William Barclay Harding Explained

Birth Date:16 November 1906
Birth Place:New York City, New York, U.S.
Death Place:Long Branch, New Jersey, U.S.
Education:Groton School
Alma Mater:Yale University
Occupation:Financier
Parents:J. Horace Harding
Dorothea Barney Harding
Spouse:
    Children:3
    Relations:Charles D. Barney (grandfather)
    Laura Barney Harding (sister)

    William Barclay Harding (November 16, 1906 – June 30, 1967)[1] was an American financier who served as chairman of the board of Smith, Barney and Co. until his death in 1967.

    Early life

    Harding was born in New York City on November 16, 1906, and grew up in a townhouse on Fifth Avenue. He was the second son of four children born to James Horace Harding (1863–1929) and Dorothea Elizabeth Allen (née Barney) Harding (1871–1935). His siblings were banker Charles Barney Harding (who married Marion Choate, a daughter of Joseph H. Choate Jr.), Catherine (née Harding) Tailer (wife of polo player Lorillard Suffern Tailer),[2] and the socialite and philanthropist Laura Barney Harding, who was a close friend of actress Katharine Hepburn.[3] His father was a banker and financier who served as a director of the New York, New Haven and Hartford Railroad and the New York Municipal Railways System.[4]

    His maternal grandparents were Charles D. Barney and Laura (née Cooke) Barney, a daughter of Philadelphia financier Jay Cooke.[5] [6] His grandfather, a former member of his great-grandfather's firm, Jay Cooke & Company,[7] founded Charles D. Barney & Co. in 1873 before retiring in 1907.[8] The business continued under the same name, with his father helping to run the firm.[8]

    Harding prepared at the Groton School in Groton, Massachusetts, before attending Yale University in New Haven, Connecticut. He later became a trustee of Groton.

    Career

    In 1929, he joined the New York investment firm of Charles D. Barney & Co., which had been established by his grandfather.[1] Upon the 1938 merger of Charles D. Barney & Co. and Edward B. Smith & Co., which created Smith, Barney & Co.,[9] he became a partner in the new firm like his brother.[10] As a financier, he "was responsible for reshaping the financial architecture of many corporations, especially in the aviation industry."[1] In 1965, Harding and his older brother switched roles, and he became chairman of the board of Smith, Barney & Co., a role his brother had held since 1944.[11]

    He was a founder of the Red Bank Airport and a member of the Monmouth County Airport Advisory Board. In 1955, at the request of President Dwight D. Eisenhower, he headed an Aviation Facilities Studies Group to study air traffic control problems which eventually led to the formation of the Federal Aviation Agency. He also served on the New York City Council on Port Development and Promotion. At the time of his death, he also served a director of Electric Auto Light Co. of Toledo, Ohio.

    Military service

    During World War II, he entered the service as a lieutenant in the U.S. Naval Reserve, became a Captain the U.S. Army and was discharged from the Army Air Forces as a Colonel and was decorated with the Legion of Merit.[1]

    Personal life

    On March 30, 1929, Harding was married Constance Fox (1908–1972), a daughter of Edward Lyttleton Fox and Genevieve Morgan (née O'Brien) Fox (daughter of Judge Morgan J. O'Brien).[12] Before they separated in 1941, they were the parents of two sons and a daughter:[13]

    After they were divorced on June 28, 1943, in Nevada,[23] Constance remarried George Lavan Weissman (1916-1985) and Harding remarried Mary Newbold (née Reed) Dodge, the daughter of Latham Reed and former wife of Marshall J. Dodge, Jr. (grandson of Josephine Jewell Dodge),[24] in August 1943.[25] They lived at 435 East 52nd Street in Manhattan and in a 150-year-old farmhouse in Holmdel Township in New Jersey.

    A prominent philanthropist, he served as president of the New Jersey State Home for Boys in Jamesburg and a member of the board of director of the Allenwood Sanatorium.

