Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-01-12

the means to equip it, he promptly gave
another $4,000 for this purpose.
This liberality and good fellowship had
its effect, and soon Guggenheim was being
spoken of for political place.
In 1896, when the Colorado republicans,
led by Teller, walked out of the national
| convention that nominated Mckinley, Gug-
genheim was nominated for lieutenant gov
ernor on the ticket of the silver republic
cans. Two years later he offered the
nomination for governor. In both cases he
was certain of election, for not a corporals
guard could have been mustered against
the silver ticket, but he refused both times.
saying he had no ambition for political
life
Certain of Toga.
In the recent republican landslide In
Colorado it understood that if a re-
publican legislature was chosen Guggen-
helm should be the senator. The triumph
was overwhelming, a majority of forty
four being returned. No man not elected
was ever more certain of wearing the toga
than Guggenheim Is.
But while Simons shift to the white
light Of Washington may make the name
Guggenheim commoner in the public prints,
1t cannot add much to the marvellous
record already achieved by the seven sons
of Meyer.
Only few months ago Wall street rang
with the wonderful story Of how the
american Rothschilds,' as they are called,
had voluntarily shouldered a loss of one
and half million dollars, dropped In
Nipssing Cobalt, rather than permit out
the property, to suffer.
There was no compulson whatever that
the firm should suffer this loss. Had there
been profit, they would have been COM
PEELED to pay the outside investors their
share. Consequently, a division of the
losses would have seemed equally fair.
But the brothers took the loss, because
they wanted to live up to the precept laid
down by their father, the late Meyer, who
died in Palm Beach in 1905.
His business motto was:
Get money, but don't try to do 1t by
walking over the graves of your fellow
men,
The Guggenheims made the proud boast
that no outsider who Joined III one of their
ventures ever lost dollar. They were
willing to sustain the dropping of million
and a half in order to keep that record
intact.
This Difference of every law laid down
by the father is one of the notable things
about notable family.
An Ancient Fable.
Guggenheim, the elder believed in family
unity. 1t was his favorite remark that no
friends or outsiders will ever do for you
like a member of your own family. He
had a homely illustration, taken from
! ancient fable, by which at the outset of
each sons business career he showed him
the need of harmony in the family.
Handing the son stick, the father would
ask him to break it. This was easily ac-
complished, but when the elder man bound
together seven sticks of a similar size, the
strongest of the boys could not snap their
united strength.
This unity has made the Guggenheims
the greatest family of money makers the
country ever produced, not even excepting
the Rockefellers. In fifteen years they
have built up fortune said to be $780,
coo, 600.
In the Rockefeller family John d. is
known as the money maker, and the others
merely trail but every member of the
Guggenheim family has the genius and