1951 Horatio Alger Award Winner
"America is the land of opportunity."
Finn Magnus arrived at Ellis Island when he was 20 years old with $25 in his pocket. His first job in the United States was as a stevedore on the docks. He later became an elevator operator and then a student at the Ford Company plant, where he picked up his ideas for mass production. After 15 years of hard work for various companies, Magnus formed the Harmonica Corporation in 1944. Within eight years, his company had succeeded in establishing itself as one of the leading musical toy producers in the country, developing the electric reed organ and the plastic harmonica. His mass production techniques opened up the market for many toys and instruments.* Deceased