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. 
