Show I How To Lose Million Per Day i Learned From Armour Loss Study I 1 Record As Loser Hard To Beat Books Show Showy By y NEA Service CHIC C GO Aug 22 Many Many stories have heen written telling how to tomake tomake tomake make a 0 million dollars Heres Here's one that tells you yos 01 how to lose loe a million Perhaps nobody 1 wants to When the average American to whom looks like lUte all the money In n the world reads of some rich man I who has dissipated a fortune of 10 or so he is apt to lay down his paper and say When a I man mon gets of that much nuch money why in thunder cant can't he hold on to it ITS IT'S EASY EASI TO LOSE Money Is easy to lc lc To learn how its it's done Just study the he life of the late J. J J Ogden Armour Chicago meat packer who who died in London the other day after arter seeing one of the largest fortunes in the world dwindle to a a fraction of its former size j Armours Armour's wealth was once dous He lie had properties valued at atno atno atno no one knows how much over And it went All but a small frac- frac tion lon J. J Ogden Armour entered the fi financial fi- fi financial world In 1881 leaving Yale university to enter his fathers father's meat packing business A youngster fresh from college he applied himself to the Job ob of making the Armour fortune one OM of the largest on earth He succeeded admirably The great Armour packing house bouse grew crew larger and larger It became an International nal institution Annually it did more than worth orth v. v of business business' NOT SATISFIED Armour was not satisfied with ac- ac activities in one field In the late nine nine- nineties nineties nineties ties the Armour family had h d established bed beda a brokerage concern concern to deal in futures on the Chicago wheat market Armour became a skilled market manipulator He became the largest larest owner of bank stocks in Chicago His father had be bequeathed be- be bequeathed bequeathed hint an Interest in the Chi Chi- Chicago Chicago cago Milwaukee St St. Paul railway Armour added to this at one time owning shares of that roads road's stock stockS And still he continued expanding He and E E. H Harriman formed a 50 stock company to finance a subway freight system for Chicago The Kansas City Railway Light Co passed to Armours Armour's control He Ile became director of many banks and other fi financial Ii- Ii institutions Then came came the outbreak of the World war Europe had not been a 0 very ery good market for American meat products But under war-time war conditions it did didan didan didan an face about-face and began to buy all the he American meat it could get Ar Ar- Armour Armour Armour mour profited enormously His pack- pack packing ng tag company comp still the mainstay of his flung far financial kingdom expand expand- expanded ed and expanded It was as if 1 for- for fortune fortune tune une had gone out of her way to make things especially pleasant for meat packers Backers PROSPERITY ENDS Er The armistice came Nothing hap hap- happened for for a while Then Europe be- be bean began began gan an to buy less American meat as Europe's purchasing power v er went down and the disappearance of submarines made Australian and Argentine beef cheaper once more Prices began to drop In the United States business be began be- be began began gan to slacken The rhe unheard of pros pros- prosperity prosperity prosperity that had caused so 60 many busi bust business business bustness ness men to think a trifle too highly of themselves changed color coor and be became be- be became became came somewhat pallid There were even symptoms of a II buyers strike which is a way of describing d what hap hap- happens happens happens pens when people find the prevailing prices too high for their purses FIGHTS DESPERATELY Armour caught with tremendous stores of meat on hand fought desper desper- desperately so so desperately that the federal trade commission began to evince con con- considerable considerable considerable interest t In the way the price of meat refused to come down But sooner or later the break had to come It came and the good old days das were over Just how much Armour lost probably probably probably ably never will be known At one onetime onetime onetime time over a period of four months he lost a day He narrowly escaped a 0 complete smash A loan tided him over oer a abad abad abad bad period then he had to sell ell all his bank stocks to meet that loan The bankers rs organized re-organized o is packing corn com m pany The Kansas hansas City Railway W li Light company nearly went bankrupt and Armour suffered heavily Prosperity had deserted the north north- northwest northwest northwest west completely completely and and the northwest was the territory served by the Chica Clues go Milwaukee St St. Paul railroad The road went into the hands of a receiver and Armour took no one knows how big a 1 loss His Chicago ago freight subway project collapsed ut ut- ut terly Armour had to sell seU his magnificent magnificent magnificent cent country estate on the lake shore north of Chicago Thep to top the climax his 20 wheat trading organization took a dive Early this year its com corn complete withdrawal from the grain trade I l was wa-s announced a STILL RICH BUT RICH BUT BUTTo To be sure as stated before Ar Ar- Armour Armour Armour mour did not die a poor man not man not by any standard Many a multimillionaire multi million aire sire would be glad to exchange his own fortune for the estate Armour left lert Yet compared with what it was seven or eight years ago the Armour fortune has hos shrunk amazingly It Is no longer one of the great fortunes of America Ogden Armour made a agre great gre t deal of money but he lost a great grea t deal And out of that fact the great American citizen saving money by painful stages to make a II down pay pay- payment payment payment ment on a home may get what comfort he can 4 4 nw F. F Edson White president of tha th LoIlta Mitchell Armours Armour's daughter chief r hc heiress to his shrunken estate packing house of Armour 8 Co who who maus a hurried U trip to London lr l Is directing the vast ast property left by from California o nl during his last Illness Armour In order to be at his bedside |