New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-12-12
!. ROGERS MAXWELL
DROPS DEAD IN HOME
Family with FinanCier When
Stroke of ApopIexy Kills Him
at Age of Sixty-four.
FAMOUS AS A YACHTSMAN
Won as Much Celebrity III Sports
as in Wall Street-Out of
Portland Cement
Recently.

| finance for many years and one "e
| best known yachtsnIen in the country
| dropped dead in his home. at No. IS
| Eighth avenue Brooklyn. last evening
All the members of his family were with
| him except j. Rogers Maxwell, j..
Mr. Maxwell had seemed to be as we'll
! spirits There was not the slightest
| warning of his impending death, which
was due to stroke OF cerebral apoplexy
| Mr. Maxwell was in his sixty-fiftfl
year He was born in this city on No
vember 20, 1916.
Mr. Maxwell was only nineteen years
| old when he formed the banking firm OF
| Maxwell & Graves. Associated with MIN
| in this enterprise were his father ana
Henry Graves, and the firm fourlshed
from the start In 1880 Mr. Maxwell be-
came intimately acquainted with Aus
tin Corbn and when the latter be-
came the owner of the Long Island
Railroad he elected him Vice-presl-
dent In later years Mr. Maxwell
was elected chairman of the execu-
tive committee of the Central Railroad
Of New Jersey. 1t was after this that
he formed the Atlas Portland Cement
Company. of which he was the head untii
October 20, when he was succeeded pF
John r. Moron, of Chicago.
Mr.. Maxwell was practically deposed
from the leadership of the Atlas Port
land Cement Company by the firm or
7. =. Morgan & Co. which bought the
company known as the cement trust,
he
announcement of the acquiring of the
company by J. P. Morgan Co. it was
stated that Mir Maxwell would rel1n-
ouish his office on account of i'll health
Although he stepped down from the
presidency of the Atlas company MI
Maxwell was retained as chairman OF
the board of directors, place which
was specially created for him.
Several other members of the Maxwell
family were directors in the Atlas Ce-
raent Company. namely Henry ". Max
well. a brother. who died in 1902: 7. r.
Maxwell. -ir. and Henry L. Maxwell
both sons of Mr Maxwell.
Many Runors on Cement.
For several months before Mr., Max
well stepped Gown from the head of the
Atlas Portland Cement Company rumors
were current in Wall Street that he
would relinquish his hold on the cor
p0ra tion. 1t was known that he held a
controlling interest and when the final
announcement was made that he had
severed his active connection with the
concern. it created surprise in financial
circles because Mr.. Maxwell had always
denied the rumors that he was about to
resign the presidency.
Besides his great holdings in the Gem
ent corporation, Mr.. Maxwell was re-
puted to be one of the largest individual
stockholders in the anthracite roads,
with which he had been long Identified.
Large interests in several railroad lines
controlled by Mr.. Maxwell passed into
the hands of powerful banking interests
in Wall Street il July.
When Henry ". Maxwell died, in 1902
J. Rogers Maxwell. to whom the brother
had left the bulk of his fortune. an
ncunc.d that he would give a new build
ing to the Long Island College Hospital
in memory of his brother. He gave
s4OO. 900 to the new home for the hos
pital.
When the big slump occurred in the
stock market in July 1t was learned that
Mr. Maxwell was forced to part with
substantial amounts of his holdings OF
Iackawanna Jersey Central, Reading
and other stocks.
The Atlas Portland Cement Company
was Mr. MaxweIl's chief hobby, and 1t
WAS said that ne took more active IN
t.rest in it than iii any of the other cor
rorations in which he was Interested.
The company was incorporated in May,
1Se9 under the laws of Pennsylvania.
IFS eapital stock was 81, ,000. 900. and the
coupanv owned seven plants The COM
nanv had the Panama Canal contract
which called for 4.500,000 barrels OF
Portland cement the largest single con-
tract in the history of the cement bust
ness. 1t began making shipments under
from 1000 to 10000 barrels a day.
Reasons for Cement Fight.
The total output of the Portland Atlas
Cement Company. with the completion
of the plant at Hudson. \. Y, was said
to he more than 1S000,O0 barrels year,
and it was on that account that the
r-rited states Steel interests wished to
gain control of the cement holdings of
Mr.. Maxwell, which meant that the