Frederick Heinze

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Person.png Frederick Heinze   Geni NNDBRdf-icon.png
(businessman)
Frederick Heinze.jpg
BornDecember 5, 1869
Brooklyn, New York
DiedNovember 4, 1914 (Age 44)
Saratoga, New York
Alma materBrooklyn Polytechnic Institute, Columbia University School of Mines
ChildrenFritz Heinze Jr
ParentsOtto Heinze Lida Lacey
SpouseBernice Henderson
Victim ofPremature death
A copper baron bankrupted by the money trust

Frederick Augustus Heinze Sr. was a Montana copper millionaire who was selected as the key target for the money trust's 1907 panic.

Activities

“Heinze brought his copper fortune to New York and joined with C. W. Morse of the Ice Trust. Jointly they acquired control of Mercantile National Bank, using the assets of the Bank of North America already dominated by Morse. Heinze and Morse then acquired control of the Knickerbocker Trust Company, allied with the Trust Company of America and Lincoln Trust. They then incorporated a speculative vehicle, the United Copper Company. It was stock market games with United Copper that precipitated the 1907 crisis. Banks under control of the "money trust" called their loans to United Copper and began a run on the Heinze-Morse Mercantile National Bank. It is now generally agreed "that the 1907 panic was precipitated by the struggle to get rid of Heinze."”
Anthony Sutton [1]

Death

In 1914, Heine was "suddenly stricken" at aged 44, reported the New York Times.[2]

5 December 1869|4 November 1914|


References


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