Savannah morning news. [volume] (Savannah) 1868-1887, 1884-06-15

1uylng and selling, or quarter on edcA /
.'trade," and the lowest quantity dealt IN |
is 5000 bushels grain, 800 barrels pork |
and 80 tierces OF lard. The usual orders |
accepted by frst-class brokers are, how
ever, more than this-10,e00 grain and
]. 600 pork being the lowest such brokers
care to take. The commission on 10000
grain amounts to $12 80 buying and So 30
selling. IL broker has any business at
all he soon gets rich
A striking feature of Chicago specula-
tons is the suddenness WIKI which men
make and lose fortunes, and the kind Of
men who do it. The leaders Of the mar
ket now are Norman B. Ream and
chap named Jack Cudahy. The for
mer was clerk but TIVE or three years
ago, and now has a fortune estimated
away up in the millions. His operations
alone are making half dozen houses
rich. He buys and sells wheat by the
half Million and often carries over night a
LAG" of 100000 bushels. But Cudahy
is the odd fish Of the street. He is even
heavier operator than Ream, and is
thought to be worth more money. About
eighteen months ago jack was a work.
ing butcher up in Milwaukee. About
that time he came 20 Chicago, and, with
another butcher, opened a little shop
near the stock yards. They dealt to
some extent, too, in live hogs, but prob
more than $1,000 It fell to the lot Of
JACKS PARTNER
to come up to the city nearly every day,
and he soon got TO dabbling in a curb
stone way, in pork and lard. He was in
variably unlucky, dropping $50, 500 and
5000 in a style that made the young Mil
waukee butcher furious. He swOre be
would dissolve partnership, but when
they came to Hgure'up il was found that
dissolution meant death to both. ''Jack"
thought awhile over the matter. Then he
said, 'Jim, you stay in the shop now for
awhile, and III do the sDeculating my
self" 1t is but trIhe more than year
since humble Jack CUdahy left the butcher
shop to do the speculation, and to-day he
is regarded as the leading spirit of the
market. He seemed to have grasped the
science of speculation by very intuition.
His luck is marvellous, his daring UMPIRE
cedented in the street, and his success has
been phenomenal. He is worth a good
deal more than a million in real estate,
and is said to carry a bank account Of as
much more. He and Armour are now en-
cheering the pork market, and practi-
cally own all the pork in the West. His
deals in wheat and corn have been very
heavy, and keep from five to seven houses
busy with his accounts alone.
''Jack" Cudahy is a genial, rollicking
l.
plain looking chap that he was when he
chopped meat in Milwaukee eighteen
months ago. Success has not spoiled him,
nor his suddenly acquired fortune has not
turned his head. The only difference OBJ
servable is that where his associates used
to be boys of the cleaYer and the ''pig-
stickers" of the stock yards, they are now
BANK PRESIDENTS AND PORK PACKERS
of the millionaire variety and capitalists
OF the board. Jack, it is to be regretted,
is rather unlettered, but that he says he
will improve in time, and laughiRgly adds
that he has got as far as knowing how to
sign his name to a check. One of his
great traits developed since his fortune
came is generosity. In fact Jack is
blooming out as a kind of philanthropist.
He is exceptionally liberal to the Catholic
Church, Of which he is an ardent adj
herent. He gives huge checks to the
orphan asylums, to all the Catholic insti-
tutions, to the clergy, and no sister ever
left Jack Cudahy's presence without a
rich bounty from his purse. When Bish-
Op Riordan left here for San Francisco
Jack chartered special train to take him
to Omaha, and from there on he had a pri-
vate car, all at Cudahy's expense. And
il the good Bishop needed a fat check for
any piOus purpose we may rest assured
he got 1t. An humble fellow Jack Cuda-
by is, but he has become a mighty power
in the Chicago grain market. That is the
history of young man forced into sud-
den wealth by pure luck and the posi-
bilities OF gambling in the cereals. A man
of another character, who also accumu-
lated a stupendOus fortune indirectly by
the cereal products of the land, died last
week and left a fortune of $4,000, 600.
Cyrus II. Mccormick, known wherever
breadstuffs grow as the inventor and first
manufacturer Of the
AMERICAN REAPING MACHINE,
died at the age of 70. His wealth was
the natural accumulation of nearly life
time, and WAS the result Of a lucky
thought that came to his mind when a
young man on his fathers farm in Yir-
GINA. He was swinging ~cradle in the
Old-fashioned way, when the IDEA for
which he had long been striying-hoW to
give the proper motion to a sci of reaping
kniVes-hashed across his brain. His
father had invented crude and ponder
Gus machine for cutting grain, but be-
cause the proper knife-mOti0n had not
been applied, it was a wretched failure.
To perfect this rude affair young McCOr-
mick spent hours of thought and study
in the watches of the night, until at last
the present principle of reaper motion, so
well known. came to him like an in
spiration. His first machine was made in
1851 and proved q success, but Mccormick
did not get patent for it until 1884. This
ran to 1913, but the machine was of such
universal benefit that the opposition to
=. extension Of patent could not be over
-, and from 1913. therefore, other
etufers have been in the field.
Do Nc, NviBick's machine. with its va
.jo,,s jn,Tro, -ements and attachments, has
ono NO h ,al in IN lead, and the manufac-
,,.s ond sole of bese reapeFs have for 20
-,. s'llS, sseaI Oh 600 yearly. The works
~, ,Tef ali I in Chicago. ltere Mccormick had
lived since 1913, and he re. tne quIk Oh i ms
wealth was acquired, h Us VII st was nied
yesterday. ard the value o. tne , estate Is Is
given at So OOOOCT which d g ,iye chill IL
,quaI shares to his widow not marry
lren. Mr.. Mccormick did chill
until late in life, and his younger
lren are therefore still minors. The fam
" occupy a prigcely brown-stone man.
sion on the north side near the lake,
which is said to be a perfect treasure
house of art and literature. AS is gener-
lily known, Mr.. Mccormick was a rigid
and a sterling Democrat
n politics, and was great giver in both
,auses. He was one Of the very first citi-
.ens of Chicago, and his memory will live
when that of the richest mere Spectator
will be forgotten.