Herbert L. Pratt

Herbert Lee Pratt (November 21, 1871 – February 3, 1945) was an American businessman and a leading figure in the United States oil industry; from 1923 he was head of Standard Oil, founded by his father. He lived and worked in New York City, as well as having a country estate in Glen Cove, Long Island, and a hunting preserve and estate in South Carolina. He was an art collector and philanthropist.

Early life

Pratt was born in Brooklyn, New York in 1871, the fourth of six children of Mary Helen (née Richardson), his father's second wife, and Charles Pratt, the Standard Oil industrialist. (His father's first wife, Lydia Richardson, had died young in 1861.) He was brother to Frederic B. Pratt, George Dupont Pratt, Helen Pratt, John Teele Pratt and Harold I. Pratt. Their older half-siblings were Charles Millard Pratt and Lydia Richardson Pratt.

He took a degree of Bachelor of Arts at Amherst College in 1895.

Personal life

On 28 April 1897, Pratt married Florence Balsdon Gibb (daughter of John Gibb), and they had five children:

• Edith G Pratt
• Herbert Lee Pratt Jr (1900-)
• Harriet B Pratt, who married Lawrence B. Van Ingen of Manhattan in 1923
• Florence G Pratt
• Frederic Richardson Pratt (1907-1966)

Pratt died in New York on February 3, 1945, aged 73.

Career

Like his father, who was a pioneer in the independent oil industry and accepted a merger with Standard Oil, Pratt was a leading figure in the US oil industry. He became head of Standard Oil Company of New York in 1923. This company eventually became Mobil.

Pratt was on the front cover of Time on 11 June 1923, when he replaced Henry Clay Folger as head of Standard Oil Company of New York. Pratt was also a director of Bankers Trust Company from 1917-38, and Asia Banking Corporation.

Residences and philanthropy

The Braes, now Stevenson Taylor Hall, Webb Institute, Glen Cove, New York (c. 2001)

His country estate, "The Braes", in Glen Cove, Long Island was built in 1912-1914, and designed by James Brite in the neo-Jacobean style. It was the largest of the six Pratt family mansions at Glen Cove.

In 1910, Pratt bought the 9,000-acre (36 km²) Good Hope plantation and hunting lodge in South Carolina (about five miles (8 km) from Ridgeland) from Harry B. Hollins, also of Long Island.

In 1916, the 12-story 907 Fifth Avenue building, designed by J. E. R. Carpenter, was completed. It was the first building developed to replace one of the mansions previously fronting on Central Park. Pratt, then vice president of Standard Oil, rented the largest apartment, 25 rooms and eight baths, occupying the entire top floor, at an annual rent of $30,000.

Pratt was an art collector, particularly of portraits and miniatures. When Rotherwas Court, Herefordshire, was dismantled and auctioned in 1913, Pratt purchased the dining room for his neo-Jacobean mansion "The Braes," then under construction as a country estate in Glen Cove. His bequest to Amherst College included the Rotherwas Room and more than 80 American portraits and miniatures, as well as an extensive collection of decorative arts. Rotherwas Room was incorporated into the Mead Art Museum when it was built at Amherst College in 1949.

The Webb Institute of Naval Architecture acquired The Braes in 1945 for use as its campus. After renovation, it held its first classes there in 1947. Additions have included a library, model facility and other features.

External links

• "The Standard Oil". Time Magazine. 1923-06-11. http://www.time.com/time/archive/preview/0,10987,736145,00.html. Retrieved 2008-08-10.  Time magazine story
• Herbert Lee Pratt, 1929 passport, at Passportland website

References

Awards and achievements
Preceded by John L. Lewis	Cover of Time Magazine 11 June 1923	Succeeded by Edward M. House