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Wilbur B. Foshay
Wilbur B. Foshay (1881–1957) was an American businessman, who built a fortune buying utilities throughout the Midwest in the early 20th century. Foshay had built up three different utility company empires; selling each one in turn to fund the acquisition phase of the next. His second empire included three utility companies that served the Crookston, Bemidji, and Hallock areas in northern Minnesota (all are today served by Otter Tail Power Company). As he worked on his third and largest utility empire, Foshay built the Foshay Tower in Minneapolis, Minnesota, which opened in August 1929. In 1932 he was convicted of conducting a "pyramid scheme A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products. As recruiting multiplies, recruiting becomes quickly im ..." with shares of his own stock. He was sentenced to 15 years in prison. President Frankli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ossining (village), New York
Ossining is a village in Westchester County, New York, United States. The population at the 2020 United States census was 27,551, an increase over 25,060 at the 2010 census. As a village, it is located in the town of Ossining. Geography Ossining borders the eastern shores of the widest part of the Hudson River, the Tappan Zee. According to the United States Census Bureau, the village has a total area of 6.3 square miles (16.4 km2), of which 3.2 square miles (8.3 km2) is land and 3.1 square miles (8.1 km2) (49.37%) is water. Demographics As of the 2010 United States Census, there were 25,060 people living in the village. The racial makeup of the village was 61.8% White, 15.6% Black, 0.1% Native American, 4.2% Asian, <0.1% Pacific Islander, 0.4% from some other race and 1.3% from two or more races. 41.4% were Hispanic or Latino of any race. According to the 2020 |
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hastings, Minnesota
Hastings is a city mostly in Dakota County, Minnesota, of which it is the county seat, with a portion in Washington County, Minnesota. It is near the confluence of the Mississippi River, Mississippi, Vermillion, and St. Croix River (Wisconsin-Minnesota), St. Croix Rivers. Its population was 22,154 at the 2020 United States census, 2020 census. It is named for the first elected governor of Minnesota, Henry Hastings Sibley. The advantages of Hastings's location that led to its original growth are that it is well-drained, provides a good riverboat port, and is close to a hydropower resource at the falls of the Vermillion River (Minnesota), Vermillion River. Other sites closer to the river confluence are either too swampy (Dakota County) or too hilly (Washington County and Pierce County, Wisconsin). U.S. Route 61 in Minnesota, U.S. Highway 61 and Minnesota State Highways Minnesota State Highway 55, 55 and Minnesota State Highway 316, 316 are three of Hastings's main routes. Histor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Columbia University
Columbia University (also known as Columbia, and officially as Columbia University in the City of New York) is a private research university in New York City. Established in 1754 as King's College on the grounds of Trinity Church in Manhattan, Columbia is the oldest institution of higher education in New York and the fifth-oldest institution of higher learning in the United States. It is one of nine colonial colleges founded prior to the Declaration of Independence. It is a member of the Ivy League. Columbia is ranked among the top universities in the world. Columbia was established by royal charter under George II of Great Britain. It was renamed Columbia College in 1784 following the American Revolution, and in 1787 was placed under a private board of trustees headed by former students Alexander Hamilton and John Jay. In 1896, the campus was moved to its current location in Morningside Heights and renamed Columbia University. Columbia scientists and scholars have ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Entrepreneur
Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones. An entrepreneur is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards.The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, which is often similar to a small business, or as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit." The people who create these businesses are often referred to as entrepreneurs. While de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Otter Tail Power Company
Otter Tail Corporation is an energy company based in Fergus Falls, Minnesota, Fergus Falls, Minnesota. Its main subsidiary is the Otter Tail Power Company. As of 2007, Otter Tail Power Company serves at least 423 towns at retail and delivers power to about 14 municipal utilities. The company currently has a workforce of over 750 employees, a generating capacity of 660 megawatts, and owns over of electrical power transmission lines (the majority of which are operated at 41.6 kV). The company serves 128,500 customers in North Dakota, Minnesota, and South Dakota. History The company was incorporated in 1907 when funds were secured to begin construction of the Dayton Hollow Dam southwest of Fergus Falls. Once the dam came online in April 1909, the company transmitted power at 22 kV over a line to serve the customers of the Northern Light Electric Company at Wahpeton, North Dakota, Wahpeton, North Dakota. Shortly thereafter, contracts were secured to provide power at wholesale to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foshay Tower
