American executive. Stettinius was born in St. Louis, Missouri. His father was a wholesale grocer. He was educated at St. Louis University. The needs of his family obligated him to drop out of school at age 16, and he went to work for a grocery firm and then a hat and cap firm. He then tried several lines of business on his own account, but was not very successful, and went to work in a banking firm. By 1891, both his mother and father had died, and he went to the commodity exchange at the Chicago Board of Trade, but did not find that he could satisfactorily predict the price of wheat and left to become treasurer in the Stirling Boiler Company.
The business panic of 1893 obligated him to add several other tasks to the one of treasurer. As conditions improved, he began to work in sales, doing well enough that he became general manager of the company. His participation in the merger of that company and several others in the same line to form Babcock & Wilcox helped his reputation, and he was recruited to work at Diamond Match Company, where he became president in 1909. His employer at Stirling was O. C. Barber, who also used his influence to make him president at Diamond Match, where Stettinius succeeded him.
At the beginning of World War I, Stettinius went to work as a partner for J. P. Morgan and Company where he worked as chief buyer of war supplies for the Allies, overseeing a work force of around 150 people. When the United States entered the war, he went to work for the War Department, in charge of procurement and production of supplies for the Army. On April 6, 1918, he became Assistant Secretary of War. He received the Distinguished Service Medal from the War Department in recognition of his service. After the war, he went back to work for Morgan and Company, devoting his attention to restructuring large companies.
In 1917, J.P. Morgan Jr., Robert Lovett, and Charles Coffin bought land next to the Locust Valley Reformed Church. Their hope was to create a special place for a burial, worthy of the wealth they had acquired in life. Acquisition of substantial acreage for this cemetery was hastened in 1922, with the need to find a suitable burial site for Henry Davison, an influential banker and leader of the international League of Red Cross Societies during World War I.
Edward Stettinius, Sr. he had set up a perpetual care endowment fund of $99,776.96. The Locust Valley Cemetery became The Locust Valley Cemetery Association during the annual meeting of the directors on June 1, 1925. At that meeting the extension was formally accepted, the sale of lots approved, and the number of board members increased from six to twelve. The six new directors were Paul G. Pennoyer, son-in-law of J. P. Morgan; F. Trubee Davison, son of Henry Davison; Artemus L. Gates, son-in-law of Henry Davison; Robert A. Lovett, son of Robert S. Lovett, the financier; Lyman N. Hine; and Edward R. Stettinius.
In the fall Stettinius became ill and went to recuperate at the Greenbrier in White Sulphur Springs, but he was taken ill again in November. He died on September 3, 1925.
American executive. Stettinius was born in St. Louis, Missouri. His father was a wholesale grocer. He was educated at St. Louis University. The needs of his family obligated him to drop out of school at age 16, and he went to work for a grocery firm and then a hat and cap firm. He then tried several lines of business on his own account, but was not very successful, and went to work in a banking firm. By 1891, both his mother and father had died, and he went to the commodity exchange at the Chicago Board of Trade, but did not find that he could satisfactorily predict the price of wheat and left to become treasurer in the Stirling Boiler Company.
The business panic of 1893 obligated him to add several other tasks to the one of treasurer. As conditions improved, he began to work in sales, doing well enough that he became general manager of the company. His participation in the merger of that company and several others in the same line to form Babcock & Wilcox helped his reputation, and he was recruited to work at Diamond Match Company, where he became president in 1909. His employer at Stirling was O. C. Barber, who also used his influence to make him president at Diamond Match, where Stettinius succeeded him.
At the beginning of World War I, Stettinius went to work as a partner for J. P. Morgan and Company where he worked as chief buyer of war supplies for the Allies, overseeing a work force of around 150 people. When the United States entered the war, he went to work for the War Department, in charge of procurement and production of supplies for the Army. On April 6, 1918, he became Assistant Secretary of War. He received the Distinguished Service Medal from the War Department in recognition of his service. After the war, he went back to work for Morgan and Company, devoting his attention to restructuring large companies.
In 1917, J.P. Morgan Jr., Robert Lovett, and Charles Coffin bought land next to the Locust Valley Reformed Church. Their hope was to create a special place for a burial, worthy of the wealth they had acquired in life. Acquisition of substantial acreage for this cemetery was hastened in 1922, with the need to find a suitable burial site for Henry Davison, an influential banker and leader of the international League of Red Cross Societies during World War I.
Edward Stettinius, Sr. he had set up a perpetual care endowment fund of $99,776.96. The Locust Valley Cemetery became The Locust Valley Cemetery Association during the annual meeting of the directors on June 1, 1925. At that meeting the extension was formally accepted, the sale of lots approved, and the number of board members increased from six to twelve. The six new directors were Paul G. Pennoyer, son-in-law of J. P. Morgan; F. Trubee Davison, son of Henry Davison; Artemus L. Gates, son-in-law of Henry Davison; Robert A. Lovett, son of Robert S. Lovett, the financier; Lyman N. Hine; and Edward R. Stettinius.
In the fall Stettinius became ill and went to recuperate at the Greenbrier in White Sulphur Springs, but he was taken ill again in November. He died on September 3, 1925.
