In 1909, Chicago publisher William D. Boyce lost his way in a dense London fog. A boy came to his aid and, after guiding the man, refused a tip, explaining that as a Scout he would not take a tip for doing a Good Turn. This gesture by an unknown Scout inspired a meeting with Robert Baden-Powell, the British founder of the Boy Scouts. As a result, William Boyce incorporated the Boy Scouts of America on February 8, 1910. He also created the Lone Scouts, which merged with the Boy Scouts of America in 1924.
During World War One, Boyce traveled to Europe on the British luxury liner Lusitania, three months before the Germans supposedly torpedoed it, subsequently pushing the U.S. to enter the war. He also traveled to Africa twice and spent a year in South America, all part of his many journeys throughout the world. He wrote about many of those journeys, which were published by Rand McNally & Company.3
It is believed that Boyce was worth $20 million in 1916 (more than $440 million in 2016). He died in 1929 prior to the stock market crash. As a result, his fortunes were not able to be sustained by his heirs, which may also be why his historical popularity did not rise to the levels of entrepreneurs such as Rockefeller and Guggenheim. Nonetheless, his legacy as one of the leaders of the Boy Scouts lives on, notably through the Boyce Building in Chicago and plaques that adorns its outside walls.