World Library  
Flag as Inappropriate
Email this Article

Harry Guggenheim


Harry Guggenheim

Henry Frank Guggenheim
Born (1890-08-23)August 23, 1890
West End, New Jersey, U.S.
Died January 22, 1971(1971-01-22) (aged 80)
New York, New York, U.S.
Occupation Businessman:
Newspaper publishing
racehorse owner/breeder

Henry Frank Guggenheim (August 23, 1890 – January 22, 1971) was an American businessman, diplomat, publisher, philanthropist, aviator, and horseman.


He was born August 23, 1890 in West End, New Jersey to Florence Shloss and Daniel Guggenheim. He graduated in 1907 from the Columbia Grammar School in Manhattan, and then he attended the Sheffield Scientific School of Yale University. He later left Yale and served a three-year apprenticeship at the American Smelting and Refining Company in Mexico. The company was owned by the Guggenheim family. He resumed his education in 1910 at England's Pembroke College at the Cambridge University. He earned his B.A. and an M.A. from Cambridge, both in 1913.

In 1917 he bought a Curtiss flying boat and moved to Manhasset, New York. In September 1917 he joined the United States Navy Reserve and served overseas in France, England and Italy during World War I.

In 1924, his parents established the Daniel and Florence Guggenheim Foundation and he was made a director and later president. He sponsored Robert H. Goddard's[1] private research into liquid fuel rocketry and space flight.

He provided funds for the establishment of the first Guggenheim School of Aeronautics at New York University in 1925. He became president of the Daniel Guggenheim Fund for the Promotion of Aeronautics a year later. This fund, totaling $3 million, included an equipment loan for operating the first regularly scheduled commercial airline in the United States. It also provided for the establishment of the first weather reporting exclusively for passenger airplanes.

He was the United States ambassador to Cuba from 1929 until his resignation in 1933.

National Advisory Committee of Aeronautics

In 1929, President Herbert Hoover appointed Guggenheim to serve on the National Advisory Committee of Aeronautics, a position that he held until 1938. In 1948, as president of the Daniel and Florence Guggenheim Foundation, he continued to support United States aviation progress when he helped organize the Daniel and Florence Guggenheim Jet Propulsion Center at the California Institute of Technology and the Guggenheim Laboratories for Aerospace Propulsion Sciences at Princeton University.


Guggenheim, with his third wife, Alicia Patterson, founded the newspaper Newsday in 1940. Guggenheim was president of the company, while his wife was editor and publisher until her death in 1963, then he assumed those duties until 1967. The circulation of Newsday reached 450,000 and received the Pulitzer Prize in 1954.

In 1967, he turned over the publisher position to Bill Moyers and continued as president and editor-in-chief. But Guggenheim was disappointed by the liberal drift of the newspaper under Moyers, criticizing the "left-wing" coverage of Vietnam War protests.[2][3] The two split over the 1968 presidential election, with Guggenheim signing an editorial supporting Richard Nixon, when Moyers supported Hubert Humphrey.[4] Guggenheim sold his majority share to the then-conservative Times-Mirror Company over the attempt of newspaper employees to block the sale, even though Moyers offered $10 million more than the Times-Mirror purchase price; Moyers resigned a few days later.[2][5][6] Guggenheim, who died a year later, disinherited Moyers from his will.[7]

Thoroughbred horse racing

Harry Guggenheim was a participant in the founding of the New York Racing Association. From 1929 he was a major Thoroughbred racehorse owner and breeder. His Cain Hoy Stable raced in the United States and was the owner of numerous successful horses including the 1953 Kentucky Derby winner, Dark Star and Eclipse Award winner Bald Eagle. Also he was the breeder and owner (until Harry's death) of Ack Ack who is in the Thoroughbred Hall of Fame and was in 1971 Horse of the Year.


He died of cancer on January 22, 1971 at Memorial Sloan–Kettering Cancer Center in New York City. He was buried in the Salem Fields Cemetery in Brooklyn, New York.


Further reading

External links

  • United States Naval Academy
Diplomatic posts
Preceded by
Noble Brandon Judah
United States Ambassador to Cuba
Succeeded by
Sumner Welles

This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.

Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.