Alexander Mantashev

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Alexander Mantashev

Alexander Mantashev (Template:Lang-hy, Alexander Mantashian; Template:Lang-ru, Alexander Ivanovich Mantashev; 1842 – April 19,1911) was a prominent Armenian oil magnate, industrialist, financier and a philanthropist.

Early life

Born in Tiflis (modern Tbilisi), Mantashev spent most of his childhood in Tabriz where his father was involved in the cotton and textile trade. Being the only son, he was involved in his fathers business affairs early on. In 1869 he moved to Manchester (known as Cottonopolis in the 19th century), a major center of cotton and textile processing industries from where he helped ship goods to his father in Tabriz. Mantashev's stay in Manchester played an important role in the development of his character. Not only he learned the secrets and crafts of the textile industry in Manchester, but he also delved into the intricacies of European business and English culture. During this period he learned the English, French and German languages. In 1872, Mantashev returned to Tiflis with his father. In the first floor of the hotel Caucasus located in Erivan Square the Mantashev's opened a cotton store, then another one, eventually fully engaging in wholesale textile trade. After his father's death in 1887, Alexander purchased most of the shares of Tiflis Central Commercial Bank thus becoming its principal shareholder, and then the chairman of the Board of the Bank. The bank was involved in almost every aspect of trade in the Caucasus. Incidentally, Tifkombank was the only financial institution in the Caucasus whose shares traded on the St. Petersburgh Stock Exchange. In the early 1890's Alexander was already a 1st guild merchant and a speaker at the Tiflis duma. It was then that he became interested in a new business venture when he was looking at prospects of Baku oil.

Oil tycoon

This was the epoch of the world oil trade. The underground black liquid promised entrepreneurs incredible profits and opened ambitious prospects. The only requirement was a large investment and the abillity to run the business. This Mantashev had. His chief accountant recalled that not a single document went into affect without Alexander's resolution, "Asttsov" ("with God" in Armenian). Mantashev not being afraid of high risk investments, bought together with another Armenian colleague Michael Aramyants unprofitable oil wells in Baku that very soon became profitable. In 1894 he created a tentative association along with the other major oil interests in Russia, the Nobel's and the Rothschild's in order to cooperate in the marketing of petroleum products with certain geographical areas. This was in response to Standard Oil's aggressive marketing policy. In 1896, during a trip to Egypt, Mantashev met Calouste Gulbenkian who was fleeing the Ottoman Empire with his family as a result of the Hamidian massacres. Mantashev introduced Gulbenkian to the right circles in Cairo, including Sir Evelyn Baring. For refining oil, Mantashev built in Baku a kerosene plant, lubricant plant and a marine refinery for pumping oil and fuel to vessels. In Batumi, his company owned a factory for fabrication of canisters for packaging and storage of oil, in Zabrat a mechanical workshop, in Odessa an oil pumping station and 100 wagons circulating in the south-western railways of Russia. The young Joseph Stalin organized strikes in Mantashev's Batumi factory and participated in street demonstrations in 1902. Mantashev bought in England two tankers, which supplied oil to India, China, Japan and the Mediterranean countries. In 1899 he created the trading house "A.I. Mantashev and Co.", opening representative offices and warehouses in the major cities of Europe and Asia, Smyrna, Thessaloniki, Constantinople, Alexandria, Cairo, Port Said, Damascus, Paris, London, Bombay and Shanghai. Mantashev became a shareholder in a number of oil companies, among them the Nobel Brothers. 51.3% of the total stock of oil and 66.8% of oil content in the Caspian was centered around the firm. In 1904, it was the third largest oil company in Baku next to only Nobel Brothers and the Caspian Sea society of the Rothschild brothers. Once while riding on a train from Vienna to Paris, Mantashev was accompanied by a silent passenger in the same car. Mantashev failed in all his attempts to communicate with the passenger. Only when it came to Baku oil, the silent passenger became talkative. During their discussion he had asked several professional questions regarding oil and had mentioned that the only person he has heard of in Baku is Alexander Mantashev. Mantashev smiled and introduced himself. The conversation stalled therefater once again. In Paris, they shook hands and departed. A few days later Mantashev was invited to a secular cocktail party by Britain's Baron Rotschild. It became clear that the Baron was the silent passenger in the train because the personal invitation contained several lines regarding their encounter on the train. Mantashev funded the Baku-Batumi pipeline and in 1907 built the world's longest pipeline, 835 kilometers long. People starting callimg him the "King of Oil". From 1899 to 1909, his company by volume of fixed capital (22 million rubles) was the largest within the Russian industry. They say that before buying oil wells Mantashev personally examined them. He knew that a rich deposit may suddenly dry up, and vice versa, one without any perspective could end up as a rich fountain. Surrounded by a svita of geologists, petroleum engineers, he visited the sites asking countless questions carefully studying land-color, softness etc., he even smelled the land. Mantashev always inquired on the status of the neighbouring sites often often choosing them at random and saying : "It's here, start digging.». No one could understand what was it that made him choose the spot. But his decision was always final. The great paradox was that when drilling commenced, an oil fountain was almost always discovered.

Philantropist

Along with twelve likeminded people he founded the "Armenian charitable society in the Caucasus". He donated 300,000 rubles for the building of Nersessian spiritual academy. He donated 250,000 rubles to Holy Echmiadzin for the building of the residence of the Catholicos of All Armenians (construction completed in 1914). Mantashev hand picked fifty talented young Armenians and sent them to study at the best universities of Russia and Europe. Among them was the famous Armenian composer Komitas as well a sothers who became famous later on. The most famous donation made by Mantashev remains the Armenian Church of St. John the Baptist in Paris on Jean Goujon street. He explained that he chose Paris because that's the city were he sinned most. At its construction in 1904 Mantashev spent one million 540 thousand francs. For this act, the President of France gave Alexander Mantashev the Order of the Legion of Honor.

Personality and leagacy

Despite all of his wealth Mantashev led a modest lifestyle. He did not like gold and never wore jewelery. He only attached a fresh flower to his vest. He did not have an entourage and enjoyed travelling by tram in Tiflis. It is said that Mantashev only carried with him 20 gold coins and five rubles. Mantashev loved the theatre. In Tiflis he built the Pitoewski theatre (now Drama Theatre named after Shota Rustaveli). In the Academie National de Musique of Paris he had a personal lounge. He intended to build a similar theatre in Yerevan. The Small Hall of the Armenian Philharmonic Orchestra was also built by him. Mantashev died on April 19, 1911 in St. Petersburgh. His body was moved to Tiflis and buried next to his wife at the cemetery of Van Cathedral which was being restored at the time with his donations. After the Ocotber Revolution of 1917, his company ceased to exist along with all the other oil companies in Russia. In 1933, by the order of Lavrentiy Beria the Van Cathedral was destroyed along with the cemetery where Mantashev was buried. Today he is remembered in Tbilisi for his charity, where many of his buildings are still standing and Yerevan where a downtown street was named after him along with a major luxury goods store.

Reference

• Template:Ru icon Журнал ЕРЕВАН, N.3-4, July-August 2005, pages 44-49