Leslie Freeman Gates

Leslie Freeman Gates (December 21, 1873 – October 18, 1928) was an American businessman mainly involved in the grain trade who served as a director of the Chicago Board of Trade from 1911 to 1919 and its president from 1919 to 1920.[1]

Leslie F. Gates
Born(1873-12-21)December 21, 1873
Canton, Pennsylvania
DiedOctober 18, 1928(1928-10-18) (aged 54)
Battle Creek, Michigan
NationalityAmerican
EducationLafayette College
OccupationBusinessman
Known forPresident of Chicago Board of Trade 1919–1920

Biography

Gates was born in Canton, Pennsylvania on December 21, 1873 where he began his education at the Susquehanna Collegiate Institute in Towanda. He then attended Lafayette College where he was a member of Delta Upsilon, and graduated in 1897. Gates' first job was with Harper and Brothers in New York City where he worked for one year before being transferred to its Chicago branch for two more years.[2] In 1899 he was made the assistant manager to the Chicago branch of D. Appleton & Company and within a short amount of time was promoted to manager.[1] As manager, Gates increased the reach of D. Appleton to much of the mid-west.[2]

In 1906 Gates joined the Lamson Brothers and Company where he became acquainted with the Chicago Board of Trade. He joined the board as a director starting in 1911 and became its president in 1919, becoming reelected in 1920.[3][4] Gates was requested to run for a third term but declined, instead choosing to retire from the grain industry.[5] Despite leaving the industry, Gates took a stand against the Grain Futures Act of 1922, claiming it would "paralyze the present grain marketing machinery without providing an adequate substitute."[6]

For the final years of Gates' career he served as president of the Laurel Book Company in Laurel, Indiana, and the secretary and treasurer of the Aberdeen Elevator Company.[1]

Dedications

Gates was known for his charities and philanthropies towards young students hoping to attend college. He was a trustee for Lafayette College, his alma mater, and New Trier High School, and both institutions chose to dedicate areas on their campuses in his honor.[2]

In 1928, the year of Gates' death, New Trier High School constructed a new gymnasium that was dedicated to his nine years spent on the board of the school.[7]

On June 8, 1929 Lafayette College announced they would be constructing a new dormitory on campus in dedication of Gates' many years as a trustee to the college.[8] The first cornerstone of the building was laid on the college's Founder's Day on October 17, 1930,[9][10] and the building was dedicated on May 20, 1931 as Gates Hall.[11]

Personal life

Gates married Josephine Lamson on December 21, 1903, shortly before he joined the Lamson Brothers and Company. Together they had one daughter, Helen Gates.[12]

He died on October 18, 1928 in Battle Creek, Michigan following a coronary thrombosis.[13]

References
  1. Who's who in Finance, Banking, and Insurance. Who's Who in Finance, Incorporated (N.Y.). 1922. p. 262. Retrieved November 18, 2017.
  2. "Leslie Freeman Gates Dies of Heart Attack". Wilmette Life. October 26, 1928. Retrieved November 18, 2017.
  3. "Leslie F. Gates New President Board of Trade". The Chicago Daily Tribune (Vol. LXXVIIL, No. 6). January 7, 1919. Retrieved November 18, 2017.
  4. "Chicago Honors Leslie Gates". Elmira Star-Gazette. 12 (167). January 16, 1919. Retrieved November 18, 2017.
  5. "Joseph P. Griffin is Elected to Succeed Leslie F. Gates". Salina Evening Journal. 36 (2). January 3, 1921. Retrieved November 18, 2017.
  6. "Enactment of Capper-Tincher Grain Futures Bill Not Wanted". Corsicana Daily Sun (Vol. XXIII, No. 131). January 13, 1921. Retrieved November 18, 2017.
  7. Crumley, Nora (February 23, 2015). "A history of Gates Gym". New Trier News. Retrieved November 18, 2017.
  8. "Dormitory in Honor of L. F. Gates at Lafayette". The Pittsburgh Press. June 9, 1929. Retrieved November 18, 2017.
  9. "Lafayette to Observe Founders' Day Tomorrow". The Wilkes-Barre Record. October 16, 1930. Retrieved November 18, 2017.
  10. "Leslie F. Gates' Life reflects his Right to Honor conferred today". The Lafayette. 57 (7). October 17, 1930.
  11. "Lafayette Dedicates New Building Today". The Courier-News. May 20, 1931. Retrieved November 18, 2017.
  12. "Alumni Personals". The Lafayette (Volume XXX, Number 14). January 22, 1904. Retrieved November 18, 2017.
  13. The American Elevator and Grain Trade (Volume XLVII, Number 5 ed.). Mitchell Brothers Publishing Company. November 15, 1928. Retrieved November 18, 2017.
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