A. Stamford White
White was an early great supporter of Boy Scouts of America and is believed to be the founder of the Owasippe Scout Reservation in Twin Lake, Michigan, the oldest scout camp in the United States. White, who was the head of the Chicago Council of Boy Scouts, "met with the Whitehall Chamber of Commerce who agreed to donate 40 acres of land on Crystal Lake, with the agreement that the Scout group would purchase an additional 80 acres." Owasippe was originally called the A. Stamford White – Owasippe Scout Camp.
White was listed in the 17th edition of the Boy Scout handbook as a vice president of Boy Scouts of America and also in Boys Life in 1915. He was listed as a founder of Boy Scouts in the 1916 incorporation by the U.S. House and Senate, which was signed by President Woodrow Wilson.
Alfred Stamford White was born in Liverpool, England in 1851. He died in Chicago on October 24, 1918 upon returning from Washington, DC where he had conferred with Herbert Hoover, flood administrator for the U.S during World War I. He was president of the Chicago Board of Trade at the time of his death, which was thought to be from influenza. The exchange was closed at noon out of respect for their departed president.
He started in the grain business in Liverpool. He moved to Chicago in 1881 and joined the Chicago Board of Trade in 1882.
White was member of the board of managers of the YMCA and a trustee for the Chicago Home for Boys. He was a member of the Chicago Press Club and a member of the Union League, Flossmoor and Prairie Clubs.
White was a director of Quaker Oats Co. and of the Chicago Savings Bank and Trust Co.
An employee of White's was Arthur Cutten, who went on to become a well known speculator. According to Cutten's story, published in the Saturday Evening Post, in 1896 White loaned Cutten the $800 to buy his membership on the Chicago Board of Trade.
JLN News Feed
Morgan Stanley Soared in Currency Derivatives Before Lira Mess; Time to Get Tactical on European Rates as Returns May Fall
CME Group Chief Financial Officer and Global Head of Financial and OTC Products to Present at Goldman Sachs Conference
We visit more than 100 websites daily for financial news (Would YOU do that?). Read the John Lothian Newsletter.