Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-08-29
Loss of Big Armour Fortune
Unique in Its Tragic Details

person at the end of the 1870 days that
you were before the days Of decline
and disaster came? One must hand
1t to j. Ogden Armour for being a real
philosopher The Fort Wayne Jour-
nal-Gazette remarks that Armour
was so great a figure in a business
which had to be done publicly that
the belief in his enormous riches was
not only natural but seemed to have
all the support that visible evidences
can furnish"
His packing business" it is re-
called by the Dayton Daily News. he
inherited from Philip d: Armous, It's
founder. But the son vastly increase0
the business and TO SGath OF the
family. Under Ogden Armour's lead.
ership the packing industry became
one of the most powerful and the
most feared of industrial mammoths.
Twenty years ago the average farmer
believed that Armour made and UNI
made pretty much at his own wfim.
the price of live stock, and the con-
Stunning public believed that he con-
trolled the price of meat" The Provi-
dence Journal finds in the later situa-
ton an illustrate ton of 1.-The insecurity
of wealth." while it also remarks:
There is something picturesque and
even magnificent about the terrific
speed of his downfall"
X X
"Today's sound investment may be
tomorroW'S bad risk" according TO the
Passaic Daily Herald. which states
that Tin Mr.. Armour's experience II
was the drop in inventories from 1870
to 1921 that shriveled the Armour for
tune. because he sold most of his
other possessions to rehab;litate his
company" The Springfield Republic
an adds: 1.-The terrific violence Of the
postwar agricultural defa ton can no
best comprehended by observing its
catastrophe effect on this private for
tune. Urbanites and induStrial'sts
and professional men may gain new
conception of what happened to work
erS 'On the land We may all unG"r-
stand the better what these a"ra"'"n
discontentS amount to and what th'H
threaten when we link with their o.
Gin the tragic crash of the house ct
Armour
"A real tragedy" is the ro-~fr""' o.
the Lincoln Star. which s"'; of =
character: He was not Il v'-.'-'r
cared little for society and Tnn''""
himself to the gigantic hrr'"esS o.
which he was the bead. lie W.
themselves not in a sense Of creed
but in the hone that the hnsino@.
which engroseed their attention would
he enlarged and strengthened" The
Now York World asks: WAS he deenlv
effected by the reverses of the last
fnw wears? One SUSPECTS that he was
for he was no believer in soft op
timism. He waged war in the
Chicago wheat pit. asking no quarter
and giving nome
eff the whole truth of the post-wa.
defation were to be told to the EtH
lie" in the opinion of the Minr>-
n polis Tribune, 1.-The story would in.
rlude probably an amazing number OF
costly experience OF American bust
ness men. big and little The met
dents in the Armour decline. says the
Science Monitor. "are not
without their peculiar and almost
pathetic appeal" and that paper states
hat 1.-The first great success Of Philip
D. Armour came in the period Of re-
adjustment following the War Be-
ween the States, and the destination
# the large fortune began soon after
he World War"