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LORD COWDRAY EXPOSED- THE MASTER BUILDERS
Weetman Pearson, 1st Viscount Cowdray
Personal details
Born- 15 July 1856
Pearson was born at Shelley, Woodhouse, Yorkshire,
the son of George Pearson and Sarah Weetman Dickinson.
Nationality-British
Political party-Liberal
Spouse-Annie Pearson, Viscountess Cowdray
Weetman Pearson
Bio
Weetman Dickinson Pearson, 1st Viscount Cowdray,
GCVO, PC (15 July 1856 – 1 May 1927), known as
Sir Weetman Pearson, Bt, between 1894 and 1910
and as The Baron Cowdray between 1910 and 1917,
was a British engineer, oil industrialist,
benefactor and Liberal politician.
He was the owner of the Pearson conglomerate.
Business career
The Pearson firm, started by his grandfather Samuel
in 1844 and today known as a publishing house,
initially focused on construction. He took over
the company in 1880, eventually moving the
headquarters from Yorkshire to London.
An early proponent of globalization, S. Pearson & Son
built the Admiralty Harbour at Dover, docks in Halifax,
tunnels, railways and harbours around the world, and
the Sennar Dam in Sudan.
Mexican Eagle Petroleum Company
In 1889, Porfirio Diaz, the President of Mexico, invited
Pearson to his country to build a railroad—the Tehuantepec
Railway—from the Atlantic to the Pacific Ocean. On one of
Pearson's trips to Mexico, Pearson missed a rail connection
in Laredo, Texas and was obliged to spend the night in the
town which, according to Pearson, was "wild with the oil craze"
from the recent discovery of oil at Spindletop. After doing
some quick research that night about oil seepages in Mexico,
Pearson began acquiring prospective oil lands in Laredo,
thinking he could use discovered oil to fuel the Tehuantepec
Railway he was helping President Diaz build.
After nine years of relative unsuccess Pearson fired the
English consulting geologists he had been using, and hired
Americans formerly employed by the U.S. Geological Survey.
One year later, Pearson began making major oil strikes,
beginning with Potrero del Llano 4, which flowed at 110,000
barrels a day and was considered the biggest oil well in the world.
In 1911, President Diaz was overthrown, and the Mexican Revolution began.
The associated violence and turmoil had a negative effect on foreign
investors in Mexico's oil industry. In October 1918 Calouste Gulbenkian
offered, on behalf of the Royal Dutch Shell, to buy a substantial portion
of Mexican Eagle stock and take over its management.
Pearson agreed to the buyout.
Died
1 May 1927
Lord Cowdray died in his sleep at Dunecht House, Aberdeenshire on
1 May 1927,age 70.He was succeeded by his eldest son, Harold.
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