Thomas Rowe Price, Jr.
| Thomas Rowe Price, Jr. | |
|---|---|
| Born |
March 16, 1898 Glyndon, Maryland |
| Died | October 20, 1983 (aged 85) Baltimore, Maryland |
| Resting place | Druid Ridge Cemetery, Baltimore, Maryland |
| Occupation | investment banker, businessman, T. Rowe Price |
| Spouse(s) | Eleanor Baily Gherky Price (m. 1927-1981; her death) |
| Children |
|
| Relatives | first cousin, S. Duncan Black, founder of Black and Decker |
Thomas Rowe Price, Jr. (1898 March 16–1983 October 20) was the founder of T. Rowe Price, an American publicly owned investment firm, established in 1937 and headquartered in Baltimore, Maryland. The company offers mutual funds, subadvisory services, and separate account management for individuals, institutions, retirement plans, and financial intermediaries.
Price was born on March 16, 1898 to Dr. Thomas Rowe Price, Sr. and Ella Stewart Black, in Glyndon, Maryland a short distance from Baltimore. His father was a graduate of the University of Maryland School of Medicine, as was his grandfather Dr. Benjamin F. Price. Thomas, Sr. served as a surgeon for the Western Maryland Railroad for many decades as well as a local "country doctor" for Glyndon, and was the attending physician at the birth of his own children. Price's mother Ella was the daughter of Samuel Black, a prominent builder and contractor in Baltimore, and the aunt of S. Duncan Black, one of the two founders of the electric tool company Black and Decker based in Towson, Maryland.
Price attended the Glyndon School in Glyndon, Maryland, as well as Franklin High School in what is now Reisterstown, Maryland and, briefly, the Friends School of Baltimore. In 1919, he received a bachelor's degree in chemistry from Swarthmore College, where he was a member of the Delta Upsilon fraternity. In 1927, Price married Eleanor Baily Gherky, originally of Philadelphia, Pennsylvania, who was then attending Goucher College in Baltimore. Eleanor's father, William D. Gherky, was an inventor and engineer who had been a "former research associate of Thomas Alva Edison" and had helped to convert major American cities such as New York, Boston, Chicago, Columbus, Philadelphia, and Baltimore from gas and steam power to electricity. Together, they had two sons.
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