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Fogg Art Museum Scrapbook, October 1920-June 1924

ARCH.2003.22, Rendition: 809243

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The image shows a newspaper clipping from the Brooklyn Eagle, dated June 19, 1924. The clipping is from the Argus Pressclipping Bureau, located at 352 Third Avenue, New York. The headline of the article reads, "HARVARD FUND GIVEN $100,000 BY N.Y. BANKERS."

The article discusses a significant contribution of $100,000 by Goldman, Sachs & Co., bankers from New York, to the Harvard Business School, as part of a larger $10,000,000 university fundraising campaign. The text explains that the contribution is made in the context of the importance of good management in industrial and commercial companies, emphasizing the need for educated young men in business management.

Additionally, the article mentions contributions from members of the Sachs family to the Harvard Fine Arts Department, with Samuel Sachs contributing $50,000, Arthur Sachs contributing $25,000, and Harry and Walter Sachs each contributing $10,000. The family of Edward W. Forbes, director of the Fogg Art Museum, also contributed $100,000 to the fine arts fund, which had raised $350,000 towards its goal.

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This image shows a newspaper clipping from the "Brooklyn Eagle," dated June 19, 1924. The clipping is attached to a piece of paper that reads "Argus Pressclipping Bureau" and "352 Third Ave., New York."

The newspaper article is titled "HARVARD FUND GIVEN $100,000 BY N. Y. BANKERS." It discusses a donation of $100,000 made by Goldman, Sachs & Co., a banking firm in New York, to the Harvard Business School. The article mentions that members of the Sachs family have also given $100,000 for the Harvard Fine Arts Department as part of Bishop Lawrence's campaign to extend the services of Harvard University by raising a minimum of $10,000,000.

The article quotes a statement from Goldman, Sachs & Co. about their decision to contribute $100,000 to the Harvard Business School as part of the $10,000,000 fund. They emphasize their interest in the development of good management in industrial and commercial companies and the importance of successful management for investors.

The article also details the contributions for fine arts, including $50,000 from Samuel Sachs, $25,000 from Arthur Sachs, and $10,000 each from Harry and Walter Sachs. It mentions Professor Paul J. Sachs, an associate director of the Fogg Art Museum of Harvard, and the contribution of $100,000 from the family of Edward W. Forbes, the director of the Fogg Art Museum, toward the fine arts fund. The fine arts fund is now within $350,000 of its goal.

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This image shows a vintage newspaper clipping, mounted on a larger piece of off-white cardboard, likely preserved by a press clipping service.

Here is a detailed breakdown of the image:


1. The Mounting Card (Press Clipping Service Label):

  • At the top, there is a pre-printed header for the "Argus Pressclipping Bureau" located at "352 Third Ave., New York."
  • Below this, there are handwritten notations in pencil: "33722" and what appears to be "Fogg" — likely an internal reference number and a keyword or subject index.
  • The card is labeled "CLIPPING FROM" followed by the newspaper name "BROOKLYN EAGLE" in bold, blue-green ink.
  • The date of the clipping, "19 JUNE 1924," is printed below the newspaper title.

2. The Newspaper Clipping:

  • Headline: "HARVARD FUND GIVEN $100,000 BY N. Y. BANKERS" — This is printed in bold, all-caps, and underlined for emphasis.
  • Content: The article announces a significant donation to Harvard University by the prominent banking firm Goldman, Sachs & Co. and members of the Sachs family.
    • Goldman, Sachs & Co. contributed $100,000 to the Harvard Business School.
    • The Sachs family (specifically Samuel, Arthur, Harry, and Walter Sachs) contributed $100,000 to the Harvard Fine Arts Department, supporting Bishop Lawrence’s campaign to raise $10,000,000.
  • A quoted statement from the firm explains their motivation: Their interest in good management in business makes them value educating young men for business, rather than just technical analysis.
  • The article breaks down the fine arts donation:
    • $50,000 from Samuel Sachs
    • $25,000 from Arthur Sachs
    • $10,000 each from Harry and Walter Sachs
  • Professor Paul J. Sachs, associate director of the Fogg Art Museum, is mentioned as a son of Samuel Sachs and a former Goldman, Sachs & Co. member.
  • Additionally, the family of Edward W. Forbes (director of the Fogg Art Museum) also contributed $100,000 to the fine arts fund, bringing the total raised to $350,000 toward the $1,000,000 goal.

General Observations:

  • The clipping is from the Brooklyn Eagle newspaper, dated June 19, 1924 — placing it in the early 20th century.
  • It reflects the philanthropic engagement of powerful New York financial families with elite educational institutions.
  • The paper shows signs of age (yellowing, slight creasing), and the ink is faded but mostly legible.
  • The clipping is centered on the mounting card and appears professionally prepared by a clipping service.

