Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-01-07

Centinued From First Page.

| mour, Jr., the vast interests of Armour
& Co., which had been carried on as
a co-partnership, were incorporated
under the old name of Armour & Co.
This was to provide greater stability
in case Of death, and made no change
in the practical ownership of proper
ties
So carefully had the plans for the
future been made that the death of
Mr.. Armour will have little effect on
the outward working Of the great en-
terprise with which he had been so
closely identified. 1t is believed that
all the Armour properties will be held
intact until the grandchildren come
into their own
Estimates of Mr.. Armour's own es-
tate u from &c. 600, Oo0 to 25,O0O,-
0o0. This of course does not include
the 49, 600, 900 OF $40, 900, 900 owned by
the younger members of the family.
For years every enterprise he was in
terested in has been making immense
profits. His holdings of stock have all
advanced largely during the last three
years.
philip D. Armour, who was in his
sixty-ninth year made his own life on
lines unique and wholly original with
himself.
From a not-over-rich Oneida county,
New York, farm, to the position of pay
ing more freight and controlling more
provisions than any other man in the
world were the two extremes of his
life.
The ancestral Armours were Connec-
tlcut people, but Philip Armour was not
born until after the family had moved
to S~tockbridge. Oneida county, New
York. His birth date was May 16, 1882.
The California gold fever struck
Western New York in ! 349, and young
Armour was the first in Stockbridge to
determine to visit the Pacific coast.
He obtained the permission of his par
ents and at the age of II started, hav-
ing three or four companions from the
same ne%ighborhood. The almost in
credible part of it was that the party
walked nearly the entire distance from
New York to California.
The commercial sense, which always
predominateu in his life, Indicated it's
presence as soon as he saw the gold
fields of California. He made money
from the start, and at the
end of six years he returned
home with a fortune. Becoming dissat-
isied with the quiet life Of his town,
he came west again and together with
a Ibrother-in-law established a large
wholesale grocery in Milwaukee. This
venture was most successful, and in a
years time he purchased the largest
grain elevator in Milwaukee. This led
to more elevators and railroad stock.
In 1856 he came to Chicago to take
charge of the Chicago branch of a New
York packing establishment. The re-
suit was that the Chicago house ceased
to be a branch and the west gained
the largest packing and provision place
in the world.
The property interests for which Mr..
Armour stood are estimated at $780,
coo, 600. His personal share Of this
property is variously estimated at
from SIS, 600, 900 to $500 900.
In works of charity Mr.. Armour's
monument will be found in the Armour
Institute to which but a short time
ago he gave $3.50, 900 in one remem-
brance. Asked once what he consider
ed his best paying investment, he re-
piled:
The Armour Institute"
The Institute to-daJ represents an
investment on the part of Mr.. Armour
and his brother Joseph, of $3.50, 600,
and a yearly expense for maintenance
of 100000.