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Duke, James Buchanan

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Born: 1856 AD
Died: 1925 AD, at 68 years of age.

Nationality: American
Categories: Businessmen

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1856 - Born in Durham, North Carolina on the 23rd of December.

1890 - He forged an agreement with his British competitors to divide the market, with Duke controlling the American trade, the British companies controlling the trade in British territories, and a third, cooperative venture between the two - the British-American Tobacco Company - controlling the sale of tobacco to the rest of the world.

1892 - The Dukes had opened their first textile firm in Durham, North Carolina that was run by Benjamin Duke.

1904 - He established the Catawba Power Company and the following year he and his brother founded the Southern Power Company which became known as Duke Power, one of the companies making up the Duke Energy, Inc. conglomerate.

1906 - The American Tobacco Company was found guilty of antitrust violations, and was ordered to be split into three separate companies.

1911 - The United States Supreme Court upheld an order breaking up the American Tobacco Company's monopoly.

1924 - In December, Duke established The Duke Endowment, a $40 million trust fund, some of which was to go to Trinity College.

1925 - Died on the 10th of October.
















 

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Page last updated: 1:27pm, 20th Jun '07