Henry Carnegie Phipps

Henry Carnegie Phipps
Henry C. Phipps (left) alongside his wife, Gladys.
Born(1879-05-11)May 11, 1879
Pittsburgh, Pennsylvania, US
DiedMarch 21, 1953(1953-03-21) (aged 73)
Palm Beach County, Florida, US
Alma materYale University
Known forOwner of Wheatley Stable
Spouse
​
​
(m. 1907)​
Children4, including Ogden
Parent(s)Henry Phipps Jr.
Anne Childs Shaffer
RelativesOgden Mills Phipps (grandson)
Stuart S. Janney III (grandson)

Henry Carnegie Phipps (May 11, 1879 – March 21, 1953)[1] was an American sportsman and financier, the owner of Wheatley Stable along with his wife Gladys Mills Phipps, and a member of the wealthy Phipps family.[2]

Early life

Phipps was born on May 11, 1879, in Pittsburgh, Pennsylvania. He was the second son of Anne Childs (née Shaffer) Phipps (1850–1934),[3] and businessman Henry Phipps Jr.[4] His siblings included Amy Phipps, who married Frederick Guest (a grandson of the 7th Duke of Marlborough and Winston Churchill's first cousin); John Shaffer Phipps, married Margarita Celia Grace (a daughter of Irish merchant Michael P. Grace);[5] Helen Margaret Phipps, who married Bradley Martin Jr. (brother-in-law of the 4th Earl of Craven);[6][7] and Howard Phipps, who married Harriet Dyer Price (granddaughter of Gen. Alexander Dyer).[8]

At Henry Phipps' death, his father, who was at one time the second largest shareholder of Carnegie Steel and was a founder of Bessemer Trust, was worth $3,121,810 (equivalent to $56,939,000 in 2023), according to transfer tax appraisal documents.[9]

Phipps graduated from Yale University in 1902.[1]

Thoroughbred racing and breeding

The Wheatley Stable was the nom de course for a Thoroughbred racing partnership formed in 1926 by Gladys Mills Phipps and her brother, Ogden Livingston Mills. They became a major owner and breeder in Thoroughbred racing with numerous champions including 1957 American Horse of the Year Bold Ruler who went on to be an eight-time Leading sire in North America and whose progeny included the legendary Secretariat.[10]

Phipp's daughter and her husband Stuart also became involved in the sport of thoroughbred racing and most notably bred and raced the ill-fated Ruffian, a U.S. Racing Hall of Fame inductee widely regarded as one of the greatest fillies in racing history.[11]

Personal life

In December 1907, Phipps married Gladys Livingston Mills (1883–1970)[12] at her parents' home in Staatsburg, New York.[13] Gladys was the daughter of famed financier Ogden Mills and the twin sister of Beatrice, who married Bernard Forbes, 8th Earl of Granard.[14] Her brother Ogden was the 50th U.S. Secretary of the Treasury.[15] As a wedding present, her father bought them a marble‐fronted townhouse at East 85th Street and Fifth Avenue. They also had a home Westbury, which reportedly cost $800,000, a home in Palm Beach, Florida, known as Heamaw.[12] Together, they were the parents of:

Phipps died at his winter home in Palm Beach on March 21, 1953.[1] His estate was left to his widow,[22] who died in 1970.[12]

Descendants

Through his son Ogden, he was the grandfather of Ogden Mills Phipps (1940–2016), a financier and horse breeder who served as chairman of the family's Bessemer Trust until his retirement in 1994.

Through his daughter Barbara, he was the maternal grandfather of Stuart S. Janney III (b. 1948), a lawyer, financier and fellow horseman.[23]

