Business: Death of Armour

At the peak of his reverses, he lost a million dollars a day for 130 days. After the War he was obliged to "stand by" while economic depression forced his fortune, acquired in the meat packing industry and reputed to be the second largest in the world, to dwindle to an untaxable estate. "I lost money so fast," J. Ogden Armour said to a friend, "I didn't think it was possible." Certainly it had no precedent. Even when, at the height of his power, he squeezed the "shorts" in the Chicago grain market so...

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