John W. Campbell (financier)

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For other people named John Campbell, see John Campbell (disambiguation).

John Williams Campbell (1880–1957) was a millionaire American financier and railroad executive. He kept an office at Grand Central Terminal in New York City, which was later converted into a bar called the Campbell Apartment, a popular gathering spot for commuters and others after work.

Biography[]

Campbell was the son of John H. Campbell, the treasurer of Credit Clearing House, a credit-reference firm specializing in the garment industry. The younger Campbell had two sisters and an older brother. The family lived on Cumberland Street, in the affluent Brooklyn neighborhood known as The Hill, now called Fort Greene.

Having never attended college, Campbell started work at 18 at his father’s firm, where he became a senior executive at 25 and later president and chairman. In 1941, Credit Clearing House merged with Dun & Bradstreet.

He married the former Rosalind D. Casanave, nicknamed Princess, who was once listed in The New York Times as a "patroness" of a "Monte Carlo party and dance" at the Westchester Country Club.[1]

In 1920, at the age of 40, Campbell was appointed to the board of New York Central Railroad, where he crossed paths with William Kissam Vanderbilt II, the railroad scion whose office was in Grand Central Terminal. It is probable that Vanderbilt showed Campbell the space. Campbell became chairman of the board of the Hudson and Manhattan Railroad, keeping the position until he died in 1957.[1]

Office in Grand Central[]

Main article: Campbell Apartment
Campbell's office c. 1926

Like other successful tycoons of the day, Campbell demanded a grand office, one convenient to his clients and close to the railroad so he could commute, first from a nearby apartment at 270 Park Avenue, and later, from the Westchester Country Club to the north. To satisfy these needs, he leased 3,500 square feet (330 m2) of space from Grand Central Terminal. It was a single room 60 feet (18 m) long by 30 feet (9.1 m) wide with a 25-foot (7.6 m) ceiling and an enormous fireplace in which he kept a steel safe.

In 1923, Campbell commissioned Augustus N. Allen, an architect known for designing estates on Long Island and townhouses in Manhattan, to build an office in the leased space in Grand Central. He transformed a room into a 13th-century Florentine office with a hand-painted plaster of Paris ceiling and leaded windows. He installed 19th-century Italian chairs and tables, an art collection worth more than $1 million ($15,189,453 today[2]), and a massive desk from which he conducted business. One of the most striking features was a Persian carpet that took up the entire floor and was said[by whom?] to have cost $300,000. Campbell added a piano and pipe organ, and at night turned his office into a reception hall, entertaining 50 or 60 friends who came to hear famous musicians play private recitals.[1]

After Campbell's death in 1957, the rug and other furnishings disappeared from his office and the space eventually became a signalman's office and later a closet at Grand Central, where transit police stored guns and other equipment. It also held a small jail, in the area of the present-day bar. The room was restored in 1999 and turned into a bar, today called The Campbell.

References[]

  1. ^ a b c Ramirez, Anthony (March 5, 2007). "Threadbare to Quite Posh, in Just 12 Hours". The New York Times. Retrieved 2011-11-12.
  2. ^ 1634–1699: McCusker, J. J. (1997). How Much Is That in Real Money? A Historical Price Index for Use as a Deflator of Money Values in the Economy of the United States: Addenda et Corrigenda (PDF). American Antiquarian Society. 1700–1799: McCusker, J. J. (1992). How Much Is That in Real Money? A Historical Price Index for Use as a Deflator of Money Values in the Economy of the United States (PDF). American Antiquarian Society. 1800–present: Federal Reserve Bank of Minneapolis. "Consumer Price Index (estimate) 1800–". Retrieved January 1, 2020.
  • The Chief Executive, "From Corner to Community: Transformation of CEO Office Space," by Margie Goldsmith (August 2001)
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