Arizona republican., 1917-06-17
ONE PER CENT COPPER NOW PROFIT ABLE IN ARIZONA
HOW GWGGlEN[HllEIM
 GOT INTO COPPER

The Guggenheim is perhaps the most remarkable family In many re- spects which ever came to America Meyer GuggenheInl, the founder of the family, was a peddler of faces and glue in the streets of Philadelphia, and it was largely a matter of accident that he was a founder of the family and that he also later in his life founded a dynasty upoE the smelter business.
 The father of the family came from Langnan, Switzerland, with his father many years ago. Aboard the same ship was Barbara Myer, a girl of thrifty stock. Meyer Guggenheim married the girl and thus in time founded his dynasty. Their first son, Isaac Guggenheim, was born in 1854. The family, in course of time, became ambitious for celebrity. Seven sons were born to them. Meyer Guggen- helm was a peddler of stove polish. He bought gross or so of packages at a time from a Philadelphia firm.
 One day Meyer Guggenheim asked the jobber where he got the polish and was told from the people who made it. The next question asked was. How do they make it?" The jobber couldn't say. But Meyer Gug- genheim wanted to know and kept at it until he found out how they made it. The result was that he made the polish himself that he sold. thus sav- ing in the operation the profit which the manufacturers and the jobber had made out of him. From this came the policy which has resulted in the smelt- CT industry and the elevation of the family which stands unique in America in industrial history.
 Meyer Guggenheim was always in quisitive; always seeking exact knowl- edge wherever he could in different fields of activity. It was not long be- fore his life in the streets was left to individual peddlers of small articles. He was a martinet in his family. His children must be educated. He stop ped at nothing to serve this end. There were eight sons and three daughters and as soon as they were old enough
 
 in Philadelphia. Isaac Guggenheim, the oldest boy, went no further than the high school.
 Embroidery Business Grows
 From there he was taken right into his fathers business, the business of lace and embroideries. By this time it had grown to be a business of inn hi of made articles, large amounts of which came from a lace and embroidery house in Switzerland. A New York 1 office followed and the business kept growing.
 As the sons came along in age they were taken into the business. But in a few years Meyer Guggenheim was fast becoming a rich man. To the second son, David, he said, You will go back to Switzerland and then you will learn the business first hand. When you come back you will know how to buy laces. Go and learn the language. Don't lose your head in over confidence and vanity. You must loose nothing
 
 lost nothing. He returned 25 years ago and was staunch, clear headed and as vital as he is today. In 1881, 30 years after the little Swiss immigrant had begun peddling laces in the streets of Philadelphia, there were four sons Isaac, David, Maurice and Solomon They were still in the lace business nd had nf the largest importers of lace in Amer ica. But the name of the father had not yet made a reputation in Colorado But the name of the firm changed Meyer Guggenheim changed it to read "M. Guggenheim Sons.''
 The old father stipulated that the younger boys as they grew up, after the four years just mentioned, should be taken into the firm on equal terms Today in any office of each son there hangs portrait of his father.
 Here Is the Way They Got Into the
 Shelter Industry
 This is how they got into the smelt- ing business: A friend who had got pinched in Wall street made for the office of the Guggenheims and began looking for help. He needed some money at once He represented his case to Meyer Guggenheim, saying. T have a mine at Leadville, Colorado, will give you half of it for S10,00O"
 MT. Guggenheim knew nothing about silver mining, but was in sympathy with his friend and was willing to helr fy-ia hn ha and took half of the mine.
 That is one of the stories, but there are several others. This, however, has been accepted as a probable statement