OF THE SADDLE AND SIRLOIN CLUB 177 



tive work among both producers and consumers, and has devel- 

 oped and improved the working conditions and community inter- 

 ests in all his plants. Hs was early interested in agricultural edu- 

 cation, and founded a series of scholarships, known as the Armour 

 Scholarships, which were competed for annually at the Interna- 

 tional by the different colleges. Their award to each institution 

 was based on the excellence of showing of each, in the student's 

 judging contest and the show of college livestock. 



Mr. Armour has always followed a sane financial policy as 

 head of the Company and each year has put back into the business 

 about 90 percent of the profits. He played an important part in 

 engineering the changes necessary to produce a steady livestock 

 market every day in the week, thereby giving the packing house 

 employes constant and steady work, and overcoming the earlier 

 tendency to spasmodic and unsystematic periods of employment. 

 He has contributed generously to his father's philanthropies, espe- 

 cially the Armour Institute, giving the latter sums far in excess 

 of the liberal amounts originally provided by his father. 



