"John W. Gates" redirects here. For The New York politician, see John W. Gates (New York politician).
John Warne Gates
Gates circa 1900
Born
(1855-05-18)May 18, 1855
West Chicago, Illinois
Died
August 9, 1911(1911-08-09) (aged 56)
Paris, French Third Republic
Resting place
Woodlawn Cemetery, New York City
Other names
"Bet-a-Million"
Education
North Central College, Wheaton College
Occupation
Industrialist
Known for
Selling of barbed wire, gambling
Spouse
Dellora Baker (m. 1874)
Signature
John Warne Gates (May 18, 1855 – August 9, 1911), also known as "Bet-a-Million" Gates, was an American Gilded Age industrialist and gambler. He was a pioneer promoter of barbed wire. He was born and raised in what is now West Chicago, Illinois. He did not enjoy farm life and began offering neighbors various business propositions at an early age, including the sale of firewood to homes and to the local railroad. When he started a local grain brokerage that failed, Gates began spending time at the local railroad station and became reacquainted with the men he previously sold firewood to. He was invited to join their poker games and through this, Gates' aptitude for cards and other games of chance was developed.
After studying penmanship, bookkeeping and business law in North Central College (by then Northwestern College),[1] he failed as an owner of a local hardware store. Gates became interested in barbed wire and became a salesman for the Washburn-Moen Company. When he was assigned to the Texas sales territory, he learned that ranchers were adamant about not buying his product. Gates staged a demonstration of the wire in San Antonio's Military Plaza with charging cattle failing to break the barbed wire fences he had set up. He then proved very successful in selling the company's product, and went on to start his own barbed wire manufacturing business, which eventually led to the production of steel. In the process, his company was purchased by J. P. Morgan's U. S. Steel. Gates was not invited to become part of the company, and he fought back at Morgan for many years through a series of business acquisitions and sales; both men were key figures in the Panic of 1907.
Gates was the president of Republic Steel and of the Texas Company, later known as Texaco. He was instrumental in changing the steel industry's production methods from the Bessemer process to the open hearth process and in building the city of Port Arthur, Texas.
^"John Warne Gates". Texas State Historical Association. p. 1. Archived from the original on March 8, 2016. Retrieved January 8, 2016.
1914. He was the son of JohnWarneGates, also known as "Bet-a-Million" Gates. Charles Gilbert Gates was the son of JohnWarneGates, a manufacturer of barbed...
renamed the company I.L Ellwood & Company of DeKalb. In the late 1870s, JohnWarneGates of Illinois began to promote barbed wire, now a proven product, in...
of barbed-wire industrialist and robber baron JohnWarneGates, better known as "Bet-a-Million" Gates for his gambling excesses. In the early 20th century...
Back to the Future Part III is either based on Joseph F. Glidden or JohnWarneGates who was a pioneer promoter of barbed wire. He is played by Richard...
oil industrialist and business man. In 1901, Schlaet, with Jim Hogg, JohnWarneGates, and Joseph S. Cullinan, founded the Texas Fuel Company, predecessor...
the Texas Company, predecessor to Texaco, with Joseph S. Cullinan, JohnWarneGates, and Arnold Schlaet. Jim Hogg's popularity extended beyond Texas, particularly...
the "Texas Fuel Company" in 1902, by Jim Hogg, Joseph S. Cullinan, JohnWarneGates, and Arnold Schlaet. On 1 May 1902, the Texas Company was formed from...
redevelopment, Black and Beinecke approached barbed-wire entrepreneur JohnWarneGates, who agreed to fund the project on the condition that Frederic Sterry...
that the twenty articles had been ghostwritten by journalist Henry Leyford Gates. In the summer of 1921, Munson conducted a nationwide search, carried by...
Oregon Cattleman Robert A. Funk Sr. 1940 2023 Oklahoma Businessman JohnWarneGates 1855–1911 1972 At Large Promoter; Speculator; Industrialist Edward...
Sheldon, P. F. Shoemaker, and W. K. Vanderbilt Jr. Charles E. Mitchell JohnWarneGates "New Trust Company Formed; Ex-Controller Fitch to be Its President...
1899, the KCPG was thrown into receivership by one of its financiers, JohnWarneGates, over an unpaid printing bill. Stilwell was out, but the discovery...
his work on stellar nucleosynthesis; in Pittsburgh (d. 1995) Died: JohnWarneGates, 56, American financier who went from a salesman of barbed wire to...