Herbert L. Pratt
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|Herbert L. Pratt|
Time magazine, Volume 1 Issue 15, June 11, 1923
|Born||Herbert Lee Pratt
November 21, 1871
Brooklyn, New York
|Died||February 3, 1945
New York, New York
|Known for||Head of Standard Oil|
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 - his father Charles Pratt was a founder of Astral Oil Works which later became part of Standard Oil. He lived and worked in New York City, as well as having a country estate, The Braes, in Glen Cove, Long Island, and a hunting preserve and estate, Good Hope Plantation in Ridgeland, South Carolina. He was an art collector and philanthropist.
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.
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), who married Pauline Dixon Dodge. After his death, she married landscape architect Richard K. Webel in 1969.
Pratt died in New York on February 3, 1945, aged 73.
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
His country estate, "The Braes", in Glen Cove, Long Island was built in 1912–14, and designed by James Brite in the neo-Jacobean style. It was the largest of the six Pratt family mansions at Glen Cove.
Pratt also spent summer months at his Japanese themed "camp," Pine Tree Point, on Upper St. Regis Lake, NY, which he purchased from Frederick William Vanderbilt in the early 1900s.
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.
- "The Standard Oil". Time Magazine. 1923-06-11. Retrieved 2008-08-10. Time magazine story
- Herbert Lee Pratt, 1929 passport, at Passportland website
- "Herbert Lee Pratt (1871-1945)", Passportland website, 2010-2012, accessed 25 February 2012
- Obituaries: Pauline Dodge Webel. Long Island Record-Pilot http://www.antonnews.com/glencoverecordpilot/2003/10/31/obituaries/. Retrieved 8 May 2013. Missing or empty
- Five Favorites, The City Review
|Awards and achievements|
John L. Lewis
|Cover of Time Magazine
11 June 1923
Edward M. House