Guggenheim, Daniel(1856–1930) industrialist, philanthropist; born in Philadelphia (son of Meyer Guggenheim). He studied the making of embroidery and lace in Switzerland (1874–84) and then turned to the new family business of mining and metals processing. As head of the American Smelting and Refining Company (1901–19) he extended its operations into Alaska, Africa, and South America. Among his many philanthropic interests, he subsidized free band concerts in New York City and promoted safe flying through the Daniel Guggenheim Fund for the Promotion of Aeronautics.
The Cambridge Dictionary of American Biography, by John S. Bowman. Copyright © Cambridge University Press 1995. Reproduced with permission.