History
ASARCO was founded in 1899 as the American Smelting and Refining Company by Henry H. Rogers, William Rockefeller, Adolph Lewisohn, Anton Eilers and Leonard Lewisohn. From 1901-1958, American Smelting and Refining was a member of the Dow Jones Industrial Average.
In 1901 Meyer Guggenheim and his sons took over the company.
On January 11, 1916, sixteen ASARCO employees were killed and mutilated by Pancho Villa's men near the town of Santa Isabel, Chihuahua. It was one of the incidents that sparked the Mexican Expedition, a United States Army attempt to capture or kill Villa.
In 1975 it officially changed its name to ASARCO Incorporated. In 1999 it was acquired by Grupo México, which itself began as ASARCO's 49%-owned Mexican subsidiary in 1965, and on August 9, 2005, the company filed for Chapter 11 bankruptcy in Corpus Christi, Texas under then-president Daniel Tellechea.
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“This above all makes history useful and desirable: it unfolds before our eyes a glorious record of exemplary actions.”
—Titus Livius (Livy)
“In history an additional result is commonly produced by human actions beyond that which they aim at and obtain—that which they immediately recognize and desire. They gratify their own interest; but something further is thereby accomplished, latent in the actions in question, though not present to their consciousness, and not included in their design.”
—Georg Wilhelm Friedrich Hegel (1770–1831)
“Bias, point of view, fury—are they ... so dangerous and must they be ironed out of history, the hills flattened and the contours leveled? The professors talk ... about passion and point of view in history as a Calvinist talks about sin in the bedroom.”
—Catherine Drinker Bowen (1897–1973)