J. Ogden Armour

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J. Ogden Armour
J.Ogden.Armour.jpg
BornNovember 11, 1863
DiedAugust 16, 1927(1927-08-16) (aged 63)
London, England
Alma materYale University
OccupationBusinessman
Spouse(s)Lola Sheldon Armour (m.1892)
Children1 daughter
Parent(s)Philip Danforth Armour
Malvina Belle Ogden
RelativesJack Mitchell (son-in-law)

Jonathan Ogden Armour (November 11, 1863 – August 16, 1927) was an American meatpacking magnate and only surviving son of Civil War–era industrialist Philip Danforth Armour. He became owner and president of Armour & Company upon the death of his father in 1901. During his tenure as president, Armour and Co. expanded nationwide and overseas, growing from a mid-sized regional meatpacker to the largest food products company in the United States.

Biography[edit]

Armour was born on November 11, 1863, in Milwaukee, Wisconsin to Philip Danforth Armour, Sr. and Malvina Belle (Ogden) Armour. He was the couple's first child; a brother, Philip Danforth Armour, Jr., followed. The year he was born, his father became a partner in the meatpacking firm of Plankinton & Armour. The family moved to Chicago in 1865. In 1867, Armour's father decided to move the company's primary meatpacking operations from Milwaukee to Chicago. His business partner disagreed, and sold his interest in the company to the senior Armour. The firm moved, and changed its name to Armour & Co.[1]

Armour attended Yale University, but dropped out during his senior year in order to assist his father with the family company. He became a partner in the firm in 1884.[1]

J. Ogden Armour

He met Lola Hughes Sheldon in 1891. They married in Mexico in 1892, and had one daughter, Lolita Ogden (Armour) Higgason (1896–1976).[1]

As his father's health declined, he took over more and more responsibility for the direction of Armour & Co. His younger brother, Philip, Jr., died in 1900.[2] J. Ogden Armour took over as company president in 1901.[1] During his tenure, sales increased from $200 million to $1 billion.

In July 1904, the Amalgamated Meat Cutters struck all meatpackers in Chicago. Armour and the other employers broke the union by hiring thousands of unemployed African American strikebreakers. The hiring of the strikebreakers provoked a riot involving 4,000 union members and their families on August 19, 1904. The strike collapsed in mid-September. Social reformer Jane Addams met personally with Armour to secure a contract which helped the union survive.[3]

Armour completed construction in 1908 on an Italian-style estate on 1,200 acres (1.85 mi2) in Lake Forest, Illinois. He called it "Mellody Farms." The estate was designed for his daughter, who was crippled as a child.[4] The grounds contained ponds stocked with fish, a large herd of deer, stables, an orangerie, and its own power plant. The mansion itself contained a bowling alley, twenty marble fireplaces, a green panelled room purchased by Mrs. Armour in London, and a direct line to the Chicago Stock Yards.[5] The historian of Lake Forest Edward Arpee called it "the most pretentious" of all of the colossal housing appearing in the town at the time.[6]

In 1911, Armour and nine other meatpackers were sued by the federal government for violations of the Sherman Anti-Trust Act. Armour convinced the other owners to let the case go to the jury without offering a defense; Armour and the other meatpackers were acquitted.[1]

The smoke clouds of progress.

To finance the company's growth during World War I, Armour sold $60 million in bonds to the public in 1917. These bonds were converted to stock in 1919, making Armour & Co. one of the first publicly traded meatpacking firms.[1] Thanks to his fortune in meat and interests in the railways, Armour was known as "the second richest man in the world."[7]

Armour and Co. stock yards, Chicago

The company lost $125 million between 1919 and 1921. In the post-war slump, Armour & Co. sales collapsed and the company went $144 million in debt. Armour suffered the most[1] when he lost most of his family fortune—at $100 million in stock (about $1.47 billion in 2010 dollars; then the second-largest in the world[4]) in the downturn. During the worst period, Armour lost a million dollars a day for 130 days.[8]

Armour's daughter Lolita married Chicago banker JJ Mitchell in 1921 at the family's estate in Lake Forest.[9]

Armour was unable to reinvigorate the company, and was ousted as president in 1923. His successor was F. Edson White.[10]

Amidst Armour's profound financial losses, he lost Mellody Farms, which is now part of the campus of Lake Forest Academy.[11]

Death[edit]

In the summer of 1927, Amour traveled to London, England, and fell ill with typhoid and then pneumonia. As his condition worsened, he was attended by Lord Dawson of Penn, personal physician to King George V. Armour died of heart failure at 4:30 p.m. London time on August 16, 1927.

