John Hay Whitney
John Hay Whitney (
August 27, 1904- February 8, 1982), colloquially known as "Jock" Whitney, was U.S. Ambassador to the United Kingdom, publisher of the " New York Herald Tribune", and a member of the Whitney family.
Born August 27, 1904, in Ellsworth,
Maine, Whitney was a descendant of John Whitney, a Puritanwho settled in Massachusettsin 1635, as well as of William Bradford, who came over on the " Mayflower". His father was Payne Whitney, and his grandfathers were William C. Whitneyand John Hay, both presidential cabinetmembers.
The Payne Whitneys lived around the corner from
James B. Duke, and his wife and daughter Doris. Whitney's uncle, Oliver Hazard Payne, a business partner of John D. Rockefeller, arranged the buyout of Duke's competitors to create the American Tobacco Co.
"Jock" Whitney attended
Yale College. He joined Delta Kappa Epsilonfraternity, as his father had. Whitney, his father, grandfather, and great-uncle were oarsmen at Yale, and his father was captain of the crew in 1898. He was a member of Scroll and Key. While at Yale, he allegedly coined the term " crew cut" for the haircut that now bears the name.
After graduating in 1926, Whitney went to
Oxford University, but the death of his father necessitated his returning home. He inherited a trust fund of $20 million (approximately $210 million in 2005 dollars), and later inherited four times that amount from his mother.
Thoroughbred horse racing
Whitney inherited his family's love of horses, a predilection he shared with his sister,
Joan Whitney Payson. Jock and his sister ran Greentree Stablesin the U.S., owned by their mother. In 1928, he became the youngest member ever elected to The Jockey Club.
Whitney and his first wife "Liz" raced horses both in the United States and in Europe. He owned
Easter Herowho won the 1929 and 1930 editions of the Cheltenham Gold Cup. In the 1929 Grand National, his horse twisted a plate and was beaten by a nose at the finish. Although Whitney entered the Grand National annually, he never again came close to winning.
The Whitneys entered four horses in the
Kentucky Derbyin the 1930s, "Stepenfetchit," which finished 3rd in 1932, "Overtime," which finished 5th in 1933, "Singing Wood," which finished 8th in 1934, and "Heather Broom," which finished 3rd in 1939.
Jock Whitney was also an outstanding
poloplayer, with a four-goal handicap, and it was as a sportsman that he made the cover of the March 27, 1933issue of "TIME" magazine.
Freeport Texas Co.
In 1929, Whitney was hired as a clerk at the firm of Lee, Higginson, where he met Langbourne Meade Williams, Jr., the son of the founder of Freeport Texas Co., a
sulfurmining company. Williams enlisted his aid in ousting the chairman of his family's company by buying shares of the company. Whitney soon was Freeport's biggest shareholder, enabling Williams to sack the chairman and his management team. Williams became Freeport's president in 1933 and Whitney was appointed Chairman of the Board.
Whitney invested in several Broadway shows, including
Peter Arno's 1931 revue "Here Goes the Bride", a failure that cost him $100,000, but was more successful as one of the backers of " Life with Father".
An October 1934 "Fortune" article on the
Technicolor Corporationnoted Whitney's interest in pictures. He had met Technicolor head Herbert Kalmusat the Saratoga Race Course. In 1932, Technicolor achieved a breakthrough with its three-strip process. RKO Pictures' Merian C. Cooperapproached Whitney with the idea of investing in Technicolor. They joined forces and founded Pioneer Picturesin 1933, with a distribution deal with R.K.O. Whitney and his cousin Cornelius Vanderbilt Whitneybought a 15% stake in Technicolor.
Whitney was also the major investor in
David O. Selznick's production company, putting up $870,000 and serving as Chairman of the Board. He put up half the money to option Margaret Mitchell's novel for the Selznick film version of "Gone with the Wind", then invested more money for the making of "Gone with the Wind" (1939) and "Rebecca" (1940).
J.H. Whitney & Co.
J.H. Whitney & Companyis the oldest venture capital firm in the U.S. (Whitney's business partner, Benno C. Schmidt, Sr., in fact, coined the term "venture capital".)
