A History of the Indianapolis 500 Owners

There are only three sports, bull fighting, motorwas the first trophy presented to winners of the
racing, and mountain climbing; everything else is just aIndianapolis 500 Mile Race, and the predecessor of
game. While historians may argue whether thisthe Borg Warner Trophy.
famous quote should be attributed to author, EarnestThe farm they purchased, known by the locals as
Hemingway or his contemporary, Barnaby Conrad, itthe Pressley Farm, sat near the corner of
is difficult to ignore the truth in its message. TheCrawfordsville Pike (now known as 16th St.) and
truth is that competitors who gamble their lives toGeorgetown Rd, five miles west of downtown
compete deserve some extra measure of respect. ItIndianapolis. However, another farmer named Levi
is fitting that we acknowledge this very importantMunter owned 80 acres, which sat directly on the
distinction in honor of those who ante up.corner of what is now 16th and Georgetown Road.
For more than 100 years drivers from around theThe Fisher partners purchased an option on the 80
world have come to Indianapolis to test themselvesacres in December 1908 and exercised the option
and their machines. There is no place on earth thatsometime shortly after filing their articles of
gives more in triumph and takes more in tragedyincorporation for the new Indianapolis Motor
than the two and a half mile oval at Indianapolis. TheSpeedway Company on March 20, 1909.
Indianapolis Motor Speedway turns dreams intoIn the spring of 1909, the land around the speedway
legends. None of that, however, would be possiblewas largely pasture land, but a few factories,
without the loyal and fanatical support of thesituated just south of the site of the new
spectators who come each year to witness theIndianapolis Motor Speedway, had been in operation
greatest spectacle in racing.for several years prior. Those factories included the
The Indianapolis 500 mile race is the largest one dayPrest-o-Lite company built and operated by Carl
sporting event in the world. Attendance, which hasFisher. James Allison's machine shop was also located
never been officially published, is currently estimatedjust south of the site of the new speedway. The
at nearly 400,000 thrill-seeking spectators. There areAllison machine shop that later became the Allison
no contenders for this throne. The Indy 500 is thetransmission and engine company is still in operation
undisputed king of motor sport races. Fittingly, itsat or near the same location today. The town of
history is equally astonishing.Speedway was founded in 1926 and the Indianapolis
THE FOUNDING FATHERSMotor Speedway now sits entirely within the city
The Indianapolis Motor Speedway was the brain childlimits of Speedway, Indiana.
of an energetic entrepreneur named Carl Fisher. BornAutomobile racing was not popular at that time.
in Greensburg, Indiana in 1874, Carl grew up in aBuilding a race course for the sake of holding
broken home of modest means. After dropping outautomobile races, was not Carl Fisher's plan. His plan
of school at the age of 12 to help support his motherwas to build a testing ground for American
and two brothers, he held several menial jobs beforeautomobile manufacturers to test their machines and
opening his own business at the age of 17. Hismake them faster and more reliable. The races he
entrepreneurship began with a bicycle shop heorganized in 1909 were part of his plan to promote
opened in Indianapolis with his two brothers in 1891.the track and encourage automobile makers to take
The bicycle shop became highly successful due inup the challenge. Better cars meant happy buyers
large part to Carl's talent for outlandish promotion. Hewhich in turn brought about enthusiastic sales. Carl
soon steered his partners into the automobileFisher and his partners were perhaps better able to
business by turning the bicycle shop into what isbenefit from the anticipated boom of automobile
believed to be the first automobile dealership in thesales than any other persons in the world. With the
United States.first automobile dealership and a manufacturing plant
When approached by an inventor of an acetylenethat made running lights for virtually every automobile
lamp for use on automobiles, Carl Fisher seized themade in the United States at that time, Carl Fisher
opportunity to begin manufacturing head lights forwas poised to make an enormous fortune.
the auto industry and through a series of plantsSince 1911 when the first Indianapolis 500 mile race
around the country supplied the headlights for mostwas run, many stories turned to legend and helped
every automobile and truck made in America.insure that the history of the Indianapolis Motor
Carl Fisher's dealership sold, Oldsmobile, Packard,Speedway would be recorded for posterity.
