Famous Givers and Their GiftsBolton, Sarah Knowles
History
Famous Givers and Their Gifts
Bolton, Sarah Knowles
Philanthropists
Mr. Drexel lived to see his Institute doing its noble work. So
interested was he that he stopped daily as he went to the bank to see
the young people at their duties. He was greatly interested in the
evening classes. "This part of the work," says Dr. MacAlister, "he
watched with great eagerness, and he was specially desirous that young
people who were compelled to work through the day should have
opportunities in the evening equal to those who took the regular daily
work of the Institution."
Mr. Drexel died suddenly, June 30, 1893, about two years after the
building of the Institute, from apoplexy, at Carlsbad, Germany. He had
gone to Europe for his health, as was his custom yearly, and seemed
about as well as usual until the stroke came. Two weeks before he had
had a mild attack of pleurisy, but would not permit his family to be
told of it, thinking that he would fully recover.
Mr. Drexel left behind him the memory of a modest, unassuming man; so
able a financier that he was asked to accept the position of Secretary
of the Treasury of the United States, but declined; so generous a giver,
that he built his monument before his death in his elegant and helpful
Institute, an honor to his native city, Philadelphia, and an honor to
his family.
PHILIP D. ARMOUR
AND HIS INSTITUTE.
Philip D. Armour was born in Stockbridge, Madison County, N.Y., and
spent his early life on a farm. In 1852, when he was twenty years of
age, he went to California, and finally settled in Chicago, where he has
become very wealthy by dealing in packed meat, which is sent to almost
every corner of the earth.
"He pays six or seven millions of dollars yearly in wages," writes
Arthur Warren in an interesting article in _McClure's Magazine_,
February, 1894, "owns four thousand railway cars, which are used in
transporting his goods, and has seven or eight hundred horses to haul
his wagons. Fifty or sixty thousand persons receive direct support from
the wages paid in his meatpacking business alone, if we estimate
families on the census basis. He is a larger owner of grain-elevators
than any other individual in either hemisphere; he is the proprietor of
a glue factory, which turns out a product of seven millions of tons a
year; and he is actively interested in an important railway enterprise."
He manages his business with great system, and knows from his heads of
departments, some of whom he pays a salary of $25,000 yearly, what takes
place from day to day in his various works. He is a quiet, self-centred
man, a good listener, has excellent judgment, and possesses untiring
energy.
Public-domain text, read in full here on John Shaqi.
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