Missouri Valley times. [volume] (Missouri Valley, Iowa) 1874-1931, 1902-01-02
Mr.. PEAVEY IN SIOUX CRY.
One OF the Greatest Business Careers
the Northwest Iias Known.

ne receipt carly TINS III l!iiai, of
news tllat Frank Hutchinson l'eaHey,
universal SORROW TO lie nIailiIestel In
sieaX City. Mr. Peavey began his
business career here, ard not until his
business had outgrown the possibilities
| of the City. as its railroad system of
that day was developed. did he leave
here far MINNEAPOLIS How much sioux
City lost when Mir. Peavey removed
may best he Judged from the fact that
he was one of the leading forces in
making Minneapolis tie greatest grain
market and milling center in the world.
Mr. Peavey was only ~ years old
when he wascalled. He had. in the oldi-
nary course of affairs halls his business
life yet before him. Yet he had Al
ready developed such n success as few
men IN one generation are permitted to
win Many times Il millionaire, he ie
yet best known as the Kind frlond che
dutiful son and brother. the phiianthre-
l7ist and the man of those tinefing in
stlnets Of gentleness and kildlinegs
and charity which mark the trtic gSM4
tlenlan. If the list of the great captains
oil American Industry Mere to be WRIT
ten7-the list Of those men whose cal,ac-
it5 for great affairs have MADE Anieris
can industrial growth n worlds Won
der the name of Frank H. Peavey
would rank near the top. 10 the or
ganization and developnlent OF the
grain business of the country he was
what the house of Vanderbilt was 10
the railroad interests. He found the
marhets for American grain, IN every
land that needed to buy grain, and IL
brought American grain to those mar
kets n business in which the spec
llatiye element is hardly to he avoid.
81, he Was neNe, Il sreculator i,yprv
day al 10 O'Clock he RECEIVED from the
heads If his Numerous subordinate
companies statements OF their exact
condition, and when those Statements
We're summarized in his private oiliee
he knew exactly whore his affairs
stood
His Early Life.
Frank III. Peavey was born I'M East
port Me, In 1850. He was the son Of
Albert d. Peavey. who died !, few
Years after the birth of his eldest soa.
Inc family was an old and highly re-
sieeeted OF" IN Maine and a D. Pea
Wy WAS 4 young man already ON the
threshold of successful business 90
reer When. at the age of 81 he died.
The father of a. ID. Peavey Was GEN
eNai Peavey, whose title came from his.
position of commander of the Maine
militia in the oalen days. and Who.
under Andrew jackson, was collector
OF the port at iGastport
IL Is NOT easy in these days to real
lie how important a point Passport
was in that early day. 1t is the east
efnfnost farbor in the United States.
has one of the finest harbor bays on
all the New England coast and was an
emporium for great trade between
New England and the east Canadian
provinces. When Frank Peavey Nas
born the place had perhaps 5.CGo in
habitants. In furs and lumber. tlsh
ard shipping, its trade WAS very ,ar,,a
There We're three children of Albert
D. Peavey, all of them Wen known az
citizens of Sioux City. The eldest Was
Frank IA. Peavey. the second Was
Louise Peavey. now Mrs Jonas NJ.
Cleland. The third was James Fulton
Peavey. now of New York. Mr. Go
land has been three times elected
mayor of Sioux City, and james i.
Peavey was the founder of the sioux
city Street Railroad company, which
first equipped the traction lines of the
city with electricity.
In another of Mr.. Peavey's relatives
there VIII be Il special interest because.
OF his responsibility for what proved
the beginning of a great career. Daniel
Drew was an uncle of Frank Peavey
and lived in Washington county, Me.
of which PASSPORT is the metropolis
Mr.. Drew had come west. and it was
largely through his influence that the