Person:Henry McHarg (1)

Working timeline

• educated at Albany Academy, various private schools, and Walnut Hill a boarding school in Geneva, New York
• age 15-20: clerk, Lockwood & Company in New York City, a banking firm
• 1872, age 21: bought a seat on the New York Stock Exchange where he remained until selling it in 1927
• 1873: began the brokerage firm of Adams & McHarg with William Adams ; invested heavily in railroads in and around NY ; Adams eventually left, but McHarg stayed for 12 more years on his own

• family moves to Stamford, CT
• Apr 1891 - Henry McHarg, Charles Moran and Cornelius Gold as part of a group representing the bondholders of the Texas Central Railroad bought the railroad that was in foreclosure.
• 08 Jan 1900 - the town of Stamford, TX is officially incorporated and named after Stamford, CT by McHarg
• 1906 - sells Virginia and Southwestern Railway for $6,000,000
• 1910 - sells Texas Central Railroad
• 1915 - charged with violating the Sherman Antitrust Act and later acquitted
• 1933 - son Henry, Jr. sues his father claiming that he promised to give him control of the Detroit & Mackinac Railroad ; case is settled in Oct 1939 for $1,000,000

1.   Hutto, Richard Jay. Their gilded cage: the Jekyll Island Club members. (Macon, Ga: Henchard Press, 2006).

   HENRY KING MCHARG (1851-1941) banker and railroad president. McHarg was president of the Atlanta, Knoxville & Northern Railroad which he reorganized and sold to the Louisville & Nashville Railroad when he gave a year's salary to all its officers and a month's salary to all its employees. He was president of the Detroit and Mackinac Railroad Company until his death, as well as a director of the New York, Ontario & Western Railroad. In 1906 when he sold the Virginia and Southwestern to the Southern Railroad, he commandeered a "Santa Special" delivering gifts to all employees, including a full year's salary to senior officials, one month's salary to all lower employees who had been with the company for at least a year, and gifts totaling more the $50,000 to the others. His son, Henry K., Jr., was a vice president of the Detroit and Mackinac Railroad. He lived in Stamford, Connecticut, and died at the Mountain Lake Club near Lake Wales, Florida, where he had been on holiday for six weeks. His will gave $3 million to charities.