initially i thought this was a poorly written book, too conversational, ungrammatical at times, reciting what twigs and leaves on the gugenheim family tree did or are doing in a linear, list-making sort of way.
but after a while, the book really grew on me and i became comfortable with the writers' colloquial style and found the book interesting, especially in telling the story of the building of the gugenheim fortune in copper, tin and other metals, and then the story of how, after that business went caput and the fortune with it, certain gugenheims, mainly solomon and peggy, became giants in the world of 20th century modern art, enabling the gugenheim name to live on forever.
the first part of this book tells how a german jewish immigrant, isadore gugenheim, and his seven sons built a fortune in copper and tin out west and in south america. the gugenheim's jewishness and way of dealing with it is a fascinating topic that recurs throughout the book, evoking stephen birmingham's "our crowd" and irving howe's "world of our fathers."
the gugenheims alternately embraced and denied their judaism, and their struggle with their own identity and the identity that gentile society imposed on them is a running commentary and reflection on the decrease in antisemitism over the decades in this country, as schools or clubs that excluded earlier generations of gugenheims eagerly admitted their descendants to where their jewishness became virtually a non-issue.
the gugenheims encountered less antisemitism than many similarly situated jewish families of the early to mid 20th century, partly because they picked their spots and tried to "pass" and sometimes succeeded and avoided potentially difficult situations, or maintained their jewishness and made it a point to befriend gentiles and assimilate and get along, which made for a smoother ride in business and socially for the family.
the middle part of the book tells how harry gugenheim, the most dynamic of founding father isadore's descendants, became a major figure, from the 1920's to the 60's, in trying to preserve the family fortune and good name, and a pioneer in american aviation and friend of charles lindbergh (ironic in light of lindy's favorable feelings for nazi germany, which harry glossed over) and rocketeer robert goddard, whom harry helped fund. but for harry's money and the influx of german rocket scientists after the war, our space program would not have gotten "off the ground."
harry was astute not only in the family metallurgy business but also the newspaper business, cofounding newsday with his second wife, alicia patterson, and as a sportsman, a horseman and yachtsman, with a hunting plantation in south carolina and baronial estate on long island that is now a museum.
harry was the most superior person of the whole gugenheim clan and one of the tragedies of the family is that it did not produce his like again -- and he was painfully aware of that as he got older and saw the family in decline and tried unsuccessfully to pass his mantle of leadership onto one or another of his heirs or even recruited surrogates such as bill moyers.
the book also tells the cautionary tale of the decline of the gugenheim fortune due to bad business decisions and less able successor family members in key positions, and finally, no gugenheims willing or able to take over and lead the family business or steward its fortune, much to harry gugenheim's chagrin. the authors tell this in a way that evokes the old saying of "shirtsleeves to shirtsleeves in three generations" -- although with the gugenheims, it took more like five generations to go from their aristocratic heights back down to the upper middle class...
the last part of the book tells of the family's foray into the arts, mainly painting, and particularly of solomon gugenheim, who wisely built the famous frank lloyd wright-designed museum in midtown manhattan, and the eccentric peggy, an expatriate who lived in venice, hobnobbed with the lost generation, collected empty booze bottles and lovers, married dadaist max ernst -- and astutely put together perhaps the finest private collection of modern art ever assembled.
the book wraps up reciting in laundry-list fashion the names and stories of current gugenheim heirs, some of whom are eking out livings in out-of-the-way places, not at all carrying on in the classic manner of descendents of robber barons or industrial titans or patrons of the arts, much less even still carrying the name of gugenheim. when one compares the gugenheims with the rockefellers or vanderbilts, their wealth has come and gone. but their name -- now associated with the arts -- remains, and that, in the end, has proven to be their lasting legacy.
by the time i was done with this book, i felt i had learned all i needed to know about not only the gugenheims, but in a broader sense, also about how family fortunes are made and lost and how families handle fame and fortune -- or don't -- and how all of this happened iduring the last century and a half, against the backdrop of all that was going on, here and abroad.
that was the real achievement of this book, and what made me think in the end that it was worth the read. i recommend it, along with the biographies of rockefeller and morgan by ron chernow and jean strouse, and edmund morris's two-part biography of teddy roosevelt, to gain a complete picture of what this era and this family was like.