Evening star., 1940-01-11
Doherty
Continued From First Page)

personally controlled or owned about
per cent of the total issues.
Fortune Once Sl00. 10000
Prior to the depression of 1929,
when Cities Service stock was quoted
above $50 a share, his personal
fortune purportedly had a paper
value of more than S10O,00O,000.
It was drastically lower in the
post-depression years, but it still
was in the millions.
Mr.. Doherty, who started mis-
working life as $2-a-week Office
boy, was a bachelor until December
81. 1923. when he married the widow
of Percy Frank Eames, an official
of the International Harvester Co.
She was 40 at the time and the
mother of Helen Lee Eames. who
took her stepfather's name. The
ceremony took place at Toronto,
Ontario, but was not announced
until later in New York.
The widow is now in New York
She was at his bedside at the Tenn
pie University Hospital in Philadel-
phia the night he died. He had
been patient there intermittently
since 1881.
He had suffered through these
years from an obstruction of the
esophagus, and had gone to Phila-
delphia to seek treatment from DR..
Chevalier Jackson, who developed
the bronchoScope
Extensive Holdings in Florida.
Besides securities in Cities Service,
which vast Nation wide network Mr..
Doherty founded, the estate includes
extensive properties in Florida. He
invested heavily in Floridas future
as a recreation center and. vacation
spot.
He owned, through Henry l..
Doherty & Co., Inc, the following
hotels and clubs:
The Miami -Biltmore and Roney-
Plaza Hotels in Miami.
The Whitehall and Palm Beach
Biltmore in Palm Beach.
The Sun and Serf Club and the
Country Club in Palm Beach.
In addition to these holdings,
Doherty invested considerable money
in Coral Gables, Miami Beach and
Miami real estate and tax liens.
There were other securities, in
cluding a large share of the Kansas
City Journal-Post, in the portfolio of
the Doherty company.
Mr.. Doherty's will was typical of
his business methods. 1t was short
(about 130 Words and to the point,
unusually so for a document dispos-
ing of such tremendous wealth.
The elderly utilities wizard was
millionaire at IS when he came out
of the West to tackle Wall Street
and develop his complicated and
highly lucrative network of public
utilities and petroleum companies.
He grew beard to impress the
staid bankers of the East, but in the
beginning they ignored him.
His grasp on the financing of
public utilities, however, enabled
him to get ahead rapidly and not
many years after his first cool re-
ception he was more powerful than
the men who had once treated his
proposals with skepticism.
Native of Ohio.
Mr.. Doherty was born in Colum-
bus, Ohio, the son of an irish father
and Scotch mother. His formal
education was meager, as a boy of
10 he earned pocket money by SELL
ing newspapers. Two years later
he quit school to become an Office
boy with the Columbus Gas Co. BY
1896, when he was 26, he was assist
ant to the manager and in that
year he went to Madison, Wis, to
become manager of the Madison
Gas Electric Co.
After holding important public
utilities posts in st. Paul, Quebec
and Denver, he turned toward New
York.
In 1926 arthritis put a sudden stop
to his more vigorous business activi-
ties and for a time he was confined
to Johns Hopkins Hospital. In the
late 20s his illness became so crit
ical that physicians despaired of
his life. That was the underlying
reason the Henry L. Doherty & Co.,
Inc. was set up.