Show Armour Grain Co Coo Once F Feared eared Out Ot of Picture CHICAGO April Apri 16 10 AP Ap AP Buffeted by economic winds and outlawed by its It companions in the trading world the Armour Grain company one of ot the once onca va vast valt t holdings of the he Armours today dI disappeared appeared from the Chicago board of ot trade trade- la in whose whoSE pit It once was feared and respected An Ar of ot the board of trade suspending sus sue pending the company became effective today In I Its it golden goMen days day days the concern sold as high at as al bushels of cash cah wheat wheal I In In a single day It I was Wag Wa originated In 1 1890 90 The of the Armour Grain company marks another episode Jn in n the financIal c. c operations of tile the Armour Armour- family fam ram ily Iy which h lot for half haI a century have been linked with the ille growth of Chicago A special Committee of ot the board bOrd of ot trade declared testimony of the com corn pany's connection with wih the tile defunct grain mal company clearly shows how wrongful acts for tor which we deem the Armour Grain company responsible P P. D. D Armour founded the family fortune fortune fortune for for- tune In the last quarter of or the nineteenth nineteenth nine nine- century Chief Chie of the factors factor In InHo it Its Ho establishment was as the Armour PackIng Pack Pack- Ing company P. P D. D had two son sons Philip D Th D. Jr and J. J Ogden The former farmer died In early r manhood While J. J Ogden was as a student student stu stu- dent at Yale Tale the father rather summoned him hint t to to- Chicago Chicago- to assist asset in the the- the management of the company In 1900 00 the father tather died and the tha young man loan then 27 21 year years year old took over the management The ga gay life which then characterized the growing city at the foot toot cf ti 1 Lake Michigan J. J Ogden put behind him and Plunged energetically Into the business world tinder his dominance the packIng pack pack- Ing company compary expanded and In 1917 pack pack-j it i was at The young mans man's energies were not however confined to the packing In Industry In- In lie Ie- Ie fe succeeded ded in amalgamating amalga the Commercial and Continental National Na Na- tonal banks the new concern representing representing one of the strongest financial institutions west cf ct New York Tork ork J J. J Og Ogden Ogden's dens den's holdings were estimated at at Trading In grain caught Armours Armour's eye I and In this endeavor his actions were were as spectacular as they had been in and b banking n pai Railroading Wa g gb was another nother of t the e Armour Ar- Ar Ar Ar- mour Interests J Ogden acq acquiring OOOO shares hareS of stock 1 In the Chicago Milwaukee Mil waukee St. St St Paul Paul During the congressional agitation against trusts In the first firt and second decades of the twentieth century the Armour Packing company was subjected to to- several legislative investigations In 1905 the Armour concern was indicted the government t alleging the meat barons were Interfering with state Interstate trade officials subsequently wart ex ex- onera ted Armour vigorously fought attempts of f fla la labor or unions to organize the packing plant workers worker He lie defended the company's company's company's com com- pany's wage policy contending he lie al always always always al- al ways sought to remunerate his employ em- em ploy s according to their productivity My Iy door i Is open to the he humblest em em- with a V he e told the United States commission on industrial relations in 1915 With WIh his multiplicity of Interests J. J still found time to write a book The Packers and the tile People a defence defense defense de de- de- de fence of the the packers packers' packer policy poley In 1922 La r Salle sale street heard the first whisper r that Armour had lost los heavily In in grain transactions The U losses bosses 1 rumo rumors ru ru- ru- ru mo more mors said ald were were a as much as a Th The following yeat the company was merged with with the Morl Morris Packing company company com coin pany and Armour retired a as president Several Severa bankers banker were taken In In as di directors directors dl- dl rectors In what Armour called caned a policy of making Armour Si Co a a public rather than thana a a private corporation The rhe same year his hi name disappeared a as one of ot the large holders of bank stock He lIe had be been n the largest larget In Armour also disposed of most of ot his Is tracton traction In ln in teresta He lie declared It was his intent t f to reduce hi his holdings to those in inthe inthe inthe the packing company Two years ago ao acc according to Philip Phlp D. D and Lester Armour nephews nephews' of J J. Ogden the Armour Grain company undertook undertook un un- un to liquidate Its Us property and grain crain Interests This liquidation was delayed a statement said eld because the company als undertook to liquidate the affairs of the grain marketing company J. J Ogden at the height of his hs career was a never falling failing taing subject for the re re- re porter He lIe discussed freely Creely current event events and nd his comments often were Intriguing intriguinG I Is I It profiteering to self sell pickled pig pigs pigs' feet t at what t they cost 8 standing t In Inthe Inthe tu 1 the mud la of the p pigsty y he remarked ft when defending the packers packer against Armour once said h he yore Wore an overcoat two seasons season be bought ugh t two suits a year and made a h hat t las' las five fv seasons Of Ot recent years the affairs of the Armour Armour Armour Ar Ar- mour Interests Interests' have have largely been In th the thO hands of ot the younger young r members member of C the family A A |