John R. Macomber
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John R. Macomber | |
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| Born | February 1, 1875 |
| Died | May 11, 1955 (aged 80) Framingham, Massachusetts, U.S. |
| Alma mater | Massachusetts Institute of Technology |
| Occupation | Financier |
| Known for | Involvement in Thoroughbred racing; Raceland estate |
John Russell Macomber (February 1, 1875 – May 11, 1955) was an American financier and sportsman.
Macomber was born on February 1, 1875, in Framingham, Massachusetts, to John F. and Helen A. Hunt Macomber.[1] He attended public schools in Framingham and the Chauncey Hill School in Boston.[2] In 1897, he graduated from the Massachusetts Institute of Technology.[3]
Business career
In 1894, Macomber joined the banking firm of N. W. Harris & Co as a messenger. In 1909, he became a partner, and he was named vice president in 1911. In 1916, the firm was succeeded by Harris, Forbes & Co. and Macomber was made president.[3] In 1930, he became chairman of the board of directors.[4] In 1931, the business was consolidated with Chase Securities to become Chase, Harris, Forbes Corporation.[5] In 1934, Chase, Harris, Forbes dissolved its banking affiliates and Macomber became chairman of the First Boston Corporation.[3] He retired from the board on December 31, 1947.[6]
Macomber also served as a director or trustee of a number of companies, including First National Bank of Boston, Harris Trust and Savings Bank, Bankers Trust, the International Paper Company, Chase National Bank, United Shoe Machinery Corporation, and Puget Sound Power and Light.[2][3] In 1927, Macomber was named chairman of the board of directors for the planned sports arena at North Station which became the Boston Garden. The board, which consisted of members of the Madison Square Garden Corporation, the Boston and Maine Corporation, and a number of Boston businessmen, also included Tex Rickard, Homer Loring, George Hannauer, Edward Lawrence Logan, Louis K. Liggett, Charles F. Adams, Huntington Hardwick, and Joseph Gilman.[7] In 1934, the Madison Square Garden Corporation sold its interest to the Boston Arena Corporation and Macomber served on the Board of the new Boston Garden-Arena Corporation.[8][9]
Public service
During World War I, Macomber served as chairman of the New England Liberty Loan committee and of Metropolitan Boston trade in the United War Work campaign.[10][11] From 1919 to 1920, Macomber served as President of the Boston Chamber of Commerce.[10][12] On September 3, 1920, Massachusetts State Treasurer Fred J. Burrell resigned following an investigation by a special legislative committee and Governor Calvin Coolidge appointed Macomber, Albert P. Langtry, and Henry A. Wyman to administer the office until a successor could be confirmed.[13] In 1922, Macomber was elected a life member of the board of trustees at Tufts College.[2] In 1926, he was named chairman of Massachusetts General Hospital's finance campaign committee.[14]
