The age-herald., 1901-01-07

by which he was reputed to have made $3,- 600, 900 to 5000, GOO last week. ''He looked up- on such holdings" said Dr. Billings, "as investments rather than from the specula- tive view point
 We were not altogether unprepared for my fathers death" said J. Ogden Armour. All the members of the family had been here since the relapse of this morning in anticipation of the most serious turn of events"
 It was announced tonight hat the fun eral services would be held probably at the Armour Mission either Tuesday or Wednes- day. They will be conducted by Dr. Gum saulus, and in keeping with the life and habits of the deceased, will be simple in character.
 The Armour Properues.
 So carefully had the plans of the future been made that the death of MT. Armour will have little effect on the outward work ing of the great enterprises with which he had been closely identified. It is blieved all the Armour properties will be held in- tact until the grandchildren come into their own.
 Estimates of MT. Armours own estate run from $1O,OO0,Ooo to $25, 100000 This, of course, does not include the $15,000,OOO or $20, 100000 owned by the younger members of his family. For years every enterprise he was connected with had been making immense profits. His holdings of stock have all advanced largely during the last three years
 year. made his own life on lines unique and wholly original with himselfs
 From a not over rich Oneida County, New York, farm to the position of paying more freight and controlling more provis- ions than any other man in the world, were the two extremes of his life
 The ancestral Armours were Connecticut people, but Phillip Armour was not born until after the family had moved to Stock bridge, Oneida County, New York His birth date was May 16 1892.
 In California.
 The California gold fever struck Vest ern New York in 1S49 and young Armour was the first in Stockbridge to determin to visit the Pacific coast. He secured the per mission of his parents and at the age of 17 started, having three four compan- ions from the same neighborhood. The al- most incredible part of it was that the party walked nearly the entire distance from New York to California.
 The commercial sense, which always pre- dominated in his life, indicated its pres- ence 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 fortune Becoming dissatis- fled with the quiet life of his native town he came West again, and together with brother in-law, established large whole sale grocery in Milwaukee. This venture was also successful and in years time he purchased the largest grain elevator in Milwaukee. This led to more elevators and railroad stock In 1866 he came to Chicago to take charge of the Chicago branch of a New York packing establish ment. The result was that the Chicago house ceased to be branch and the West gained the largest packing and provision plant in the world.
 The property interests for which Mr. Ar mour stood are estimated at $150 GOO OO0 His personal share of this property is var 1ously estimated at from $s5, ,0O0. 900 to $50,- OOU,OOO. In works of charity MT. Armour'S monument will be found in the Armour h. stitute, to which but a short time ago he gave S50000 in one remembrance. Asked what he considered his best paying invest ment, he replied ''The Armour Institute'
 Tne institute today represents an in- vestment on the part of MT Armour and his brother Joseph of s2, 150, 900 and year. " expense for maintenance of $100,000.
 T have lost tfle best friend I had on earth,' was the way the Rev. Frank w Gunsaulus expressed himself on the death Of Mir. Armour The dead millionaire and MT Gunsaulus, president of the Armour In- st1tute, have been very firm friends During MT. Armour's sickness he has been daily visitor and was at the bedside when Mr Armour died.
 Very Large Interests.
 While MT Armour's name was more gen. erally associated in the public mind with the great packing and provision establish ments in which he was interested, and which do an annual business exceeding one hundred million dollars, employing 10000 persons and having representativ in every city of importance in the world, he was ac- lively interested in many other big enter prlses. AS the owner of an important sys- tem of grain elevators and as a heavy in- Nf-f fOu-f in t1or and western states, MT Armour was an important factor In the grain markets of the world.
 MT. Armour was a heavy owner in the Chicago, Milwaukee and St. Paul Railroad Company, and in the reorganized Baltimore and Ohio. He was largely interested in the Illinois Trust and Savings, Metropolitan National and Northern Trust Banks of Chi cago, and In the Armour Bank of Kansas City. He was director of the Northwest ern Life Insurance Company and was a heavy stoekholder in the company which controls the street railway of Kansas City, Mo, and Kansas City, Kan. Referring to MT. Arrnours fortune the Chicago Chroni- cQe tomorrow will say:
 MT. Armour's wealth is a subject that may never be accurately known. It is esti- mated to be not less than $3O 00O, ,00O, and by some is said to exceed $50 .OOO The com bined wealth of the Chicago Armours Is placed at $60, 900. 0Oo In one sense the total ds the wealth of P. 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 ne has never asked a customer to discount a bill.
 Resources In Spot Cash.
 In his great wheat deals he has always had ready cash. In times of panic he showed vast resources in spot cash In 1893 when run was made upon the banks of Chicago that tried the credit of the city and the fate of the exposition was hanging in the balance Philip D. Armour bought half a million of gold in Europe and of- fered help to the big institution of the city from his cash resources in Chicago. With a business of s10,O00,000 year in the pack ing department alone, a grain business of half that amnunt and q al lu tlaa ann or