The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-12-31
LIFE LABORS ENDED
FRANK HI. PEAVEY DIES SUDDENLY
IN CHICAGO OF PNEU-
MONA
HIS DEATH MoURNED BY MANY
Was One of the Foremost Grain
Men OF the WorId-He
Leaves q Large
Estate.

Frank H. Peavey is dead. The news
will come as a shock to many all over
the entire country, as he was one OF the
foremost grain men of the world. The
end came at o'clock yesterday morn
ing in the Auditorium Annex, Chicago,
where he was taken sick with pneumonia
several days ago, and which aftiiction
the best medical science in that city was
unable to combat.
He was somewhat better Saturday
and Sunday, and his friends held OUT
hope for a speedy recovery. Early
Monday morning he had a relapse; and
at O'Clock he sank into unconscious
ness which continued until death oc-
CURED,
Almost all the members of his family
were at his bedside when he breathad
his last Mrs. Peavey was with him all
through dis illness, having left a SICK
bed herself in Minneapolis when she was
notified of his condition.
Mr.. Peavey at the time of his death
was one of the Wealthiest citizens OF
Minneapolis. Unaided and by his own
efforts he built UP a great fortune. In
the business world none stood higher
than he He was not Gpeculator. When
he bought or sold wheat it was the
actual commodity; he did not deal in
wind.
Mr.. Peavey was a very soc;able man,
and as such he will be missed amongst
his friends even more than as man
of affairs OF recent years at his sum-
mer residence, "Highcroft," on the
shores of beautiful Minnetonka, it was
one of mis- greatest pleasures to have his
friends with him, and 1t was there he
spent the happiest moments of his life,
& surrounded by his family.
He was an easy man to approach, and
was never too busy to listen to anyone
who might call on him for advice or as
sistance. and the appeals of the needy
We're never made in vain. In matters or
great Importance to the city or state
his advice was eagerly sought, and his
wisdom carried much weight in all ques-
lions on which his opinion was asked.
Mr.. Peavey was probably the largest
owner of elevators in che world They
were located all over the West and
Southwest, and the sign of "P. v"
was a familiar one to all travellers. His
grain business assumed such enormous
proportions that he had line of 'P. W.
freight cars built to handle a part OF II.
In this manner, while other grain deal
ers were unable to secure cars to handle
their grain, Mr.. Peavey was able to take
care of his business in q perfectly salts.
factory manner.
Mr.. Peavey's death was wholly unex-
pected. He was but fifty-one years Of
age, and had never been sick day in
alis life it might be said and when the
end did come his family and friends
could scarcely realize it. His death will
be a severe loss to the business world
and a greater one to the community in
which he lived. His life is one which all
men might emulate with profit. His
honor and integrity were unqGestioned
He was persevering. Industrious and
painstaking. He had wonderful grasp
OF business details, and the system
which pervaded all his business interests
was so perfect that it moved along like
"a piece of machinery
Was Heavily Insured.
Mr. Peavey was probably one of the
y mcst heavily Insured men in the United
States. About two years ago he took
out a 81 GOO OG0 policy; it was probably the
first one of the size ever taken out in the
Northwest. Mr.. Peavey was a man who
could go into the Eastern money markets
and borrow 81 600, 900 at any time on his
own personal note, but this life insurance
policy was taken out as precautionary
measure that in the event of his death
his sons would not be handicapped in the
management of the enormous businss
which they would be called upon to as
sumo control of, as it would not be posi-
bic for them to have the same financial
standing, for the time being at least, and
It is understood that this policy is to
rotect the business interests which he
as left.
The funeral will take place privately
from his late residence, 2119 Park avenue,
Wednesday. Jan. /. Friends are request
ed not to send flowers.
He Started With Nothing.
Frank H. Peavey was born in PASSPORT.
Me-. Jan. is, 1850. His father died when
he was about nine years old. and at the
time of his death was interested in the
lumber industry and also owned a line
of coasters plying between PASSPORT and
Boston.
When he was thirteen years Old he made
up his mind to go West. Chicago was his
objective point. He had an uncle resid-
ing there, and it was the mecca towards
which his hopes were set. He was at
tending the PASSPORT public schools at
the time. The only difficulty about his
going to Chicago was the money ques-
Z ton. He had none with which to pay his
way, so he Immediately set to work sell
ing Boston papers on the Eastport docks,
and in two years he made enough to ac-
complish his purpose, besides attending
school all of the time.
At the age of fifteen Frank Peavey left
& his widowed mother and two younger
children and set out for Chicago He
went alone, and it was the first time
that he had ever ridden on a railroad
train. When he arrived at Chicago he
went to the home of his uncle, who Sc
cured for him a job as messenger boy
for the grain firm of Hinkley, Handy &
+ Co.. of which w. T. Baker, first vice
: president of the Columbian exposition, y
was the company: This experience was