Henry Clay Folger
Henry Clay Folger was born in New York City, New York, United States on June 18th, 1857 and is the American Shakespeare Collector. At the age of 72, Henry Clay Folger biography, profession, age, height, weight, eye color, hair color, build, measurements, education, career, dating/affair, family, news updates, and networth are available.
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Beginning in 1881, he worked for the Standard Oil trust of John D. Rockefeller, getting his start in the oil business as a clerk at Charles Pratt & Company, a refinery owned by Charles Pratt, the father of his Adelphi and Amherst classmate Charles Millard Pratt. The Pratt Company was already associated with Standard Oil at that time. Folger quickly showed his prowess as a mathematician and statistician; his management of data on oil processing led to a promotion in 1886, when he became the secretary of Standard Oil's manufacturing committee. In 1890, Folger wrote Petroleum: Its Production and Products in Pennsylvania, an article for Chambers's Encyclopaedia about the oil business.
Folger's assets increased in 1899, when he was promoted to chairman of the manufacturing committee, the same year that Standard Oil of New Jersey became the central holding company for the Standard Oil Trust, which dissolved after the passage of the Sherman Antitrust Act. The stock Folger held in Standard Oil of New Jersey would contribute significantly to Folger's ability to collect Shakespeareana. In 1908, he was elected assistant treasurer of Jersey Standard, and joined its board of sixteen directors, managing the company's finances and compiling production data. That year, Folger was also elected to Jersey Standard's executive committee.
The 1911 Supreme Court decision to break up the Standard Oil Company of New Jersey monopoly resulted in the election of Folger as president of the second-largest company formed from the dissolved Jersey Standard, the Standard Oil Company of New York, or Socony. Folger also owned significant amounts of stock in the Magnolia Petroleum Company, a Texan company that became a fully owned subsidiary of Socony in 1925. He retired as president in 1923, but stayed at Socony as the first chairman of its board of trustees until 1928, when he officially retired to devote all of his attention to plans for his Shakespeare Library. Folger was succeeded as president by Herbert L. Pratt, another son of Charles Pratt.
In 1956, the Folger Shakespeare Library received Folger's walnut desk from Socony Mobil Oil. Since that year, it has been used by the Library's director.