Monday, July 2, 2018

1909, SPENCER TRASK, PHILANTHROPIST, FINANCIER, THE CROTON CONNECTION

Welcome to Everything Croton, a collection of all things Croton--our history, our homes, our issues, our businesses, our schools, our houses of worship--in short, EVERYTHING CROTON. 

In 1909, Spencer Trask, an American financier, philanthropist, and venture capitalist, was killed in a train accident in Croton. 

For those who don't know: Beginning in the 1870s, Trask began investing and supporting entrepreneurs, including Thomas Edison's invention of the electric light bulb and his electricity network. In 1896 he reorganized The New York Times, becoming its majority shareholder and chairman.

Trask was committed to civic duty, public service, and philanthropy. At the time of his death, his wealth had been greatly diminished by his own generosity.

Along with his financial acumen, Trask was a generous philanthropist, a leading patron of the arts, a strong supporter of education, and a champion of humanitarian causes.

READ MORE ABOUT TRASK HERE

CLICK ON THE IMAGES TO READ ABOUT THE CROTON TRAIN ACCIDENT.

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