Edward Russell Thomas Explained

Edward R. Thomas
Birth Date:30 December 1875
Birth Place:Columbus, Ohio, U.S.
Death Place:New York City, U.S.
Occupation:Businessman, newspaper publisher
Alma Mater:Yale University
Parents:Samuel Russell Thomas
Ann Augusta Porter Thomas
Spouse:
    Children:2

    Edward Russell Thomas (December 30, 1875 – July 6, 1926) was an American businessman and sportsman.

    Early life and education

    Edward Russell Thomas was born in Columbus, Ohio on December 30, 1875.[1] He was a son of Ann Augusta (née Porter) Thomas (1847–1944) and Union general Samuel Russell Thomas (1840–1903), who left a fortune estimated at $20,000,000.[2] His younger sister, Eleanor Thomas,[3] was married to Robert Livingston Beeckman, who served as the Governor of Rhode Island from 1915 to 1921.[4]

    He graduated from Yale University in 1894.[2]

    Career

    Thomas was a senior member of Thomas & Thomas, a Wall Street firm.[2] In 1904, he acquired the New York Morning Telegraph from the estate of William Collins Whitney.[5]

    On October 31, 1905, board vacancies of Consolidated National Bank were filled by E. R. Thomas, O. F. Thomas, Robert Maclay, and George B. Hays, all who were selected by E. R. Thomas.[6] E.R. Thomas sold his interest in the Consolidated National Bank in October 1907, also resigning from his positions.[7]

    He was a member of the Union Club of the City of New York.[2]

    Personal life

    On June 29, 1901, he married 17 year old Linda Lee Thomas, a member of the prominent Lee family of Virginia, at Newport, Rhode Island. Linda, who was "known as one of the country's most beautiful women," was introduced to Thomas by friends and after their marriage, they lived a life of luxury, with houses in Palm Beach, Manhattan, and Newport. They divorced on October 26, 1912 and she later remarried to well-known musical theatre composer Cole Porter.

    In 1912, on the day his first wife obtained her final divorce decree, he married Elizabeth Finley, a daughter of Henry Finley of New York City. Before their 1924 divorce in Florida, they were the parents of one son together: Samuel Finley Thomas (1913–1989), who became a medical doctor.[8]

    In 1924, he married actress Lucy Cotton, the daughter of Adelaide Wisby Cotton and Warren Jefferson Cotton. Together, they lived at 320 Park Avenue and were the parents of one daughter: Lucetta Cotton Thomas (1925–1980), who changed her name to Mary Frances Thomas and married Kenneth Oscar Bailey.[9]

    Thomas died after a three day illness at the Harbor Sanitarium in New York City on July 6, 1926. He was buried at Sleepy Hollow Cemetery in Sleepy Hollow, New York.[10] His daughter Lucetta inherited Thomas' fortune.[11]

    Notes and References

    1. Book: Ingham . John N. . Biographical Dictionary of American Business Leaders . 1983 . Greenwood Publishing Group . 9780313213625 . 1453–1455 . 29 March 2019 . en.
    2. News: About Clubmen . The New York Times . 10 August 1902 . 45 . Newspapers.com. July 5, 2015 .
    3. News: Mrs R. L. Beeckman Dead in Virginia -- R I Governor's Wife Was Stricken Suddenly . 29 March 2019 . . December 21, 1920 . 11 . en.
    4. News: Robert Beeckman, Ex-Governor, Dies; Descendant Also of Livingstons Served 3 Terms, 1915-21, as Rhode Island Executive. Was Friend of Harding; Republican, 68, Was Mentioned for Vice President--Had Been in State Legislature . 29 March 2019 . . 22 January 1935 . subscription.
    5. News: The Morning Telegraph Sold. Secured from the Whitney Estate by E. R. Thomas . 2023-02-13 . . 1 . 22 March 1904.
    6. News: O. F. Thomas Now Heads Consolidated National; Is Elected President to Succeed Willis S. Paine. New Directors are Named;D E.R. Thomas Probably Will Be Allowed to Fill the Remaining Vacancies. . 2023-02-13 . . 1 November 1905 . 13.
    7. News: Banks Sound; Will Be Backed; The Strength of the Clearing House Is Pledged to Give Needed Support. The Thomases out Now; Seth M. Milliken Heads Mercantile and W.F. Havemeyer the Bank of North America. Undesired Controls End; And Speyer, Schiff, and Other Leading Bankers Agree That the Situation Is Now Cleared Up. . 2023-02-13 . . 21 October 1907 . 1.
    8. Web site: Samuel Finley Thomas, M.D., 1913-1989 - AAC Publications - Search The American Alpine Journal and Accidents . publications.americanalpineclub.org . . 29 March 2019.
    9. Web site: Mrs. Astor and the Gilded Age . mrsastor.com . 29 March 2019 . August 19, 2008.
    10. News: E. R. Thomas, Noted Sportsman, Dies; Was an Owner of The Morning Telegraph and a Former Banker; Had Spectacular Career; Inherited a Fortune and Lost Heavily in Panic -- Early Auto-Racing Enthusiast. . 2023-02-13 . . 7 July 1926 . Sports 25 . subscription.
    11. Book: Murrell . Muriel V. . Miami, a Backward Glance . 2003 . Pineapple Press Inc . 9781561642861 . 125 . 29 March 2019 . en.