Marshall Field III
American businessman (1893–1956)
Marshall Field III (September 28, 1893 – November 8, 1956) was an American investment banker, publisher, racehorse owner/breeder, philanthropist, grandson of businessman Marshall Field, heir to the Marshall Field department store fortune, and a leading financial supporter and founding board member of Saul Alinsky's community organizing network Industrial Areas Foundation.
Early life
Born on September 28, 1893 in Chicago, Cook County, Illinois, he was the son of Albertine Huck, daughter of German businessman Louis Carl Huck, and Marshall Field II. He was raised primarily in England, where he was educated at Eton College and the University of Cambridge.
During a westbound Atlantic crossing aboard the RMS Lusitania in September 1914, Field became enamoured with fellow passenger Evelyn Marshall, and proposed to her before the liner's arrival in New York, less than a week after sailing from England.
In 1917, he joined the 1st Illinois Cavalry and served with the 122nd Field Artillery in France during World War I. He built an estate in 1925.
Career
On his discharge after the war, Field returned to Chicago where he went to work as a bond salesman at Lee, Higginson & Co. After learning the business, he left to open his own investment business. A director of Guaranty Trust Co. of New York City, he eventually teamed up with Charles F. Glore and Pierce C. Ward to create the investment banking firm of Marshall Field, Glore, Ward & Co. In 1926, Field left the firm to pursue other interests.
Already a recipient of substantial money from the estate of his grandfather Marshall Field, on his 50th birthday he inherited the bulk of the remainder of the family fortune.
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