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"Crash in Leiter Deal," 1898 | ||||
Philip Armour used his tremendous grain storage capacity on Goose Island and across the country to break another attempted corner on the wheat market in 1897-98. His adversary in 1897 was Joseph Leiter, the son of Levi Z. Leiter, a successful Chicago merchant. Armour even hired tugboats to keep the water open in the Duluth harbor until grain vessels could bring the wheat to Chicago.
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