Richard Saltonstall |
| Posted 2019-12-27 by Pat R |
| Wickenburg Sun (Wickenburg, Arizona) Thursday, May 13, 1982, p. 3 Richard Saltonstall dead at age of 84 Richard Saltonstall of Charlescote Farm in Sherborn, a Boston investment manager, trustee and partner on the State Street Research & Management Co., died on his farm on May 5. He was 84. The younger brother of the late Leverett Saltonstall, former US Senator and governor of Massachusetts, Mr. Saltonstall had been in failing health for several months, suffering from respiratory problems. He had returned three weeks ago from his winter home in Wickenburg. Prominent not only in the realm of finance and philanthropy, but in New England agricultural circles as well, Mr. Saltonstall was a blue-blooded gentleman farmer of the old school. His Charlescote Farm, located on more than 200 acres of rolling land, has been a model for more than 60 years in the scientific breeding of all sorts of prize-winning livestock from Guernsey cows and Hereford beef cattle to Rhode Island red hens, Suffolk sheep, silver foxes, high-blooded horses, pigs, dogs, goats, geese and turkeys. In the 1920's he re-established faith in the New England turkey when it was generally thought by the farm block that turkeys could not be raised successfully in the region. Working closely with scientific experts at Harvard Medical School on disease control he reared and sold about 1800 gobblers a year. Moreover, he made money at it. In addition, his pedigreed Rhode Island Reds, numbering some 1500, fluttered off with top prizes at various egg-laying contests, and one of his selectively bred Guernseys set a world record in milk production. In 1924, Mr. Saltonstall formed a partnership with Paul Cabot and the late Richard Paine to manage the State Street Investment Corporation, believed to be the first mutual investment trust in the country. It became one of Boston's most successful investment trusts. They started with an original investment of $30,000 each. In 1980 the firm managed a $4-billion portfolio. He served as its vice president more than half a century. In addition, he served as a director of the Federal Street Fund, INA Corp., the State Street Bank and Trust Co. (and a predecessor institution, the Second National Bank). the Electric Bond and Share Co., Central Aguirre Sugar Co. and the Insurance Co. of North America. He leaves his daughter, Sally Willis of Sherborn, and 10 grandchildren. See Also: Find A Grave |
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