Business & Finance: Tower Sale

In the balmy summer of 1929, President Hoover's Secretary of War James William Good went to Minneapolis to help dedicate a great building. On hand for the same purpose were Congressmen, foreign delegates, seven Governors, Sousa's Band. Built with the profits from countless utility promotions and designed to resemble the Washington Monument, the 32-story structure was equipped with sumptuous living quarters for its owner, whose name was displayed in great black letters on all four sides—FOSHAY. Even more remarkable than his tower was Wilbur Burton Foshay, over whose desk used to hang the...

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