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John Franklin Sinclair

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John Franklin Sinclair

Birth
St. Marys, Perth County, Ontario, Canada
Death
28 Jun 1950 (aged 65)
Hamilton, Hamilton Municipality, Ontario, Canada
Burial
St. Marys, Perth County, Ontario, Canada Add to Map
Memorial ID
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BANKER, JOURNALIST AND ENTREPRENEUR

"John Franklin Sinclair was born the middle son of Dr. John Sinclair and his second wife, Frances Henderson Sinclair, in St. Marys, Ontario, on Mar. 7, 1885. He descended from the early Scottish pioneers of Perth County and Blanshard Twp. At a young age he displayed the affable personality, quick wit and business acumen he was known for as an adult.

With his parents and siblings, he moved to St. Thomas, Pembina Co.in the Red River Valley of North Dakota, when he was in secondary school. After high school graduation in St. Thomas in 1902, John followed his older brother, Arthur, to the University of Minnesota in far away Minneapolis. There he was soon active in campus politics, debating society (elected to Alpha Sigma Rho Debating fraternity) and the campus YMCA movement. He was popular on campus and a successful fundraiser for several class and campus-wide events. He graduated as President of his 1906 class, and then continued to law study, completing an LLB(Law) in 1909.He was always appreciative of his University of Minnesota education and a longtime active alumni.

The YMCA was the focus of much of his student activities. John was selected as the single student of his class to be Secretary of the University YMCA (1906-09). This was a paid full-time position and put him in a central position to work with faculty, students, administration and community donors. He learned skills of fundraising and networking from these early experiences. John then moved on to several executive YMCA positions: Gen. Sec of the Mpls. Central YMCA(1909-10) and Montreal YMCA (1910-11). These years were formative for John's strong beliefs in "clean living" and "fair play"(also in temperance, competitive sports and personal ethics). He transferred into practice the YMCA values to his lifelong personal and business dealings.

He married in Montreal (1911) Gladys Emalora Phillips, daughter of Calno Phillips and Ella McMartin Phillips. They had two daughters, Gladys and Frances.

Soon after his marriage, John accepted a position in Madison, WI, working for the legislature drafting of Progressive farm cooperative and farm finance agendas. This work involved several overseas "fact finding trips," resulting in publications including Wisconsin's early Progressive cooperative structures and state farm credit infrastructure. Young John visited most of western and central Europe while working on this project; in doing so he gained international perspective of progressive agriculture and farmer oriented product markets.

Attracted to the booming farm markets of this era, John removed to Minneapolis where he worked as an investment counselor and credit analyst for the firm of Wells-Dickey (1912-15). There he specialized in farm, property and chattel mortgages. As his client base developed he formed his own property company (1916-18), the Sinclair Holding Company. Next he acquired ownership interests in 23 rural banks, as well as farm land in upper midwest and Northern Plains, most in Montana. The post-World War I farm price collapse cost him his first fortune as the western rural banks collapsed along with the economy.

Distressed by the apathetic response of Washington, the eastern banking and finance establishment to the plight of midwestern and western farmers in this era, John Sinclair moved to Washington, D.C., then New York where he founded a lobbying and consulting business. Based on his experiences in western farm credit, he forming The John Sinclair Co. in New York. He proceeded to publish and lecture extensively on topics such as "American Agriculture and the Debts of Europe," "Problems in American Agriculture"; he authored seven books and contributed a syndicated a weekly newspaper finance series "Everybody's Business" appearing as a syndication in 43 U.S. and Canadian papers for three years. As Financial Editor of the North American Newspaper Association, he became a central figure in policy debates of the long depression in American agriculture. This sector which was made of of over half of all Americans in that era experienced severe recession, then collapse for a long period. (1918 thru the beginning of World War II)

John Sinclair joined Roosevelt advisors in Washington committed to pursuing farm sector reforms and farm credit reform. As a New Deal Roosevelt advisor, he made several fact finding trips for the administration overseas. He was appointed by President Roosevelt to the National Recovery Act (NRA) advisory and consultancy board (1932-33), the Joint-Stock Land Bank Assn (1934-8)and the Import-Export Bank Advisory Board. In 1934 Roosevelt appointed him to the infamous eight-person, Clarence Darrow led, NRA Review Board. This panel was charged with assessing Roosevelt's Depression era industrial program of wage/price controls. Amid much press flurry, John Sinclair eventually resigned, after issuing a Minority Report to Roosevelt claiming anti-administration bias and "sloppy research" on the part of the majority of the Review Board.

