D. GUGGENHEIM GIVES $500,000 TO N.Y.U. TO FOUND AIR SCHOOL; Says He Wants Aeronautics Developed Commercially Like Railroading. TO BE ENGINEERING BRANCH Sees Its Great Future in Promotion of Arts of Peace Rather Than War. ACCEPTED BY CHANCELLOR Donor's Family Long Engaged With Exploration Beneath the Earth, He Adds Aviation. GIVES $500,000 FOR N.Y.U. AIR SCHOOL
Guggenheim, D, $500,000 to N Y Univ to establish School of Aeronautics
