|Name||Roger W. Babson|
, Massachusetts , United States
|| July 06, 1875
|Died||March 05, 1967
Feb 08, 2016 10:04pm
Moderate-to-Conservative - Pro-Missile Defense - Prohibitionist - Widowed - Straight -
|Info||BABSON, Roger Ward - economist and lecturer; Prohibition Party candidate for US President in 1940. Babson was the wealthiest presidential nominee of the Prohibition Party. |
Remembered today largely for founding Babson College in Massachusetts, was an entrepreneur and business theorist who rose to great fame in the first half of the 20th Century. He also founded Webber College, now Webber International University, in Babson Park, Florida, and the defunct Utopia College, in Eureka, Kansas.
Born 7/6/1875 in Gloucester Ma; parents were Nathaniel & Ellen (Stearns) Babson; part of the 10th generation of Babsons to live in Gloucester, Massachusetts.
Attended Massachusetts Institute of Technology and worked for investment firms before founding, in 1904, Babson's Statistical Organization, which analyzed stocks and business reports. It continues today as Babson-United Investment Reports. Babson was one of the few investment analysts to predict the stock market crash of 1929.
On 3/29/1900, Babson married Grace Margaret Knight.
Director General of Information and Education in the US Department of Labor during World War I.
Prohibition Party candidate for President of the United States in 1940. Babson played a major role in shifting the party from a reform-centered party to a religious right party.
Founded the Gravity Research Foundation in 1948 to search for ways to convert gravity into useful energy. The Foundation established a research facility in the town of New Boston, New Hampshire after Babson determined that this location was far enough away from the city of Boston, Massachusetts to survive a nuclear attack.
Babson was interested in the history of an abandoned settlement near Gloucester known as Dogtown. To provide charitable assistance to unemployed stonecutters in Gloucester during the Great Depression, Babson commissioned them to carve inspirational inscriptions on approximately two dozen boulders in the surrounding area Dogtown Common. The Babson Boulder Trail exists today as a well-known hiking and mountain-biking trail. The inscriptions are clearly visible. The boulders are scattered, not all are on the trail, and not all of the inscriptions face it, making finding them something of a challenge. Samples of some of the two dozen inscriptions include: HELP MOTHER; SPIRITUAL POWER; and LOYALTY.
He became a widower in 1956. He was later remarried to Nona M. Dougherty. He was widowed again in 1963.
Babson died on 3/5/1967. At his death, his net worth was $50,000,000.
(Bio taken from Wikipedia)
National Prohibitionist, 11/2004