The Savannah morning news., 1901-01-07

rapidly, and tonight there were many
callers at the Armour mansion.
1t was announced tonight that the fun
eral services would be held probably at
the Armour mission either Tuesday or
Wednesday. They will be conducted by
DR. Gunsaulus. and, in keeping with the
life and habits of the deceased, VIII be
simple in character.
Referring to Mr.. Armour's fortune, the
Chicago Chronicle tomorrow will say:
'Mr, Armours wealth Is a subject that
may never be accurately known. 1t Is
estimated to be not less than $S0,0OOOoO,
and by some said to exceed $50, 10000 The
combined wealth of the Chicago Armours
is fixed at S6O,OOO.O00. In one sense the
total is the wealth Of Philip d. Armour,
but just how much has been carried IN
his own name and how much IN the
name of his sons is unknown lie mas
not been a borrower He has always
been able to pay cash for his purchases
and he has never asked customer TO
discount a bill
IN his great wheat deals he has always
had ready cash. In times of panic ne
has shown vast resources in spot casn.
In 1898 when a run was made upon the
banks of Chicago and the credit of the
city aud the fate of the exposition was
hanging In the balance. Mr.. Armour
bought half a million of gold in Europe
and offered help to the big institutions OF
the city from his cash resources in chi
cago With business OF $l00,0000 600 a year
in the packing department alone, grain
business Of half that amount, and prac-
ticaHy the owner of a great railroad sys-
tenn. the estimates of his wealth at the
utmost figure appear modest instead OF
exaggerated. "
Mr.. Armour married Miss Malvina Belle
Ogden daughter of Jonathan Ogden of
Cincinnati in October, 1862. They
have had two children. Philip ID.
Armour Jr. who died a year ago, and
j. Ogden Armour, who seems destined by
character. training and circumstances to
succeed his father as the head of the Ar
mour house.
OF the five brothers who have been
Identified with the upbuilding of the Ar
mour enterprises, Herman o. Armour,
who went to New York in 1871 to look
after the New York interests of the CO.
partnership is the only survivor
Philip d. Armour, who was in his 69th
| year, made his own life on lines unique
and wholly original with himself From
/ a not overrlch Oneida county New York
farm 10 the position of paying more
freight and controlling more provisions
than any other man in the world were the
| two extremes of his life.
| The ancestral Armours were Connecti-
cut people, but Philip Armour was not
| born until after the family had moved tc
! Stockbridge. Oneida county, New York
His birth date was May 49, 1882,
The California gold fever struck West
ern New York in 1919 and young Armour
was the first in Stockbridge to determine
to visit the Pacific coast. He obtained
! he Tf,nfge n aa IL
age of II started, having three or -four
companions from the same neighborhood
! The almost incredible part of II was tha
| the party walked nearly the entire dis
tance frot1 New York to California
The commercial sense, which has al
ways predominated in his life, indicated
its presence as soon as he saw the golC
fields of California. He made money from
the start, and at the end of six years h
returned home with a fortune. Becom
ing dissatisfied with the quiet life of hi
native town he came West again, and to
| gether with a brother-in-law established
a large wholesale grocery house in Mil
waukee.
This venture was also successful and II
a years time he purchased the largest
grain elevator in Milwaukee. This let
to more elevators and railroad stock. II
1866 he came to Chicago to take charge
| OF the 0nlcdBO DFdncn OF new ] Or
| packing establishment. The result wal
that the Chicago house ceased to be 9
branch and the West gained the larges
packing and provision plant In the world
The property interests for which Mr.
| Armour stood are estimated at $50 0O0,O 900
His personal share of this property Il
variously estimated az from $25000,0OO tc
! $50, coo.
In works Of charity Mr.. Armour's mon
ument will be found I'm the Armour In
stitute. to which but short time ago he
gave $4,000 in one remembrance. Asked
once what he considered his best-paying
investment, he replied:
1.-The Armour Institute"
The institute to-day represents an in
vestment on the part of Mr.. Armour and
| his brother, Joseph, of $2750,000 and a
yearly expense for main tenance of $iO0, 001
While Mr.. Armour's name was more
generally associated in the public mind
with the great packing and provision es-
Establishments in which he was interested
and which do an annual business exceed
ing one hundred million dollars. employ
ing 10000 persons and having representa-
| lives in every city of importance in the
world. he was actively interested I'm many
other big enterprises.
As the owner of an important system
of grain elevators, and as a heavy in
| Vestor in the grain products OF the Mid
die and Western states, Mr.. Armour was
an important factor in the grain markets
| of the world
Mr.. Armour was heavy owner in the
| Chicago Milwaukee and st. Paul Railroad
Company and the reorganized Baltimore
and Ohio.
He was interested largely in the Illinois
Trust and Savings. Metropolitan National
and Northern Trust banks Of Chicago and
in the Armour Bank of Kansas City. He
was director of the Northwestern Life
Insurance Company and was a heavy
stockholder in the company which con-
trolls the street railways of Kansas City
| Mo-, and Kansas City, Kan.
-s-@-@-
WOODWARD RETIRES TO-DAY
Mayor Minis and His Council Eek.