Malcolm Greene Chace

Malcolm Greene Chace
Born	(1875-03-12)March 12, 1875 Central Falls, Rhode Island
Died	July 16, 1955(1955-07-16) (aged 80) Hyannis, Massachusetts
Resting place	Swan Point Cemetery
Alma mater	Yale University
Occupation(s)	Financier, businessman, tennis player, hockey captain
Known for	director of company that later became Berkshire Hathaway; brought electricity to the northeast US; also sports figure: "father of hockey in the United States"; won U.S. Championships doubles title in tennis
Spouse(s)	Elizabeth Edwards, Kathleen Dunster
Children	Malcolm Greene Chace, Jr.
Parent(s)	Arnold Buffum Chace and Eliza Greene Chace
Tennis career Turned pro 1890 (amateur tour) Retired 1910 Int. Tennis HoF 1961 (member page) Singles Highest ranking No. 3 (1895 U.S. ranking) Grand Slam singles results US Open SF (1894) Doubles Grand Slam doubles results US Open W (1895)

Malcolm Greene Chace (March 12, 1875 – July 16, 1955) was an American financier and textile industrialist who was instrumental in bringing electric power to New England. He was a pioneer of the sport of ice hockey in the United States, and was Yale University's first hockey captain. He was also an amateur tennis player whose highest ranking was U.S. No. 3 in 1895.

Personal life

Chace was born March 12, 1875 in Central Falls, Rhode Island into the illustrious Chace family. Malcolm's great grandfather Oliver Chace was a textile mill owner, whose company later became Berkshire Hathaway. His grandmother was anti-slavery activist Elizabeth Buffum Chace. His parents were Brown University chancellor Arnold Buffum Chace and Eliza Greene Chace. His son, Malcolm Greene Chace, Jr. and grandson Malcolm Greene Chace III also became directors of Berkshire Hathaway.

Chace briefly attended Brown University, but transferred to Yale and graduated from Yale's Sheffield Scientific School in 1896, attaining some fame as a tennis player at both schools. He lived for some time in Providence, Rhode Island, but spent the last 10 years of his life at 60 Sutton Place in New York City and at his summer home in Hyannis, Massachusetts.

Chace's first wife Elizabeth Edwards died in 1947. His second wife Kathleen Dunster (incorrectly reported in his New York Times obituary as "Kathleen Dunbar"), outlived him. He had two sons (Malcolm Greene Chace, Jr. and Arnold B. Chace III) and three daughters.

"Father of ice hockey in the United States"

According to his obituaries, Chace was "credited with having been the father of hockey in the United States." In 1892, while visiting Niagara Falls, Ontario for a tennis tournament, Chace was introduced to Canadian hockey by members of the Victoria Hockey Club. During the winter of 1894-95 Chace put together a team of men from Yale, Brown, and Harvard, and Columbia and played ten games, touring "all the way across" Canada as captain of this team. Upon their return, each of the students established hockey clubs at their respective schools.

In 1896, Chace was captain of Yale's ice hockey team, and on February 14, 1896, played in the first intercollegiate hockey match in the United States against Johns Hopkins University at Baltimore's North Avenue Rink. Yale won the game, 2-1, and both goals were scored by Chace.

Chace played on various other hockey teams over a decade-long career, including the St. Nicholas Hockey Club in New York. He was one of the financial backers of the St. Nicholas Rink.

To honor Chace, Yale created an award in his name, and in 1998 created the position of Malcolm G. Chace Head Hockey Coach. Tim Taylor was the first Yale coach to serve with this title. A portrait of Chace hangs in the Schley Room at Ingalls Rink.

Tennis career

Chace's tennis career started in his childhood. At age 14 he became Rhode Island's youngest state tennis champion, and four times he placed among the top ten amateur tennis players. He was national college champion in 1893, 1894, and 1895.

Malcolm played for both Brown and Yale while still a student. When he graduated from Yale in 1896, he also retired from tennis, but not before setting a record by winning the US Intercollegiate Singles and Doubles titles for three consecutive years (1893–95).

In July 1894 he won the Tuxedo tournament in New York defeating Clarence Hobart in the final in five sets. He successfully defended his title the following year when he was victorious against future seven-time U.S. Championship winner Bill Larned in straight sets.

Chace won the U.S. National Doubles Championship in 1895 and was a doubles finalist in 1896, in both cases partnering compatriot Robert Wrenn. In singles, he reached the semifinals in 1894 and the quarterfinals in 1895 and 1900.

Chace was inducted in the International Tennis Hall of Fame in 1961.

Grand Slam finals

Doubles (1 title, 1 runner-up)

Outcome	Year	Championship	Surface	Partner	Opponents	Score
Winner	1895	U.S. Championships	Grass	Robert Wrenn	Clarence Hobart Fred Hovey	7–5, 6–1, 8–6
Runner-up	1896	U.S. Championships	Grass	Robert Wrenn	Carr Neel Sam Neel	3–6, 6–1, 1–6, 6–3, 1–6

Industrial career

Electric power

Shortly after graduating college, Chace became associated with the introduction of electric power to New England. By 1910 he formed the firm of Chace & Harriman, which built a 24,000 kilowatt power plant on the Connecticut River near Brattleboro, Vermont. Eventually Chace helped develop the New England Power Association and in 1926 he gained control of the Narragansett Electric Lighting Company. In his obituary, the Providence Journal said Chace had been "one of the most influential men in the development of electric power in the Northeast."

Textile mills

In 1926, Chace formed the Berkshire Fine Spinning Associates, Inc, the largest producer of fine cotton goods in the United States. It had mills in Albion, Warren, Anthony, and Fall River. This company later became known as Berkshire Hathaway. He was also president of the Fort Dummer textile mill in Brattleboro, Vermont.

Oil tankers

During World War I and "most of" World War II, Chace maintained a fleet of tankers to transport oil to New England. It was the largest independent oil tanker fleet in the US.

Death and burial

Chace's tombstone in the family plot at Swan Point

Chace died July 16, 1955 (aged 80) at his summer home in Hyannis, Massachusetts and is buried at Swan Point Cemetery in Providence, Rhode Island.

Legacy

• Yale University created the Malcolm G. Chace Award, which is given each year to the player who "best exemplifies leadership and the traditions of the sport at Yale."
• In 1998 Yale established the position of Malcolm G. Chace Head Hockey Coach. Tim Taylor was the first Yale coach to serve with this title.
• A portrait of Chace hangs in the Schley Room at Ingalls Rink.
• The Malcolm Greene Chace Memorial Trophy was established in 2018 to honor “Achievement and Outstanding Service by a Rhode Islander to the Game of Hockey.”

External links

• Malcolm Greene Chace at the International Tennis Hall of Fame
• Malcolm Greene Chace at Find a Grave
• Tennis Archives