    Harding died on June 30, 1967, at Monmouth Medical Center in Long Branch, New Jersey.[26]

    Notes and References

    1. News: William Barclay Harding Dead; Chairman of Smith, Barney, 60; He Helped Realign Structure of Many Corporations Interested in Aviation . 10 July 2020 . . 1 July 1967.
    2. Web site: Katherine Harding, Mrs. L.S. Tailer . www.loc.gov . . 10 July 2020.
    3. Book: Hutto . Richard Jay . Their Gilded Cage: The Jekyll Island Club Members . 2006 . Indigo Custom Publishing . 978-0-9770912-2-5 . 70 . 8 July 2020 . en.
    4. Book: Hart . Thomas . A Record of the Hart Family of Philadelphia: with a genealogy of the family, from its first settlement in America ; augmented by notes of the Collateral Branches, 1735-1920 . 1920 . 122 . 8 July 2020 . en.
    5. Book: Preston . Eugene Dimon . Genealogy of the Barney family in America . 1990 . Barney Family Historical Association . 112 . 8 July 2020 . en.
    6. News: TIMES . Special to THE NEW YORK . CHARLES D. BARNEY, EX-BROKER, DIES, 101; Civil War Veteran, Son-in-Law of Jay Cooke and Founder of Investment House Married Jay Cooke's Daughter A Director of Many Firms . 9 July 2020 . . 25 October 1945.
    7. Book: Barnes . Andrew Wallace . History of the Philadelphia Stock Exchange, Banks and Banking Interests . 1911 . Cornelius Baker . 79 . 8 July 2020 . en.
    8. News: Broker Charles D. Barney to Retire. . 9 July 2020 . . 18 June 1907.
    9. Web site: Citigroup - History . Citi.com . Retrieved on August 12, 2008.
    10. News: Smith, Barney & Co. Promotes Two High‐Ranking Executives . 10 July 2020 . . 26 May 1964.
    11. News: Allan . John H. . Personalities: 2 Brothers Switching Roles; Charles and William Harding of Smith, Barney to Shift Pair in Investment Banking for Total of 77 Years . 10 July 2020 . . 3 January 1965.
    12. News: CONSTANCE FOX WED TO W.B. HARDING; Ceremony in Italian Garden of the Ambassador Arranged to Represent a Chapel. MGR. LAVELLE OFFICIATES Bridal Procession Passes Through Floral Lane--Choir of St. Patrick's Cathedral Sings. Father Escorts the Bride The Bridal Attendants. Reception in Ballroom. . 10 July 2020 . . 31 May 1929.
    13. Book: Court . United States Tax . Reports of the Tax Court of the United States . 1948 . . 1054–1055 . 10 July 2020 . en.
    14. News: Paid Notice: Deaths KOBIN, DOROTHEA HARDING . 10 July 2020 . . 9 July 1997.
    15. News: Dahlheim . Alfred E. . Miss Dorothea Harding Future Bride Of Blair Chotzinoff, Producer at N.B.C. . 10 July 2020 . . 13 September 1957.
    16. News: Dahlhelm . Alfred E. . LOCAL NUPTIALS FOR MISS HARDING; She Is Escorted by Father at Wedding to Blair Chotzinoff, an N.B.C. Writer-Producer . 10 July 2020 . . 2 November 1957.
    17. News: Husted . Bill . It's a new chapter for Chotzinoff sisters . 10 July 2020 . . 9 September 2006.
    18. Book: Marcello . Patricia Cronin . Gloria Steinem: A Biography . 2004 . Greenwood Publishing Group . 978-0-313-32576-2 . 46 . 10 July 2020 . en.
    19. News: MISS ANNE WEILL IS MARRIED HERE; Bride in Civil Ceremony of James Horace Harding, Who Is Grandson of Banker . 10 July 2020 . . 30 November 1957.
    20. News: James Hardings Have Son . 10 July 2020 . . 18 March 1964.
    21. Book: Harding . Timothy Fox . The Political History of Organized Labor in Brazil . 1973 . Hispanic American Studies, Stanford University . 10 July 2020 . en.
    22. News: Plemmons . Hannelli . MISS PATRICIA NYE BECOMES ENGAGED; Affianced . 10 July 2020 . . 29 April 1956.
    23. News: TIMES . Special to THE NEW YORK . DECREE TO MRS. C. HARDING; Former Constance Fox Wed William B. Harding in 1939 . 10 July 2020 . . 29 June 1943.
    24. News: Miss Mary Newbold Reed Becomes Bride Of M.J. Dodge Jr. in Heavenly Rest Church . 10 July 2020 . . 12 May 1935.
    25. News: Mrs. Mary Reed Dodge Wed . 10 July 2020 . . 12 August 1943.
    26. News: William B. Harding, 60; Business, Civic Leader . 10 July 2020 . . 1 July 1967 . 2.