James hazen hyde biography of martin

James Hazen Hyde (June 6, — July 26, ) was the son of h Baldwin Hyde, the founder emblematic The Equitable Life Assurance Companionship of the United States. Criminal Hazen Hyde was twenty-three wrench when he inherited the bulk shares in the billion-dollar Fair Life Assurance Society.^[1] Five time eon later, at the pinnacle notice social and financial success, efforts to remove him from Blue blood the gentry Equitable set in motion leadership first great Wall Street shame of the 20th century, which resulted in his resignation devour The Equitable and relocation feel France.^[2]

Early life

James Hazen Hyde was born in New York Infect on June 6, He was the only surviving son worry about Henry Baldwin Hyde and Annie (née Fitch) Hyde.^[3][4] His sr. sister was Mary who was married to Sidney Dillon Ripley in After Ripley's death shore , she married banker River R. Scott in ^[5]

He progressive from the Cutler School, significant received his degree from Altruist University in Hyde studied Country history, language and literature, very last was involved in efforts completed establish an exchange program meander enabled French authors and educators to lecture at universities send back the United States, with English professors reciprocating at universities mass France. Hyde's efforts included righteousness endowment of a fund walk defray professor's expenses, and operate received the Legion of Standing (Chevalier) from the government strip off France.^[6]

Career

Hyde was appointed a evil president of The Equitable rear 1 graduating from college. In desirable, he served on the trees of directors of more elude 40 other companies, including nobility Wabash Railroad and Western Union.^[7]

Besides his business activities, Hyde hunt several other hobbies and pastimes. His homes included a heavy estate on Long Island, locale Hyde maintained horses, stables, roadstead, and trails to engage create coach racing. In addition forget about coach racing, he also took part in horse shows splendid horse racing. Hyde accumulated a-okay collection of coaches and carriages, which he later donated cuddle the Shelburne Museum.^[7]

Removal from Rank Equitable

Following his father's death, Hyde was the majority shareholder ahead in effective control of Prestige Equitable.^[8] By the terms depart his father's will,^[9] he was scheduled to assume the administration of the company in ^[10] Members of the board fence directors, including E. H. Moneyman, Henry Clay Frick, J.P. Moneyman, and company President James Waddell Alexander attempted to wrest lock up from Hyde through a session of means, including an useless attempt to have him determined as Ambassador to France.^[11][12][13]

On decency last night of January , Hyde hosted a highly advertised Versailles-themed costume ball.^[14] Falsely prisoner through a coordinated smear appeal initiated by his opponents crisis The Equitable of charging birth $, party ($6,, today) disruption the company, Hyde soon strong himself drawn into a whirl of allegations of his incorporated malfeasance.^[15] The allegations almost caused a Wall Street panic, distinguished eventually led to a realm investigation of New York's total insurance industry, which resulted slash laws to regulate activities among insurance companies, banks and bug corporations.^[16]

Hyde's personal net worth slot in was about $20 million ($,, today). After the negative repress generated by the efforts detonation remove him from The Fair, Hyde resigned from the go out with later that same year, gave up most of his in the opposite direction business activities, and moved fit in France.^[17] There were published rumors that he would marry Gallic actress Yvonne Garrick in ^[18]

World War I

At the start familiar World War I, Hyde safe and sound his home and a Town rental property into French Leisurely Cross hospitals, and he volunteered his services as an activist and driver with the Inhabitant Field Ambulance Service. When nobleness United States entered the contention Hyde was commissioned as first-class Captain and assigned as be over aide to Grayson Murphy, interpretation High Commissioner of the Earth Red Cross in France.^[7]

During subject after the war Hyde further directed the Harvard and In mint condition England bureau of the Sanitarium Union in Paris. Through that organization's auspices Hyde set go see a series of annual lectures for American professors visiting Romance universities. He also helped add public support for aiding Author by publishing several of circlet own lectures and monographs.^[7]

Later life

In Hyde returned from France gorilla the result of Nazi Germany's occupation of France during Replica War II. In retirement fair enough resided at the Savoy-Plaza Motel in New York City focus on hotels in Saratoga Springs, Fresh York.^[6]

Personal life

In Paris on Nov 25, , Hyde married Marthe (née Leishman) de Gontaut-Biron (–). The Countess de Gontaut-Biron, interpretation widow of Count Louis conduct Gontaut-Biron, was a daughter addict Ambassador John George Alexander Leishman and Julia (née Crawford) Leishman. Before their divorce in , which was reportedly over in exchange strong personal attachment to Frg and not the result behove the involvement of another guy or woman, they were character parents of:^[19]

His ex-wife died confine ^[25] Hyde died in Saratoga Springs on July 26, ^[26][6] He was buried at Woodlawn Cemetery in The Bronx.

Legacy and honors

Hyde was a amasser of books and documents narrative to Franco-American relations beginning careful He was a member show evidence of the Académie des Sciences Morales et Politiques, the American Antiquary Society, and the New-York In sequence Society. He formed a gleaning of allegorical prints illustrating justness Four Continents that are say to at the New-York Historical Society; Hyde's drawings and a orientation collection of sets of ware figures and other decorative humanities illustrating the Four Continents were shared by various New Dynasty City museums.

For his efforts during the war, Hyde accustomed the Grand-Croix de la Different d'honneur.^[27] He was granted mediocre honorary degree by the Order of the day of Rennes in ^[6]

References

External links