The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1901-01-11

Belle Ogden, daughter of Jonathan
Ogden, of Cincinnati, in October, 1862.
They have had two children-Philip
ID. Armour, Jr., who died year ago,
and j. Ogden Armour, who seems
destined by character, training and
circumstances to succeed his father as
the head of the Armour house.
OF the FIVE brothers who have been
identified with the upbuilding of the
Armour enterprises, Herman O..
Armour, who went to New Y DIRK in 1871
to look after the New York interest of
the co-partnership is the only sur
vivor.
HIS HUGE COMMERCIAL INTERESTS.
Chicago, Jan. 6.-While MIR. Ar
mour's name was more generally as
ISOLATED in the public mind with the
great packing and provision establish
ments in which he was interested, and
which do an annual business exceed
ing 500, 600, 900, employing 10000 per-
sons and having representatives in
every city of importance inthe world,
he was actively interested in many
other big enterprises. AS the owner
of an important systemof grain elevat-
ors and as II heavy investor in the
grain products OF the Middle 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 d st. Paul
Railroad Company and in the reor-
gained Baltimore & Ohio. He was
interested largely in the Illinois Trust
and Savings. Metropolitan National,
and Northern Trust banks, Of Chicago.
He was director of the Northwestern
Life Insurance Company and was a
heavy stakeholder in the company
which controls the street railways of
Kansas City, Mo-, and Kansas City,
Kansas.
Mr.. Armour's wealth is subject
that may never be accurately known.
1t is estimated to be not less than $50,
600. 900, and by some said to exceed
$50, 900, 600. The combined wealth of
the Chicago Armours is fixed at $50,
600, 900. 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. He has not
been a borrower. He has always been
able to pay cash for his purchases and
he has never asked a customer to dis.
count a bill.
In his great wheat deals he has al
ways had ready cash. In times OF
panic he has showed vast resources in
spot cash. In 1893, when run was
made upon the banks of Chicago and
the credit of the city and the fate o.
the exposition were hanging in the
balance, Philip ID. Armour bough
half million of gold in Europe and
offered help to the big institutions OF
the city from his cash resources il
Chicago.
With business of 800, 000,0 600 O
year in the packing department alone
a grain business of half that amour
and practically the owner of grea
railway system, the estimates of hi
wealth at the utmost figure appea
modest instead of exaggerated.
81 have lost the best friend | hac
on earth and can say nothing furthe
tonight, " was the way the Rev. Franl
w. Gunsaulus expressed himself OF
the death OF Mr.. Armour. The deat
millionaire and Mr.. Gunsulus, presi
dent of the Armour institute, hav
been very firm friends. During Mr.
Armour's sickness he has been a dali,
visitor and was at the bedside whel
Mr.. Armour died.
r,y scripps- McRae Press Association.
MARKETS LITTLE AFFECTED.
Chicago, Jan. The death q
Armour caused decided jumps in tn
provision market this morning but tn
grain markets were not affected.
\ hAnNINrIt ma ATnIVNl,