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'''William Hood Dunwoody''' (March 14, 1841 – February 8, 1914) was an American banker, miller, art patron and philanthropist. He was a partner in what is today [[General_Mills#History|General Mills]] and for thirty years a leader of Northwestern National Bank, today's [[Wells Fargo]].<ref name=100Years />
'''William Hood Dunwoody''' (March 14, 1841 – February 8, 1914) was an American banker, miller, art patron and philanthropist. He was a partner in what is today [[General_Mills#History|General Mills]] and for thirty years a leader of Northwestern National Bank, today's [[Wells Fargo]].<ref name=100Years />


Dunwoody sold large quantities of American flour to British bakers,<ref name=Gray33-34>Gray, pp. 33–34.</ref> by 1901 Dunwoody was one of sixteen millionaires in [[Minneapolis]], Minnesota.<ref name=FindAGrave /> He is remembered today for his bequests that created the Dunwoody Institute (now called the [[Dunwoody College of Technology]]) and The William Hood Dunwoody Fund of the [[Minneapolis Institute of Art]].
Dunwoody sold American flour to British bakers, creating an export market which caused [[Minneapolis]] to become for a time the world's center of flour milling. By 1901, he was one of sixteen millionaires in Minneapolis, Minnesota.<ref name=FindAGrave /> He is remembered today for his bequests that created the Dunwoody Institute (now called the [[Dunwoody College of Technology]]) and The William Hood Dunwoody Fund of the [[Minneapolis Institute of Art]].


==Early years and family==
==Early years and family==

Revision as of 17:45, 13 September 2015

William Hood Dunwoody
portrait of a man in his sixties or seventies wearing a suit seated at a desk
Portrait of William Hood Dunwoody
by Julian Russell Story (1911)
Born(1841-03-14)March 14, 1841
Westtown, Pennsylvania
DiedFebruary 8, 1914(1914-02-08) (aged 72)
Minneapolis, Minnesota
NationalityAmerican
Occupationbusinessperson

William Hood Dunwoody (March 14, 1841 – February 8, 1914) was an American banker, miller, art patron and philanthropist. He was a partner in what is today General Mills and for thirty years a leader of Northwestern National Bank, today's Wells Fargo.[1]

Dunwoody sold American flour to British bakers, creating an export market which caused Minneapolis to become for a time the world's center of flour milling. By 1901, he was one of sixteen millionaires in Minneapolis, Minnesota.[2] He is remembered today for his bequests that created the Dunwoody Institute (now called the Dunwoody College of Technology) and The William Hood Dunwoody Fund of the Minneapolis Institute of Art.

Early years and family

Dunwoody attended the Hood Octagonal School, built by his father, James Dunwoody, in 1842.[3]

Of Scottish descent, Dunwoody was a Quaker[4] but he worshiped as a Presbyterian at Westminster Presbyterian Church.[5] In 1684, his maternal ancestors John and Ann Hood and their family emigrated from Castle Donington in Leicestershire, to Pennsylvania. Dunwoody visited the area in 1893, when he and the genealogist he hired tried and failed to find a Quaker meeting place.[6]

He was born March 14, 1841, in Westtown, Pennsylvania, about eleven miles from Philadelphia,[7] to James and Hannah (Hood) Dunwoody,[2] who were farmers.[8] He had two brothers, Evan who lived in Colorado Springs and survived him and John who died in Minneapolis.[5] Dunwoody went to local country schools, and at fourteen he attended an academy in Philadelphia. Dunwoody then worked for five years with his uncle, Ezekiel Dunwoody, who owned a grain and feed business in Philadelphia. Then as senior partner at age 23, he started his own business, Dunwoody & Robertson, and became a flour merchant.[9]

He and Kate L. Dunwoody (Katie L. Patten) married in 1868; they had no children.[8] They made a permanent move to Minneapolis in 1869, when Dunwoody was 28.[9] William Channing Whitney[10] built their first home at Mary Place & 10th Street in 1882, and they later donated the house to the Woman's Boarding Home.[5]

Whitney built their second home in 1905.[10] Called Overlook, the Tudor Revival house had forty-two rooms.[10] Part of a twenty-year battle between the neighborhood association and the developer,[11] it was demolished in 1967.[10]

Minneapolis flour milling

The Arctic and Union mills are at left (pictured in 1878).

