The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-11-24
E. c. BENEDICT DIES,
BROKER REACHED 81
Continued from First Page.

Gas Company became the bone OF con-
tention between stock operators. Mr..
Benedict's Arm of L. C. Benedict & Co.
arrayed itself against the STANDARD OIL
Company and doomed the stock for all
Il was worth.
Although never an Office holder. Nj,
Benedict during most OF his life was a
keen student Of POLITICS lie was close
siiend of President c eveland and backed
him through all the events OF hts Presi-
d0ntial career Frequently President
= ave and, whose love OF fshing w7s Wen
known, would steal Off on his frierds
Yacht TO svend a few DAYS away from
he trials OF statecraft. II was on Mr..
Bene@ lets yacht. the Oneida, that the
President underwent the operation on
his liberated jawbone which gave rise to
disqrietng rumors throughout the coun-
try that ne was suffering from a serious
illness.
Friend of Grover Cleveland.
Upon many occasions Mr.. and Mrs.
Cleveland would visit Commodore Bene-
dict at his beautiful home at Greenwich,
Conn, and the Commodore frequently
was the guest at Mr.. Cleveland's SUM
mer home on Buzzards Bay. In 1897
" T.
for Governor of Connecticut and an
nounced that he would accept the nomi-
ration II his candidacy was insisted
upon Later he decided not to have any
thing 10 do with State politics
Besides his business and political in
terests Mr.. Benedicts chief hobbies
were his residence and his yachting and
fishing trips. On the site OF the old
Indian Harbor Hotel he erected eoun
try home which was one of the finest IN
the country. The villa, built in the style
of the Italian Renaissance period stands
on the end of the promontory which
ilts out from Greenwich into the Sound.
II cost. so 1t was stated at the time OF
its erection in 1896 and 1896, almost two
million dollars.
At one time Mr.. Benedict belonged to
six yacht clubs. including the New York
Corinthian and Larchmont clubs. lie
was commodore of the Seawanhaka
Yacht Club Aboard the Oneida he de-
lighted to sail down the coast and Visit
the West Indies and South America,
In the fall of 1904 Commodore
benedict mace perhaps the most famous
of all his trips. In the steam yacht
Virginia. which he had chartered for
the cruise. Mr.. Benedict, with a party
of friends, who included K. M, Backus,
former Consul at Para; William NJ
Wins, Russell C. Colt. son of the presi-
dent OF the United states Rubber Com
pany; j. Howard Ford and Charles r.
Hastings. steamed up the Amazon River
for 1900 miles, further than any other
yacht had ever gone. There Commodore
Benedict combined business with pleas
ure and inspected the rubber industry.
in which he was interested.
From this time on, although over
seventy years of age. Commodore Bene-
dict, as he relaxed the cares OF Wall
Street. spent more and more time afloat
on those many journeys which finally
totalled more than 100000 miles. He
still kept keen eye on things ashore
however, and in January. 1906, startled
section of the country by declaring al
dinner americans are the smartest
race of darn fools that ever existed. y
He explained later that he meant that
the affairs of the country should be ad-
ministered on business rather than po-
litical principles