Jekyll Island Club
Encyclopedia
The Jekyll Island Club was a private club located on Jekyll Island
Jekyll Island
Jekyll Island is an island off the coast of the U.S. state of Georgia, in Glynn County; it is one of the Sea Islands and one of the Golden Isles of Georgia. The city of Brunswick, Georgia, the Marshes of Glynn, and several other islands, including the larger St. Simons Island, are nearby...

, on the Georgia
Georgia (U.S. state)
Georgia is a state located in the southeastern United States. It was established in 1732, the last of the original Thirteen Colonies. The state is named after King George II of Great Britain. Georgia was the fourth state to ratify the United States Constitution, on January 2, 1788...

 coastline. It was founded in 1886 when members of an incorporated hunting and recreational club purchased the island for $125,000 from John Eugune du Bignon. The original design of the Jekyll Island Clubhouse, with its easily identifiable turret, was completed in January 1888. The club thrived through the early 20th century with an exclusive limited membership consisting of many of the world's wealthiest families at the time, most notably the Morgans, Rockefellers, and Vanderbilts. The club lasted 54 years, closing at the end of the 1942 season due to complications from World War II
World War II
World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...

. In 1947, after 5 years of funding a staff to upkeep the lawn and cottages, the island was purchased from the club's remaining members for $675,000 during condemnation proceedings by the state of Georgia.

The State tried operating the club as a resort for some time, but this was not financially successful and the entire complex was closed by 1971. The complex was designated a historic landmark in 1978. It was restored and reopened as a luxury resort hotel in 1985.

The Founding of the Club

At the end of the plantation era of Jekyll Island, Newton Finney, John Eugene Dubignon’s brother-in-law, had big ideas for Jekyll Island. Finney had suggested to Dubignon the potential of selling the island to Northern businessmen as a winter resort. The two men received help from a New York backer to assist with the purchase of the entire island. By 1885, Dubignon was the sole owner of Jekyll.

During 1885, Newton Finney had also partnered with Oliver K. King who was an associate of Finney’s from New York. They brought together a group of men and petitioned the Glynn county
Glynn County, Georgia
Glynn County is a county located in the U.S. state of Georgia. As of 2000, the population was 67,568. The 2008 Census Estimate showed a population of 75,884...

 courts, becoming incorporated as the “Jekyl Island Club” on December 9, 1885. They agreed to sell 100 shares of the Jekyll Island Club stock to 50 individuals at $600 a share.

Finney had no difficulty selling the shares. Six of the first seven shares went to the men who signed the charter petition: Finney, Dubignon, King, Richard L. Ogden, William B. D'Wolf, and Charles L. Schlatter. In all, Finney was able to find fifty-three individuals to join the Club, including such famous names as Henry Hyde
Henry Baldwin Hyde
Henry Baldwin Hyde, , founded The Equitable Life Assurance Society of the United States in 1859. It became, by the year of Hyde's death, the largest life insurance company in the world....

, Marshall Field
Marshall Field
Marshall Field was founder of Marshall Field and Company, the Chicago-based department stores.-Life and career:...

, John Pierpont Morgan, Joseph Pulitzer
Joseph Pulitzer
Joseph Pulitzer April 10, 1847 – October 29, 1911), born Politzer József, was a Hungarian-American newspaper publisher of the St. Louis Post Dispatch and the New York World. Pulitzer introduced the techniques of "new journalism" to the newspapers he acquired in the 1880s and became a leading...

, and William H. Vanderbilt.

By 1886, financial preparations were completed and Finney, as a representative of the newly formed Jekyll Island Club, was prepared to sign paperwork. On February 17, 1886 Newton Finney signed an official agreement with Dubignon, selling Jekyll Island to the Jekyll Island Club for $125,000.

On April 1, 1886, a meeting was held in New York to create the constitution and by-laws, and to nominate officers for the club. The first president was Lloyd Aspinwall, vice president was Judge Henry Elias Howland, treasurer was Franklin M. Ketchum, and Richard L. Ogden became secretary. These men faced the difficult task of turning the undeveloped property into a social club for the wealthy upper class of America.

Lloyd Aspinwall only served 5 months as the club president before he died suddenly. Henry Howland then took up the position as president of the Club.

