Gustavus Franklin Swift (June 24, 1839 – March 29, 1903) founded a meat-packing empire in the Midwest during the late 19th century, over which he presided until his death. He is credited with the development of the first practical ice-cooled railroad car which allowed his company to ship dressed meats to all parts of the country and even abroad, which ushered in the "era of cheap beef." Swift pioneered the use of animal by-products for the manufacture of soap, glue, fertilizer, various types of sundries, and even medical products.
Swift donated large sums of money to such institutions as the University of Chicago, the Methodist Episcopal Church, and the Young Men's Christian Association (YMCA). He established Northwestern University's "School of Oratory" in memory of his daughter, Annie May Swift, who died while a student there. When he died in 1903, his company was valued at between US$125 million and $135 million, and had a workforce that was more than 21,000 strong. "The House of Swift" slaughtered as many as two million cattle, four million hogs, and two million sheep a year. Three years after his death, the value of the company's capital stock topped $250 million. He and his family are interred in a mausoleum in Mount Hope Cemetery in Chicago, IL.
Read more about Gustavus Franklin Swift: Early Life, Chicago and The Birth of The Meat-packing Industry, Advent of The Refrigerator Car, "Everything But The Squeal", Vertical Integration
Famous quotes containing the words franklin and/or swift:
“Furnished as all Europe now is with Academies of Science, with nice instruments and the spirit of experiment, the progress of human knowledge will be rapid and discoveries made of which we have at present no conception. I begin to be almost sorry I was born so soon, since I cannot have the happiness of knowing what will be known a hundred years hence.”
—Benjamin Franklin (17061790)
“Days of plenty and years of peace;
March of a strong lands swift increase;
Equal justice, right and law,
Stately honor and reverend awe;”
—Henry Holcomb Bennett (18631924)