The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1896-02-15
cline in wheat gave an opportunity for
display of bear tactics, which, il COM
mon rumor is true, have been enormous

tliCh IuulOI Is IL GS, lldVS U6Sll tllOl MUS
! " profitable. AS bear operator, Gu
dahy has eclipsed Partridge in popular
estimation and may be said to share
only with Armour. the distinction of be
ing q power in all the pits. During tht
twenty years in which Cudahy has beeI
associated with the local speculative
markets he has been pitted against Ar
mOur ten times to every once when ne
was operating Oh the same side. There
are some traders il each Of the pits, tc
la certain extent SPECIALISTS who have
great prestige IN their own lines. but fol
the moment, at least, Cudahy is an all-
thority in all Of them. He is scarcely
in any sense Il merchant, but is q born
speculator. tIe has no fayorites, except
possibly natural leaning toward pack
ing house products, but considers money
niade in wheat, corn Or oats, just as good
as any other, especial if made on the
short side. If the minor grain and seed
markets offered opportunities for heavy
operations he might be expected to ap-
pear in them.
While John Cudahv is best known as
a daring and generally successful spec
uIatcr he has been identified with the
packing interests ever since he came to
Chicago in 1876 When Michael Cuda-
by left the management Of the Plank
ington and Armour packing plant in
! Milwaukee to associate himself with
Armour in Chicago, John C,1dahy sue
| ceeded him. At the same time that he
held this position he was provision in
spector at Milwaukee. His first connec-
! ton here was with E. D. Chaplin, under
! the style Of Chaplin & Cudahy They
operated packing plant and the firm
continued in the packing business, but
formed partnership in the commission
business with Jerome G.. Steever, which
lasted until 1884. The Cudahy packing
business was absorbed at the formation
Of the unfortunate International Pack
ing and Provision company, and since
| that time John Cudahy has had no pack
ing-house interests here. The old AL
! lerton plant, also absorbed by the Inter
| national company, is now operated un-
der lease by Michael Cudahy. John
Cudahy has a plant at Louisville, an
other at Nashville, and is supposed to
be interested at Milwaukee. His inter
ests and investments are by no means
confined to the board of trade, or the
packing industry. Everything is grist
that comes to his mill.
| Cudahy has not confined his opera
tlons TO speculation in produce lines. He
| is equally impartial toward objects for
outside investment. He is recognized
as man who is ready TO look into any
| reasonable scheme, provided he can have
| the controlling interest. He has large
real estate holdings, and at the time OF
his failure turned into the trust fund
| for his creditors real estate, located prill-
cipally on the South Side, amounting to
S2,000,0 600. He is a heavy stakeholder
| in company which is developing a
! manufacturing town On the outer Beit
Line, and was originally Interested in
the Town Of Cudaly. near Milwaukee.
! He has quite extensive mining interests,
and has recently become engaged with
| his brother. Michael Cudahy, in the In.
! diana Oil field, an enterprise which bids
fair to be one of the largest. With P.
! 3. Weare, he is interested in an Alaska
| gold mine, near by it being Fort Cltt,a-
! by, rev post. and with Mr.. Weare he
| is a.so operating a steamship line up
the Yukon River.
! His early experience ia the Armour
packing establishment at Milwaukee
was one Of the shaping Influences Of his
career. Later on, after coming here.
one OF his partners was a packer who
speculated a good deal, and Cuilahy was
| induced to try the same, but he was
shrewd enough to take the opposite, side
OF the deal from that taken by his part
ner, the same sturdy independence of
opinion appearing that has always char
acterized him. He made money and
made it so fast that he soon became one
of the leading figures in the speculative
! trade. Five years after his appearance
! here ne was rated as worth a round mil
| lion.
| His home is an elegant mansion on
| Michigan avenue at Thirty-nintf street.
! where, without ostentation, one OF the
happiest families in Chicago enjoys old
| fashioned domestic bliss a salient
trait uncommon in so much 4 man Of
| the world as Jack Cudahy is that he is
distinctively a home body. An evening
around the fireside with his family is
uearer to him than a month would ba
at q club or other customary haunts of
men. EIe is the first to own that in the
hurry and whirl of life the reserve power
which has rendered his career signal is
gathered under the roOf-tree, and his
most helpful companion has always been
his loving wife.
! One OF Cudahy's most priced estates
| is a summer home on Macinac Island
| He owns fine little yacht and phys the
| water Of Lake Michigan Il, the true style
! OF an old salt. Speaking Of his marine
procliyities TO a frined not long ago he
| said: Il am never SO happy as when
can get out on deck with good captain,
and nothing is SO good MS & little storm
| 1t stirs up a mans blood and gives him
an idea that there are things in this
| world a good deal bigger than any man
I'm not sure but ] made q Big mistake in
not being a sailor Cuaahy is also a
lover Of fine horses, and used to be a.
prominent member OF the Washington
Park club.
visit to Cudahy's office at certain
hours of the day reveals scene not u11-
like that of some home for the friendless
! The instances OF men who have been
lifted up and helped on to a new start in
life by Jack Cudahy are numerous.
Said John Van Ostrand. who mas
known Cuoahy for years
'The distinguishing characteristic of
Jack Cudahy is his disposition to be
helpful to the Speculation who is fii,an-
cially embarrassed especially where the
hope OF recovery IS practically nil. Ten
wears ago the material evidence OF this
in the shape of a pile. of notes several
inches thick was laid away in Jack
Cudahy's vault While this is not an un-
common trait in the thoroughbred spec
ulator. Cudahy is far ahead of any MEM
Der of the board now living.
.sWhen Charlie Schwartz died the