Committees were formed to get the club off the ground. Charles A. Alexander of Chicago was chosen to design the clubhouse, and William Shaler Cleveland, a famous landscape architect, was chosen to design and lay out the grounds.

Ground was broken on the clubhouse building in mid-August 1886. After some setbacks the clubhouse was completed on November 1. The club officially opened its doors when the executive committee arrived for the 1888 season on January 21.

Several nationally important events took place on Jekyll Island during the Club era, including the first transcontinental telephone call made by Theodore N. Vail, president of AT&T
AT&T
AT&T Inc. is an American multinational telecommunications corporation headquartered in Whitacre Tower, Dallas, Texas, United States. It is the largest provider of mobile telephony and fixed telephony in the United States, and is also a provider of broadband and subscription television services...

, to Alexander Graham Bell
Alexander Graham Bell
Alexander Graham Bell was an eminent scientist, inventor, engineer and innovator who is credited with inventing the first practical telephone....

, Thomas A. Watson
Thomas A. Watson
Thomas Augustus Watson was an assistant to Alexander Graham Bell, notably in the invention of the telephone in 1876. He is best known because his name was one of the first words spoken over the telephone. "Mr. Watson - Come here - I want to see you." were the first words Bell said using the new...

 and President Woodrow Wilson
Woodrow Wilson
Thomas Woodrow Wilson was the 28th President of the United States, from 1913 to 1921. A leader of the Progressive Movement, he served as President of Princeton University from 1902 to 1910, and then as the Governor of New Jersey from 1911 to 1913...

 in 1915; and the development of the Aldrich Vreeland Act for the National Monetary Commission
National Monetary Commission
National Monetary Commission was a study group created by the Aldrich Vreeland Act of 1908. After the Panic of 1907 American bankers turned to Europe for ideas on how to operate a central bank. Senator Nelson Aldrich, Republican leader of the Senate, personally led a team of experts to major...

 in 1908.

Recreation during the club era

The Jekyll Island Club was a unique resort, more family oriented than the Union Club
Union Club
Union Club may refer to:* Union Club of Boston* Union Club of the City of New York* Pacific-Union Club* Union Club , a London gentlemen's club based in Trafalgar Square, between 1827 and 1923, in what is now Canada House.* Union Club, Cleveland, Ohio...

 of New York or the Chicago Club
Chicago Club
The Chicago Club, founded in 1869, is a private social club located in downtown Chicago. Its membership has included many of Chicago's most prominent businessmen, politicians, and families.-Press coverage:...

. Women were encouraged to hunt, ride and camp.

When the club started out, hunting was a major recreational activity for both men and women. A gamekeeper was hired to keep the island well stocked with pheasants, turkeys, quail and deer.

All members were to report daily what they had killed and turn it over to the club. Wild game was a common sight on the menu of the clubhouse. A taxidermist shop was located within the club compound, specifically for mounting the prize game.

As the club grew, other recreations became popular. Golf
Golf
Golf is a precision club and ball sport, in which competing players use many types of clubs to hit balls into a series of holes on a golf course using the fewest number of strokes....

 eventually took over as the Club's dominant sport. The first course was located just to the north of the Club compound. Later, in the 1920s, an oceanside course was built. A portion of this historic golf course is still intact, and can be played.

Other leisure activities included carriage driving, tennis
Tennis
Tennis is a sport usually played between two players or between two teams of two players each . Each player uses a racket that is strung to strike a hollow rubber ball covered with felt over a net into the opponent's court. Tennis is an Olympic sport and is played at all levels of society at all...

, and bicycling.

Role in the history of the Federal Reserve

Jekyll Island was the location of a meeting in November 1910 in which draft legislation was written to create the U.S. Federal Reserve. Following the Panic of 1907
Panic of 1907
The Panic of 1907, also known as the 1907 Bankers' Panic, was a financial crisis that occurred in the United States when the New York Stock Exchange fell almost 50% from its peak the previous year. Panic occurred, as this was during a time of economic recession, and there were numerous runs on...

, banking reform became a major issue in the United States. Senator Nelson Aldrich (R
Republican Party (United States)
The Republican Party is one of the two major contemporary political parties in the United States, along with the Democratic Party. Founded by anti-slavery expansion activists in 1854, it is often called the GOP . The party's platform generally reflects American conservatism in the U.S...

