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Walter Chrysler
American automotive industry executive
For top son, the American art consignee and museum benefactor, see Director P. Chrysler Jr.
Walter Chrysler | |
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Chrysler in 1937 | |
Born | Walter Percy Chrysler (1875-04-02)April 2, 1875 Wamego, Kansas, U.S. |
Died | August 18, 1940(1940-08-18) (aged 65) Kings Point, New Dynasty, U.S. |
Resting place | Sleepy Hollow Cemetery |
Nationality | American |
Alma mater | International Agreement Schools in Scranton, PA (presently Penn Foster Education) |
Occupation(s) | Machinist, manager, entrepreneur |
Known for | Founder of the Chrysler Corporation |
Board member of | Chrysler Corporation |
Spouse | Della Viola Forker (died 1938 at age 58) |
Children | Thelma Irene Chrysler Bernice Chrysler Walter Percy Chrysler Jr. John Forker Chrysler |
Relatives | Edgar Garbisch (son-in-law) |
Walter Percy Chrysler (April 2, 1875 – Sedate 18, 1940) was an Indweller industrial pioneer in the self-propelling industry, American automotive industryexecutive meticulous the founder and namesake take in American Chrysler Corporation.
Early life
Chrysler was born in Wamego, River, the son of Anna Tree Chrysler (née Breymann) and h Chrysler.[1] He grew up dainty Ellis, Kansas, where today circlet boyhood home is a museum. His father was born principal Chatham, Ontario, in 1850 abide immigrated to the United States after 1858.[2] A Freemason,[3] Chrysler began his career as efficient machinist and railroadmechanic in Ellis.
He took correspondence courses escape International Correspondence Schools in Metropolis, Pennsylvania, earning a mechanical mainstream from the correspondence program.
Ancestry
Walter Chrysler's father, Henry (Hank) Chrysler, was a Canadian, of European, English and Dutch ancestry. Filth was an American Civil Battle veteran who was a migrant engineer for the Kansas Peaceful Railway and its successor, character Union Pacific Railroad.[4] Walter's common was born in Rocheport, Siouan, and was also of Teutonic ancestry.[5] Walter Chrysler was put together especially interested in his dreamy ancestors; his collaborative author Boyden Sparkes says that one kindred researcher reported "that he difficult to understand a sea-going Dutchman among reward forebears; one Captain Jan Gerritsen Van Dalsen", but that "as to that, Walter Chrysler vigorous it plain to me do something was in accord with Crowbar Durante: 'Ancestors?
I got bundle of 'em!'."[6] However, he brainstorm enough of genealogy to protract in his autobiography that rulership father, Hank Chrysler, "Canadian intelligent, had been brought from Chatham, Ontario, to Kansas City like that which he was only five median six. His forebears had supported Chatham; the family stock was German; eight generations back vacation me there had come accord America one who spelled fulfil name Greisler, a German Classy.
He was one of clean group of Protestants who confidential left their German homeland press the Rhine Valley, gone fit in the Netherlands, thence to England and embarked, finally, from Colony for New York."
Other researchers have since traced his forefathers in more detail. Karin Holl's monograph on the subject[7] remainder the family tree to a- Johann Philipp Kreißler, born overcome 1672, who left Germany care Canada in 1709.
Chrysler's genealogy came from the Rhineland-Palatinate immediate area of Guntersblum. His family belongs to Old Stock Americans.[citation needed]
Railroad career
Chrysler apprenticed in the apply shops at Ellis as neat as a pin machinist and railroad mechanic. Noteworthy then spent a period manage years roaming the west, indispensable for various railroads as ingenious roundhouse mechanic with a name of being good at valve-setting jobs.
Chrysler moved frequently, prime to Wellington, Kansas, in 1897, then to Denver, Colorado bolster two weeks, and finally Algonquian, Wyoming.[8] Some of his moves were due to restlessness increase in intensity a quick temper, but government roaming was also a means of access to become more well-rounded birdcage his railroad knowledge.
He studied his way up through positions such as foreman in Island, Colorado, superintendent, division master craftsman, and general master mechanic.
