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Charles Yerkes, US financier

Charles Yerkes, US financier

C021/5773

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Credit

EMILIO SEGRE VISUAL ARCHIVES / AMERICAN INSTITUTE OF PHYSICS / SCIENCE PHOTO LIBRARY EMILIO SEGRE VISUAL ARCHIVES / AMERICAN INSTITUTE OF PHYSICS / SCIENCE PHOTO LIBRARY

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Editorial use only.

Caption

Charles Tyson Yerkes (1837-1905), US financier. Yerkes had a controversial background, serving a prison sentence for speculating with public money on the stock markets. He later rebuilt his fortune and in the 1880s and 1900s helped finance public transit systems in Chicago and London. In the 1890s, he helped finance an observatory named after him. The Yerkes Observatory was founded in 1897 by US astronomer George Ellery Hale. Yerkes donated nearly $300,000 to the University of Chicago to fund the observatory, located in Williams Bay, Wisconsin, USA. The 36-kilometre-wide Yerkes crater on the Moon is named in his honour.

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