recording Company,
Computing Scale Company of America, and the Bundy Manufacturing
Company . Amalgamation was unusual at the time, Flint described it
as an "allied" consolidation. In 1924, CTR was re-christened as
International Business Machines. Flint served on the board of
IBM until 1930 when he retired.
He died on February 26, 1934 in
Washington, D.C. .
Charles Flint was an avid sportsman and loved swimming, hunting,
fishing, sailing, and aviation. He helped found the Automobile Club of
America. His Time Magazine obituary stated he negotiated the Wright
Brothers ' first sales of airplanes overseas. But it was the Wrights
themselves, in sometimes contentious negotiations with Charles R.
Flint & Co., who determined contract terms.
* Flint, Charles Ranlett (1923). Memories of an active life: Men,
and Ships, and Sealing Wax. G.P. Putnam's Sons.
* Flint, Charles Ranlett (1892). Industrial combinations: Address by
Charles R. Flint, before The Commercial Club of Providence on the
evening of April 29th, 1892.
* Flint, Charles Ranlett; James J. Hill; James H. Bridge; S. C. T.
Dodd; Francis B. Thurber (1902). The Trust, Its Book: Being a
presentation of the several aspects of the latest form of industrial
revolution. Doubleday, Page & Co.
* ^ Cashman, Sean Dennis (1984). America in the Gilded Age: From
the Death of Lincoln to the Rise of Theodore Roosevelt. New York : New
York University Press . p. 57. ISBN 978-0-8147-1387-7 .
OCLC 9762495 .
* ^ "\'Father of Trusts\' Going Back to Work at 80; C.R. Flint Will
Undertake Another Merger".
New York Times
New York Times . January 21, 1930.
Retrieved 2010-12-14. Charles Ranlett Flint, who on Friday will
celebrate his eightieth birthday, expects to go back to Wall Street
and resume business at the old stand, 25 Broad Street. Not that he has
ever retired, for the offices have been maintained and he has bees
more or less in touch with them, but for the last two years Mr. ...
* ^ "Coal Merger?". Time . February 16, 1925. Charles Ranlett Flint
was born in Thomaston, Me., in 1850. His people had always been
shippers; he, looking-for his first job, went to "every shipping
office in Manhattan," but no one would hire him. Thereupon he wrote
himself a reference, had cards made which declared him to be an.
expert dock-clerk, entered Grace & Co., shippers. ...
* ^ Stinson, John: The
Charles Ranlett Flint
Charles Ranlett Flint Papers, 1872–1930
Archived June 11, 2007, at the
Wayback Machine ., New York Public
Library , November 1991.
* ^ Flint, Charles R. (1923). Memories of an Active Life: Men, and
Ships, and Sealing Wax. G.P. Putnam's Sons. pp. 300–302.
* ^ NY Times June 10, 1911 Tabulating Concerns Unite: Flint Company
(17 June 1911).
United States Investor. 22, Part 2. p. 1298 (26).
* ^ "
IBM Archives: Frequently Asked Questions" (PDF). p. 28.
* ^ Flint (1923) p.312
* ^ "Flint, 81, Retires; \'Father of Trusts\'. Passed 50 Years of
His Life in Making Big Industrial Concerns From Small Units. Intends
To Hunt and Fish. Woolen, Chicle, Rubber and Many Other Combinations
Due to His Efforts. Arrived Here 65 Years Ago. Proud of Money-Making
New York Times
New York Times . February 19, 1931. Retrieved 2010-12-14.
Charles Ranlett Flint, who spent fifty years of his life organizing
small industrial units into large corporations, announced here
yesterday that he was retiring at the age of 81 for the second and
* ^ "C. R. Flint is Dead. \'Father of Trusts\'. Former
Industrialist Was a Pioneer in Consolidation of Large Corporations.
Helped Form U.S. Rubber. Retired at 78, but Returned to Activities Two
Years Later. Owner of Speedy Yachts".
New York Times
New York Times . February 14,
* ^ "Died". Time . February 26, 1934. Charles Ranlett Flint, 84,
retired industrial promoter, international agent, sportsman; of
arteriosclerosis, after two years' illness; in Washington. Son of a
New England clipper fleet owner, he fitted out warships for Brazilian
revolutionists; sold torpedo boats and submarines to Russia, a cruiser
to Japan; negotiated the Wright Brothers' first sales of airplanes
abroad. He gathered a fortune reputed to be $100,000,000, had a hand
in forming so many U. S. corporations that newspapers christened him
'Father of Trusts.'
* ^ Crouch, Tom (1989). The Bishop's Boys (1 ed.). New York: W.W.
Norton & Company. pp. 328–30,331, 334–335, 337–338,342, 346,
359,360,406, 440, 451–452. ISBN 0-393-02660-4 .