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Encyclopedia Britannica - Main :: FAT-FLA |
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FIELD, MARSHALL (183 1906) , American merchant, was born at Conway, Massachusetts, on the 18th of August 1835. Reared on a farm, he obtained a common school and academy education, and at the age of seventeen became a clerk in a dry goods store
establishment of Cooley, Wadsworth & Company. In 186o the firm was re-organized as Cooley, Farwell & Company, and he was admitted to a junior partnership. In 1865, with Potter Palmer (18261902) and Levi Z. Leiter (18341904), 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 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 world. He died in New York
gift of land valued at $3oo,00o and of $1oo,000 in 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: FIELD, MARSHALL (183 1906) If you wish, you can link directly to this article.
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