Quantcast
Free Trial!
Today’s Best Stocks To Trade!  Click Here


 

Robert Wilson: Age 88 Businessman, financial adviser counseled Rockefeller family, served as president of two investment firms.

Tue. July 22, 2008; Posted: 06:38 AM
Stocks RSS
7 Stocks You Need To Know For Tomorrow -- Free Newsletter
Jul 22, 2008 (The Baltimore Sun - McClatchy-Tribune Information Services via COMTEX) -- PEO | Quote | Chart | News | PowerRating -- Robert J.M. Wilson, former president of Adams Express Co. and of Petroleum & Resources Corp., who as a youth participated in the historic Fahnestock Expedition to the South Pacific, died of pneumonia Wednesday at the Charlestown Retirement Community. He was 88.

Mr. Wilson was born in Millbrook, N.Y., and was raised in Greenwich, Conn., and Rumson, N.J. He was a 1938 graduate of the Choate School and earned a bachelor's degree in sociology at Yale University in 1942.

"Instead of attending his freshman year at Yale, he joined a yearlong expedition to the South Seas on the Fahnestock Expedition," said his daughter, Olivia Wilson Welbourn of Owings Mills.

The expedition began in February 1940, when brothers Bruce and Sheridan Fahnestock and a 17 member crew departed from New York Harbor aboard the Director II, a three-masted, 137-foot schooner, for the South Pacific.

During the next nine months, they visited American Samoa, Fiji, French Polynesia, New Caledonia and Australia, recording in film and on records native music and dance and collecting bird specimens for the American Museum of Natural History in New York City.

"The recordings brought back from the expedition were the first electronic recordings made in Oceania and are among the last field recordings made there before World War II changed the ancient cultures of the region forever," Mrs. Welbourn said.

Fearful of a mainland attack by the Japanese, the Australian Navy confiscated the Director II's charts. Forced to use charts that were out of date, the vessel struck the Great Barrier Reef and sank in the late fall of 1940.

From 1942 to 1946, Mr. Wilson served as a captain in the Army Transportation Corps in the South Pacific and was in charge of small ships that transported military supplies.

He returned to New York City and went to work as a security analyst for Union Securities Corp. In 1949, he became a senior analyst for the Tricontinental Corp., a diversified closed-end investment management company.

Mr. Wilson was president of the Surveyor Fund from 1963 to 1972, when he became a senior financial adviser to the Rockefeller family. In 1975, Mr. Wilson became president of Adams Express Co. and of Petroleum & Resources Corp., and the next year, relocated the two investment management companies to Baltimore from New York City.

Mr. Wilson was president of both companies until retiring in 1986. He was a director of both companies from 1975 until 2006.

"Bob brought many years of investment experience to Adams Express Co., and it meshed extremely well with the company's investment philosophy," said Joseph M. Truta, current president of Adams Express Co.

"He was very affable man and a mentor who was willing to share his investment wisdom," Mr. Truta said. "He always stressed prudence."

He was a member of the Society of Security Analysts and was a member and former chairman of the Association of Publicly Traded Investment Companies. He also had been a member of the advisory investment committee of the Maryland State Retirement Systems.

Mr. Wilson, who had lived in Ardsley-on-Hudson, N.Y., and Gibson Island, had lived at the retirement community for the past five years.

Mr. Wilson, who enjoyed sailing, was a former member of the Gibson Island Club, Shelter Island Yacht Club and the New York Yacht Club. He had also been a member of the Maryland Club.

At Mr. Wilson's request, no services will be held.

Also surviving are his wife of 56 years, the former Yvette Laneres; two sons, R.J. Montgomery Wilson Jr. of Reading, Mass., and Geoffrey L. Wilson of Poughkeepsie, N.Y.; and six grandchildren.

fred.rasmussen@baltsun.com

To see more of The Baltimore Sun, or to subscribe to the newspaper, go to http://www.baltimoresun.com. Copyright (c) 2008, The Baltimore Sun Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.

For full details for ADX click here.
Morning Coffee with TradingMarkets -- Free Newsletter

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Most Popular News
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2008 The Connors Group, Inc.