(This scarce antiquarian book is a facsimile reprint of th...)
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(This book was originally published prior to 1923, and rep...)
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William Hood Dunwoody was born on March 14, 1841 in Westtown, Pennsylvania, United States. He was of Scotch ancestry, the son of James and Hannah (Hood) Dunwoody. His father as well as three generations before him had been farmers in this county.
William attended the country schools until he was fourteen, when he was sent to an academy in Philadelphia for four уears.
At the conclusion of his course there, he entered the office of his uncle, Ezekiel Dunwoody, who was in the grain and feed business in that city.
At the age of twenty- three Dunwoody set out for himself and became the senior member of the firm of Dunvvoody & Robertson, flour merchants in Philadelphia.
Aware of the growing flour industry of Minneapolis, Dunwoody went there in 1869 to purchase flour for eastern firms.
Presumably he was very favorably impressed with Minneapolis, for two years later he moved there, making it his permanent home.
It had always been his ambition to own and operate a flour-mill, and, immediately upon establishing his residence in Minneapolis, he became a partner in two milling firms in that city.
In 1875 he helped to organize the Minneapolis Millers’ Association for the purpose of buying wheat for local mills and acted as its general agent, but the association was rather shortlived, because of the ultimate establishment of elevators covering the w'hcat-growing territory.
The experience derived from the association, however, suggested the application of a similar institution to the selling of flour to Europe. The plan was not favored by most of the association, so Cadwallader C. Washburn, the largest individual miller in Minneapolis and the governor of Wisconsin, decided to carry it out alone, and selected young Dunwoody as his foreign representative.
Dunwoody spent the year of 1877 in England and Scotland and after many discouragements succeeded in founding a permanent trade between the Old and New Worlds on a very thorough basis.
It is generally recognized that the vast volume of the flour business of today is the result of Dunwoody’s efforts. Upon his return to Minneapolis in 1878, he devoted his attention to his own flour interests and in 1879 became a partner with Washburn, John Crosby, and Charles J. Martin in the firm of Washburn, Crosby & Company.
From that time on he was continuously identified with the establishment.
His philanthropies were many, the most important being the Dunwoody Industrial Institute at Minneapolis, with its endowment of $5, 000, 000; a million-dollar endowment to the Minneapolis Institute of Arts; and the gift, with an endowment of a million dollars, of his old home near Philadelphia as a home for convalescents.
Dunwoody served as directoer and president of the North- Western National Bank of Minneapolis for thirty-eight years, followed by the chairmanship of the board. He was a director of the Great Northern Railway for twenty-five years, and until he retired from active business; president of the St. Anthony & Dakota Elevator Company and the Barnum Grain Company; and vice-president of the Minneapolis Trust Company. He was a member of the Committee of One Hundred to meet Prince Henry of Prussia in 1902, and of the Chamber of Commerce of Minneapolis and of New York.
(This book was originally published prior to 1923, and rep...)
(This scarce antiquarian book is a facsimile reprint of th...)
Dunwoody married Katie L. Patten of Philadelphia in 1864, who survived him.
