Word: armoured
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From Milwaukee this Armour went to Chicago where his younger brother, Herman Ossian, was in the grain commission business. Philip D. became head of Armour & Co., which they formed. (Both brothers died...
...these Armours lived three or four more years, President Roosevelt would have flayed them personally. As it was he pilloried their company as one of the vicious "trusts." It was that, for Philip D. Armour I, privately honest and eleemosynary, was in commerce ruthless. Like John D. Rockefeller Sr. in oil, he forced railroads to rebate him part of his payments for meat and grain transportation. Competitors suffered. Also like the elder Mr. Rockefeller, he made legitimate money by avoiding wastes and making savings in his business. Philip D. Armour I invented the scheme of utilizing every part...
Philip D. Armour I's wealth helped James G. Elaine lose the presidency to Grover Cleveland in 1884. With Jay Gould, Henry H. Rogers, Cyrus W. Field, Russell Sage and other men of "oppressive wealth" he gave a dinner to Mr. Elaine at Delmonico's in Manhattan, just before the 1884 elections...
...Next year he was partner; in 1901, at his father's and uncle's deaths, he became president. And when his orphaned nephews?Philip D. Ill and Lester?had gone as far at Yale as they pleased, he took them into business with him. Under him Armour & Co. segregated its grain and elevator business as the Armour Grain...
...waters from his father's California flumes. With the late Edward Henry Harriman he organized a $67,000,000 company to build tunnels under Chicago to carry freight underground to the stores; they lost. He controlled the Kansas City Railway & Light Co.; it went bankrupt. In 1920 bankers saved Armour & Co. from bankruptcy by reorganizing it at J. Ogden Armour's chief cost. In 1923 he was the chief owner of Chicago bank stocks; he had to sell $5,000,000 in stocks to cover a $20,000,000 loan. The receivership of the Chicago, Milwaukee & St. Paul Railway...