Soon John Sinclair moved again, to California (1936). He was initially drawn there by concerns for his wife's failing health. Then California's sunny warm weather and its welcoming business climate seemed ideal. There John Sinclair started a new chapter of business ventures. After having dabbled in land investment in Florida orange groves in the 1920's-30's, he realized possibilities of large-scale orange growing in California's temperate (hurricane free) climate. After extensive land acquisition and investment, he soon was one of three largest grove holders in California. He became very active in the orange growers cooperative movement (based on some of his Wisconsin co-op experiences early in his career).


John Sinclair resided in the Los Angeles area foothills, living in what was then the center of the nascent movie industry, Hollywood. His home and gardens in Brentwood Hills was a centerpoint for entertaining and development of what became a commercial and residential property business. During the 1930's-40's, the Golden Era of movie stars and moguls, he and his wife built a diverse circle of friends in entertainment, finance, and politics. During World War II, John, over 50 years old, volunteered for service and was appointed Civilian Aid Raid Marshall for Brentwood. He shared walking the neighborhood in "blackout rounds" with Mickey Rooney and other stars who were also neighbors. John dutifully wore his flak helmet and uniform on rounds, "doing his bit" to support his community. After the war, he was active in California politics and continued to be involved both with the YMCA movement, the University of Minnesota Alumni Assn. His wife died there in 1949.

John Sinclair was in the process of liquidating his California and Florida properties in 1950, transferring his home back to Minneapolis, when he unexpectedly died of a heart attack during a particularly stressful trip through Canada, passing away in Hamilton, Ontario, on June 28, 1950. He died a year after his beloved wife's death. He was 65 years old.

A flamboyant and popular member of many social and business circles, he left a legacy of achievement and a reputation for "honesty and fair dealing," weathering through difficult times of the two wars and the Great Depression.(L.A. Times obit. 1950). Quoted in a University of Minnesota alumni interview in 1948, "John Sinclair has a knack for friendship building and fortune building - he made three fortunes and lost two, but rarely ever lost a friend." He is listed in various contemporary editions of "Who's Who in American Business," "Who's Who in Finance and Banking" and "Men of Minnesota."

He is buried with his wife, parents and other extended family members, in the Scottish manner, together and where he was born, in St. Marys, Ontario." The John F. Sinclair Family Story (2010) by D. Montgomery
BANKER, JOURNALIST AND ENTREPRENEUR

"John Franklin Sinclair was born the middle son of Dr. John Sinclair and his second wife, Frances Henderson Sinclair, in St. Marys, Ontario, on Mar. 7, 1885. He descended from the early Scottish pioneers of Perth County and Blanshard Twp. At a young age he displayed the affable personality, quick wit and business acumen he was known for as an adult.

With his parents and siblings, he moved to St. Thomas, Pembina Co.in the Red River Valley of North Dakota, when he was in secondary school. After high school graduation in St. Thomas in 1902, John followed his older brother, Arthur, to the University of Minnesota in far away Minneapolis. There he was soon active in campus politics, debating society (elected to Alpha Sigma Rho Debating fraternity) and the campus YMCA movement. He was popular on campus and a successful fundraiser for several class and campus-wide events. He graduated as President of his 1906 class, and then continued to law study, completing an LLB(Law) in 1909.He was always appreciative of his University of Minnesota education and a longtime active alumni.

The YMCA was the focus of much of his student activities. John was selected as the single student of his class to be Secretary of the University YMCA (1906-09). This was a paid full-time position and put him in a central position to work with faculty, students, administration and community donors. He learned skills of fundraising and networking from these early experiences. John then moved on to several executive YMCA positions: Gen. Sec of the Mpls. Central YMCA(1909-10) and Montreal YMCA (1910-11). These years were formative for John's strong beliefs in "clean living" and "fair play"(also in temperance, competitive sports and personal ethics). He transferred into practice the YMCA values to his lifelong personal and business dealings.

He married in Montreal (1911) Gladys Emalora Phillips, daughter of Calno Phillips and Ella McMartin Phillips. They had two daughters, Gladys and Frances.

Soon after his marriage, John accepted a position in Madison, WI, working for the legislature drafting of Progressive farm cooperative and farm finance agendas. This work involved several overseas "fact finding trips," resulting in publications including Wisconsin's early Progressive cooperative structures and state farm credit infrastructure. Young John visited most of western and central Europe while working on this project; in doing so he gained international perspective of progressive agriculture and farmer oriented product markets.

