Henry Walters was born in 1848 to William Thompson Walters,, a businessman who later founded the southeastern railroad line, Atlantic Coast Line Company. Henry graduated from Georgetown University in 1869. He did graduate work in the Lawrence Scientific School at Harvard University from 1869–72. In 1889 Walters moved to Wilmington, North Carolina, to serve as general manager of his father's railroad, the Atlantic Coast Line Company. Following his father's death in 1894, Henry Walters was elected president of the AtlanticCoast Line Company. He transferred the line's headquarters to New York. Under his leadership, the railroad experienced rapid growth until World War I. In 1902 Walters also took control of the Louisville and Nashville Railroad. In New York, Walters lived with Pembroke and Sarah Jones, friends whom he had met in Wilmington, North Carolina. Each of them was interested in art, and their town house was filled with their collections. Seldom did Walters return to Baltimore other than to attend board meetings of the Safe Deposit and Trust Company. Three years after Pembroke Jones' death in 1919, Walters married the widow Sarah Jones in 1922, his first marriage. They continued living in the Manhattan house surrounded by their art collections. He died in 1931.
Art collection
When his father died in 1894, he bequeathed his collection to Henry Walters, who greatly expanded the scope of acquisitions. He purchased the contents of a palace in Rome that contained over 1,700 pieces. In September 1900, Henry bought the three houses adjoining the property owned by his father in the Mount Vernon neighborhood of Baltimore, in order to house and display the full collection. He had the site designed and adapted as a palazzo-style building, which opened to the public in 1909 as the Walters Art Gallery. Walters died in 1931, leaving the building and its contents to the mayor and city council of Baltimore "for the benefit of the public." The Walters Art Museum opened its doors for the first time as a public institution on November 3, 1934. Walters also donated four public bath houses to the City of Baltimore., Walters Bath No. 2 was added to the National Register of Historic Places in 1979.
Collection highlights
Henry Walters envisaged a museum that would fulfill an educational role within the community, but initially made modest additions to his father's collection. In 1897 his purchase of a 15th-century Koran, originally thought to be Persian, but now regarded as Indian, may have initiated the manuscript collection. In 1900 Walters bought Raphael's Madonna of the Candelabra, which had passed through both the Borghese and Bonaparte family collections. The USPS featured this painting on their 2011 Christmas stamp. In 1902 he undertook an acquisition on a scale unprecedented in the history of American collecting: he bought the contents of the Palazzo Accoramboni in Rome. The collection abounded in significant works, many of them found to be by masters other than those to whom they had been ascribed, and others by artists not in fashion at that time. In the latter category fell El Greco's painting, :File:El Greco - Saint Francis Receiving the Stigmata - Walters 37424.jpg|St. Francis Receiving the Stigmata. Among the collection's archeological treasures were seven magnificent sarcophagi from a burial chamber associated with the Calpurnii Pisones family. Walters agreed to buy the collection for the sum of five million Italian lire, equivalent at the time to $1.0 million. He enhanced the breadth of the 19th-century holdings with such early works as Ingres' :File:Jean-Auguste-Dominique Ingres - The Betrothal of Raphael and the Niece of Cardinal Bibbiena - Walters 3713.jpg|The Betrothal of Raphael and the Niece of Cardinal Bibbiena, bought in 1903. Although Walters was not fond of French Impressionism, he bought two works in 1903 from American artistMary Cassatt, including Claude Monet's :File:Claude Monet - Springtime - Walters 3711.jpg|Springtime. Walters continued to augment his holdings, buying both in New York and abroad. He collected Egyptian, ancient Near Eastern, and Islamic art, as well as a number of key classical and western medieval objects. These included a pair of limestone heads of Old Testament rulers that came from the abbey church of Saint-Denis. Beginning in 1903, Walters served on the executive committee of the Metropolitan Museum of Art. In 1913 he became second vice president, a position he retained for the rest of his life. His experiences on a number of museum committees may have resulted in a change of direction in his collecting after World War I. He shifted from acquiring works representative of various fields and more committed to objects of major historical and artistic significance.