The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-02-10
MARSHALL FIELDS WEALTH.
He Has Factories and Mills in All
Parts of. the World.
CRichard Lipthicum in Ainslee's.)

/ Orchard Linthicum in Ainslee-S)
Inc supreme achievement of Mar
shall Fields life has been the accumu-
latton of an immense fortune.
When the variety and magnitude Of
J his business operations are considered
/ 1t is marvellous that one man in his
waking moments can exercise even a
general supervision of them.
His wholesale and retail dry goods
BUSINESS Is in eNcess of $4,000 600 q
year. He manufactures a large per-
centage of the goods he sells, and the
rattle Of his looms is heard in the
manufacturing centers of both hemi-
spheres. He has factories in England.
Ireland and Scotland, in France. Italy,
Spain, Germany, Austria and Russia.
in China. Japan ana India His WOOL
en- mills furnish a local market for the
Australian wool grower, and the rSvO-
iutions Of his spindles in South Amer
lea run races with the governments of
that part of the world
When j. Pierpont Morgan organ
lied the United Steel corporation. COM
monty known as the steel trust, there
was no public mention of the name OF
Marshall Field, although he is one of
the largest stockholders in that cor
poration.
The extent of his holdings in the
great lines of railroads is not definite
| " known. 1t has been stated with
some color of authority that he has
$lO,O00000 invested in Baltimore &
Ohio, and his holdings in Milwaukee
& st. Paul and the Northwestern are
( known to be large. In the Pullman
Car company he is the largest indi-
vidual stakeholder. and has controlled
the affairs of that great corporation
for a number of years
In real estate alone his wealth eX-
ceeds that Of many multi millionaires
who are more widely known than him.
self. a conservative estimate Of the
real estate owned by Marshall Field
in Chicago alone, including land in the
vicinity OF the Calumet river, pecu-
liarly adapted for manufacturing pur-
poses, places it at $50, 5000 In addi-
ton to this he has a great deal of
valuable iron mining land in the north
ern peninsula of Michigan.
Although not known by the titles of
| banker or finaneier, his banking and
purely financial interests are large.
"COnserva lively stated, Marshall
Fields wealth exceeds 500, 600. 600; how
much in excess can only be surmised,
and it is doubtful whether he himself
knows.
In this age of enormous individual
fortunes, it is not so marvellous that
one man should have acquired this
great sum, as it is that it is all clean
money made honestly. in a legitimate
( business. To credit it solely TO the
ability and business methods of its
owner would be an error, though Mr..
/ Field takes pride in the belief that
I the basis of his business success is
/ CASH. His entire business is con-
/ Quoted upon a cab basis. There is no
/ evidence that he ever owed a dollar
and it is certain that he never Dor
rowed one. He never gave a note or
a mortgage, never bought or sold a
/ dollars worth of stock on margins.
( His nearest approach to specula ton
/ has been in mining investments.
/ Although a heavy investor IN
stocks, Wall street methods are as OBJ
noxious to him as those of any cher
game of chance.
! The intoxication of the wheat pit
/ is as unknown TO him as any other
/ form of drunkenness. In an indirect
way the Titanic struggles on the
/ board of trade have been of profit to
/ him. for lac has supplied the victims
Of wheat. ribs and lard corners with
/ the cash TO settle their losses by buy
/ ing their inside gilt-edged downtown
I real estate and adding ii to his Iucra-
/ tive permanent investments
Another foundation stone of his
/ success has been business integrity.
/ The house OF Marshall Field G. Co.
/ IS as far above suspicion as Caesars
wife. The great merchant has escaped
! the Sobriduet OF Honest" Marshall
T Field but the adjective is indelibly
stamped upon his business reputation.
/ Although much of his success must be
I credited TO t1e inherited Yankee in
stinct for barter and trade and TO
sterling mercantile methods. the ele-
ment Of chance had much to do with
I II