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Updated: June 26, 2025
When the Ring absconded I was asked by William C. Havemeyer, then the Mayor of New York, to become a trustee, in order to investigate the expenditures, and to report as to the propriety of going on with the work. This duty was performed without fear or favor.
Zuloaga, the Spaniard, has several; Degas, two; the critic Duret, two; John S. Sargent, one a St. Martin. Durand-Ruel once owned the Annunciation, but sold it to Mrs. H.O. Havemeyer, and the Duveens in London possess a Disrobing of Christ. At the National Gallery there are two. Gautier wrote that El Greco surpassed Monk Lewis and Mrs.
One of the great industries of the country is that of sugar refining, and it is inseparably connected with the name of Havemeyer, for to the Havemeyers is due its development and its formation into a so-called trust, which practically controls the market, and which has won great wealth for its organizers.
Such a radical step was unanimously opposed by the United States Industrial Commission in 1900, and by nearly all their expert witnesses, and was then, at least, only favored by the heads of the great trusts, Mr. Archbold, Mr. Rockefeller, and Mr. Havemeyer.
He sought the co-operation of the owners of the greatest private art galleries in the country: J. Pierpont Morgan, Henry C. Frick, Joseph E. Widener, George W. Elkins, John G. Johnson, Charles P. Taft, Mrs. John L. Gardner, Charles L. Freer, Mrs. Havemeyer, and the owners of the Benjamin Altman Collection, and sought permission to reproduce their greatest paintings.
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