New-York tribune., 1901-01-08
FUNERAL of p. d. ARMOUR.
SERVICES TO BE CONDUCTED BY THE
REV. DIR. GUNsAULUs TOMORROW.

Chicago. jan THE funeral OF the late
Philip ID. Armour will be held at 1 O'Clock on
Wednesday afternoon at the home. No. 2,115
Prairie-ave. Those who desire 20 look upon
the face Of Mr.. Armour will have an oppor-
tunity prior 20 the funeral The body will lie
in state at the Armour home from o'clock in
the morning until noon.
While the holding of the funeral from the
house will necessarily restrict the number in
attendance. all the Armour employees in Chicago.
who number thousands. will be invited 10 view
the body In the morning hours.
The Rev. DR.. Frank w. Gunsauus will preach
the funeral sermon. The burial will be in the
family plot at GrRceland Cemetery. and the pail
bearers will be business associates of the dead
man. on the day OF the funeral all or the plants
and Offices Of the Armour Company In Chicago
and other cities viii be closed for the day.
INCIDENTS IN MIR. ARMOUR'S CAREER.
The first great financial success of the late Mr..
Armour made just at the close Of the Civil
War He told his partner in the packing business
in Milwaukee. John Planlinton that he was going
TO New-York TO sell pork short He believed that
Grant had beaten the South and that the
vision market in the war time and pork was sell
ing at $40 barrel. The leading operators in this
dsnt Of the continuance Of high prces They were
amazed when MFR. Armour began to sell pork in
large quantities at the prevailing price, and took
all he % offered But soon the market began to sag.
ever. was not satisfied, and when the price had
declined to $50 wanted a thousand barrels.
You will want IL back when the price reaches
$780," he said 10 Mr.. Armour.
IN deliver It to you when the quotation is SIS"
was the reply OF the young man. and he was able
10 do So His profits from this successful effort
nounced standing in the provision world
One OF the instances OF his success I'm the Chi
cago grain market occurred when he had bought
100000 bushels Of May wheat which was to be
were filled, The other grain brokers thought he
was in a tight place, they believed Il impossible
construct buildings in time receive hiS yyh
But he was not daunted by any such prospect
@e secured Goose sland Goaq the 'EHs @ouR Is
work day and night Electric lights were re put up m
and the men worked in three shifts. Every man
and under his personal supervision the task was
done in time, the grain was housed and the profit
OF the venture reapeoa
He was one of the few prepared for the
panic of 1893. He had been in Germany for his
health, and met many European capitalists at
German resorts. From them he gained an inkllng
of the possibility of financial stress. and he decided
he sent for all the managers OF the departments Of
peritv and pr0f b1+ he told them 10 prepsr for
bad times. His plan was TO borrow an he could.
After they had borrowed about s4ooo,Ooo in cash,
which he put with like amount in negotiable Sc
eurites he SAID ne was prepared Tor the impend-
became tlght Se had T funds % to S loan again and
again at high rates of interest. and his profits
business men went 10 the wall
On one of his Journeys through France Mr.. Ar
mour found entertainment In a manufacturing
town, where he inspected a factory in which sew
curtains. Sauntering. through the workshops, he
observed that many of the girls seemed TO be in
poor health. They seemed TO be overworked.
pinehed and worn In appearance. Many appeared
to be old. and withered before their time. He
thought that he had never Il little army Of
work people so forlorn and hungry ooking IL was
a sight that weighed heavily on him. Before Quit
ting the factory he called the ivate office of
the superintendent and requested the privilege OF
leaving a OF money TO be distributed among
these girls, whose wretcheu appearance had
touched his sympathies. His request being readily
fore parting enjoyed the pleasant sight OF its dis
tribution all the girls being lined UP receive the
gift.
MIR. Armour will be longest remembered by his
gifts to the Armour Institute of Technology which
he founded 1898 Before taking this step he con-
suited with the late Charles Pratt, OF BROOKLYN
whose enduring monument is the Pratt Institute
which he founded there when Brooklyn was city
Following the ideas which Mr.. Pratt had embedded
in the institute bearing his name, Mr.. Armour gave
Dearborn-st. valued at $3.50 600 By the time the in
stitute opened he had doubled the original
gift, and $4,000 added in 1889. The Rev DIR
Frank w. Gunsaulus resigned the pastorate OF
Plymouth Church. Chicago, to take the presidency
of the institute, at the urgent request of Mr..
mour. Scarcely a day passed In which they did
not confer in regard to its work and that of the
Armour Mission. in which Mr.. Armour deeply
interested. 81 have lost the best friend / had on
EARTH and nothing further tonight" was
ing OF the death OF Mr. Armour. During Mr.. Ar
sickness q nd