- Elmer E. Rasmuson
Elmer E. Rasmuson (1909-2000) was an Alaskan banker and
philanthropist. He was Mayor of Anchoragefrom 1964-1967.
Origins and education
Elmer Edwin Rasmuson was born
February 15, 1909in Yakutat, Alaskato Edward Anton Rasmuson (1882-1949) and Jenny Olson Rasmuson, Swedish immigrants and missionaries of the Evangelical Covenant Churchwho had met in Yakutat. Elmer had an older sister, Evangeline, born 1906.
Elmer's father took correspondence courses in law, and in 1915, moved the family to
Minneapolis, Minnesota, where he passed the bar examination. The family moved back to Alaskawithin the year, stopping first in Juneau before settling in Skagway, where Edward found work as a magistrate.
Elmer attended Skagway School. In his memoirs, he called Skagway a “good town in which to grow up." While he was still in school, he worked at odd jobs in the Bank of Alaska, which his father had taken over in 1918. He graduated from
Queen Anne High Schoolin Seattle, Washingtonin 1925, and after a couple of years at the University of Washington, transferred to Harvard Universityin 1928, achieving a Bachelor of Sciencein 1930 and a Master of Arts in 1935.
Family and work
He went to work for
Arthur Andersen, and in 1939, married Lile Bernard of New Jersey. They had three children: Edward Bernard (born 1940), Lile (who married John A. Gibbons Jr. and was elected to the Connecticut House of Representativesin 2000), and Judy.
In 1940, Andersen sent Elmer to work in
Houston, Texas, mostly for Texaco. Elmer returned to Skagway in 1943, recalled by his father, who began to suffer from heart disease. Elmer was installed as president of the Bank of Alaska. In 1945, the bank's headquarters were moved to Anchorage. Edward Anton Rasmuson died in 1949, leaving the bank to his son.
In 1954, together with brother-in-law
Robert Atwood(who had married Evangeline in 1932), Elmer invested in Richfield Oil's exploration of the Kenai Peninsula. The investment yielded great profits after oil was discovered in 1957 near the Swanson River.
In 1955, Elmer created, with his mother, the charitable Rasmuson Foundation. It was to become "the most generous private donor donor in Alaska history." [http://test.rasmuson.org/SiteEditor/index.php?switch=viewpage&pageid=48]
Elmer's wife, Lile, succumbed to
cancerin 1960. The same year, a merger made National Bank of Alaska the largest bank in the state.
In 1961, Elmer married Mary Louise Milligan national director of the
Women's Army Corps.
Political career and legacy
Critical of government response to the
Good Friday Earthquakeof 1964, Rasmuson ran for Mayor of Anchorage, and was elected. He served a three-year term, overseeing reconstruction of the city. In 1967, he organized the foundation of the Anchorage Historical and Fine Arts Museum, intended to celebrate the 100th anniversary of the Purchase of Alaska.
In 1968, he ran for the
U.S. Senatein the Republican primary, beating out Ted Stevensfor the party's nomination. But he lost the general election, coming second to Democrat Mike Gravel. Incumbent Senator Ernest Gruening, who had lost his party's nomination to Gravel, placed third.
In 1969, Rasmuson stepped down as Regent of the
University of Alaska Fairbanks, a position he had held since 1950. In 1970, the Elmer E. Rasmuson Librarywas dedicated to his service.
In 1974, Elmer Rasmuson retired from work at the National Bank of Alaska, transferring the business to his son, Edward B. Rasmuson.
In 1980, Elmer Rasmuson was elected Chairman of the Board of Trustees of the newly-formed
Alaska Permanent Fund. [http://www.apfc.org/reportspublications/FundHistoryB.cfm] He would hold this position for 6 years.
Elmer E. Rasmuson died
December 1, 2000in Seattle, as a result of congestive heart failure. He concluded decades of philanthropic work by leaving his fortune to charity, including $19 million for the University of Alaska, Fairbanks and $400 million for the Rasmuson Foundation.
* [http://www.rasmuson.org/index.php?switch=viewpage&pageid=29 Obituary from the Anchorage Daily News]
* [http://www.alaskajournal.com/top25/rasmuson.shtml "Elmer Rasmuson in memorium" (Alaska Journal of Commerce)]
* [http://www.skagwaynews.com/stories120800.html "Skagway remembers Elmer Rasmuson"]
* [http://www.rasmuson.org/SiteEditor/index.php?switch=viewpage&pageid=48 "Charity, Inc." (Anchorage Daily News)]
* Rasmuson, Elmer E. and Cole, Terrence. "Banking On Alaska: The Story of the National Bank of Alaska" (2 volumes).
University of Alaska Press: Fairbanks.
Wikimedia Foundation. 2010.
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