Word: guggenheims
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...Henry Thornton, president of Canadian National Railways, attending a dinner at Manhattan's University of Pennsylvania Club, saw his name inscribed on the Guggenheim Honor Cup which records the names of distinguished graduates. A member of the class of 1894, he played on the Pennsylvania champion football team of that year...
...balance of the Guggenheim Fund for the Promotion of Aeronautics, when wound up by Donor Daniel Guggenheim last year (TIME, Nov. 11), amounted to $300,000. This bulky leftover was to go to some enterprising southern educational institution. Last week Trustees of the Fund announced Georgia School of Technology at Atlanta to be the final beneficiary. Reasons: Georgia Tech is enterprising. It has an ideal aviation location and environment, high engineering requirements. Its student body is cosmopolitan...
...Guggenheim entrance into mining was no haphazard stroke of luck. An associate of Meyer asked for a loan on a Colorado silver mine. Shrewdly, Meyer said he would rather be a partner. When the mine did not pay, he went west and supervised it. Soon the whole family was dabbling in many metals, and in 1901 their interests helped form the American Smelting & Refining Co., "The Smelter Trust...
Although the Guggenheim Brothers work as a unit with majority vote ruling, Daniel is the recognized patriarch and is given the most credit for their expansion. He spread their interests to Alaska, Mexico, South America. Asia and Africa. The firm organized the Chile Copper Co., producing copper 9.500 ft. above sea level. In Chile, Daniel developed a new process for nitrate manufacture, and the firm has large holdings in this industry. For service in Belgian Congo, including metal and diamond mining, Daniel was made a Commander of the Order of the Crown of Belgium...
...recent years, Daniel Guggenheim has devoted most of his time to wise philanthropy, including a $500,000 gift to Chile for aviation promotion. With his son, Harry Frank, U. S. Ambassador to Cuba, he has built up the famed Guggenheim Aviation Fund. However, while nominally retired, it is certain that Patriarch Daniel directed his firm's activities last fall...