Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-05-25

by the half-hour. His friendship ex-
tended also 90 the son OF his tried
friend, for as he esteemed highest OK
herItages the simple virtues begot IN
him ana taught by his own parents, so
he believed that the children OF other
good parents were sure to be good.
The first great commercial coup
achieved by Philip d. Armour came
nearly seven years after he had re-
turned from the gold fields with his
first $4,000, He had become convinced
that the rapidly growing grain and cat
tie Industries Of the West were IN
greatest need OF improved facilities for
handling and transportation, and with
a view to getting close TO the western
market he bought an elevator at MIL
waukee. That brought him In contact
with John Plankiuton and FREDERICK
Layton, who were then engaged In the
cattle, hog and grain business, and he
soon found an oporptunlty to buy INTO
their partnership, Herman Armour ms
brother already had become established
In Chicago ana the family name already
was IN good standing, Then came the
closing days Of the civil war with pork
at $50 ana $50 a barrel
With one eye on the federal opera
lions about Richmond and Petersburg
and the other on the hog crop of the
West young Armour became convinced
that the war would end very soon ana
the price Of provisions would take an
awful tumble. He made sure thAt the
high price Of pork was wholly due 70
the war demand and the ignorance OF
the eastern operators as to the size ana
location Of tie hog crop, Then he laid
his plans before John Plankint0n and
was authorized TO go TO New York and
sell FORK 70 all responsible buyers. He
got there on a rising market, with the
price at S55 a barrel, and the buyers fell
over each oh.r 10 get their orders to
him. He sold 80 much PORK for future
delivery that the price fell to $40 before
he was hu'f through. som wise old
lellers warned him that he would be
buying butk On a 20 per cent rise With
in a week; but he paid no heed TIL he
had forced the market down to $50 "A
barrel Then, as he had foreseen Lee
surrendered, the war ended and the
bottom fell out Of the provision market
Plankin'(n ana Armour bought for SIS
and even less the pork that the young
Westerner had sold for from $50 to $50
a barrel, and more than Sl,OOO,OOO was
Noted TO the firm.
II was related that several years ago
Mr.. Armour, with Marshall Field, Geo.
NJ. Pullman, Norman B, Ream, John J.
Mitchell and John PlanklntOn, were
making tour over the Milwaukee road
IN a private car. When 9 o'clock came
Mr.. Armour announced that he was go
ing TO retire. On being urged that
there was TO be game OF cards and
that he should for once break his rule
about retiring at g. Mr.. Armour said:
81 have never broken that rule for
Mrs. Armour, and II ! wouldn't for her
| certainly wouldn't for anybody else.
The manner IN which he came to 80
richly endow the Armour institute Is
story good enough TO bear repeating
lie had heard the Rev Frank Gunsau-
us preach about what should be done
for the boys and girls Of the present
generationu. When the sermon was
ended Mr. Armour went to DR., Gunsau.
lus and asked
"Do you believe in the views you
Just expressed
81 certainly DO, was the answer.
"And would you carry them out II
you had the means?'
Most assuredly."
W ell ANti Ndll MI AllllDult klNf
me five years Of your time and | viii
give you the money
This incident Is described as Or
Gunsaums $2SO0.O00 sermon" but II led
TO the fulfllment Of Mr.. Armour's chief
work Of philanthropy
Mr. Armour was as systematic in his
charities as in his business affairs The
Armour mission funds are invested in
az nI
revenue from which accrues 10 the mis-
sion work, all the affairs Of which are
handled by a stock company, OF which
he was the head
In answer 10 the question II he CON
sldered the chances for a boy TO sue
coed as good at the present time as
when he was boy, Mr. Armour re-
piled:
Every bit and better The affairs
OF life are larger. There are greater
things 10 do. There was never before
such a demand for able men"
Some Of Mr. Armours characteristic
sayings;
IL have a little religion, but no poll
ties. / am plain business man
mo general can fight his battles
alone. He must depend upon his lieu
tenants, and his success depends upon
his ability to select the right man for
the right place"
How much am worth? Ask my
wife"
Most men talk too much. Much OF
my success has been due to keeping
my mouth shut"
"The Young man who wants to marry