The Foshay Tower, now the W Minneapolis – The Foshay hotel, is a skyscraper in Minneapolis, Minnesota. Modeled after the Washington Monument, the building was completed in 1929, months before the stock market crash in October of that year. It has 32 floors and stands high, plus an antenna mast that extends the total height of the structure to . The building, which was added to the National Register of Historic Places in 1978, is an example of Art Deco architecture. Its address is 821 Marquette Avenue, although it is set well back from the street and is actually closer to 9th Street than Marquette. Early skyscraper The Foshay Tower marked a significant landmark locally in the push skyward, as the tower was the first in the city to surpass the height of Minneapolis City Hall, completed in 1906. It remained the tallest building in Minneapolis until the IDS Center surpassed it in 1972. Elevators served the 32-floor tower and the observation deck. The elevators were converted to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minneapolis
Minneapolis () is the largest city in Minnesota, United States, and the county seat of Hennepin County. The city is abundant in water, with thirteen lakes, wetlands, the Mississippi River, creeks and waterfalls. Minneapolis has its origins in timber and as the flour milling capital of the world. It occupies both banks of the Mississippi River and adjoins Saint Paul, the state capital of Minnesota. Prior to European settlement, the site of Minneapolis was inhabited by Dakota people. The settlement was founded along Saint Anthony Falls on a section of land north of Fort Snelling; its growth is attributed to its proximity to the fort and the falls providing power for industrial activity. , the city has an estimated 425,336 inhabitants. It is the most populous city in the state and the 46th-most-populous city in the United States. Minneapolis, Saint Paul and the surrounding area are collectively known as the Twin Cities. Minneapolis has one of the most extensive public par ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pyramid Scheme
A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products. As recruiting multiplies, recruiting becomes quickly impossible, and most members are unable to profit; as such, pyramid schemes are unsustainable and often illegal. Pyramid schemes have existed for at least a century in different guises. Some multi-level marketing plans have been classified as pyramid schemes. Concept and basic models In a pyramid scheme, an organization compels individuals who wish to join to make a payment. In exchange, the organization promises its new members a share of the money taken from every additional member that they recruit. The directors of the organization (those at the top of the pyramid) also receive a share of these payments. For the directors, the scheme is potentially lucrative—whether or not they do any work, the organization's membership has a strong ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frontier Communications
Frontier Communications Parent, Inc. (known as Citizens Utilities Company until May 2000 and Citizens Communications Company until July 31, 2008) is an American telecommunications company. The company previously served primarily rural areas and smaller communities, but now also serves several large metropolitan markets. In addition to local and long-distance telephone service, Frontier offers broadband Internet, digital television service, and computer technical support to residential and business customers in 29 states in the United States. Frontier has 3,069,000 broadband Internet subscribers and 485,000 video subscribers. The company filed for bankruptcy in April 2020. History Originally based in Minneapolis, Citizens Utilities Company was formed from remnants of Public Utilities Consolidated Corporation, owned by Wilbur B. Foshay, in 1935. As the post-war years started, the company caught the interest of a New York investor. Thirty-year-old Richard Rosenthal was named pres ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Businesspeople From Minneapolis
A businessperson, businessman, or businesswoman is an individual who has founded, owns, or holds shares in (including as an angel investor) a private-sector company. A businessperson undertakes activities (commercial or industrial) for the purpose of generating cash flow, sales, and revenue by using a combination of human, financial, intellectual, and physical capital with a view to fueling economic development and growth. History Prehistoric period: Traders Since a "businessman" can mean anyone in industry or commerce, businesspeople have existed as long as industry and commerce have existed. "Commerce" can simply mean "trade", and trade has existed through all of recorded history. The first businesspeople in human history were traders or merchants. Medieval period: Rise of the merchant class Merchants emerged as a "class" in medieval Italy (compare, for example, the Vaishya, the traditional merchant caste in Indian society). Between 1300 and 1500, modern accountin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1881 Births
Events January–March * January 1– 24 – Siege of Geok Tepe: Russian troops under General Mikhail Skobelev defeat the Turkomans. * January 13 – War of the Pacific – Battle of San Juan and Chorrillos: The Chilean army defeats Peruvian forces. * January 15 – War of the Pacific – Battle of Miraflores: The Chileans take Lima, capital of Peru, after defeating its second line of defense in Miraflores. * January 24 – William Edward Forster, chief secretary for Ireland, introduces his Coercion Bill, which temporarily suspends habeas corpus so that those people suspected of committing an offence can be detained without trial; it goes through a long debate before it is accepted February 2. * January 25 – Thomas Edison and Alexander Graham Bell form the Oriental Telephone Company. * February 13 – The first issue of the feminist newspaper ''La Citoyenne'' is published by Hubertine Auclert. * February 16 – The Canad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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