In Summary:

This is a historical press clipping from the Brooklyn Eagle, dated June 19, 1924, reporting on major donations totaling $200,000 from Goldman, Sachs & Co. and the Sachs family to Harvard University — split between its Business School and Fine Arts Department. The clipping was preserved by the Argus Pressclipping Bureau for recordkeeping, likely for institutional or personal archival purposes. It provides insight into early 20th-century philanthropy, corporate involvement in education, and the role of the Sachs family in American finance and culture.

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The image depicts a historical newspaper clipping from the Brooklyn Eagle, dated June 19, 1924. The clipping announces a significant donation to Harvard University by various New York-based financial institutions and individuals. The headline reads "HARVARD FUND GIVEN $100,000 BY N. Y. BANKERS." Below the headline, the article provides details of the contributions:

  1. Goldman, Sachs & Co.: This banking firm donated $100,000 to the Harvard Business School.
  2. Members of the Sachs Family: They contributed $100,000 to the Harvard Business School.
  3. Bishop Lawrence's Campaign: The Sachs Fine Arts Department received a donation of $100,000 for the extension of Bishop Lawrence's campaign to raise a minimum of $100,000 for Harvard University.

The clipping also includes a quote from Goldman, Sachs & Co., stating their pleasure in contributing to the Harvard Business School as part of their efforts to develop good management in industrial and commercial companies. It emphasizes the importance of young men educated in the technical details of business rather than just the analysis.

Additionally, the article mentions that the $100,000 for fine arts includes contributions from notable individuals such as Samuel Sachs ($35,000), Arthur Sachs and Professor Paul J. Walter ($25,000 each), and Harry Sachs ($15,000). The Sachs family, through their firm Goldman, Sachs & Co., has also donated $100,000 to the Fogg Art Museum. The Fogg Art Museum, directed by Fogg W. Forbes, has given $100,000 towards the fine arts fund, which is now within $35,000 of its goal.

The clipping is attached to a beige card with handwritten text that reads "35709 Argus Pressclipping Bureau 352 Third Ave., New York CLIPPING FROM BROOKLYN EAGLE." The card appears to be a clipping from the Argus Pressclipping Bureau, indicating that this clipping was likely collected and preserved for its historical value.

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A clipping from the newspaper "Brooklyn Eagle" is placed on a gray background. The clipping is titled "Harvard Fund Given $100,000 by N.Y. Bankers." The clipping is about the donation of $100,000 to the Harvard Business School by Goldman, Sachs & Co. and the Sachs family. The clipping also mentions the extension of the service of Bishop Lawrence as the campaign chairman for Harvard University through raising a minimum of $10,000,000.

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The image shows a newspaper clipping from the Brooklyn Eagle, dated June 10, 1924. The clipping is titled "HARVARD FUND GIVEN $100,000 BY N.Y. BANKERS" and is sourced from the Argus Presspping Bureau, located at 352 Third Ave., New York.

Description of the Content:

The article reports that Goldman, Sachs & Co., a prominent New York banking firm, has contributed $100,000 to Harvard University. The donation is part of a broader fundraising campaign to support the Harvard Fine Arts Department, which is led by Bishop Lawrence. The article highlights the following key points:

  1. Donations Breakdown:

    • Goldman, Sachs & Co. contributed $100,000 to the Harvard Business School.
    • The Sachs family also contributed $100,000 to the Fine Arts Department.
  2. Additional Contributors:

    • Arthur Sachs contributed $25,000.
    • Samuel Sachs contributed $10,000.
    • Harry J. Sachs contributed $10,000.
    • Professor Paul J. Sachs of Harvard contributed $10,000.
    • Samuel Sachs, a former member of Goldman, Sachs & Co., contributed $10,000.
    • Edward W. Forbes, director of the Fogg Art Museum, contributed $10,000.
  3. Purpose of the Donation:

    • The funds are intended to support the extension of services at Harvard University, particularly for the Fine Arts Department.
    • The article emphasizes the importance of educating young men in business and the arts, noting that the Sachs family has long been involved in industrial and commercial companies, and that their contributions reflect their interest in supporting educational initiatives.
  4. Contextual Notes:

    • The article quotes a statement from Goldman, Sachs & Co., expressing their pleasure in advising the firm to contribute to the Harvard Business School.
    • It highlights the Sachs family's long-standing involvement in business and their commitment to investing in education and the arts.

Visual Elements:

  • The clipping is typed in a formal, newspaper-style font.
  • The top of the clipping includes a handwritten note: "36 Jagg", likely a reference or catalog number.
  • The article is neatly clipped and presented, suggesting it may have been preserved for historical or archival purposes.

Overall Impression:

The image captures a historical moment of philanthropy, showcasing the significant financial support provided by prominent bankers and the Sachs family to Harvard University in 1924. The article reflects the era's emphasis on combining business success with educational and cultural contributions.

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The image presents a collection of newspaper clippings, with the primary focus being on a specific article detailing a donation to Harvard University. The clippings are arranged in a vertical sequence, with the oldest clipping at the top and the most recent at the bottom.