Stutz, and the Stoddard-Dayton automobiles. On aFlamboyant drivers, owners and mechanics came to
trip to Europe in 1909 or shortly prior thereto, CarlIndianapolis to compete for the prize of fortune and
discovered the European automobile manufacturersfame. Some have faded into the pages of history
were building superior automobiles. He took a specialdespite risking their life, fortunes and reputations and
interest in a large automobile test track he visited inare these days nothing more than a footnote in
Surrey England and came back home with plans tohistory. Others, however, made their mark though
build one himself.success or tragedy and are memorialized on the
Carl was well on his way to becoming a wealthy manpages of historical books, photographs and film.
by this time. He had several successful venturesThere is perhaps no race driver in history who did
including a company which manufactured themore to capture the attention and admiration of the
Prest-o-Lite lamps installed on virtually every truckworld, than Barney Oldfield. Born Berna Eli Oldfield, in
and car built in the United States. He forged1878 near Waseon, Ohio, Barney started his racing
friendships with other local entrepreneurs andcareer by competing in bicycle races across the
recruited three of them to be his partners in thisnewcountry. He transitioned to automobile racing by
venture. James Allison, Arthur Newby, and Frankjoining a friend and fellow racer Tom Cooper in a
Wheeler signed on, invested their money with Carlracing venture, which sprang from a short interlude
and soon formed the Indianapolis Motor Speedwaywith future automobile titan, Henry Ford. Ford, who's
Company. They purchased a 240 acre farm a fewtwo prototype cars were difficult to start, sold both
miles northwest of Indianapolis and later expanded itof his cars to Cooper for $800.00. Cooper put
to include the 530 acre property it is today.Oldfield behind the wheel and entered the car in the
James Allison, the inventor of the Allison Perfection1902 Manufacturer's Challenge Cup. When Oldfield
Fountain Pen, met Carl Fisher through their mutualbeat Alexander Winton, the defending champ and
interest in the bicycle craze. Together they formedodds on favorite by more than a half mile in a car
the ZigZag bicycle club. Later they joined as partnersbuilt by Henry Ford, both men were catapulted into
in the Prest-o-Lite venture. James Allison then formedautomobile history. Oldfield became synonymous with
the Indianapolis Speedway Team Company, whichspeed and Ford got the financial backing he needed
evolved into the Allison Engine Company that is nowto start his automobile manufacturing company.
the Allison Transmission Company of General Motors.Barney Oldfield was the first man to break the 60
Rolls Royce acquired the engine building division ofmile per hour barrier in a mile run at the Indianapolis
Allisons in 1995.State Fair Grounds a few years later. He raced in the
Arthur Newby was the president of National MotorIndianapolis 500 in 1914 and 1916, finishing 5th in both
Vehicle Company, located in Indianapolis. His companyraces. He never won the Indy 500, but he became a
began its venture by manufacturing electricclose friend and business associate of Carl Fisher.
automobiles. Though the Company faltered in 1924, itFor many years, motorcycle cops around the
managed to produce the winning entry for the 1912country, were fond of asking "who in the hell do you
Indianapolis Motor Speedway, before closing its doorsthink you are, Barney Oldfield?", when stopping
forever.motorists for exceeding the speed limit. Oldfield, with
Frank Wheeler, the fourth founding member of thehis trademark cigar and thick black mustache, was
Indianapolis Motor Speedway, was a partner in theone of the most celebrated drivers in the early years
Wheeler-Schebler Carburetor Company, whichat the Indianapolis 500. His barnstorming thrill shows
manufactured carburetors for automobileand record setting speed exploits also helped give
manufactures throughout the United States. Frankinternational prominence to the Indianapolis 500 Mile
Wheeler and his partner George ScheblerRace.
commissioned the Wheeler-Schebler Trophy, which