Word: guggenheim
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Dates: during 1920-1929
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...Daniel Guggenheim is getting old-72. His name is still synonymous with gold, silver, copper and nitrate mining from Alaska to Chile. That synonymity developed a half century ago when the late Meyer Guggenheim started a smelter in Colorado for his seven sons. In the last three and a half years, however, Daniel Guggenheim has made his name consonant with aeronautical promotion. First he gave $500,000 to New York University for a college of aeronautics.† His good friend Alexander Klemin is its active head. Next he gave $2,500,000 for a Daniel Guggenheim Fund for the Promotion...
...Daniel Guggenheim is a grandson of Simon Guggenheim, a Swiss immigrant, and son of Meyer Guggenheim. He is the second of seven brothers: Isaac, Daniel, Murry, Solomon, Simon, Benjamin, William. Many years ago their father called them together, told them the parable of seven sticks which separately could be broken, but together were unbreakable. He started them in the mining business with a smelter in Colorado. They prospered, engaged the best brains in the mining business, gained control of vast copper mining properties which produced two-fifths of the world's copper supply. When they sold control of Chile...
...brother Simon Guggenheim, Republican Senator from Colorado (1907-13), is also a great giver-$3,500,000 for the John Simon Guggenheim Memorial Foundation (for his dead son) for scholarships for advanced study abroad, without regard to sex, race, creed or color...
...were brothers-in-law, their wives the daughters of the late Paul Morton, variously President of the Burlington Railroad, Secretary of the Navy under Roosevelt. President of the Equitable. Mr. Potter still fondly calls himself a mining engineer, rather than a banker. He was long associated with the Guggenheims. For a period he even gave up his office with the rich bank to become a member of the (perhaps) richer Guggenheim Bros. firm. The Guaranty's resources then were just about a half-billion. But the War was on in Europe. Morton died; Hemphill had become chairman, Mr. Sabin president...
Eight years ago Chairman Hemphill died. Davison, the stimulator, was already dead. Arose the question of successor. President Sabin recommended and the directors recalled Mr. Potter (still a Guaranty director) from Guggenheim Bros...