-RI
Rhode Island
The state of Rhode Island and Providence Plantations, more commonly referred to as Rhode Island , is a state in the New England region of the United States. It is the smallest U.S. state by area...

), chairman of the National Monetary Commission
National Monetary Commission
National Monetary Commission was a study group created by the Aldrich Vreeland Act of 1908. After the Panic of 1907 American bankers turned to Europe for ideas on how to operate a central bank. Senator Nelson Aldrich, Republican leader of the Senate, personally led a team of experts to major...

, went to Europe for almost two years to study that continent's banking systems. Upon his return, he brought together many of the country's leading financiers to Jekyll Island to discuss monetary policy and the banking system, an event which was the impetus for the creation of the Federal Reserve.

On the evening of November 22, 1910, Sen. Aldrich and A.P. Andrews (Assistant Secretary of the United States Treasury Department), Paul Warburg
Paul Warburg
Paul Moritz Warburg was a German-born American banker and early advocate of the U.S. Federal Reserve system.- Early life :...

 (a naturalized German representing Kuhn, Loeb & Co.
Kuhn, Loeb & Co.
Kuhn, Loeb & Co. was a bulge bracket, investment bank founded in 1867 by Abraham Kuhn and Solomon Loeb. Under the leadership of Jacob H. Schiff, it grew to be one of the most influential investment banks in the late 19th and early 20th centuries, financing America's expanding railways and growth...

), Frank A. Vanderlip
Frank A. Vanderlip
Frank A. Vanderlip was an American banker. From 1897-1901, Vanderlip was the Assistant Secretary of Treasury for President of the United States William McKinley's second term. In that office he negotiated with National City Bank a $200 million loan to the government to finance the Spanish...

 (president of the National City Bank of New York), Henry P. Davison
Henry P. Davison
Henry Pomeroy Davison, Sr. was an American banker and philanthropist.-Biography:He was born on June 12, 1867 in Troy, Pennsylvania, the oldest of the four children of Henrietta and George B. Davison. Henry's mother died when he was just eight years old in 1875...

 (senior partner of J. P. Morgan
J. P. Morgan
John Pierpont Morgan was an American financier, banker and art collector who dominated corporate finance and industrial consolidation during his time. In 1892 Morgan arranged the merger of Edison General Electric and Thomson-Houston Electric Company to form General Electric...

 Company), Charles D. Norton (president of the Morgan-dominated First National Bank of New York), and Benjamin Strong (representing J. P. Morgan), together representing about one fourth the world's wealth at the time, left Hoboken, New Jersey
Hoboken, New Jersey
Hoboken is a city in Hudson County, New Jersey, United States. As of the 2010 United States Census, the city's population was 50,005. The city is part of the New York metropolitan area and contains Hoboken Terminal, a major transportation hub for the region...

 on a train in complete secrecy, dropping their last names in favor of first names, or code names, so no one would discover who they all were. The excuse for such powerful representatives and wealth was to go on duck hunting trip on Jekyll Island.

Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...

magazine founder Bertie Charles Forbes wrote several years later:

Picture a party of the nation’s greatest bankers stealing out of New York on a private railroad car under cover of darkness, stealthily riding hundreds of miles South, embarking on a mysterious launch, sneaking onto an island deserted by all but a few servants, living there a full week under such rigid secrecy that the names of not one of them was once mentioned, lest the servants learn the identity and disclose to the world this strangest, most secret expedition in the history of American finance. I am not romancing; I am giving to the world, for the first time, the real story of how the famous Aldrich currency report, the foundation of our new currency system, was written... The utmost secrecy was enjoined upon all. The public must not glean a hint of what was to be done. Senator Aldrich notified each one to go quietly into a private car of which the railroad had received orders to draw up on an unfrequented platform. Off the party set. New York’s ubiquitous reporters had been foiled... Nelson (Aldrich) had confided to Henry, Frank, Paul and Piatt that he was to keep them locked up at Jekyll Island, out of the rest of the world, until they had evolved and compiled a scientific currency system for the United States, the real birth of the present Federal Reserve System, the plan done on Jekyll Island in the conference with Paul, Frank and Henry... Warburg is the link that binds the Aldrich system and the present system together. He more than any one man has made the system possible as a working reality.

Decline and closure of the club

The Great Depression
Great Depression
The Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it started in about 1929 and lasted until the late 1930s or early 1940s...

 in 1929 caused great changes on Jekyll Island. This depression touched even the very wealthy across the country and membership in an exclusive club became an extravagance. Membership dropped slowly through the 1930s as the depression continued.

