Benjamin Newton Duke
|Benjamin Newton Duke|
April 25, 1855|
Durham, North Carolina
|Died||January 8, 1929
New York City
|Spouse(s)||Sarah Pearson Angier|
|Children||Mary Lillian Duke
Angier Buchanan Duke
|Relatives||James Buchanan Duke, brother|
He entered his father's tobacco business and in 1890, became vice-president of the American Tobacco Company. In 1892, the Duke family opened their first textile business in Durham, North Carolina with Benjamin Duke at its head. In 1905, he and his brother James founded the Southern Power Company, which later became known as Duke Energy. The company supplied electrical power to the Duke textile factory and within two decades, their power facilities had been greatly expanded and they were supplying electricity to more than 300 cotton mills and other industrial companies through an electrical grid that supplied cities and towns in the Piedmont Region of North and South Carolina.
Benjamin Duke and his brother were major contributors to the economic growth of the North Carolina economy and would expand into other areas with sizable investments in railroads and banks.
Benjamin was a primary benefactor of Trinity College after it relocated to Durham in 1892. Over the years he donated substantial funds for improvements, additions, and scholarships. Between 1926 and 1929 he donated approximately $3,000,000 (more than $30,000,000 in 2005 dollars) to twenty-seven different southern institutions of higher learning. Today, Duke University offers the B. N. Duke Scholars program.
Following his passing at his home in New York City in 1929, Benjamin Duke's remains were brought back to North Carolina for interment with his father and brother James in Memorial Chapel in the Duke University Chapel on the campus of Duke University.
- "B. N. Duke, 73, Dies After Long Illness. Benjamin N. Duke.". New York Times. January 9, 1929. "Benjamin N. Duke, the last of the famous Duke tobacco family, which built a one of the largest American fortunes of the nineteenth century and then gave most of it away in philanthropy, died at 5:45 o'clock yesterday morning at his home, 2 East Eighty-ninth Street."