Word: guggenheimers
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Dates: during 1930-1939
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Near the city of Cienfuegos a Federal patrol swooped on a little drugstore and dragged out one more leader of the revolution from his burrow beneath the counter. He was Col. Aurelio Hevia, a successor to the imprisoned General Mario Menocal. U. S. Ambassador Harry Frank Guggenheim notified the State Department, perhaps a little prematurely, that with the failure of the Gibara filibuster and the capture of the most prominent leaders of the revolution, President Machado's troubles were as good as over...
...California Institute of Technology Ph.D., no easy distinction under the strict driving of Professor Arthur Amos Noyes, director of Caltech's Gates Chemical Laboratory. Director Noyes kept the brilliant young man at Caltech another year under a National Research Fellowship, then sent him on a John Simon Guggenheim Memorial Foundation Fellowship to Europe for a look at physical chemistry there. Back went the scholar to Caltech and an assistant professorship. A workout in that position, then an associate professorship; then this year, at 30, a full professorship of theoretical chemistry...
...Most important companies were Baldwin Locomotive Works; Wright Aeronautical Corp., having local factories; All America Cables, which beside its cable business operates the local telephone system; Electric Bond & Share Co., operating trams, providing light and power through its subsidiary Compania Chilena de Electricidad; and "Cosach," the Guggenheim nitrate combine, which controls 35% of the world's annual output of natural fertilizer. Nitrates were what brought Chile to this sorry pass...
...formed a cartel. Year ago the cartel was expanded to include Chile, world's great producer of natural nitrate. Rigorous production restrictions were laid down, price agreements made. To Chile the cartel was a timely aid. Its nitrate industry was being reorganized under the sponsorship of the Brothers Guggenheim; a breathing spell was welcome...
...bargaining position than last year. Its industry has been concentrated in a trust, the "Cosach"; costs have been reduced and the selling price set at lower levels through removal of the export tax. Representing the Cosach was its president, Norse-born E. A. Cappelen Smith, skilled developer of the Guggenheim Process; representing the Guggenheims was broad-shouldered Edward Savage of Manhattan, Cosach director. Fluently and statistically they won other nations over to their contention that Chile had been asked to bear too great a monetary burden, that there was no reason why Chile's natural nitrates should sell higher...