Thomas Mellon Evans

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Thomas Mellon Evans
BornSeptember 8, 1910
Pittsburgh, Pennsylvania, U.S.
DiedJuly 17, 1997 (1997-07-18) (aged 86)
New York City, U.S.
EducationShady Side Academy,
Yale University
Occupation(s)Financier, racehorse owner and breeder
Political partyRepublican
Board member ofEvans & Company, Evans Broadcasting Corp., H.K. Porter, Inc., Crane Co., National Museum of Racing
Spouses
Elizabeth Jane Parker
​
​
(div. 1953)​

2) Josephine Schlotman Mitchell (1953–1977)
  • 3)
Betty Blackmond Barton Ready Loomis
​
​
(m. 1977)​
Children3, including Edward P. Evans

Thomas Mellon Evans (September 8, 1910 – July 17, 1997) was an American

financier who was one of the country's early corporate raiders,[1] as well as a philanthropist and Thoroughbred racehorse owner and breeder who won the 1981 Kentucky Derby and Preakness Stakes.[2]

Pioneer takeover specialist

Born James Evans in

Andrew W. Mellon.[3] Orphaned as a young boy, Thomas was sent to stay with his mother's relatives in Tennessee before returning to Pittsburgh to live with his mother's sister. She and her husband were affluent enough to provide Thomas with a quality education and he graduated from the Shady Side Academy private school in 1927 [4] and Yale University in 1931.[5]

For a few years after finishing university, Thomas Evans held a clerical job at Gulf Oil, owned at the time by the Mellon family. Ambitious, he saved as much money as he could from his salary and together with a small inheritance, set out on his own. In 1939, he was able to purchase the bankrupt H.K. Porter, Inc., a manufacturer of light-duty railroad locomotives that he would diversify into the steel, hardware, and construction material business before converting the company into a holding corporation that would, during Evans time, take over more than eighty United States companies.[6]

Among his major acquisitions was the 1959 takeover of

Chairman of the Board and Chief executive officer
of the company. [7] As of the end of 2011, his son Robert is Chairman of the Board of Crane Co.[8] and remains the largest individual shareholder in the company.[9]

The July 23, 2000, edition of the

ISBN 0684833999
– Library of Congress Online Catalog).

Buckland Farm

In 1956, Evans bought a 495-acre cattle farm in Gainesville, Virginia, and converted it to a Thoroughbred breeding operation under the name Buckland Farm. The farm was managed and directed by Don M. Robertson, General Manager of the farm and a Vice President of its incorporation. Robertson, a Central Kentucky native whose family heritage consisted of a long line of excellent Thoroughbred horsemen, chose the matches between stallions and mares for Buckland Farm. It was Robertson who produced the winning bloodlines for the farm, including Pleasant Colony.[11] During Evans' years in racing, trainers who conditioned his horses included John Campo, Ángel Cordero Jr., LeRoy Jolley, Ross Pearce, and Christopher Speckert.

In addition to

American Champion Older Male Horse, Pleasant Tap
.

Thomas Evans was a member of the board of directors of the

The Jockey Club, the Thoroughbred Owners and Breeders Association, and the Virginia Thoroughbred Association. In 1993, he was inducted into the Virginia Thoroughbred Association Hall of Fame.[12]

Sons Edward and Robert became significant owners and/or breeders of Thoroughbred racehorses, with Robert owning the 2014 Belmont Stakes winner Tonalist, a grandson of Pleasant Colony.[13][14][15]

References

  1. ^ Yale University reprint of January 5, 2011 Washington Post article
  2. ^ Sports Illustrated – May 3, 1981
  3. ^ The White Sharks of Wall Street: by Diana B. Henriques
  4. ^ Pittsburgh Press – June 17, 1927
  5. ^ Sarasota Herald-Tribune – July 19, 1997
  6. ^ Pittsburgh Post-Gazette – July 23,2000
  7. ^ Wall Street Journal – April 29, 1959
  8. ^ Crane.co website
  9. ^ Yahoo Finance – retrieved November 22, 2011
  10. ^ Pittsburgh Post-Gazette – July 23,2000
  11. ^ New York Times – July 18, 1997
  12. ^ Virginia Thoroughbred Association Hall of Fame Archived 2012-02-20 at the Wayback Machine
  13. ^ "No Triple Crown as Tonalist wins Belmont; California Chrome 4th". NY Daily News. 8 June 2014. Retrieved 2016-05-17.
  14. ^ "Family ties run deep for Belmont winner Tonalist, owner Evans". Daily Racing Form. Retrieved 2016-05-17.
  15. ^ Wertheim, Jon (27 April 2021). "Pleasant Colony and the Crown of Thorns". Sports Illustrated. Sports Illustrated. Retrieved 2 May 2021.
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