References

  1. ^ a b c "HENRY C. PHIPPS, 73, SPORTSMAN, DEAD; Owner of Wheatley Stables Retired Financier, Had Been Active in Real Estate" (PDF). The New York Times. March 23, 1953. Retrieved 17 February 2019.
  2. ^ "Henry Carnegie Phipps Is Claimed By Illness". The Palm Beach Post, Page 1. 1953-03-23. Retrieved 2018-11-03.
  3. ^ "MRS. HENRY PHIPPS BURIED Service Held at Westbury for Widow of Philanthropist". The New York Times. October 27, 1934. Retrieved 4 September 2016.
  4. ^ "Henry Phipps Dead. Pioneer In Steel. Former Partner Of Carnegie, Who Amassed $100,000,000, Succumbs At 90. Gave $7,000,000 To Charity. Began Career As Messenger Boy. Divided Much Of Estate Among Three Sons In 1912. Gave More Than $7,000,000 To Charity. An Office Boy With Carnegie. Built Fifth Avenue Mansion. Financed Model Tenements". New York Times. September 23, 1930. Retrieved 2010-03-29.
  5. ^ "Phipps--Grace.; Mendels--Wright. Hirsch-Dittenhoefer. Wright--Finck". The New York Times. November 5, 1903.
  6. ^ "MARTIN-PHIPPS WEDDING. Daughter of Henry Phipps Married to Bradley Martin, Jr". The New York Times. November 3, 1904. Retrieved 4 September 2016.
  7. ^ "DEATH TAKES WIFE OF BRADLEY MARTIN | New York Society Woman Is Victim of Appendicitis in Pasadena, Calif. | HENRY PHIPPS'S DAUGHTER | Father, Partner of Carnegie in Pioneer Steel Era, Gave Many. Millions to Charity". The New York Times. March 17, 1934. Retrieved 4 September 2016.
  8. ^ "MISS PRICE BRIDE OF HOWARD PHIPPS | Ceremony at Her Parents' Park Avenue Home Performed by Rev. Dr. Karl Reiland. | NO BRIDAL ATTENDANTS | Marriage Unites Prominent Families—Mr. Phipps Is Son of Late Noted Philanthropist". The New York Times. October 23, 1931. Retrieved 4 September 2016.
  9. ^ "Phipps's Estate $3,121,810". The New York Times. November 13, 1932. Retrieved 4 September 2016.
  10. ^ "Mrs. H. C. Phipps, Leader in Horse Racing, Dies". New York Times. 1970-10-20. Retrieved 2018-11-03.
  11. ^ a b "Stuart Janney, 81, Top Horse Breeder, Dies in an Accident". New York Times. 1988-09-24. Retrieved 2018-11-03.
  12. ^ a b c Whitman, Alden (20 October 1970). "Mrs. H. C. Phipps, Leader in Horse Racing, Dies". The New York Times. Retrieved 17 February 2019.
  13. ^ "GLADYS MILLS WEDS HENRY C. PHIPPS Special Train Carries New York Guests to Staatsburg for Brilliant Ceremony GIFTS VALUED AT $2,000,000 Bride's Father-in-Law Presents Her with House in East 85th Street — Villagers Entertained" (PDF). The New York Times. December 8, 1907. p. 11. Retrieved 4 September 2016.
  14. ^ "Lady Granard, Daughter Of Ogden Mills, Dies at 88". New York Times. 3 February 1972. Retrieved 18 December 2013.
  15. ^ "Ogden Mills Dies Suddenly At 53. Former Secretary of Treasury Is Stricken by Heart Attack in His Home Here". New York Times. October 12, 1937. Retrieved 2013-12-18. Ogden L. Mills, former Secretary of the Treasury and a Republican party leader often suggested as a possible Presidential nominee, died suddenly yesterday of a heart attack in his home at 2 East Sixtyninth Street.
  16. ^ "Henry Phipps, 31, Found Dead Here. Wealthy Stable Owner's Son Discovered in Hotel Suite Door Chained Shut Tokyo to Limit Water Supply". New York Times. April 12, 1962. Retrieved 2011-03-29. Henry Ogden Phipps, son of Ogden Phipps and the present Mrs. Marshall Field, was found dead yesterday in an eighth floor suite in the Hamilton Hotel, 143 West Seventy-third Street. The police said the cause of death was "under investigation" and added that an autopsy would be performed today.
  17. ^ "Audrey P. Holden, 77, Active in Philanthropy". The New York Times. 14 July 1992. Retrieved 25 February 2017.
  18. ^ "PHILIP DANA HOLDEN". The New York Times. June 26, 1973. p. 48. Retrieved 17 February 2019.
  19. ^ "Paid Notice: Deaths SEHERR, THOSS, SONIA P." The New York Times. 17 June 2006. Retrieved 17 February 2019.
  20. ^ "Sonia (Sunny) (Phipps) Countess of Seherr - Thoss". The Wickenburg Sun. June 21, 2006. Retrieved 25 February 2017.
  21. ^ "Seherr-Thoss, Hans Christoph (1912-1992)". www.litchfieldhistoricalsociety.org. Litchfield Historical Society. Retrieved 25 February 2017.
  22. ^ "Phipps Estate Left to Widow". The New York Times. March 29, 1953. p. 74. Retrieved 17 February 2019.
  23. ^ Chris Korman, Maryland's Janney shuns limelight, even with Derby favorite Orb, The Baltimore Sun, May 01, 2013