Military officer, diplomat, Imperial Chamberlain, venture capitalist
Count László Széchenyi de Sárvár-Felsővidék (18 February 1879 – 5 July 1938) was an Austro Hungarian military officer, Imperial Chamberlain, diplomat and venture capitalist. His great-uncle was Count István Széchenyi. László Széchenyi married Gladys Vanderbilt, the youngest daughter of Alice Claypoole Gwynne and Cornelius Vanderbilt II.[1]
Early life
The Count was born Széchenyi László Jenő Mária Henrik Simon on February 18, 1879 in Horpács, then a part of Austria-Hungary, a dual monarchy established in 1867. He was a son of Count Imre Széchenyi de Sárvár-felsővidék, the former Austrian Minister at the Court of Berlin and his wife, Countess Alexandra Sztaray-Szirmay et Nagy-Mihály (1843–1914).[2] The Széchényi family were one of the oldest and wealthiest in the Austro-Hungarian Empire.[3] He was also the great grandson of Ferenc Széchényi
He was the youngest of four brothers, including: Count Dionys, who was the Austro-Hungarian Ambassador in Denmark (he married Comtesse Marie de Caraman et Chimay), Peter Széchenyi, and István Széchenyi. All of the brothers were Reserve Lieutenants in the Imperial Hussars as well as Chamberlains at the Court.[4]
His father owned thousands of acres divided into scores of farms and forest preserves on which the Széchenyis grew wheat, Turkish pepper, tobacco, hemp, and grapes.[1]
Career
Széchenyi was the inventor of the submarine wireless telegraphy, for sending and receiving sound-wave vibrations underwater. The machine was successfully tested with then U.S. Secretary of the NavyGeorge von Lengerke Meyer, in Newport, Rhode Island. Széchenyi, along with David C. Watts, formed the Submarine Wireless Company to produce it.[2]
By 1908, Széchenyi was the most prominent member of his family, which was quite numerous. He possessed two great estates in Hungary, Oermezo Castle, which is about three hundred years old and 4,000 acres, in the County of Templen, and Lagoshara Pusbla, a Summer place of about 4,300 acres, in the County of Somogy. Széchenyi also owned a one-story, ten room house at 14 Eotvoss-street in Budapest.[5][6][7]
Shortly before the War, Széchenyi tried to become a financial leader in Hungary but failed. He is said to have lost $4,000,000 which is supposed to have come largely from his wife. He was a member of the 'Magnates Group' which speculated in mines, railroads and other enterprises. They failed to calculate the impact of the World War, and suffered a complete smash as a result of the fall in value of their shares.[5]
Diplomatic career
The Kingdom of Hungary and the United States signed a treaty establishing friendly relations on August 29, 1921.[8] On January 11, 1922, Széchenyi presented his credentials as Hungary's first Minister to the United States. He served in that role until March 31, 1933.[9] He was transferred to the same post at the Court of Saint James's in England in 1933.[citation needed]