William L. Harkness

William L. Harkness
William Lamon Harkness (August 8, 1858 – May 10, 1919) was an American businessman and inheritor of a large share of Standard Oil.
Early life
William Lamon Harkness was born in Bellevue, Ohio, the son of Daniel M. Harkness, who was the half-brother of both Henry Flagler and Stephen V. Harkness, both founders of Standard Oil, and his wife Isabella Harkness. Upon his father Daniel's death in 1896, he inherited a large share in Standard Oil, a company in which his father had been an early shareholder. He is also a cousin of noted philanthropist Edward Harkness who also benefitted from his father's involvement with Standard Oil.
He attended Bellevue Public Schools in Bellevue, Ohio and The Brooks Military School in Cleveland. In 1881, Harkness graduated from Yale University.
Life
In 1896, he moved from Cleveland, Ohio to a home at 12 East 53rd Street in New York City. He also owned a country home, Dosoris, at Glen Cove on Long Island. A yachtsman and sportsman, he was a member of The Union Club of Cleveland, The Metropolitan Club New York, New York Yacht Club, the Seawanhaka Corinthian Yacht Club and Piping Rock Club.
In August 1911, while in command of his steam yacht Gunilda on Lake Superior, he ran her aground, due to his failure in recognising a requirement for a pilot and then compounding the matter by not hiring tugs at the appropriate time. She would sink in days. He put in a claim against the ship's insurer, Lloyd's of London for about $132,000 dollars, and received $100,000 compensation.
Philanthropy
Shortly before his death, Harkness donated $400,000 to Yale University. The William L. Harkness Hall at Yale University was completed in 1927 as the gift of Mr. W.L. Harkness, B.A. 1881, and his family. It is a Collegiate Gothic building of Aquia sandstone with Ohio sandstone trim and contains offices and lecture & recitation rooms for the French, German, and Music departments. William Adams Delano was the architect.
Personal life
Harkness was married to Edith Hale (1863–1947), daughter of Edwin B. Hale, a prominent banker from Cleveland. Together, they were the parents of:
Louise Hale Harkness (b. 1897), who married David Sinton Ingalls (1899–1985) in 1922. His mother, Jane Taft, was the niece of President William Howard Taft. He was the grandson of railroad executive Melville E. Ingalls, and great-grandson of industrialist David Sinton.
William Hale Harkness (1900–1954), who married Elisabeth Grant in 1932, and later on October 1, 1947, he married Rebekah Semple West Pierce (1915–1982).
Harkness died in New York City in 1919 and was buried in the Woodlawn Cemetery in The Bronx, New York. He left an estate of $53,439,437, which would be approximately $ in dollars, of which $37,272,254 was stock in Standard Oil. He left half of his estate including his houses at 12 West 53rd in New York and Dosoris at Glen Cove, NY to his wife Edith Hale Harkness. The remaining half was divided between his daughter Louise Hale Harkness and his son William Hale Harkness.
References
Sources
Klein, Henry H. Dynastic America and Those Who Own It (1921) reprint 2003 Kessinger Publishing.
1858 births
1915 deaths
Yale University alumni
Businesspeople from Cleveland
People from Bellevue, Ohio
William L.
Burials at Woodlawn Cemetery (Bronx, New York)
People from Turtle Bay, Manhattan
People from Glen Cove, New York