With the financial situation of the club worsening, the executive committee decided to create a new level of club membership in 1933. A more affordable level of membership, the Associate membership was designed to fit the needs, and pocketbook, of anyone. It was an attempt to draw in new and younger people as well as to draw more members back to the clubhouse. This new membership did revitalize the club membership roster, although only for a brief period.

World War II
World War II
World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...

 was the final blow to the life of the Jekyll Island Club. The club opened as usual for the 1942 season. However, by the beginning of March it was announced there would be an early close to the season due to the club’s financial situation and the strain the war had on the labor situation. The 1942 season would turn out to be the final season for the Jekyll Island Club.

There was hope by the president that the Club might be reopened after the war with renewed interest. However, in 1946 the state of Georgia
Georgia (U.S. state)
Georgia is a state located in the southeastern United States. It was established in 1732, the last of the original Thirteen Colonies. The state is named after King George II of Great Britain. Georgia was the fourth state to ratify the United States Constitution, on January 2, 1788...

 entered the picture. The Revenue Commissioner, M. E. Thompson, wanted to purchase one of Georgia's barrier islands and open it to the public as a state park. Finally, on June 2, 1947, the state purchased the island through a condemnation order for $675,000 (or approximately $5,563,416 in 2003 dollars).

The club was turned into a public resort by the state, but closed by 1971, a financial failure. It was made a historic landmark in 1978 and restored and reopened as the Radisson Jekyll Island Club Hotel in 1985. Radisson ceased managing the hotel some years later, and it currently operates as the Jekyll Island Club Hotel.

List of members

During the club's inception, a limit of 100 members was imposed to ensure the club's exclusiveness. During the financially difficult Great Depression
Great Depression
The Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it started in about 1929 and lasted until the late 1930s or early 1940s...

 period, the club began referring to its members as founders and created the new Associate Membership. This membership was purchased at a lower price, but with all of the benefits that the founders enjoyed, and limited to a total of 150.

This list is in no way exhaustive, but it does feature some of the more notable members.
Member Years
John J. Albright 1890-1931
Nelson W. Aldrich
Nelson W. Aldrich
Nelson Wilmarth Aldrich was a prominent American politician and a leader of the Republican Party in the Senate, where he served from 1881 to 1911....

 
1912-1915
Lloyd Aspinwall 1886-1886
Lloyd Aspinwall,Jr. 1886-1892
George Fisher Baker  1901-1931
Francis Bartlett 1886-1911
Frances Bartow 1931-1945
Anson Beard 1927-1929
John Eugene du Bignon 1886-1896
Cornelius Newton Bliss 1886-1911
Cornelius Newton Bliss, Jr. 1912-1921
Matthew Chaloner Durfree Borden  1892-1912
Frederick G. Bourne 1901-1919
Marion Bourne 1919-1937
Marjorie Bourne 1920-1929
Robert Elbert Bourne 1926-1929
Robert Brewster 1912-1939
Charles S. Brown 1924-1935
McEvers Bayard Brown 1886-1926
John Claflin 1886-1912, 1921-1938
Charles Richard Crane 1916-1924
Florence Higinbotham Crane 1919-1940
Richard Teller Crane 1911-1931
Robert Fulton Cutting 1923-1934
William Bayard Cutting
William Bayard Cutting
William Bayard Cutting, Esq. , a member of New York's merchant aristocracy, was an attorney, financier, real estate developer, sugar beet refiner and philanthropist. He was born to Fulton Cutting and Elise Justine Bayard...

 
1886-1912
Charles M. Daniels 1924-1932
Charles Deering
Charles Deering
Charles Deering was an American businessman, art collector, and philanthropist. He was an executive of the agricultural machinery company founded by his father that became International Harvester. Charles's successful stewardship of the family firm left him with the means and leisure to indulge...

 
1887-1902
John Eugene du Bignon 1886-1896
Marshall Field
Marshall Field
Marshall Field was founder of Marshall Field and Company, the Chicago-based department stores.-Life and career:...

 
1886-1906
Duncan Steuart Ellsworth 1895-1908
James Ellsworth
James Ellsworth
James Ellsworth was an American coal mine owner and banker.-Early life:...

