Business and Labor

The Texas-Size Story of William Marsh Rice

On September 23, 1900, William Marsh Rice lay down to sleep, and he would never wake up again. His stomach was upset from medication he had been given, and at five-foot-four and weighing 90 pounds, he was an easy target for Charles Jones, his valet and quasi-secretary. Jones clamped a rag soaked with chloroform over the 84-year-old Rice’s face and killed him. The murder ended a rather remarkable life that began from humble beginnings in Springfield, Mass., and wound through Texas and back to Manhattan, where Rice was murdered by Jones and A.T. Patrick, one of his lawyers.

William marsh RicePatrick and Jones has been plotting for months, looking for a way to get at Rice’s fortune, and when they killed him they thought they had succeeded. In the end, however, police uncovered the plot to murder Rice and steal his estate. Ultimately the money went to establish Houston’s Rice University, which is named for the Massachusetts entrepreneur, but not without a lot of effort and misery.

William Marsh Rice was born in Springfield in 1816. His father David worked at a forging shop at the Springfield Armory making rifle barrels and bayonets. His mother Patty was busy raising their family, which consisted of 10 children (William was second oldest).

David was active in town and church affairs, serving as tax assessor and donating land for the Methodist Church, of which he and Patty were avid supporters. William was named for a Methodist Minister, William Marsh.

As a child, William was not much of a student, himself, and he left school at 15 to clerk in a grocery store that was run by a retired whaling captain. It was here that he began mastering the art of making money. Within three years, he had established his own store. He was so young that his father needed to co-sign for him to start the business, but William soon made it a success, racking up $2,000 to his name.

In 1838, like many young men seeking their fortunes, Rice headed west for Texas. His first forays in business there were troubled, as he tried to establish a store and lost a shipment of goods to bad weather. And later a speculative bubble caused a recession that dampened the economy. But soon, Marsh was prospering. He sold a little bit of everything and had his hand in many businesses, shipping cotton, starting a railroad, loaning money for mortgages, buying and selling land and timber, making bricks, running a hotel and refining vegetable oil all contributed to his fortune.

By 1860, he was probably the second wealthiest man in Texas, with a fortune of $750,000.  The William M. Rice and Company name was becoming well known. Though he was no opponent of slavery (he owned several at one point that he received as payment for debts), he never owned a plantation because he didn’t like the boom and bust of cotton prices. Rice most likely opposed the Civil War, seeing it as harmful to trade.

Following the war, his railroad and other business interests began expanding rapidly and he dabbled in selling insurance. But he also saw another change sweeping the country. Just as going west had made sense in the 1830s, he recognized that following the war the northern finance interests were going to have much greater influence in the south.

In addition, a Yankee in the south was always suspect in the harsh years that followed the Civil War. So Rice removed himself from Texas and moved to New York in 1866. It was also the occasion of his second marriage.

Rice had two marriages. His first wife Margaret Bremond died in 1863. His second, Elizabeth Brown, died in 1896. And it was her death that ultimately would lead to his own.

The Rices were childless, and William had planned for years to leave a share of his fortune to an orphanage in his adopted home state of New Jersey and the bulk of it to establish Rice University.

But in the last year of her life, Elizabeth suffered several strokes. During this time, she met an unscrupulous lawyer and signed a will that was separate from William’s and unknown to him. The will would have distributed parts of the estate to family, as well as the orphanage, and provided for 10 percent payment to the lawyer to distribute the funds.

It wasn’t until after she died that William learned of the will, and a court battle ensued in Texas to invalidate it on the grounds that Elizabeth was not a resident of Texas, as the will claimed. It’s not clear how much of the will was Elizabeth’s idea and how much was the lawyer’s, but it seems unlikely she would have claimed Texas as her residence.

With the lawsuits underway, Rice returned to New York from Texas. But before he left he hired a new valet, Charles Jones. It was in New York that Jones began to scheme to get part of the Rice fortune for himself. Patrick, a local lawyer, managed to ingratiate himself with Rice, probably with Jones’ assistance, and the two began manipulating the old man, all the while slowly poisoning him with mercury.

Then in September of 1900, the two men saw their chance. Patrick had already forged a will that left the Rice estate to himself. But he didn’t know how much Rice actually was worth. That month a hurricane and fire destroyed a vegetable oil plant that Rice owner in Louisiana, and Rice determined to use his available cash to rebuild it. He had checks drawn up for $180,000 to pay for reconstruction.

The size of the amount alarmed Jones and Patrick, and they managed to get Rice to sign the checks, but made them out to pay the funds to Patrick. Soon after, they murdered Rice.

The scheme began falling apart almost immediately. Among other problems, Jones had misspelled Patrick’s name on one check, and when Patrick attempted to cash them, the bank decided to investigate before making payment.

When it came to light that Rice had died, suspicions grew. And then Patrick produced the forged will.

As police began asking more questions, Jones learned about the content of the will – including the fact that he was not named in it, just Patrick. When he learned this, he began cooperating with prosecutors and the story was told.

Throughout his life, William Marsh Rice sent money and gifts to his Massachusetts family, at one point buying his parents a house. He visited often, but his heart was not in Massachusetts, nor in New York, but in Texas where he had made his fortune.

Lawyers for the budding university successfully wrestled his estate from not one but two sets of lawyers who had tied to abscond with it. By the end, more than $1 million was spent on legal fees. But $4.6 million remained to found the university of Rice’s dreams.

As for the men who killed him, in exchange for his testimony Jones was allowed to return to Texas. Years later he would kill himself.

Patrick was sentenced to death, but would escape death. His sentence was commuted to life in prison and later his wealth family managed to win him a pardon. He ended his life practicing law for an oil company.

1 Comment

1 Comment

  1. Jordan Ambargis

    February 19, 2014 at 9:50 am

    Never can trust lawyers but you have to like good people doing good things.

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