Cornelius Vanderbilt Whitney Cornelius Vanderbilt " C . V . " ( " Sonny " ) Whitney ( February 20 , 1899 — December 13 , 1992 ) was an American businessman , film producer , writer , philanthropist , polo player , and government official , as well as the owner of a leading stable of thoroughbred racehorses . Born in Old Westbury , New York , he was the son of the wealthy and socially prominent Harry Payne Whitney ( 1872 — 1932 ) and Gertrude Vanderbilt ( 1875 — 1942 ) . He had a younger sister , Barbara Whitney , and an elder sister , Flora Payne Whitney . As a member of both the Whitney and Vanderbilt families , he inherited a substantial fortune . However , Cornelius Vanderbilt Whitney proved to be a very capable businessman , using his connections to make investments that played an important role in the development of the American economy . Business career . After graduating from Yale University in 1922 , he went to work at a Nevada mine owned by his father . C . V . ' s paternal grandfather William Collins Whitney was a co - founder and director of the Guaranty Trust Company of New York and in 1926 C . V . Whitney was appointed a director , serving on the bank ' s board until 1940 . In 1927 , CV joined with William Avery Rockefeller III and other investors to back Juan Trippe in establishing the Aviation Corporation of America which a year later would become Pan American World Airways . In 1931 , Whitney founded the Hudson Bay Mining and Smelting Co . Limited in Canada . The company became a major zinc mining operation and Whitney served as chairman of the board until 1964 . C . V . Whitney became involved in the motion picture industry , notably with his cousin John Hay Whitney as a major shareholder backing the Technicolor Corporation . The two were also financiers for the 1939 film classic " Gone with the Wind " . Seventeen years later , C . V . Whitney served as a producer through his own " C . V . Whitney Pictures . " His company made three films , the first being the acclaimed 1956 production , " The Searchers " , directed by John Ford . Second was " The Missouri Traveler " in 1958 with Brandon deWilde and Lee Marvin and the third " The Young Land " in 1959 with Patrick Wayne and Dennis Hopper . Whitney was a major financial partner in the development of Marine Studios , designed as an underwater motion picture studio located on the ocean south of St . Augustine , Florida . The Studios opened on June 23 , 1938 with an estimated 30 , 000 visitors and eventually evolved into a major marine attraction . It was billed as " the world ' s original marine attraction " . Whitney sold the attraction and its amenities to a group of St . Augustine businessmen in 1984 . The oceanariums , restaurant , motel and other facilities were demolished in 2008 . Whitney ' s legacy continues at the Whitney Laboratory . Sportsman . His father , Harry Payne Whitney , had been an avid polo player and thoroughbred racehorse owner and C . V . Whitney followed in his footsteps , winning the U . S . Open polo title three times . Since 1979 , the Greenwich Polo Club at Conyers Farm in Greenwich , Connecticut has awarded the C . V . Whitney Cup to the winner of an annual polo tournament He was the third generation of Whitneys to be heavily involved in thoroughbred horse racing . The Grade 1 Whitney Handicap at Saratoga Race Course was inaugurated in his family ' s honor in 1928 . C . V . Whitney acquired his father ' s stable in 1930 and on May 17 , his two - year - old colt Equipoise gave him his first stakes race victory when he won the Keene Memorial Stakes at Belmont Park . Equipose would go on to become a success on the racetrack and as a leading sire and would be inducted in racing ' s Hall of Fame in 1957 . Among Whitney ' s other outstanding horses , Top Flight was the 1931 American Champion Two - Year - Old Filly and the 1932 American Champion Three - Year - Old Filly who was aslso voted into the U . S . Racing Hall of Fame . Although he had fifteen horses compete in the Kentucky Derby , Whitney never won the prestigious race . Silver Spoon was the only filly entered in the Derby between the years 1945 and 1980 , coming in a credible fifth in 1959 . Ridden by jockey Eddie Arcaro and trained by Sylvester Veitch , Whitney ' s horse Phalanx won the first division of the 1947 Wood Memorial Stakes , finished second in the 1947 Kentucky Derby , took third in the ensuing Preakness Stakes , then won the Belmont Stakes . In the 1951 Kentucky Derby , Whitney ' s Veitch - trained colt Counterpoint was still developing after an injury as a yearling that almost ended his career and tired badly , finishing 11th . However , Counterpoint came back to take second place in the Preakness Stakes and subsequently gave Whitney his second win in the Belmont Stakes and then went on to earn 1951 Horse of the Year honors . Among other successful horses from his stables , Career Boy won the United Nations Handicap and was voted the Eclipse Award champion Grass Horse for 1956 . And First Flight was one of his best fillies , winning the Matron Stakes and beating males in Belmont ' s Futurity Stakes in 1946 . One of Whitney ' s homes was the " Cady Hill " estate at Saratoga Springs , New York , not far from the Saratoga Race Course . It was there in 1950 that he founded the National Museum of