In 1958, while he was still ambassador to the United Kingdom, his company Whitney Communications Corp. bought the "
New York Herald Tribune", and was its publisher from 1961 - 1966. In 1961 Kilgore received the Elijah Parish Lovejoy Award as well as an honorary Doctor of Laws degree from Colby College. Whitney Communications also owned and operated other newspapers, plus magazines and broadcasting stations.
Jock Whitney purchased the
Llangollen estatein 1930 as a bridal gift for his fiancée, the Pennsylvaniasocialite Mary Elizabeth "Liz" Altemus. It was a convert|2200|acre|ha|abbr=on|adj=on historic equestrian farm just outside Middleburg, Virginia. The couple divorced in 1940, but Liz Whitney remained there for the rest of her life, becoming an internationally renowned horse breeder and a member of the Virginia Thoroughbred Association Hall of Fame.
Although married to Liz Altemus, Jock Whitney was romantically linked to
Tallulah Bankhead, Joan Bennett, Paulette Goddardand Joan Crawford. Clark Gableand Carole Lombardmet at one of Whitney's parties. He and Liz divorced in 1940 and in 1942 he married Betsey Cushing Roosevelt Whitney, ex-wife of James Roosevelt, son of Franklin D. Roosevelt, and adopted her two daughters, Kate and Sarah Whitney.
During the 1970s, Jock Whitney was listed as one of the ten wealthiest men in the world. The residences at his disposal over the years included an estate on
Long Island; a plantationin Georgia; a townhouse and an elegant apartment in Manhattan; a large summer house on Fishers Island, near New London, Connecticut; a 12-room house in Saratoga Springs, which the Whitneys used when they attended horse races; a golfing cottage in Augusta, Georgia(he was a member of the National Golf Course (the Masters); and a spacious house in Surrey, England, near the Ascot Racecourse. Mr. Whitney also owned an estate in Aiken, South Carolina, which he considered his 'retirement' home and where he hoped to spend his final days.
Among the paintings in his collection, Jock Whitney's prized possession was the "Bal au moulin de la Galette" painted in 1876 by the French artist
Pierre-Auguste Renoir. In 1990, his widow put the painting up for auction with Sotheby's, New Yorkand it sold for US$78 million to Japanese businessman, Ryoei Saito.
Whitney served in the
United States Army Air Forcesas an intelligence officer during World War II, assigned to the Office of Strategic Services. He was taken prisoner by the Germans in southern France, but escaped when the train transporting him to a POW campcame under Allied fire.
Whitney was the major backer of
Dwight D. Eisenhower. President Eisenhower appointed him Ambassador to the United Kingdom. He played a major role in improving Anglo-American relations, which had been severely strained during the 1956 Suez Crisis, when Eisenhower demanded that the British, French and Israelis terminate their invasion of Egypt.
Payne Whitney made substantial gifts to Yale, to the
New York Presbyterian Hospital, and the New York Public Library. After his father's death, the family built the Payne Whitney Gymnasiumat Yale in his honor. The family also financed Payne Whitney Psychiatric Clinicat New York Presbyterian Hospitalin 1932.
Whitney created the John Hay Whitney Foundation for educational projects in 1946. The Foundation provided fellowships to the racially and culturally deprived. He beaome a major contributor to Yale University, where he served as a Fellow of the Corporation.
In 1951, he and his wife Betsey Cushing Whitney donated land from their "Greentree" estate in
Manhasset, New Yorktoward the building of North Shore Hospital. Currently called North Shore University Hospital, it is the flagship hospital of the 3rd largest not-for-profit secular healthcare system in the United States, the North Shore-Long Island Jewish Health System.
In 1953, Whitney received
The Hundred Year Association of New York's Gold Medal Award "in recognition of outstanding contributions to the City of New York."
*Philadelphia Inquirer Obituary 9 Feb 1982 [http://www.whitneygen.org/archives/biography/johnhay.html]
*Internet Movie Database biography [http://www.imdb.com/name/nm1533405/]
NAME = Whitney, John Hay
ALTERNATIVE NAMES = Jock Whitney
SHORT DESCRIPTION = American diplomat
DATE OF BIRTH =
August 27, 1904
PLACE OF BIRTH =
Ellsworth, Maine, USA
DATE OF DEATH =
February 8, 1982
PLACE OF DEATH =
Wikimedia Foundation. 2010.
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