, 1864-02-24

10gu+ q 4A1tsU WEE&4uS VI tAc uEAuEfA WAS QElQ
last evening at the Board Of Trade to select
cite for the proposed Exchange building. At 8
o'clock the chair Was taken by John L. Hancock,
Esq, the President, when the following proposals
we're read By the Secretary. John +. Beatty, ESQ.,:
The undersigned, q COMMITTEES appointed BY the
First Baptist Church and Society of Chicago 10 ne
gottate the gale Of hetr lot on the southeast cor
ner M Washington and Lasal1e streets, on behalf
Of said Church Society propose 10 sell said lot to
The Board Of Trade OF The city Of Chicago for the
sum Of aixty-nve thousand dollars, resctving the
building now On said lot. This proposition to re-
main open for yonr acceptance fifteen days from
Signed by J. n. vanosde], Francis T. P.vanwyck,
Aanla, d,,s,,. John 4. Pollard r. H. Graves, and ].
The Garret Biblical Institute offered to lease
the lot On the corner OF Lake and Market streets,
1t011e0 ieet. for the term Of one hundred years.
IS follows. for the use Of Board Of Trade building:
First ten years at.
second zen years ht.-.. hsvN
Third ten years al. 7,0ll
Fourth ten ycars At. 5000
And then to be Appraised by disinterceted parties
after, unt1i the end Of one hundred years, upon
which yalue rental eqna to Htx per Icent Is to DO
paid. The etockholoers to pay ~ assessments
and taxes. The lot is, BY statute, ffes from taxa
tiou-
Signed BY Hon. GRANT GooDa1cu,
President Board Of Trustees.
At the end OF The one hundred years, The usual
arrangements will be made to renew the lease or
take the property 1t an appratsement-
l. c. Freer nade the following proposal:
Iwill lease my lot IN block T. In the original
erTns a Iesssn r. scsrt nc r
holder ard / smother, and the two 80 Chosen to
value tho lot At ito present cash value to sell Ia
congsnient Palceia. and the rent 10 oe 1fea tor
20 made including all t41ea aud assessments II
i'm inv IN ehoose an nmnfre md tia nsioritr If
them to fix the valuation.
Rcappraised in the rEne manner at the end Of
agees1mente IS Aforesaid Such rcappfaiasla to
be made every ten years until he expiration Of 10
;esFs. yesFs and after that time to be ia'de
Lease to contain the ordinary clauses. except
that II shan contain no clause lorhiddng assign
1eannss,ssis to be msae isrespeet,ye * iranfoya-
ments. This proposition to be open for twcnty
days and no longer.
Measrr. Aynes l. Thomas uade the following
nroposa1-
avs ,,e an,borfv-d tn offer ,bc po,+bu.,+ .o--
ner Of Market and Washington streets, :00 Net On
Washington by 100 feet On Market hs follows: The
corner 81 feet BY 180 feet, as per proposition OF MI
Freer; The 90 feet west OF and adjoining the abeve
ance AM IL one ard two years. At per cent tnterest"
W; " u. adams -, 1heleo i s tue following; %, =
agree 70 sell Inc norm ~ leet OF lot Q. block
g original town also Tue north 20 feet Of the west
te st oi ot g. block 81 o5iginsi town laow eity)
* Nsyin ~
on The 1st day Of NAV next. This aeTeemcat % to
be binding my part until noon Of the lst day OF
March ne1t.r'
|. A proposition wss received from Mcssss. Smith
ana N'1on, s,ahng' mat JUST having secured the
properly, theif psana were not 3aIIy matured,
though their intention was to put up a fine Con-
neee. yci II ihc Bosrd Of Trade would iko 70 MAKE
I arrarsSMvrts wiz them they liebt uodify theIr
plans 20 us to suit them, md in such case miellt
r.
ffruu;ns op to whatever height might be desired'
or merclv s. xsD feet on the second door for Com.
rnlttee rooms oaaees. g., and n The rest Of The
Of over i0ox.e0 feet fronting both on Washington
ard CLARK Streets In any plan adopted the Iessece
propofe having The main. stairway On Clark street
| win nriYafe. or m1upr eDfYanca frnn Washfnv
tnn street. Il either the above plans should stTtsa
tbe Comuittee Of the Board fagorably. thew won,d
eeep a1f 70 sf tcr OF
ma fo11oufnp v.a oj7sref1 hv stn,hen fn.rv .,a
~" ~, n Tss,. 11o
WHEn1As, The Chamber Of Commerce Of chlca:
20 have generously afforded the opportunity to the
Board Of Trade ot expressing thess psc1eEsnses il
therefore
EttoFed, By thls toard, that the lot on the cor
ner q Lasalls md Washington streets. Known as
nost ealgibis loeation Eof: any proposed, T We do do
recommend tns Rnscnasc @ q ~ i9s ana .hS eEes
f'Gn ene,esn o1 ,ne psoponsa Easnaase nala.ng
t{c,, ~ ~ chznacd tn The - Wteu.o has,d,1c @' '"'
osn ~, vs. ~ Ia ~. !" ~ - ,1 @'a
leesins @ fsi !s sIG si ssts q
for rostcrtty. The !1aae of Chicago has MT yet
e he esn:ss oi somHs5ce CONN + hss been ss,d thss
LIE rs ,1, sp Rst - 1eta5 Y.