To start, Dunwoody represented businesses in the east as a flour buyer.[12] In 1871, his business was organized as Tiffany, Dunwoody & Co., under which he owned and managed the Arctic mill; Dunwoody also owned and managed the Union mill and was a member of H. Darrow & Company.[9][12]

Dunwoody distinguished himself by organizing the Minneapolis Miller's Association, under which millers for a time co-operated in buying wheat.[12] The organization became the Minneapolis Chamber of Commerce.[5]

Washburn, Crosby Co. advertisement, late 1880s

He agreed with Cadwallader C. Washburn that flour could be sold directly to the United Kingdom and in 1877 Washburn arranged his trip there.[12] Through "clouds of insults, uncertanties, and rumors," "Dunwoody made his quiet way."[13] Eventually in 1878 English bakers realized that American flour made more loaves per barrel than English flour.[13] Dunwoody overcame "most determined opposition", successfully arranged for direct export,[12] and set patterns of business that persisted for years.[13] Exports increased from a few hundred barrels in 1877 or 1878 to four million barrels in 1895.[13] By 1900, exports peaked at about one third the output of Minneapolis mills.[14]

Vicinity of the Dunwoody home in Minneapolis. A townhouse project replaced the house in 1981, a decade after it had been demolished.[11]

He became a silent partner in Washburn-Crosby & Company[15] (which became General Mills) with Washburn, John Crosby and Charles Martin.[12] There he oversaw the development of the production of "new process" white flour.[10] The prevailing motto of the time, reflecting Dunwoody's influence and the company's deep conservatism, was, "Addition, division, silence."[16] A reserved and shrewd capitalist,[17] he served a time as vice president of the company and was sometimes in demand because of his banking connections.

In 1888 after C. C. Washburn had died and the year when Dunwoody himself was physically ill,[5] he traveled to Philadelphia to recruit James Stroud Bell (father of James Ford Bell who founded General Mills in 1928). After the Pillsbury company was sold to foreign investors, in 1889 Dunwoody helped Bell stop an English syndicate from buying their company.[18] Then United States Milling Company of New York started to speculate and succeeded in buying the rival Northwestern Consolidated. In 1898, Dunwoody bought 75% of his company from the surviving Washburn brothers, preventing a takeover, and making the company operators its owners for the first time.[19]

Other affiliations

He was vice president of the Minneapolis Loan & Trust Co.[2] (formally merged with Northwestern in 1934[20]), and at various times president and chairman of the board of Northwestern National Bank (today known as Wells Fargo).[21] Dunwoody was an organizer of the Minneapolis chamber of commerce, and president of the Minneapolis Society of Fine Arts. He was president of the St. Anthony & Dakota, and vice president of the Duluth and the St. Anthony Elevator companies;[12] and president of the Barnum Grain Company. He was a director of the Great Northern Railway.[9]

Death

Dunwoody was ill for six months, reportedly from a heart ailment, and died at his home (104 Groveland Terrace in Minneapolis) on February 8, 1914.[5] Kate Dunwoody died the following year.[22] The couple are buried in Lakewood Cemetery.[23]

Legacy

Dunwoody College of Technology, endowed in 1914 and 1915 by Dunwoody and his wife Kate, celebrated its centennial in 2015.[1]

Of a total of $4.6 million in gifts in his will, Dunwoody gave $2 million in order to build an industrial trade school for young people,[2] with a focus on handicrafts, useful arts, the milling arts, and construction of milling machinery.[24] Dunwoody felt the entire milling business was threatened by the tendency of young people to enter the "office end" of the business after they graduated from high school.[24] Kate Dunwoody gave an additional $1.6 million on her death in 1915.[1] In 1998, the institute was accredited by The Higher Learning Commission to award bachelor's degrees.[1] Today known as Dunwoody College of Technology, it occupies a campus near downtown Minneapolis. As of 2015, Dunwoody offers workforce training and continuing education, and programs in applied management, automotive, computer technology, construction sciences and building technology, design and graphics technology, health sciences and technology, and robotics and manufacturing.[25]

Dunwoody was one of the first donors for the Minneapolis Institute of Art building designed by McKim, Mead & White.[26]

The William Hood Dunwoody Care Center in Newtown Square, Pennsylvania, earned 5 of 5 stars as one of the nation's best nursing homes according to U.S. News & World Report in 2015.[27] [28] Dunwoody left one million dollars in his will to build a retirement village in his birthplace.[29]

Dunwoody started Abbott Hospital for Dr. Amos Abbott, who had operated successfully on Kate Dunwoody.[30] The hospital was owned until 1963 by Westminster Presbyterian Church; it merged with Northwestern Hospital to become Abbott Northwestern Hospital and later became part of Allina Health.[30]

The Minneapolis Institute of Art purchased Lucretia (1666) by Rembrandt van Rijn, considered one of the finest Rembrandts in America,[31] with funds from the William Hood Dunwoody Fund of one million dollars.[32] Among thousands of other works,[1] they also bought Olive Trees (1889) part of the final series by Vincent van Gogh.[31] At her death in 1915, Kate Dunwoody gave the institute their personal collection. It included two major works by Constant Troyon, a small work by Jean-Baptiste-Camille Corot, a George Inness and work by Thomas Cole.[33]

Some of the thousands of works from the Minneapolis Institute of Art purchased with The William Hood Dunwoody Fund:

Notes

  1. ^ a b c d e "100 Years of Excellence in Technical Education" (PDF). Dunwoody College of Technology. Spring 2014. Retrieved August 16, 2015. {{cite web}}: line feed character in |title= at position 24 (help)
  2. ^ a b c d "William Hood Dunwoody". Find A Grave. Retrieved August 16, 2015.
  3. ^ Some sources say it was build by a great grandfather named James Hood. Deferring to the historical society, that it replaced an earlier school, in: "Hood Octagonal Schoolhouse". Newtown Square Historical Society. Retrieved August 21, 2015.
  4. ^ Gray, pp. 34, 43.
  5. ^ a b c d e f "William H. Dunwoody Dies". Commercial West. 25. Commercial West, Co. 1914.
  6. ^ Cope, Gilbert (1899). Genealogy of Dunwoody and Hood Families: And Collateral Branches. Tribune Printing Co. via Internet Archive. p. 74. LCCN 37016952.
  7. ^ Banking Publicity Assn. of the United States (1914). "The Minnesota Loan and Trust Company Appointed Steward of Magnificent Dunwoody Bequests". Trust Companies. 18. Trust Companies Pub. Association.
  8. ^ a b "Dunwoody, William Hood (1841 - 1914), Capitalists / Financiers, Flour Milling Industry Leaders". American National Biography Online, Oxford University Press. February 2000. ISBN 9780198606697. Retrieved August 16, 2015.
  9. ^ a b c d "Obituary: William H. Dunwoody". The Banking Law Journal. 31. Knickerbocker Print. Company via Google Books: 185. 1914.
  10. ^ a b c d e Millett, Larry (2011). Once There Were Castles: Lost Mansions and Estates of the Twin Cities. U of Minnesota Press. p. 259. ISBN 9781452933115.
  11. ^ a b Two different addresses have been reported. This paper by Landscape Research LLC says it was 104 Mount Curve Avenue. An obituary in Commercial West from 1914 says it was 104 Groveland Terrace. Larry Millett says in Once There Were Castles: Lost Mansions and Estates of the Twin Cities ISBN 1452933111 that the house was at 104 Groveland Terrace "(also 1200 Mount Curve Avenue)". Landscape Research LLC. "The East Isles Neighborhood:Historic Context Study" (PDF). East Isles Residents Association. Retrieved August 20, 2015.
  12. ^ a b c d e f g Century Publishing and Engraving Co (1900). Encyclopedia of Biography of Minnesota. Higginson Book Company.
  13. ^ a b c d Cite error: The named reference Gray33-34 was invoked but never defined (see the help page).
  14. ^ Gray, p. 41.
  15. ^ Gray, p. 35.
  16. ^ Gray, p. 186.
  17. ^ Gray, p. 279.
  18. ^ Gray, pp. 45–49, 50.
  19. ^ Gray, p. 62.
  20. ^ Historical Note. "Northwest Bancorporation: An Inventory of the Records of Its Member Banks". Minnesota Historical Society. Retrieved August 29, 2015.
  21. ^ Herringshaw, Thomas William (1914). Herringshaw's American Blue-book of Biography. American Publishers' Association via Google Books.
  22. ^ "Kate L. Dunwoody". Find A Grave. Retrieved August 18, 2015.
  23. ^ The Dunwoody Obelisk in section 10 is part of a tour of Lakewood Cemetery, in "Lakewood Cemetery: A Self-Guided Tour" (PDF). Lakewood Cemetery. Retrieved August 21, 2015.
  24. ^ a b "Dunwoody left $8,000,000". The New York Times. February 15, 1914. Retrieved August 16, 2015.
  25. ^ "Full List of Academic Programs". Dunwoody College of Technology. Retrieved August 16, 2015.
  26. ^ Gihring, Tim (January 1, 2015). "Mia Stories". Minneapolis Institute of Art. Retrieved August 18, 2015.
  27. ^ "William Hood Dunwoody Care Center". U.S. News & World Report. 2015. Retrieved August 16, 2015.
  28. ^ "Our History". Dunwoody Village. Retrieved August 16, 2015.
  29. ^ "Part III – Chapter 3 – Three Philanthropists". Newtown Square Historical Society. Retrieved August 16, 2015.
  30. ^ a b "A century of history - snippets and notes". Action Squad. Retrieved August 16, 2015.
  31. ^ a b "Highlights of the Collection" (PDF). Minneapolis Institute of Art. Retrieved August 16, 2015.
  32. ^ "This fund can only be used for the purchase of works of art." in Handbook of the Minneapolis institute of arts. Minneapolis Institute of Art via Google Books. 1922. p. viii.
  33. ^ "An Important Bequest of Paintings". ArtsConnectEd. Retrieved August 16, 2015.

Bibliography

  • Gray, James (1954). Business without Boundary: The Story of General Mills. University of Minnesota Press. LCCN 54-10286.
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