Eugene C. Cashman
Encyclopedia
Eugene C. "Gene" Cashman (October 7, 1921 - April 6, 2000) was an American businessman and Thoroughbred
racehorse
owner. He was a prominent Chicago
commodities trader
and was a member of the Chicago Board of Trade
for nearly half a century.
Gene Cashman made a fortune trading in the volatile grain
markets of the 1970s. His wealth allowed him to invest in his passion for horse racing
and in 1976 his colt
Elocutionist
won the Preakness Stakes
, the second leg of the U.S. Triple Crown
series. In 1981, Cashman purchased the 217 acre (0.87816862 km²) Pebble Hill Farm in Florida from Mitchell Wolfson and renamed it September Farm. In 1985 he sold his racing operations and held a dispersal of his horses at Keeneland Sales
.
Gene Cashman died at age seventy-eight in North Carolina
following a lengthy illness.
Thoroughbred
The Thoroughbred is a horse breed best known for its use in horse racing. Although the word thoroughbred is sometimes used to refer to any breed of purebred horse, it technically refers only to the Thoroughbred breed...
racehorse
Horse racing
Horse racing is an equestrian sport that has a long history. Archaeological records indicate that horse racing occurred in ancient Babylon, Syria, and Egypt. Both chariot and mounted horse racing were events in the ancient Greek Olympics by 648 BC...
owner. He was a prominent Chicago
Chicago
Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...
commodities trader
Trade (financial instrument)
In finance, a trade is an exchange of a security for "cash", typically a short-dated promise to pay in the currency of the country where the 'exchange' is located...
and was a member of the Chicago Board of Trade
Chicago Board of Trade
The Chicago Board of Trade , established in 1848, is the world's oldest futures and options exchange. More than 50 different options and futures contracts are traded by over 3,600 CBOT members through open outcry and eTrading. Volumes at the exchange in 2003 were a record breaking 454 million...
for nearly half a century.
Gene Cashman made a fortune trading in the volatile grain
GRAIN
GRAIN is a small international non-profit organisation that works to support small farmers and social movements in their struggles for community-controlled and biodiversity-based food systems. Our support takes the form of independent research and analysis, networking at local, regional and...
markets of the 1970s. His wealth allowed him to invest in his passion for horse racing
Horse racing
Horse racing is an equestrian sport that has a long history. Archaeological records indicate that horse racing occurred in ancient Babylon, Syria, and Egypt. Both chariot and mounted horse racing were events in the ancient Greek Olympics by 648 BC...
and in 1976 his colt
Colt (horse)
A colt is a young male horse, under the age of four. The term "colt" is often confused with foal, which refers to a horse of either sex under one year of age....
Elocutionist
Elocutionist (horse)
Elocutionist was an American Thoroughbred racehorse best known for winning the second leg of the U.S. Triple Crown series. Bred by Josephine Abercrombie's Pin Oak Stud and foaled at her Versailles, Kentucky farm, his sire was the multiple stakes winner, Gallant Romeo, a son of U.S. Racing Hall of...
won the Preakness Stakes
Preakness Stakes
The Preakness Stakes is an American flat Thoroughbred horse race for three-year-olds held on the third Saturday in May each year at Pimlico Race Course in Baltimore, Maryland. It is a Grade I race run over a distance of 9.5 furlongs on dirt. Colts and geldings carry 126 pounds ; fillies 121 lb...
, the second leg of the U.S. Triple Crown
United States Triple Crown of Thoroughbred Racing
In the United States, the "Triple Crown" is usually the Triple Crown of Thoroughbred Racing, a series of three Thoroughbred horse races for three-year-old horses run in May and early June of each year consisting of the Kentucky Derby, Preakness Stakes, and Belmont Stakes.While Daily Racing Form...
series. In 1981, Cashman purchased the 217 acre (0.87816862 km²) Pebble Hill Farm in Florida from Mitchell Wolfson and renamed it September Farm. In 1985 he sold his racing operations and held a dispersal of his horses at Keeneland Sales
Keeneland Sales
The Keeneland Sales is an American Thoroughbred auction house in Lexington, Kentucky founded in 1935 as a nonprofit racing/auction entity on 147 acres of farmland west of Lexington, which had been owned by Jack O. Keene...
.
Gene Cashman died at age seventy-eight in North Carolina
North Carolina
North Carolina is a state located in the southeastern United States. The state borders South Carolina and Georgia to the south, Tennessee to the west and Virginia to the north. North Carolina contains 100 counties. Its capital is Raleigh, and its largest city is Charlotte...
following a lengthy illness.