Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1893-08-05


the msolycnt firms, the price OF sep
TENDER lard plunged down to Sc.
loss compared with the opening price
of S3T5. II closed al S66214. Sep
TENDER ribs Tell To $3.50, against $50
at the opening, recovering TO SG.29 II.
however, before the close.
September wheat opened excited and
ranged a, any where from st To 6O8-S
ccats against 593-S cents, the closing
price yesterday, worked of 10 57TS
cents, ANA at 1880 a, M was Quoablc
at 90 cents September corn openo
IS to Ia cent higher at SSH and
~ 5-S, sold rs low as 81 - and at
1880 stood at IS / :.
Wright declares that Cudahy and y.
X Fairbank were both interested with
him and that the trouble came about
because they would not put up more
margins
Fairbank in an interview this evening
said he had lost some money but was
all right.
RISE or THE CUDAHYS.
The failure of John Cudahy reylv,s
all the public Interest ever taken in
the remarkably successful career Ut
the Cudahay boys. Their names
Mike" Jack" Ed" and "Pat'-aro
us familiar TO all business men as the
names of the Armours With many
they receive perhaps more of the credit
for having successfully established the
great name of Armour than is given 10
the joyial Philip himself
Michael Cudahy's was for years the
band that labored in the great Armour
stocl, yards at Chicago from June TO
January and from January to june
again. His brain was the Supcr1n-
tending genius of that vast plant which
hats introduced the name of Armour
to all lands where American pork Is
known.
They had their headquarters In the
packing houses They were familiar
with sights of slaughter running blood,
stcaming sides" and the choppmg
block They knew every step of the
business Better still, they were proud
of it.
4 characteristic story is told of
Mike Cuddy.' as one of his packing
house friends called him. It came out
after he had risen to a position Ms
partner in the Armour establishment.
Some one asked him how ne ever
learned the business Said he: "Bt
fore Armour ever heard Of me | bought
a yearling, slaughtered it, skned ana
cleaned II, chopped II up loaded it in
"A wagon and sold it ON the streets Of
Milwaukee. With the profit | started
a shop, ! did a big business, looking
after the Strengthening myself until
Armour came along one day ana said
he wanted me for foreman of the Plan
kiuton-ArmOur house"
Tho general impression that the Cud-
ally boys came up from the "choppng
block in Arnow's packing house Is
therefore erroneous Michael was the
first to be employed Under his man
agement the house in Milwaukee grew,
and Joseph Armour started n branch
in Chicago
The Chicago house soon rivaled tie
one in Milwaukee, and Joe Armour
being in poor health mike" Cudahy
was sent down tormanage the concern.
At this time he was drawing a salary
Of $4,000 year In another year !.
H. Armour invaded Chicago and walk
ed into the stock yards rs fearless as
an mtamcd Texas steer In two weeks
he knew every man Of importance who
had business in that vast area of pens
The Armour house was enlarged,
and preparations began for doing al
most rs much business as all the other
houses put together Everybody, of
course thought it was Armour doing
every thing The next year Mike
Cudahy stood on an equal footing
with his late employer he was a part
ner From that on his accumulation
Of wealth was only a question Of tim1
and q drawing Of dividends.
InjtEe meantime Jack" Cudahy had
been growing rich in Milwaukee rs
for Plankinton Now an op
ening in Chicago appeared for him.
Chapin's packing house business be
came involved Chaplin was Arm0ur's
brother-in-law The Armours advanced
him money on condition that he would
take in Jack Cudahy as partner TO
look after their interest.
So Jack came in, and "A more popu-
lar, truer Irish heart never was known.
The genius Of Jack" was no less magi-
cal than Mikes In a short time he
was able TO buy out Plankinton in
and finally obtained sole
control Of the Chapin-Cudahy house
in Chicago With these vast invest.
ments he soon amasSed as much
wealth as his brother At this time
Brother Ed was foreman for Ar
mour q Cudahy at a salary Of S1O,-
600 per annum. Brother Jack" want
ed Ed" and Armour raised the lat.
ters salary to $1,000 Brother Jack"
again wanted Brother Ed" and up
went Eds salary to $4,000. Then
It was that Brother ed" became dan
geious in a business sense. He had de-
velopcd the ability displayed by his
two older brothers and was looking
out for himgclf. He asplred to a part
"A.