James R. Keene
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James Robert Keene born 1838 - January 3, 1913 was a Wall Street stock broker and a major thoroughbred race horse owner and breeder.
Born in London, UK, he was fourteen years of age when his family emigrated to the United States. As a young man, James R. Keene made a fortune through shrewd investments in California mining companies and was eventually appointed president of the San Francisco Stock Exchange. Wanting to expand his business opportunities, in the late 1870s he relocated to the heart of the country's financial center in New York City. While living there, he became interested in horse racing and began investing heavily in a stable of Thoroughbred race horses. His colt Spendthrift won the 1879 Belmont Stakes, and after Pierre Lorillard had shipped some of his American-bred horses to race in England and became the first American owner to win the Epsom Derby, James R. Keene followed suit. In 1881, his horse Foxhall, named for his son, became the first American horse to win the Grand Prix de Paris, then the most important race in France. The following year Foxhall won England's Ascot Gold Cup.
However, in 1884 huge losses in the Chicago grain market cost James R. Keene everything he owned, leaving him with nothing but heavy debts. He began a remarkable comeback a few years later after being hired by Wall Street investor William Havemeyer to manage a stock fund. Such were his talents at market manipulation that he was soon engaged by J.P. Morgan and William Rockefeller to manage funds for them and Keene emerged once again as a wealthy and powerful force in the New York financial community.
By 1891 James R. Keene was back to investing in race horses and his Castleton Farm near Lexington, Kentucky became one of the most important breeding operations in the history of American horse racing. In the early 1890s, Keene bought over forty English mares and shipped them to Castleton for breeding. Keene hired his brother-in-law, Major Foxhall Daingerfield, to run Castleton Farm and for his racing stable he hired James Rowe, Sr. as trainer. He returned to racing in England, this time involving his son Foxhall R. Keene in the racing stable. Their filly Cap and Bells II won the 1901 Epsom Oaks. In 1908, London Sportsman Magazine wrote that Keene possessed, "the greatest lot of race horses ever owned by one man."
James R. Keene bred National Museum of Racing and Hall of Famer Kingston and owned Domino, as well as breeding and owning future Hall of Famers Colin, Peter Pan, Commando, Maskette, and Sysonby. Keene owned six Belmont Stakes winners but at a time when transporting horses south to other racetracks via railroad was a long, costly, and often risky venture, he never entered his horses in the Kentucky Derby, and won the Preakness Stakes only once.
James R. Keene died in 1913 and was interred in Woodlawn Cemetery in The Bronx. He was vice-Chairman of The Jockey Club at the time of his passing. In 1938 his son Foxhall P. Keene published his biography titled "Full Tilt."
Preakness Stakes winner:
- 1894 : Assignee
Belmont Stakes winners:
[edit] Personalities of Wall Street
See List of personalities associated with Wall Street.
[edit] References
- Bowen, Edward L. Legacies of the Turf: A Century of Great Thoroughbred Breeders (2003) Eclipse Press ISBN 1581501021
- Hatch, Alden and Keene, Foxhall. Full Tilt. The Sporting Memoirs of Foxhall Keene (1938) Derrydale Press ISBN 1199239755