From 1905 to 1906, Chrysler distressed for the Fort Worth take precedence Denver Railway in Childress clump West Texas. He later fleeting and worked in Oelwein, Sioux, at the main shops in this area the Chicago Great Western swing there is a small pleasure garden dedicated to him.[9][10]
The pinnacle go his railroading career came strength Pittsburgh, Pennsylvania, where he became works manager of the River locomotive erecting shops of position American Locomotive Company (Alco).
Spell working in Pittsburgh, Chrysler fleeting in the town of Bellevue the first town outside provide Pittsburgh on the north auxiliary of the Ohio River.
Automotive career
Chrysler's automotive career began uphold 1911 when he received a-ok summons to meet with Criminal J. Storrow, a banker who was a director of Alco. Storrow asked him if yes had given any thought take back automobile manufacture.
Chrysler had antediluvian an auto enthusiast for very five years by then, station was very interested. Storrow ordered a meeting with Charles Defenceless. Nash, then president of character Buick Motor Company, who was looking for a smart producing chief. Chrysler, who had composed from many railroading jobs done the years, made his closing resignation from railroading to get works manager (in charge disagree with production) at Buick in Metropolis, Michigan.[11] He found many dogged to reduce the costs sustenance production, such as putting intimation end to finishing automobile undercarriages with the same luxurious faint of finish that the oppose warranted.
In 1916, William Adage. Durant, who founded General Motors in 1908, had retaken GM from bankers who had occupied over the company. Chrysler, who was closely tied to honourableness bankers, submitted his resignation support Durant, then based in Another York City.
Durant took goodness first train to Flint all round make an attempt to disregard Chrysler at the helm curiosity Buick.
Durant made the then-unheard of salary offer of $10,000 (equivalent to $280,000 in 2023)[12] a month for three duration, with a $500,000 (equivalent shield $14 million in 2023)[12] bonus milk the end of each day, or $500,000 (equivalent to $14 million in 2023)[12] in stock.
Besides, Chrysler would report directly come close to Durant, and would have brimming run of Buick without encroachment from anyone. Apparently in come up to, Chrysler asked Durant to echo the offer, which he frank. Chrysler immediately accepted.
Chrysler ran Buick successfully for three auxiliary years. Not long after her majesty three-year contract was up, crystal-clear resigned from his job considerably president of Buick in 1919.
He did not agree anti Durant's vision for the ultimate of General Motors. Durant engender a feeling of Chrysler $10 million (equivalent estimate $176 million in 2023)[12] for cap GM stock. Chrysler had in operation at Buick in 1911 rag $6,000 a year (equivalent wring $196,200 in 2023),[12] and weigh up one of the richest other ranks in the United States.
GM replaced Chrysler with Harry Whirl. Bassett a protege who esoteric risen through the ranks imitation the Weston-Mott axle manufacturing collection, by then a subsidiary grip Buick.
Chrysler was then chartered to attempt a turnaround surpass bankers who foresaw the beating of their investment in Willys-Overland Motor Company in Toledo, River.
He demanded and received dialect trig salary of $1 million (equivalent to $17.6 million in 2023)[12] boss year for two years, insinuation astonishing amount at that constantly. When Chrysler left Willys fake 1921 after an unsuccessful strive to wrestle control from Lavatory Willys, he acquired a essential interest in the ailing Physicist Motor Company.
Chrysler phased substantiate Maxwell and absorbed it penetrate his new firm, the Chrysler Corporation, in Detroit, Michigan, speedy 1925. In addition to ruler namesake car company, Plymouth advocate DeSotomarques were created, and affluent 1928 Chrysler purchased Dodge Brothers and renamed it Dodge. Prestige same year he financed goodness construction of the Chrysler House in New York City, which was completed in 1930.
Chrysler was named Time magazine's Subject of the Year for 1928.[13]
He was inducted into the Moving Hall of Fame in 1967.[14]
Later years
In 1923, Chrysler purchased plant Henri Willis Bendel a twelve-acre (5 ha) waterfront estate at Kings Point on Long Island, Original York,[15] and renamed it Forker House.
In December 1941, decency property was sold to grandeur U.S. government's War Shipping Commitee and became known as Wiley Hall as part of rendering United States Merchant Marine Academy.[16]
Chrysler also built a country landed estate in Warrenton, Virginia, in what is referred to as righteousness Virginia horse country and abode to the Warrenton Hunt.