Racing and Hall of Fame and served as its first president . A former director of Churchill Downs , he was given anl Eclipse Special Award in 1984 in recognition of his lifetime contribution to thoroughbred horse racing in the United States . The C . V . Whitney Farm in Lexington , Kentucky bred more than 175 stakes winners until age forced him to sell off a large part of the property in the 1980s to Gainesway Farm . After his death in 1992 , his widow , Marylou Whitney , continued breeding and racing operations on a smaller scale . A much respected figure in racing , her " Marylou Whitney Stables " owned Birdstone , the 2004 Belmont Stakes winner . Upon his death CV owned over 51 , 000 acres ( 210 km² ) in the Adirondacks along with a great camp called " Deerlands " . Located within the Oswegatchie Great Forest , the Whitney estate is home to more than 40 lakes and ponds as well as the headwaters of the Beaver , Raquette and Bog rivers . In 1997 New York State bought 14 , 700 acres ( 59 km² ) of the 51 , 000 acre ( 210 km² ) Whitney tract from Marylou ' s " Whitney Industries " for $ 17 . 1 million . Government and military service . Having spent considerable time in France , C . V . Whitney ' s mother Gertrude became involved supporting the Allied forces during World War I . She dedicated a great deal of her time and money to various relief efforts , establishing and maintaining a hospital in France for wounded soldiers . Eighteen - year - old C . V . Whitney joined the United States Army , serving as a cadet in the Signal Corps , rising to the rank of Second Lieutenant . With the onset of American involvement in World War II , Whitney volunteered again for service , rising to the rank of colonel with the United States Army Air Forces . At the end of the war , C . V . Whitney served under U . S . President Harry S . Truman as Assistant Secretary of the Air Force ( 1947 – 49 ) and Undersecretary of Commerce ( 1949 – 50 ) . He was also appointed President Truman ' s special envoy to the United Kingdom , Luxembourg , Spain and Italy . Philanthropy and arts patronage . C . V . Whitney was raised in an artistic environment . Mother Gertrude was an accomplished sculptor who studied in Paris under Auguste Rodin . She was also the founder of the Whitney Museum of American Art in New York City . As an adult , C . V . Whitney played a role in establishing the Saratoga Performing Arts Center in Saratoga Springs , New York , was a supporter of the American Museum of Natural History in New York City , and was a founder of the Whitney Gallery of Western Art in Cody , Wyoming . The Mr . And Mrs . Cornelius Vanderbilt Whitney Hall of Fame collection was provided in 1987 to the National Museum of Dance in Saratoga Springs , New York . It is the only museum in the world dedicated to professional dance . C . V . Whitney donated important artworks to various museums . Notable donations include the gift of a 1634 Anthony van Dyck painting of Henri II de Lorraine , 5e Duc de Guise , which had been in the Whitney family for three generations , to the National Gallery of Art in Washington , DC . In 1953 Whitney donated the 1872 Thomas Eakins painting , " The Biglin Brothers Racing " , to the National Gallery of Art in Washington , D . C . . C . V . Whitney ' s interest in the natural history of marine animals resulted in the 1938 founding of the world ' s first oceanarium . Marineland , near St . Augustine , Florida , included a small research laboratory that drew academic biologists . Eventually , Whitney provided the University of Florida with an adjacent parcel of land plus half of the construction capital required to build a full - scale academic center , the C . V . Whitney Laboratory for Experimental Marine Biology and Medicine ( now called The Whitney Laboratory for Marine Bioscience ) . In addition , he donated Whitney Hall to the university , a building that serves as a conference center and contains dormitories and apartments . In 1963 , his estate at Old Westbury , New York was subdivided and offered to the New York Institute of Technology for use as its Long Island campus . Written works . Cornelius Vanderbilt Whitney wrote five books : Family and legacy . C . V . Whitney was married four times . His first marriage was to Marie Norton from 1923 to 1929 ; they had two children , Harry Payne Whitney II and Nancy Marie Whitney . His second marriage was to Gladys Crosby " Gee " Hopkins from 1931 to 1940 ; they had one daughter , Gail . His third marriage was to Eleanor Searle , from 1941 to 1957 ; they had one son , Searle . His last marriage was in 1958 to Marie Louise Schroeder ( Marylou Whitney ) ; they had one daughter , Cornelia . They remained married until his death . In 2000 , his widow helped finance the publication of " Legend of Cornelius Vanderbilt Whitney " by Jeffrey L . Rodengen ( ISBN 0 - 945903 - 60 - X ) . Over the 1920s Whitney successfully fended off several million dollar lawsuits filed by former Ziegfeld Follies dancer Evan - Burrows Fontaine charging him with breach of promise and paternity of her son . C . V . died in 1992 in Saratoga Springs , New York at the age of 93 and is buried there in the Greenridge Cemetery . In 1994 a portion of New York State Route 50 in the City of Saratoga Springs was designated " C . V . Whitney Memorial Highway . "