Bridges: Murder mystery and the birth of Rice University - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Advertise
    • Contact
    • Editorial Staff
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
February 27, 2021 Newswires
Share
Share
Tweet
Email

Bridges: Murder mystery and the birth of Rice University

Lubbock Avalanche-Journal (TX)

It was a dark night in New York City in 1900. The old man slept in his bed alone. A vast fortune lay at his command. A shadowy figure approached. And the old man would never awake again. With the death of William Marsh Rice, a murder mystery exploded. This mystery was at the heart of the birth of one of the most prestigious institutions of higher education in Texas, Rice University.

Rice was born in Springfield, Massachusetts, in 1816. An enterprising and ambitious young man, he was anxious to get a start in the business world. He quit school at the age of 15 and picked up a job as a store clerk. In 1837, by the age of 21, he bought out the store and planned for higher fortunes. He saw the untapped potential of Texas and staked everything on his success in the young republic.

In 1838, he packed up his store and sailed to Texas. A shipwreck destroyed his belongings, and he arrived in Houston penniless. He scrambled to rebuild, working as a clerk, running a bar, and eventually working with local investors to start a new dry goods business. Business was brisk, and his fortunes soared. He invested in cotton and real estate, coming to own a hotel and other properties in Houston as well as a stakeholder in railroads and an insurance company. He started a successful business that brought ice from Boston to Houston in the summers. By the eve of the Civil War, he was one of the richest men in Texas.

During the Civil War, he turned his own stately home into a Confederate hospital and went to Mexico to operate his many business interests. After the war, he moved to New York. He was twice married, both stormy unions ending with the deaths of his wives, both from natural causes. He had no known children.

Rice had initially decided to leave the bulk of his estate to create an orphanage but by 1887 changed his mind to create a university in Houston, to give back to the city that had made his fortune. The William M. Rice Institute for the Advancement of Literature, Science, and Art was chartered in 1891. Rice’s will made it clear that the institute would be endowed with the bulk of his $4 million estate (worth more than $117 million in 2017 dollars).

Rice’s second wife, Julia Baldwin, died in 1896 in a Wisconsin asylum. Several Houston lawyers tried to sort out her complicated estate. One of the lawyers working on the case, Albert T. Patrick, learned of Rice’s fortune and lack of heirs. Consumed by greed, he became obsessed over how to possess the money himself. Patrick attempted to trick him into changing his will, but an enraged Rice refused. While a handful of relatives would receive gifts, the university was the primary beneficiary. Nevertheless, Patrick arranged to meet with Rice a number of times in 1900.

On the night of September 23, Rice died in his apartment. His butler, Charles Jones, sent a telegram the next day to one of Rice’s executors in Texas, James Baker, stating that Rice had died of old age under the care of a physician and the funeral was that day. Patrick claimed that a new will had made him primary beneficiary and attempted to cash a $25,000 check supposedly signed by Rice. The bank teller, however, noticed several errors, and the check was withheld. It quickly became clear that the check was forged.

Police began investigating the matter, and the conspiracy fell apart within days. Jones turned state’s evidence and confessed that he and Patrick had conspired to kill Rice with chloroform to make it look like he had died in his sleep. Patrick had put together a forged will to make himself the heir to Rice’s fortune. The case of the butler, the crooked lawyer, and the widower’s fortune rocked New York City. Patrick was found guilty and sentenced to death in 1901, but his sentence was later commuted. He was released from prison in 1912 before dying in Tulsa, Oklahoma, in 1940. Jones, the butler who really had done it, escaped imprisonment but could never escape his conscience. As the reputation of his employer’s namesake university grew, it gnawed on Jones. He committed suicide in Baytown in 1954.

Rice University opened in 1912. In 1930, trustees buried Rice’s ashes under a statue of him on the university campus.

Today, Rice University has more than 6,700 undergraduate and graduate students on a 300-acre campus in Houston. Dozens of fields of study are available for students. Professors and researchers spend more than $140 million each year conducting research and experiments at the cutting edge of science and technology. And, of course, the university also includes courses in criminology.

Dr. Ken Bridges is a writer, historian and native Texan. He holds a doctorate from the University of North Texas. Bridges can be reached by email at [email protected].

This article originally appeared on Lubbock Avalanche-Journal: Bridges: Murder mystery and the birth of Rice University

___

(c)2021 the Lubbock Avalanche-Journal (Lubbock, Texas)

Visit the Lubbock Avalanche-Journal (Lubbock, Texas) at www.lubbockonline.com

Distributed by Tribune Content Agency, LLC.

Newer

How To Retire With The Odds In Your Client’s Favor

Advisor News

  • Why you should discuss insurance with HNW clients
  • Trump announces health care plan outline
  • House passes bill restricting ESG investments in retirement accounts
  • How pre-retirees are approaching AI and tech
  • Todd Buchanan named president of AmeriLife Wealth
More Advisor News

Annuity News

  • Great-West Life & Annuity Insurance Company Trademark Application for “EMPOWER READY SELECT” Filed: Great-West Life & Annuity Insurance Company
  • Retirees drive demand for pension-like income amid $4T savings gap
  • Reframing lifetime income as an essential part of retirement planning
  • Integrity adds further scale with blockbuster acquisition of AIMCOR
  • MetLife Declares First Quarter 2026 Common Stock Dividend
More Annuity News

Health/Employee Benefits News

  • Trump wants Congress to take up health plan
  • Iowa House Democrats roll out affordability plan
  • Husted took thousands from company that paid Ohio $88 million to settle Medicaid fraud allegations
  • ACA subsidy expiration slams Central Pa. with more than 240% premium increases
  • Kaiser affiliates will pay $556M to settle a lawsuit alleging Medicare fraudKaiser affiliates will pay $556M to settle a lawsuit alleging Medicare fraudKaiser Permanente affiliates will pay $556 million to settle a lawsuit that alleged the health care giant committed Medicare fraud and pressured doctors to list incorrect diagnoses on medical records to receive higher reimbursements
More Health/Employee Benefits News

Life Insurance News

  • Best’s Market Segment Report: AM Best Maintains Stable Outlook on India’s Non-Life Insurance Segment
  • AM Best Affirms Credit Ratings of Health Care Service Corporation Group Members and Health Care Service Corp Medicare & Supplemental Group Members
  • Kyle Busch hits PacLife role in amended IUL fraud claims suit
  • I sent a letter to President Trump regarding Greg Lindberg
  • ‘Cashing Out’: Film recounts how viatical settlements arose from AIDS crisis
Sponsor
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Elevate Your Practice with Pacific Life
Taking your business to the next level is easier when you have experienced support.

ICMG 2026: 3 Days to Transform Your Business
Speed Networking, deal-making, and insights that spark real growth — all in Miami.

Your trusted annuity partner.
Knighthead Life provides dependable annuities that help your clients retire with confidence.

8.25% Cap Guaranteed for the Full Term
Guaranteed cap rate for 5 & 7 years—no annual resets. Explore Oceanview CapLock FIA.

Press Releases

  • Agent Review Announces Major AI & AIO Platform Enhancements for Consumer Trust and Agent Discovery
  • Prosperity Life Group® Names Industry Veteran Mark Williams VP, National Accounts
  • Salt Financial Announces Collaboration with FTSE Russell on Risk-Managed Index Solutions
  • RFP #T02425
  • RFP #T02525
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Advertise
  • Contact
  • Editorial Staff
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet