Marshall Field

Marshall Field

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Marshall Field

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Marshall Field (August 18, 1834January 16, 1906) was founder of Marshall Field and Company, the Chicago-based department stores.

Life and career

Marshall Field was born on a farm in Conway, Massachusetts,Marden, Orison Swett. , Mises Institute the son of John Field IV and wife Fidelia Nash. His family was descended from Puritans who had come to America as early as 1650.

At the age of 17, he moved to Pittsfield, Massachusetts, where he first worked in a dry goods store. He left Massachusetts at the age of 18 for new opportunities in the rapidly expanding West. In 1856, at age 21, he went to live with his brother in Chicago, Illinois, and obtained employment at leading dry goods merchant Cooley, Wadsworth and Co., which was to become Cooley, Farwell & Co. in 1857. In 1862, Field purchased a partnership with the reorganized firm of Farwell, Field & Co.

In January 1865, Field and a partner, Levi Leiter, accepted an offer to become senior partners at the dry goods establishment of Potter Palmer. The new firm became known as "Field, Palmer, Leiter & Co." In 1867, after Field and Leiter could afford to buy him out, Palmer withdrew from the firm, and it was renamed "Field, Leiter & Company" Finally in 1881 Field bought out his remaining business partner and changed the store's name to "Marshall Field and...
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