Field, Palmer and Leiter
Page entitled : The
opportunity - Field, Palmer & Leiter
Content of this page is about :
How Potter Palmer's need to retire brought Marshall Field and Levi Z. Leiter
the opportunity of their lifetime to become partners in a dry goods emporium.
... an outstanding opportunity every rich man seems to find on his way through life, presented itself to Marshall Field and Levi Z. Leiter towards the end of 1864, when Potter Palmer’s health at thirty-nine suddenly broke and his physician ordered him to retire. Palmer had followed Field’s career for some time and also had a good opinion on
Leiter. He proposed them to take over the business and keep him as a silent partner, along with his brother Milton. The deal involved the creation of a new company, Field, Palmer &
Leiter, who would buy P. Palmer & Co’s buildings and inventory for ...