Texas Instruments
In 1930, J. Clarence Karcher and Eugene McDermott founded Geophysical Service, an early provider of seismic exploration services to the petroleum industry. In 1939, the company reorganized as Coronado Corp., an oil company with Geophysical Service Inc (GSI), now as a subsidiary. On December 6, 1941, McDermott along with three other GSI employees, J. Erik Jonsson, Cecil H. Green, and H.B. Peacock purchased GSI. During World War II, GSI expanded their services to include electronics for the U.S. Army, Signal Corps, and the U.S. Navy. In 1951, the company changed its name to Texas Instruments, with GSI becoming a wholly owned subsidiary of the new company.
Skidmore College
Skidmore College was in downtown Saratoga Springs at first, but on October 28, 1961, the college acquired the Jonsson Campus, of land on the outer edges of Saratoga Springs. The Jonsson Campus was named for the Skidmore trustee Erik Jonsson, the founder and president of Texas Instruments and a former mayor of Dallas, Texas (1964–71). The new Jonsson Tower bears his name. The first new buildings on the campus opened in 1966, and by 1973 the move was mostly complete. The old campus was sold to Verrazzano College, a new institution that did not prove successful, and its buildings have since been put to other uses.