  • Top Clipping
    • Date: June 1924
    • Source: Brooklyn Eagle
    • Content: The clipping is from the Brooklyn Eagle, dated June 1924, and features a headline that reads "HARVARD FUND GIVEN $100,000 BY N.Y. BANKERS." The article discusses a donation of $100,000 made by Goldman, Sachs & Co. to the Harvard Business School.
  • Middle Clipping
    • Date: June 1924
    • Source: Argus Pressclipping Bureau
    • Content: The clipping is from the Argus Pressclipping Bureau, dated June 1924, and appears to be a duplicate of the top clipping.
  • Bottom Clipping
    • Date: Not specified
    • Source: Not specified
    • Content: The clipping does not have a visible date or source, but it appears to be a continuation of the article from the top clipping. It mentions that the donation is part of a larger fund-raising campaign for the Harvard Fine Arts Department.

In summary, the image features three newspaper clippings, with the top two clippings being duplicates of the same article from the Brooklyn Eagle, dated June 1924. The article discusses a donation of $100,000 made by Goldman, Sachs & Co. to the Harvard Business School. The bottom clipping does not have a visible date or source, but it appears to be a continuation of the article from the top clipping.

Meta, us.meta.llama3-2-90b-instruct-v1:0

The image depicts a newspaper clipping from the Brooklyn Eagle, dated June 19, 1924. The clipping is titled "HARVARD FUND GIVEN $100,000 BY N.Y. BANKERS" and features an article about a donation to Harvard University.

Key Points:

  • Donation Amount: The article reports that Goldman, Sachs & Co., bankers of New York, have given $100,000 toward the Harvard Business School.
  • Donor Information: The donation was made by members of the Sachs family, who have given $100,000 for the Harvard Fine Arts Department to Bishop Lawrence's campaign for the extension of the service of Harvard University through raising a minimum of $10,000,000.
  • Purpose of Donation: The donation is intended to contribute $100,000 to the Harvard Business School as a portion of the $10,000,000 fund.
  • Investment Strategy: Goldman, Sachs & Co. are doing this because of their great interest in the development of good management in industrial and commercial companies.
  • Investment Approach: It is of primary importance to investors in preferred and common stock that there be successful management.
  • Business Education: We have realized for years the need of having young men educated for business, not so much in the technical details of business as in the habit of analysis.
  • Donation Breakdown: The $100,000 for fine arts includes $50,000 from Samuel Sachs and $25,000 each from Arthur Sachs and Walter Sachs.
  • Associate Director: Professor Paul J. Sachs, of the Fogg Art Museum of Harvard, is associate director of the Fogg Art Museum of Harvard, is a former member of the firm of Goldman, Sachs & Co.
  • Director: The director of the Fogg Art Museum, has given $100,000 toward the fine arts fund, which is now within $250,000 of its goal.

Overall, the article highlights the significant donation made by Goldman, Sachs & Co. to Harvard University, specifically to support the development of good management in industrial and commercial companies.

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The image presents a vintage newspaper clipping from the Brooklyn Eagle, dated June 19, 1924. The clipping is affixed to a piece of paper with the letterhead of the Argus Pressclipping Bureau, located at 352 Third Avenue, New York.

Key Features:

  • Newspaper Clipping: The clipping is from the Brooklyn Eagle and is dated June 19, 1924.
  • Letterhead: The clipping is attached to a piece of paper with the letterhead of the Argus Pressclipping Bureau.
  • Address: The address of the Argus Pressclipping Bureau is 352 Third Avenue, New York.
  • Article Title: The title of the article is "HARVARD FUND GIVEN $100,000 BY N.Y. BANKERS."
  • Article Content: The article discusses a donation of $100,000 made by Goldman, Sachs & Co. bankers of New York to the Harvard Business School.
  • Background: The clipping is set against a light gray background.

Overall Impression:

The image appears to be a historical document or archive, showcasing a significant event or transaction from the past. The use of a vintage newspaper clipping and the letterhead of a pressclipping bureau suggests that the image is related to a specific historical context or event.

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The image presents a vintage newspaper clipping from the Brooklyn Eagle, dated June 19, 1924. The clipping is attached to a paper with the Argus Pressclipping Bureau's address and contact information.

  • Newspaper Clipping:
    • Date: June 19, 1924
    • Source: Brooklyn Eagle
    • Title: "HARVARD FUND GIVEN $100,000 BY N.Y. BANKERS"
    • Content: The article discusses a $100,000 donation by Goldman, Sachs & Co. bankers of New York to the Harvard Business School.
    • Additional Donations:
      • Members of the Sachs family have given $100,000 for the Harvard Fine Arts Department.
      • The family has also given $10,000,000 toward the extension of Harvard University's service.
  • Paper with Argus Pressclipping Bureau Information:
    • Address: 352 Third Ave., New York
    • Contact Information: The paper features a handwritten number "357692" at the top.

In summary, the image showcases a historic newspaper clipping from the Brooklyn Eagle, detailing significant donations to Harvard University and its Fine Arts Department, along with a paper providing the Argus Pressclipping Bureau's contact information.