Online Encyclopedia

MARSHALL FIELD (183 1906)

Online Encyclopedia
Originally appearing in Volume V10, Page 322 of the 1911 Encyclopedia Britannica.
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MARSHALL FIELD (183 1906)  ,
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American merchant, was born at Conway, Massachusetts, on the 18th of August 1835 . Reared on a
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farm, he obtained a
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common school and academy
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education, and at the age of seventeen became a clerk in a dry goods store at
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Pittsfield, Mass . In 1856 he removed to Chicago, where he became a clerk in the large mercantile establishment of Cooley, Wadsworth &
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Company . In 186o the
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firm was re-organized as Cooley, Farwell & Company, and he was admitted to a junior partnership . In 1865, with Potter Palmer (1826—1902) and Levi Z . Leiter (1834—1904), he organized the firm of Field, Palmer & Leiter, which subsequently became Field, Leiter & Company, and in 1881 on the retirement of Leiter became Marshall Field & Company . Under Field's management the
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annual business of the firm increased from $12,000,000 in 1871 to more than $40,000,000 in 1895, when it ranked as one of the two or three largest mercantile establishments in the
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world . He died in New York city on the 16th of
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January 1906 . He had married, for the second time, in the previous
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year . Field's public benefactions were numerous; notable among them being his gift of
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land valued at $3oo,00o and of $1oo,000 in
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cash to the University of Chicago, an endowment fund of $1,000,000 to support the Field Columbian Museum at Chicago, and a bequest of $8,000,000 to this museum .

End of Article: MARSHALL FIELD (183 1906)
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