118 Capital Avenue North East

dc.contributor.other	2011-11-17_jfr	en_US
dc.identifier.uri	http://dspace.willardlibrary.org/xmlui/handle/123456789/36779
dc.description	118 Capital Avenue North East	en_US
dc.description	Home of Loyal C. Kellogg at 118 Maple Street (currently Capital Avenue, NE). From the Battle Creek Daily Moon, January 31, 1907: PIONEER BANK OWNER SPECULATOR IS DEAD; LOYAL C. KELLOGG EXPIRED SUDDENLY AT HIS MAPLE STREET HOME THIS MORNING ; WAS AT ONE TIME BATTLE CREEK'S WEALTHIEST CITIZEN BUT DIED VERY POOR Tried to Corner the American Flour Market In 1866 and Lost Fortune. Loyal C. Kellogg, original Curtis Jadwin, who was at one time a power in the grain trade of America, dropped dead this morning in his home on Maple street—the ending of a remarkable career of reversed fortune. Kellogg died poor, his only possession on earth being his tumble-down home, at one time the mansion of Maple street, and this was in the name of his son, William, and his daughter, Fluda. Mr. Kellogg was 84 years old, and though active and able to be about, still suffered from organic difficulties and an attack of the grip preceded by a severe chill on Friday last found his Constitution unable to withstand additional ills. He got up from bed this morning against the advice of the family and sat in a chair suddenly expiring though apparently somewhat better than he had been for several days past. He has been a familiar figure in Battle Creek, for many years, and as such will be missed. He is survived by two children, a daughter, Miss Fluda Kellogg and son William. No arrangements have as yet been made for the funeral, but it is expected the services will take place on Saturday. Mrs. Kellogg died during the past year. Kellogg is nationally known as the first man who tried to corner the nation's wheat supply, and failed. Weather conditions robbed Kellogg of his all whereas had they proven propitious he would have become a millionaire. Loyal C. Kellogg was the first man to pay $1 for wheat in Michigan, if not in the west, and his career had been marked with great deals. Born in Affluence Kellogg, the elder, was born in affluence, his father being a banker and speculator in Saline, the famous salt suburb of Syracuse, N. Y. The son was sent to many schools and universities for his education, being a classmate and chum, at the Homer academy, of Andrew W. White, ex-president of Cornell University and minister to Germany. Disaster brought Loyal Kellogg to Battle Creek. His father, Asabel Kellogg, with Dean Richmond, afterwards president of the New York Central, entered into a contract with the salt makers of Syracuse to take their entire production and form a sort of ante-bellum salt trust. After the contract was made the salt makers rushed the output and made so much salt that the market was against them and the men lost over half a million. The Kelloggs received by the Salt transaction some land on the shores of Gull lake, and Loyal came here to look after it, which was the opening of his famous speculations in Michigan. His Success Begins Kellogg began in the years of 1846 and 1847 by a buying the finest grade of wheat for 35 cents a bushel, weighing 65 pounds to the bushel. Then he held it until the price reached 75 cents, and his success as a speculator began. Soon afterward he opened a bank in Battle Creek, afterwards chartered as the First National. Then came two big flouring mills, and Loyal C. Kellogg became the biggest wheat buyer in Michigan. In 1852 Kellogg paid $1 a bushel to Col Fonda, a pioneer of Battle Creek - The first time wheat reached the dollar mark in Michigan. The town was filled with farmers that day, and an impromptu jubilee was held, which has gone down in the records of history. In 1863 Kellogg made his second startling purchasse, buying 14,000 pounds of wool from Chester Buckley, a pioneer wool grower, for $14,000 cash. At one time during the war wheat ran up to $3.90 a bushel, and Kellogg paid this price for three days, until it went down. In 1866 Kellogg made his attempt to corner the flour of the United States. He had 44,000 stored in Chicago and Detroit as the result of cautious purchasing, and by waiting for nagivation to open on the great lakes he could save $36,000 in freight. Flour was $20 a barrel in New York and Boston. But luck was against him - the luck that ended the career of "Corn" Phillips and all other great failures of the pit. The season opened the latest the lakes had ever seen. It was not until May 28 that boats could get out of port. By this time flour began to come in from other quarters. The price dropped, and when Kellogg got his 14,000 barrels into New York he had lost half a million dollars. And these losses were immense in those antebellum days. Misfortune Sets in. Gradually the big Kellogg fortune, that had awed the speculators of Michigan, dwindled by speculation. The maginificent flouring mills burned to the ground and misfortune followed misfortune The old speculator - a sad wreck of the past - died. His home, formerly one of the proudest brick mansions in the west, is crumbled and tumble-down, hidden by brush and covered with vines, on the swellest thoroughfare in the city, surrounded by the mansions of those who are now enjoying the height of wealth from which he fell. The Kellogg home is laden with beautiful paintings of the family members in their prime, in oil, water-colors and in miniatures. But poor broken Loyal Kellogg could not afford to have his photograph taken when asked for it some time ago, and a newspaper man footed the bill.	en-US
dc.language.iso	En	en_US
dc.subject	Capital Avenue Northeast	en_US
dc.subject	Kellogg, Loyal C.	en-US
dc.title	118 Capital Avenue North East	en_US
dc.type	Image	en_US