Cause of death House fire Spouse Helen Ford (m. 1866) Name Jabez Bostwick | Religion Baptist Occupation Businessman, investor Resting place Woodlawn Cemetery | |
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Full Name Jabez Abel Bostwick Born September 23, 1830 Delhi, New York, United States Residence 800 Fifth Avenue, Manhattan, New York & Mamaroneck, New York Known for Co-founder, Standard Oil Children Nellie (Morrell)
Albert Carleton
Fannie (Carstairs) Died August 16, 1892, Mamaroneck Board member of Standard Oil, New York and New England Railroad | ||
Jabez Abel Bostwick (September 23, 1830 – August 16, 1892) was an American businessman who was a founding partner of Standard Oil.
Biography
Born in Delhi, New York, 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. 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 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, 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 institututions such as Wake Forest College in Winston-Salem, North Carolina and Richmond College in Richmond, Virginia.
Jabez Bostwick died in a freak stable fire at Friedheim, his summer residence in Mamaroneck, New York, in 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.