Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-29
.GUGGENHE|M DIES
OF HEART DISEASE
Mining Magnate and Patron
of AeronauticS Was
IA Years Old.
By the Associated Press.

BY the Associated Press.
PORT WASHINGTON, N. Y, Sep
TENDER 29-Daniel Guggenheim, mem
Der of the Guggenheim family of min
ing magnates and widely known as a
patron of aeronautics, died yesterday of
heart disease at his estate, Hampstead
House. He was "A years old.
He was in poor health when he re-
turned from Europe September IS and
took to his bed last Friday.
Mrs. Guggenheim, his son, Harry r.
Guggenheim, Ambassador to Cuba, and
daughter, Mrs Robert w. Straus, were
present when he died. Col. Robert M.
Guggenheim, u. s. A, was summoned
from Washington. Former Senator
Simon Guggenheim, brother, Is ex-
pected to arrive from Europe tomorrow
on the liner lie de France S. r. Gug-
genheirn, another brother, was with the
family.
One of Seven Sons.
Mr.. Guggenheim was one of the seven
sons of the late Meyer Guggenheim and
q member of the firm of M. Guggen-
helm 81 Sons, which controls the vast
mining interests of the family in this
country, Alaska, Mexico, Africa, South
America and Asia. The family fortune
Is rated as one of the greatest in
In addition to his numerous philan-
thropieS, many of them anonymous, Mr..
Guggenheim gave millions to the fur
therance of the science of aeronautics.
He founded the Daniel Guggenheim
fund for the promotion of aeronauticS
with an initial donation of $2,500,000.
Before the foundation was dissolved at
the end of last year approximately
$5,0O0,0O0 had been expended through it.
One of Gerard's List.
AS head of the Guggenheim copper
and smelling interest, he was named by
James w. Gerard in his recent list OF
rulers of America"
He frequently expressed his belief In
the right of workers to unionize, de-
claring that unionism helped the work.
ers in their disputes with capital when
capital became arbitrary.
Business Given to Son.
After many active years, Mr.. Gug-
genheim gradually withdrew from bust
ness until he had no official connection
with 1t, having transferred most of his
responsibilities to his son, Harry F.
Guggenheim.
During his active business career
Mr.. Guggenheim gave much in philan-
thropies. After his retirement he de-
voted himself to dispensing generously
of his wealth in that direction, as we'll
as in the promotion of aeronautics.
The elimination of his philanthorpic
activities was the formation in Janu-
airy, 1924, of the Daniel and Florence
Guggenheim Foundation created by
himself, his wife and their children
The foundation was heavily endowed
and its charter stated its purpose to
be 'the promotion, through charitable
and benevolent activities, of the we'll
being of mankind throughout the
world"
Late in 1926 the aeronautics fund
financed countrywide tour of the
North Pole airplane Of Comdr. Richard
e. Byrd for the purpose of focusing at
tention on the development of aircraft
and the need of municipal airports.
For the same purpose the fund spon-
sored the tour of Col. Charles A. Lind
bergh after his return from his his
toric flight to Paris. On that tour
Col. Lindbergh visited at least one city
| in each of the 48 States, flying his
famous plane, the Spirit Of st. Louis
The firm Of M. Guggenheim 81 Sons
was formed and in 1889 the family and
business were removed from Philadel-
phia to New York. The firms first
venture in the smelling and refining
| of copper was with small smelter al
Pueblo, Colo. From this grew the ex-
tensive Guggenheim interests and enter
| priseS.