Franklin Walter Olin (January 9, 1860 – May 21, 1951) was the founder of the Olin Corporation.
He was born in Woodford, Vermont and his father built mills and waterwheels. He studied civil engineering at Cornell University, where he also played baseball; he would play as an outfielder in the American Association for two seasons. After graduating with the class of 1886, he worked in several jobs before founding a blasting powder mill construction business; his first opened in East Alton, Illinois in 1892.
He formed the Western Cartridge Company in 1898 to manufacture ammunition, and during World War I diversified into brassmaking for use in cartridge shells. In 1931 Olin acquired the Winchester Repeating Arms Company. After World War II, Frank Olin retired from management of the firm, leaving it to his sons John and Spencer.
He married Mary Mott Moulton of Toledo, Ohio on May 28, 1889 . They had three sons, Franklin W. Jr. (predeceased), John, and Spencer, all three of whom also graduated from Cornell.
He died in St. Louis, Missouri in 1951. A portion of his fortune was willed to the F. W. Olin Foundation, which endowed numerous buildings and professorships in his name at college campuses across the United States. In 1997 the foundation established Franklin W. Olin College of Engineering in Needham, Massachusetts.
Famous quotes containing the word franklin:
“Most people dislike vanity in others, whatever share they have of it themselves; but I give it fair quarter, wherever I meet with it, being persuaded that it is often productive of good to the possessor, and to others who are within his sphere of action: and therefore, in many cases, it would not be altogether absurd if a man were to thank God for his vanity among the other comforts of life.”
—Benjamin Franklin (1706–1790)