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- Q4888499 abstract "Benjamin Edward Bates (/beɪtɛs/ BAY-ts); July 12, 1808 – January 14, 1878) was an American business magnate, and philanthropist. Known for his widespread business endeavors in the state of Maine during the 1850s and 1860s, he produced some of the most prominent academic institutions, buildings, and manufacturing sites in the United States. He was the founder of the Bates Manufacturing Company which housed the Bates Mill Company, which dominated the mill industry and was one of the first great U.S. business trusts. He initially gained wealth and influence from manufacturing textiles, estate development, and railroad construction. His business pursuits played a key role in integrating the early manifestations of the Efficiency Movement, and Taylorism in Maine. Bates would later go on to found the Lewiston Water Power Company in Lewiston, Maine, which built the first canal in the city. His influence and power in Maine revolutionized the the textile manufacturing market, and provided stabilization during the Manhattan banking panics of 1837. His businesses provided the capital for educational and industrial development in Maine, and at one point was the single largest employer in Lewiston, and per capita the largest in Maine. As historically the wealthiest person in the state during the 1800s, his fortune was mainly used to create a modern systematic approach of targeted philanthropy, including educational, academic, manufacturing, and banking investment.Born in Mansfield, Massachusetts, Bates grew up in religious and educated household that provided him with the connections needed to establish himself as a businessman. Bates co-founded the firm of Davis, Bates & Turner (later Bates & Turner), which existed from 1833 until 1847. His businesses were the largest employer in the city of Lewiston for three decades. During the American Civil War, he provided thousands of French-Canadians and Europeans with employment in his mills. Correctly anticipating that the increasing talk of secession in the Southern states might eventually lead to a shortage of cotton, Bates bought vast amounts of cotton prior to the outbreak of the Civil War, and profited handsomely. His efforts concluded numerous periodic shortages of textiles through the war to be quelled, he was dubbed, the "supplier of movement."He is widely known for his role in the financing of Bates College in Lewiston, Maine, along with founder Oren Burbank Cheney and the construction of the tallest building in Boston at the time, the Church of the Covenant. His involvement in the college at the time of political unrest provided the college with financial stability in the financial panics of the 1870s. He repeatedly pulled the college out of financial ruin. As an early benefactor of Bates College, he was a close adviser to Cheney, suggesting that the college be located in a central point in Maine. He envisioned a college that was based in “freedom, civil rights, and the importance of a higher education for all who could benefit from it.”".
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- Q4888499 signature "Benjamin_Bates signature founder of Bates COllege.jpg".
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- Q4888499 birthDate "1808-07-12".
- Q4888499 birthPlace "Mansfield, Massachusetts, U.S.A.".
- Q4888499 deathDate "1878-01-14".
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- Q4888499 name "Benjamin E. Bates".
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