sIGnsa ias ana @ aads &c 1s 3dsosaea Us 10
caHta tEEtEaG1 ps4soa3T1. s11s- 1tas ~ spcAAti
qen,fa. 10 Inc hapnst az G9nren proper ts.
~ ~ Eass ~ ~ -. sa ~ it ~ as i M. 10y
nse @ oe 1fss ene .nr5 mss or T,anuo. LIS s1aa
,he tpsincts would bare cesterea At Calumet.
ne 1e1eoahts @ . are not o'nS 70 mose tEe15 4mGes q
1'dera III ,n H.
nIen Erepefy TIE liesFal ;sa 5sn. at which &c
ss; r. aoeter ~; te1 1sf 10 10
htne ,1scr IA a5 say o
PC near the sef 60 faat the ships sna vessels can
u csrie. ~ anyoi-i .,,,dra q, asvsr., ,A,,..s ~
The last speaker - relaIse to the statng riss1 aad
~ beye /, ciesnsed II 20. he i,rst inns 'theT
e~ns,s 81 vould tgsn see I'D hass cleants IL
es enr!a Y 5rasa 'uy IA % 1a het th th
nsTaH son,o oe nasea Is aia saoMea s ~ anas INC
ske ed 9f forty 5es57 Bur With The la Improve.
u a yetae ~gIg ie ta ne M9ra n,S ht ~ 11ore
nse Es,pg lsrstr rent " H. White proposes to
/ 4G~@D LIE t9A lay H0E AAiEs6
we're ieased, they coad Lui1d so to hare conrf,
ND Inc building von1d be lighted on th1ec sides.
void reni Tor ssuo. II sonneeion Trey be- could could
join With The Mercantile Association. This lot
non, aud the locality IS central. The produce
srd tlere ihe business Vii be done. e '>'@ -
Feeding speaker were not !ucorrect. Whateyer nc
90 ior the ref ioFty Tears ne are entitled to In.
tertst. -Thes could not make loan oa TIC prop.
trty At Der cent ard therefore The epeaker toox
sper ccIt. The RENAL OF the Baptfst Church
utu!d therefore cost $4,000 moro :of the fast ten
stsrs At the end Of % years .hc cost Il saN al.
Is: 1cd the lot $780, q aad /. costs S;l5 is !.
The speaker did not believe that the properly
won.d te worth shvA0 "a foot. The Board wou!d
save In tie % years SIS! IL BY taking the Wig
to .hs Eea.d the moment 4 is executed. he dsd
Ett believe n tuildiug up whole blocks, especial.
II tu ;e.Fcd property,
tCn thr W:swsm los a rcrr magnificent sa!iain.
tculd be Put up for &lj,,O i: and the Board could
ccntsol 1te whole stock. II they decide 10 60 o.
the EEptig1 Church lot IL would coat Ss1Ot0: and
i..Eey lease spy. more 1t 'ssal9 cost, the Lord
th'e eess EeM s;,,1a o. ~ memoe s IL neo
Sc1fh Water % and West Wa.cr .trte,ss Bald fhis
lcEsc cn Washington street, and how many OIL
Ger NIL there be there rIdsr The pressure Of high
- =, 1ne ss.nS % 10 10.
:rsss inlsbtanfs AZ he yortI and South ssdes to.
sefEer sid i wcu.d be fair to giant 60 much to
they could es i; per cent on Tue outlay, while on
Mash:2stcn street they Sqn1a aot ct !! pr c:nt
tf.ht. ,ttr T "te 14s'1 "'A os >1s
Col. r. Il. Horch differed from the last speaker
materially. IN making up tie AMOUNT Of interest
nno cos !nls ou,asnE "oala enssi' tnsy UNI. ant
cinfrcn.er Of Ch,rnro js nor. nor viii not be. 81
the sfofkes' 1t stretches all along the banks d
;ae rtses dietance os several miles. Tho 9e::h
~, " III, e;.s; - ~. tas 3!
- H*Atr "A4A r."