 
1915-1924
Nathaniel Kellogg Fairbank  1886-1903
Walton Ferguson 1887-1922
Walton Ferguson, Jr. 1902-1906
Marshall Field 1886-1906
Newton Sobieski Finney 1886-1897
Michael Gavin 1924-1933
Edmund Hayes 1886-1921
James J. Hill 1888-1916
Mary Hill 1916-1921
Bayard C. Hoppin 1925-1931
Gerard B. Hoppin 1923-1938
Alanson Houghton  1919-1941
Henry Howland 1886-1901
Dr. Walter James 1917-1927
Walter Jennings 1926-1933
Morris K. Jessup 1888-1908
John S. Kennedy 1898-1909
Charles Lanier 1886-1911
Cornelius "Connie" Lee 1919-1947
Pierre Lorillard 1886-1886, 1888-1891
John Magee 1893-1908
Valentine Everit Macy 1909-1927
Charles Stewart Maurice 1886-1924
Cyrus Hall McCormick, Jr.
Cyrus Hall McCormick II
Cyrus Hall McCormick II was an American businessman.He was the oldest son of the industrialist Cyrus Hall McCormick . He was born in Chicago on May 16, 1859. He married Harriet Bradley Hammond on March 5, 1889. They had three children: Cyrus Hall McCormick III was born September 22, 1890. Elzabeth...

 
1891-1936
John Pierpont Morgan  1886-1913
J.P Morgan, Jr. 1913-1943
William Fellowes Morgan 1925-1934
Richard Ogden 1886-1892
Rev. Charles H. Parkhurst  1894-1909
Bernie Prentice 1928-1947
Joseph Pulitzer 1886-1911
William Rockefeller
William Rockefeller
William Avery Rockefeller, Jr. , American financier, was a co-founder with his older brother John D. Rockefeller of the prominent United States Rockefeller family. He was the son of William Avery Rockefeller, Sr. and Eliza Rockefeller.-Youth, education:Rockefeller was born in Richford, New York,...

 
1905-1922
Grant B. Schley 1903-1917
Dr. Frederick Shattuck 1912-1929
Frederick Snow
Frederick Snow
Sir Frederick Sidney Snow CBE was a civil and structural engineer. Born in London, he was founder and senior partner of Frederick S. Snow and Partners, which became Sir Frederick Snow and partners....

 
1915-1918, 1925-1929
George Baker St. George 1925-1933
William Strassburger 1919-1924
Alexander Thayer 1929-1937
Theodore Vail 1912-1920
Cornelius Vanderbilt
William Kissam Vanderbilt 1886-1902
William Warren Vaughn 1919-1931
George Whitney
George Whitney
-External links:...

 
1928-1941

Associate Members:
(This class of membership was adopted in 1933)
Member Years
William Truman Aldrich 1933-?
Lynford Biddle 1928-1933
John Foster Dulles 1933-?
Robert Gardner ?
David Sinton Ingalls
David Sinton Ingalls
David Sinton Ingalls, DSC and DFC was the only United States Navy Flying Ace of World War I, with six credited victories; thus he was the first ace in U. S. Navy history. He was the son of Albert S. Ingalls; his mother, Jane Taft, was the niece of President William Howard Taft...

 
?
Julian Myrick
Julian Myrick
Julian Southall Myrick was an insurance salesman and promoter of tennis from the United States.Myrick was born in Murfreesboro, North Carolina on March 1, 1880. In 1898, Myrick entered the insurance business as an application clerk at the Mutual Insurance Company. In 1906, Myrick partnered with his...

 
?
George Herbert Walker
George Herbert Walker
George Herbert Walker was a wealthy American banker and businessman. His daughter Dorothy married Prescott Bush, making him a grandfather of former President George H. W. Bush and a great-grandfather of former President George W. Bush.-Life and career:Born in St...

 
1933-?
A.J. Drexel Paul 1927-1933

Presidents

  • 1886–1887 — Lloyd Aspinwall
  • 1887–1896 — Henry Howland
  • 1897–1914 — Charles Lanier
  • 1914–1919 — Frederick Bourne
  • 1919–1927 — Dr. Walter James
  • 1927–1933 — Walter Jennings
  • 1933–1938 — J.P. Morgan, Jr.
  • 1938–1942 — Bernon Prentice

External links

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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