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FIELD, MARSHALL (183 1906)

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Originally appearing in Volume V10, Page 322 of the 1911 Encyclopedia Britannica.
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FIELD, See also:MARSHALL (183 1906) , See also:American See also:merchant, was See also:born at See also:Conway, See also:Massachusetts, on the 18th of See also:August 1835. Reared on a See also:farm, he obtained a See also:common school and See also:academy See also:education, and at the See also:age of seventeen became a clerk in a dry goods See also:store at See also:Pittsfield, See also:Mass. In 1856 he removed to See also:Chicago, where he became a clerk in the large See also:mercantile See also:establishment of Cooley, Wadsworth & See also:Company. In 186o the See also:firm was re-organized as Cooley, Farwell & Company, and he was admitted to a junior See also:partnership. In 1865, with See also:Potter See also:Palmer (1826—1902) and See also: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 See also: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 See also:world. He died in New See also:York See also:city on the 16th of See also:January 1906. He had married, for the second See also:time, in the previous See also:year. Field's public benefactions were numerous; notable among them being his See also:gift of See also:land valued at $3oo,00o and of $1oo,000 in See also:cash to the University of Chicago, an endowment fund of $1,000,000 to support the Field Columbian Museum at Chicago, and a See also:bequest of $8,000,000 to this museum.

End of Article: FIELD, MARSHALL (183 1906)

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