Attracted to the booming farm markets of this era, John removed to Minneapolis where he worked as an investment counselor and credit analyst for the firm of Wells-Dickey (1912-15). There he specialized in farm, property and chattel mortgages. As his client base developed he formed his own property company (1916-18), the Sinclair Holding Company. Next he acquired ownership interests in 23 rural banks, as well as farm land in upper midwest and Northern Plains, most in Montana. The post-World War I farm price collapse cost him his first fortune as the western rural banks collapsed along with the economy.

Distressed by the apathetic response of Washington, the eastern banking and finance establishment to the plight of midwestern and western farmers in this era, John Sinclair moved to Washington, D.C., then New York where he founded a lobbying and consulting business. Based on his experiences in western farm credit, he forming The John Sinclair Co. in New York. He proceeded to publish and lecture extensively on topics such as "American Agriculture and the Debts of Europe," "Problems in American Agriculture"; he authored seven books and contributed a syndicated a weekly newspaper finance series "Everybody's Business" appearing as a syndication in 43 U.S. and Canadian papers for three years. As Financial Editor of the North American Newspaper Association, he became a central figure in policy debates of the long depression in American agriculture. This sector which was made of of over half of all Americans in that era experienced severe recession, then collapse for a long period. (1918 thru the beginning of World War II)

John Sinclair joined Roosevelt advisors in Washington committed to pursuing farm sector reforms and farm credit reform. As a New Deal Roosevelt advisor, he made several fact finding trips for the administration overseas. He was appointed by President Roosevelt to the National Recovery Act (NRA) advisory and consultancy board (1932-33), the Joint-Stock Land Bank Assn (1934-8)and the Import-Export Bank Advisory Board. In 1934 Roosevelt appointed him to the infamous eight-person, Clarence Darrow led, NRA Review Board. This panel was charged with assessing Roosevelt's Depression era industrial program of wage/price controls. Amid much press flurry, John Sinclair eventually resigned, after issuing a Minority Report to Roosevelt claiming anti-administration bias and "sloppy research" on the part of the majority of the Review Board.

Soon John Sinclair moved again, to California (1936). He was initially drawn there by concerns for his wife's failing health. Then California's sunny warm weather and its welcoming business climate seemed ideal. There John Sinclair started a new chapter of business ventures. After having dabbled in land investment in Florida orange groves in the 1920's-30's, he realized possibilities of large-scale orange growing in California's temperate (hurricane free) climate. After extensive land acquisition and investment, he soon was one of three largest grove holders in California. He became very active in the orange growers cooperative movement (based on some of his Wisconsin co-op experiences early in his career).


John Sinclair resided in the Los Angeles area foothills, living in what was then the center of the nascent movie industry, Hollywood. His home and gardens in Brentwood Hills was a centerpoint for entertaining and development of what became a commercial and residential property business. During the 1930's-40's, the Golden Era of movie stars and moguls, he and his wife built a diverse circle of friends in entertainment, finance, and politics. During World War II, John, over 50 years old, volunteered for service and was appointed Civilian Aid Raid Marshall for Brentwood. He shared walking the neighborhood in "blackout rounds" with Mickey Rooney and other stars who were also neighbors. John dutifully wore his flak helmet and uniform on rounds, "doing his bit" to support his community. After the war, he was active in California politics and continued to be involved both with the YMCA movement, the University of Minnesota Alumni Assn. His wife died there in 1949.

John Sinclair was in the process of liquidating his California and Florida properties in 1950, transferring his home back to Minneapolis, when he unexpectedly died of a heart attack during a particularly stressful trip through Canada, passing away in Hamilton, Ontario, on June 28, 1950. He died a year after his beloved wife's death. He was 65 years old.

A flamboyant and popular member of many social and business circles, he left a legacy of achievement and a reputation for "honesty and fair dealing," weathering through difficult times of the two wars and the Great Depression.(L.A. Times obit. 1950). Quoted in a University of Minnesota alumni interview in 1948, "John Sinclair has a knack for friendship building and fortune building - he made three fortunes and lost two, but rarely ever lost a friend." He is listed in various contemporary editions of "Who's Who in American Business," "Who's Who in Finance and Banking" and "Men of Minnesota."

He is buried with his wife, parents and other extended family members, in the Scottish manner, together and where he was born, in St. Marys, Ontario." The John F. Sinclair Family Story (2010) by D. Montgomery


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