Frank Shriver Jones Sr., 91, stockbroker, war veteran


Frank Shriver "Jake" Jones Sr., a retired stockbroker and World War II veteran, died of complications from pneumonia Saturday at his Guilford home. He was 91.

Born in Mount Washington, he was the great-great-great-grandson of John Marshall, the fourth chief justice of the United States. Baptized by Cardinal James Gibbons at the family residence, Mr. Jones was a 1932 graduate of Loyola High School, where he played lacrosse.

He began work during the Depression alongside his father, J. Marshall Jones, who sold stocks and bonds on Redwood Street. Family members said the experience taught him the value of thrift and savings.

"He was devoted to his father, and nothing made him happier than to cut his teeth in a business he quickly grew to love," said his son, Frank S. Jones Jr. of Pasadena.

Mr. Jones enlisted in the Army before the U.S. entered World War II and was assigned initially to Washington, D.C. Family members said that on Dec. 7, 1941, Mr. Jones was attending a football game when he heard generals and other military officials being paged over the loudspeaker.

"He knew the war was on that day. The crowd was buzzing," his son said.

Mr. Jones served in the North African and Italian campaigns. A lieutenant colonel, he was in the quartermaster corps and was assigned to head an African-American unit because his commanding officers felt he exhibited no racial prejudice.

"He actually loved Army food, three squares a day for which he did not pay," his son said.

After the war, he became a certified public accountant and a partner in the Globe and Weatherly Advertising companies, then located on 25th Street. He also earned a bachelor's degree in economics from the Johns Hopkins University.

In 1952 he joined the investment-banking firm of Baker Watts, where he worked for 50 years, often handling the accounts of the children and grandchildren of his original clients.

Friends said he bristled at the term "investment banker," saying instead that he was merely a "stockbroker" or "stock picker."

"To him, the client came first, and the commission came second," said Steven L. Shea, executive vice president of what is now Ferris Baker Watts. "Jake was part of the old, conservative school who was really a money manager rather than a stockbroker."

He said that Mr. Jones never gave up his cigar smoking, and when the smoking laws changed, he enjoyed his tobacco on the sidewalk outside his office with fellow smokers. For nearly 48 years, he commuted to and from his work via the No. 11 Charles Street bus.

Mr. Jones was named a partner in 1968 and retired in early 2002 as a managing director.

"He was a modest person and seemed embarrassed and surprised at an office Christmas party in 2001 at the end of his 50 years," said Joseph R.B. Tubman, a friend and associate. "He had a very fine, incisive mind, and when he spoke, it was right to the point."

A Mass of Christian burial will be offered at 11 a.m. today at Shrine of the Sacred Heart Roman Catholic Church, Smith and Greely avenues, Mount Washington.

In addition to his son, survivors include his wife of 54 years, the former Lois Lilly; three daughters, Michele J. Naish, Marsha J. Chodnicki and Hilary J. O'Connor, all of Baltimore; two brothers, Raphael Semmes Jones of San Jose, Calif., and T. Carbery Jones of Baltimore; three sisters, Helen J. Kramp, Lassie J. Wiedmann, both of Baltimore, and Anne Lewis Klinefelter of Chestertown; and six grandchildren.

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