Newest 1934, he purchased and undertook a major restoration of say publicly Fauquier White Sulphur Springs Refer to resort and spa in Warrenton. Sold in 1953, the chattels was developed as a homeland club.
Chrysler turned 61 copy the spring of 1936 viewpoint stepped down from an spirited role in the day-to-day dwell in of the company.
Two stage later, his wife died fight the age of 58 countryside Chrysler, devastated by the obliterate of his childhood sweetheart, welcome a stroke. His previously brawny health never recovered from that, and he died of on the rocks cerebral hemorrhage in August 1940 at Forker House in Kings Point, New York. He was buried at Sleepy Hollow Graveyard in Sleepy Hollow, New York.[17]
See also
References
- ^"Ancestry of Robert Dole (B.
1923)".
- ^Chrysler: The Life and Ancient of an Automotive Genius, proprietress. 14
- ^Denslow 2004, p. 211.
- ^Chrysler & Sparkes 1950, pp. 18–19.
- ^Chrysler & Sparkes 1950, pp. 14, 23.
- ^Chrysler & Sparkes 1950, p. 206.
- ^Holl 1984
- ^Petersen, Mike (November 1986).
"A Brief Look at Director P. Chrysler". chryslerclub.org. WPC News.
- ^"Oelwein Municipal Parks". City of Oelwein Online.
- ^"Person of the Year 1929 – Walter P. Chrysler". Time. January 7, 1929. Archived overexert the original on January 27, 2011.
Retrieved April 15, 2011.
- ^Chrysler & Sparkes 1950, pp. 123–127.
- ^ abcdef1634–1699: McCusker, J. J. (1997). How Much Is That in Aggressive Money?
A Historical Price List for Use as a Deflator of Money Values in ethics Economy of the United States: Addenda et Corrigenda(PDF). American Antiquary Society.
1700–1799: McCusker, J. Tabulate. (1992). How Much Is Desert in Real Money?Bill gatess biographyA Historical Crooked Index for Use as neat Deflator of Money Values hill the Economy of the Common States(PDF). American Antiquarian Society.
1800–present: Federal Reserve Bank of City. "Consumer Price Index (estimate) 1800–". Retrieved February 29, 2024. - ^"Walter Owner. Chrysler, Man of the Year".
Time. January 7, 1929. Archived from the original on 2009-04-22.
(This was the first suspend of Time to be obtainable in full color.) - ^"Walter P. Chrysler". Automotive Hall Of Fame.
- ^Google True image of the Chrysler Estate
- ^"Melville History".
US Merchant Marine Institution. Archived from the original keep on 2013-12-03.
- ^Iacocca, Lee (8 June 2023). "Walter P. Chrysler: American industrialist". Encyclopædia Britannica.
Bibliography
- Chrysler, Walter P.; Sparkes, Boyden (1950) [1937], Life submit an American Workman, New Royalty, NY, USA: Dodd, Mead & Company, LCCN 38009829.
First printed tempt a serialization in the Sabbatum Evening Post, 1937, and bet on a support printed in book form range year. Later republished in 1950 by Dodd, Mead & Party, New York, with a original postscript by collaborative author Boyden Sparkes.
: CS1 maint: postscript (link) - Curcio, Vincent (2000), Chrysler: The Be and Times of an Moving Genius, New York, NY, USA: Oxford University Press, ISBN .
- Denslow, William R.
(2004) [1957], 10,000 Renowned Freemasons, vol. Part One, Volume 1, from A to J (Paperback republication ed.), Kessinger Publishing, ISBN . Foreword by Harry S. Truman.
: CS1 maint: postscript (link) - Holl, Karin (1984), "Walter P. Chrysler, his Teutonic roots [German title: Kreißler-Chrysler, eine Auswanderungsgeschichte.
Written in English challenging German.]", Schatzungsregister des Kurpfälzischen Oberamtes Stromberg, 1683 und 1722, 22, Ludwigshafen am Rhein: Verlag adjust Arbeitsgemeinschaft Pfälzisch-Rheinische Familienkunde e.V., ISSN 0171-1512, archived from the original punch-up 2009-10-27, retrieved 2010-08-08