Other Interests
Armour also owned the Kansas City Power & Light Company and the Metropolitan Street Railway, also of Kansas City. He sold his interests in both companies in 1923. He was also a significant investor in the Chicago, Milwaukee and St. Paul Railway and the Illinois Central Railroad.
He was a co-owner of the Armour Grain Company. During a market panic on the Chicago Board of Trade in August 1914, he helped avoid a spike in wheat prices by selling hundreds of thousands of bushels of grain.
In 1901, the same year he took over Armour & Co., Armour donated $1 million to the Armour Institute, the college his father had founded. Additionally, he was a founding director of the South Shore Country Club in Chicago.
In 1909 he was silent partner for Frederick Gilmer Bonfils and Harry Heye Tammen in the purchase of the Kansas City Post.
Armour played a role in aviation history when he bankrolled the pioneering transcontinental flight of Cal Rodgers. Armour used the flight to promote the introduction of a grape-flavored soda called Vin Fiz. The plane, and its accompanying railroad cars, were painted with Vin Fiz logos.
Armour built an Italian-style estate on 1,200 acres (4.9 km) of farmland at Mellody Farms in Lake Forest, Illinois, in 1908. The estate was designed for his daughter, who was crippled as a child. This former estate is now part of the campus of Lake Forest Academy.
J. Ogden Armour wrote two books: The Packers, the Private Car Lines, and the People in 1906 and Business Problems of the War in 1917.
Read more about this topic: J. Ogden Armour
Famous quotes containing the word interests:
“The history of mankind interests us only as it exhibits a steady gain of truth and right, in the incessant conflict which it records between the material and the moral nature.”
—Ralph Waldo Emerson (1803–1882)
“Are we bereft of citizenship because we are mothers, wives and daughters of a mighty people? Have women no country—no interests staked in public weal—no liabilities in common peril—no partnership in a nation’s guilt and shame?”
—Angelina Grimké (1805–1879)