The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-01-08
NEXT SENATOR FROM
CENTENNIAL STATE
Brief Sketch of Successful
Business Career of Simon
Guggenheim.
ENTERS POLITICAL ARENA
in OPEN MANNER
Will Represent No Interests
at Washington Save That
of the People.
Special 30 The Tribune.

Special 20 The Tribune.
DENVER, Colo, Jan. Simon Gug-
gcnheim will, in all human probability,
be the next United States Senator from
Colorado. The Republican caucus on
January | pledged seventy votes for
Mr.. Guggcnhelm, which will be cast on !
January 10. In an interview regard
ing his candidacy for the Senate, Mr. !
Guggenheim said:
If | go to the Senate it will not be
to represent the smelling company
or any other company, or any inteyest. |
[ will 60 as Simon uggsnheim-plain
citizen to represent the people Of
Colorado. An honorable ambition is
permitted TO every man, even to the,
wealthiest, and IT is my ambition to
serve my country.
When | was younger man / had
the ambition to make myself independ
ent. ! have done that. I wanted In
dependence that might go into politics
with free hands Why shouldn t an
independent man serve his country with,
all his wealth and all his heart as
well7'
Simon Guegenhcim is next to the
youngest of a family of seven broth
ers. They do business under the firm
name of NJ Guggenheim S Sons. at.
II Broadway. New York. They seven
learned business methods from their
father, who, If accounts of the business
x,-nrlJ hoe
money-making mon more than once
with a combination of honesty and
shrewdness in his dealings which made
him invincible. Meyer Guggenheim,
the father, ordered mis- household after
the manner of ore Of the patriarchs Of
ancient days. Be believed his sons
would WELD authority and anass
wealth, and he brought them up so
they might not misuse what power and
affluence came TO them Each of the
seven sons ne taught to deal justly
with his fellow men and prize ohe fnm-
lily name. AS a result, the name of
Guggenheim has come to have almost
limitlcss significance in financial CIR
eles, For sixty years it has stood for
libeTality TO the poor and type OF
domestic devotion that few families
equal.
1t was sixty years ago that Meyer
Guggenheim landed hero from Switzer-
land He lived first in Philadelphia,
began business there, and afterward
married in that city. All Of his seven
sons were born IN Philadelphia. they
are Isaac, Daniel, Morris, Solomon,
Benjamin, Simon and William. An are
married and all but the last named have
children, The family moved to New
York In 1890.
Future Senator Game West.
Simon Guggenheim came to Colorado
eighteen years ago, He was then 81
years old His father and older broth
ers were then N the importing business
in New York, being known already in
success. Simon Guggenheim oanae to
Colorado with two of bis brothers to
represent the father s interest in some
mines in Leadville. The Guggenheim
family soon began to embark in the
mining and smelling industry as syste-
matically as they had taken up other
lines of trade. They used their own
money. They secured only the best
expert advice They told no one their
plans. The result OF this policy was
such great success that the hnacial
world viewed their operations with
amazement Meyer Guggenheim died
in March, 1904. The seven brothers
do business at II Broadway, New York.
with his example Of sixty years con-
stantly in mind. They keep unspotted
the good name Of the family at what
ever cost. 1t cost them Sl,500:o0o tq
do it in the recent Nipissing deal, bus
the money was cheerfully paid. One
of the sterling qualities of their faith.
or was that no partner should ever suf.
fer by becoming interested with the
Guggenheims, and the sons, regarding
tho Nipissing underwriters as partners
with them, saw 10 IL that they lost
nothing
Simon Gugcenheim is a fair repre-,
sentative of the family type. The Gug,
genheims are not at all like many otheI
well-known capitalists of industry Of
the country in their attitude to thu
people. For eighteen years Simon GuCs
genheim has lived in Colorado, mans
aging the vast affairs of the smeltei
company, and In all that time he haA
never broken his word. no matter ia
whom given. The only acts he has
ever tried to conceal from the publit
are his charities. He values men first
for their honesty. and then for whas
they know. Rich and poor, high and
low, meet him on an equal foobing. II
he has fad it is the pride of his
and his family's good name. and MA
ambition is the practical developmens
of the great West. The public school
system is his constant study, and only
recently he saw the need OF improve