One fine day in the balmy summer of 1929 Secretary of War James William Good, seven Governors, a bevy of Congressmen, some foreign delegates and Sousa's Band turned up in Minneapolis for the dedication of the Foshay Tower—a 32-story skyscraper modeled after the Washington Monument. That was the biggest day in the life of Wilbur Burton Foshay, utilitycoon. Within two months his whole inflated superstructure of utility, finance and real-estate companies collapsed with a $20,000,000 thud. W. B. Foshay went looking for a new job.
He found one in Salida, Colo. (pop....
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