Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-03-01
MINING, BUSINESS AND STOCKS.
EXTENDING OF GREAT
HOUSE OF GUGGENHEIM
Has Oycrrun United States. Mexico
Canada and Alaska. and Iattcriv
Has Dclycd into south Africa.

Guggerheim2 Whore have we heard
that name betore2 ON. yes-pretty
nearly everywhere since we think of
90, The Guggenhcims have become all
most ubiquitous Boz The past few years
They have ovcrrun the United States.
deNco. canada and Alaska and lat
tcrIy have deNed into the depths OF
South Africa The seven Sutherland
sisters gained much uotor.cty because
~ their hair and how they got g. The
seven Guggcuncim brothers are noted
because ~ their gold and now they
got b. The sutherland sisters are not
sisters however. while the Guggeu-
helm brothers are really brothers. says
Robert Donuell In the Washington
Herald
Just now the Gureenhoims are
little more boo the pIhHe eye than
usual because they, or rather, one u
The two gigantic corporations which
stand for them Individually and COLI
lcctlvely. has been mentioned boo cou-
uectiOn with the charges ngainss
Richard a Baliingcr. secretary of the
interior. now being probcl by am I'M
vcstigat|uE committee OF congressman.
There have been vague hints and Sly
lrfinuationa 20 the effect that the Gug-
reuheIms were the Interests" behind
the Alaskan coal and mining land
claims which the clifford Pinchot side
of the cuutroyorsi alleges Secretary
Ballingor was too free 10 grant.
Possibly the inquiry viii determine
the point The present interest is I'm
the personality and the performance
N the GugEonhcims. who constitute
perhaps the most aggressive Pleiades
of promoters and developers that ever
flashed across our commercial and in
dustrial armament
ONE A SENATOR
one 81 them. the next 10 the young
est. is member of the United states
senate from Colorado but ne appears
TO regard that high position merely
as incidental To- his career. Such d.
the ingenuousness OF youth with IFS
mouth fun OF golden spoons
The Guggeuheims happened upon the
American horizon only 81 years ago.
yet all the seven brothers are born
Americans. Isaac the eldest, was
born the year after his father, Meyer
GugEenheim. "a sturdy Swiss, stepped
from the steerdge Of "a vessel In Phila-
dciphia. With Meyer stepped ashore
Barbara Myers peasant girl whom
the Swiss peasant had met in the
stecrage. There is lovemaking aboard
ship. even I'm tho Businesses Of the
third class accommodations Meyer
and Barbara made 10 up between
them that they would wed just as soon
as prospects permitted few months
later prospects readily granted the
permission.
The young couple settled down I'm
Philadelphia. where they lived happily
ever afterward until they removed
many years later To- "a home on River
a
IN Increasing happiness. with seven
mlllionaires. an their sons. growing
up around them Meyer Guggenheim
died In 1904
The sons are Isaac. Daniel Murray.
Solomon. Benjamin, simon and VII
liam. The father was first "a peddler in
Philadelphia, saving up money 70 be-
gin importing laces He built up the
largest lace importing house IN this
country. As his sons grew up they
learned the lace business and promised
20 carry 10 on with true Guggenheim
aggrcssiycness. But fate or fortune
had iu store for them another indus
trial destiny Father Guggenheim
along about lsSS was induced TO invest
In some Colorado silver mine stock.
Most Of such investors sat down and
took their medicine when they found
themselves bunkoed Meyer Guggen-
helm didn't He travelled TO Colorado
when ne saw the bottom begin 10 drop
out Tie took personal charge OF his
mining interests and discovered that.
after an. there were fortunes To- bee dug
out OF the ground blasted from tho
basalt gored from tho abdomen OF tho
earth.
ERECTs sMELTER.
Tho elder Gugsenheim found Il ad
visable TO erect a smslter. He found
IL advisable and agreeable also 70
wrench his dutiful sons away from the
highly refined leco fabric line and edu-
cate them In the handling OF crude,
plebeian ores. From that first smoiter
grew what Is called the smclter trust
by the general public and the Ameri-
can Smclting and Refining company by
the Guggenheims. vino comprise tho
seven component parts of the trust
Later came the Guggouhcim EXplora-
tiou company. an 0nshoot and CON
comitaut OF the smelling company.
with smelters strung along from Alas
kan glaciers Co Mexican wildernesses,
the Guggenhcims sighed for now
worlds 20 conquer They perceived
that the earth had been merely tickled
for minerals. The exploration COM
panv became what les name implies--
an exploration expedition. 10 sent IFS
agents into many lands. seeking and
acquiring new mineral properties.
Wealth grows OF aocretion The many
millions OF the Guggenheims became
many moro millions.
simon Guggonheim az 80 years Of age
was elected by the Colorado Legislature
in 1905 90 succeed Senator Thomas NJ
Patterson. Democrat. senator Guggeu-
helm is "a Republican. His nght for the
seat was furious and fast u was all
legged that De- spent half "a million dol
lars in his campaign He admitted
without reservation 90 a magazine writ
or that he paid the campaign expenses
of MANY Republican candidates for the
legislature 1ll Of whom voted for HIM
senator Guggeubeim had spent 10 years
JAS resident OF Colorado. having be-
come the head off the smclter trust His
voice bias not been heard very FAR be-
vond tho senate chamber since De took
his seat and NOT very loudly therein
~ was pretty custom of the Gus
gcnhelms 90 gather once a. year az tho
parental home iu New York in Cd big
family reunion. From Europe Mexico.
Colorado and tho other way stations OF
the smeltor TRUST and tho exploration
expeditions the scven brothers and thgir
Increasing families visited tho old home
folks and paid thoir rlal respects
FIND ANOTHER GOLD CAN'T.
a new gold camp. which gives prom