The Washington times., 1919-01-21
Does $751;, ,ooo, 900 q year.
Business must be big.
Makes less than 29o profit.
Made only SIS. 600. 900 a
1918.
Borrowed $50, ,ooo, ,ooo.
He owes a billion.
Quite a business. fnterest-
ing statements to Con
gress by one of the
worlds biggest business
II

j. Ogden Armour, the Worlds biggest individual house
keeper who does marketing to the extent of than
eight hundred million dollars year, told the House Inter-
state Commerce Committee today things about his
business and the food that people eat
Last year he did business of 1851 000000 against
$575O00OO0 in 1917 His profit In 1917 little over
three cents each dollar His profit last year less
than two cents the dollar.
He told the committee that on 1851, 100000 he made
only $15,0OO,000 profit ..'-.- ~. 80
Only $2oooooo less than quarter of one per cent Mr.
Armour said had been taken out of the business dv-
dends - ( :. -. - ~. - - z4-az- s
He put back 100000 into the business and borrowed
sixty millions which he also put into the business
Many careful housekcepers would worry the fig
ures that Mr.. Armour carries In his head.
Owes Billion Dollarx :
He about billion dollars usuaIySit NAV uo-
tuate two hundred millions q
In 1913 it cost him 500 more than IN fg17 Tor
the quantity of meat
And labor cost him $20OOOOOo more IN 1918 than ins
1917 Armour has 10000 employees in the United States
alone-twice many as Alexander the Great took
with him to conquer Asia
Armour's business unit is ten millions. The business
as ne showed has considerably since his father
invested less than 100000 Now it is Armour With
out any Pankinton and the billion aSs
a time And Armour & Co. is private concern all thcL
stock being owned by J. Ogden Armour and his familx
none of it held by the public.
Attorney Mayer With Him
Sitting with Mr.. Armour during his testimony WIS Mr..
Levy Mayer of Chicago. to Mr.. Mayer that Mn.
referred when he told the committee that his v>
yer there present. had advised him that the proposed leg
isaton to take the packing business unconsu-
tiona
Mr. Mayer, perhaps, win be asked by the committee
to prove it. He will make the fight necessary for Armour
& Co. before the United States Supreme Court.
The committee in j. Ogden Armour a very concen
trated man with back head sticking far out like an add
ton built Occasionally in reading his carefully pre-
pared statement and in talking to those about him. he slut
tered slightly, almost imperceptibly.
He told the committee that he had been working at
his fathers business his own he left college at
the age of nineteen.
His friends who few and not intimate say that his
working hours have been from about until g. He goes TO
bed at g. Up to he works in his office at the stock
yards and after in his office in the Continental Bank
Building
He Sleeps in Chicago
Usually in summer he sleeps in Chicago instead
Ct motoring out to his farm order get work earlier
His friends say Ogien cultivated that slight stutter
ery carefully when he young He finds it useful when
he wants to stop for moment to think And it makes the
other man do most of the talking, which suits Ogden
Armour and Others whose unit is ten millions and
whose limit is the blue sky doing in industrial
civilization what big fighters used do in the ancient
teudal civilization Therefore he will be intensely in
Continued Page 4, Column y