He had less than $25,000 in cash in his accounts, although his stock holdings in the Universal Oil Products Company were estimated at $3 million (about $37 million in 2010 dollars).[4][8] Years later this "worthless Stock" became valuable and made his widow wealthy. He was buried in Chicago's Graceland Cemetery.[12]

Other interests[edit]

In popular culture[edit]

Armour was the inspiration for one of the meatpacking plant owners in Upton Sinclair's classic novel, The Jungle. The 1904 strike against Armour & Co. figures in the novel's plot.

Armour and Mellody Farms appear (under pseudonyms) in Arthur Meeker, Jr.'s 1949 social satire Prairie Avenue. The novel is about the foibles of wealthy Chicagoans and their move away from Chicago's South Side.

Quotes[edit]

  • "I lost money so fast, I didn't think it was possible."[1]
  • "I have had some of the finest friendships any man ever had, although mine probably have been the most expensive friends anyone ever enjoyed. My friends have cost me a great deal of money, yet there is not one of them whom I can hate for it."[8]
  • "I don't suppose I shall ever be happy. Perhaps no one ever is. But the thing that would make me happiest just now would be to know that I could get roaring drunk and wander about the loop for two days without anyone paying any attention to me."[8]

References[edit]

  1. ^ a b c d e f g h i j Mather (1927).
  2. ^ "Philip D. Armour, Jr., Dead. Younger Son of Chicago's Millionaire Packer Stricken with Congestion of the Lungs in California". New York Times. January 28, 1900. Retrieved 2010-12-09. News has been received of the sudden death of Phil D. Armour, Jr., at Montecito, near Santa Barbara. Young Armour was ill but ...
  3. ^ Barrett, Work and Community in the Jungle: Chicago's Packing-House Workers, 1894-1922, 1990.
  4. ^ a b c Steele (1927).
  5. ^ Arpee, Edward (1963). Lake Forest, Illinois; history and reminiscences, 1861-1961. Rotary Club of Lake Forest. p. 189.
  6. ^ Arpee, Edward (1963). Lake Forest, Illinois; History and Reminiscences, 1861-1961. Rotary Club of Lake Forest. p. 188.
  7. ^ Arpee, Edward. Lake Forest, Illinois; history and reminiscences, 1861-1961. pp. 200–201.
  8. ^ a b c d "Death of Armour". Time. August 29, 1927. Archived from the original on November 25, 2010. Retrieved 2010-12-09. At the peak of his reverses, he lost a million dollars a day for 130 days.
  9. ^ "Lolita Armour Becomes Bride of J.J. Mitchell: Simplicity Marks Nuptials at Mellody Farm". Chicago Daily Tribune. 19 June 1921.
  10. ^ "Stockyards Meeting", Time, September 11, 1933.
  11. ^ Coventry, Meyer, and Miller, Classic Country Estates of Lake Forest: Architecture and Landscape Design 1856-1940, 2003.
  12. ^ "Chicago Honors J. Ogden Armour". Chicago Daily Tribune. 31 August 1927.
  13. ^ "J. Ogden Armour's Narrow Escape: Drove of Cattle Frightens the Horse which he is Driving". Chicago Daily Tribune. 11 June 1896.
  14. ^ Downey, "Old Glory," Chicago Magazine, April 2006.
  15. ^ Bonfils Building, 1200 Grand, National Register Application - July 1982 Archived 2008-10-02 at the Wayback Machine
  16. ^ Lebow, Cal Rodgers and the Vin Fiz: The First Transcontinental Flight, 1989.
  17. ^ "J. Ogden Armour Lawns to be Made "Potato Patch"". Chicago Daily Tribune. 14 April 1917.

Further reading[edit]

External links[edit]

Preceded by President of Armour and Company
1901-1923
Succeeded by