, 1869-04-15

cofporanon .or such corporations afe but a2eu-
o. IL ot m eps,sa
ssnsaS ssss ~ asa''s sela ssels
awnJs use Or direct the use of property entrusted
70 theif management In such manner ~ viii best
ADVANCE the public lnltfr1tA
The power Of lha General Assembly. n thus
stated N Wow Of the fact thst "the tom Of GU
enaSo,' aimee tacse dedicauons were mhfc, has
Rowing with busy, lnd1su1o1s population, which,
RalneEed into these now Rtzx!iened and counned
Rnons ,ss'p Mop1a ps,hapa covsr every avsa
mcrcs Of thousands Of miles Of tributary country
Which eentres there Ia now clsmoFing for the
street. for It's own useful but unslgntly purposes,
| may well % exercised 10 authorize The aSle OF
tnsso public grounds for their rA'ue, far CONNER
money realized from sach sales 10 the purchaso
md improvement Of larger and mora convenient
The rush Of population aud hustnesa has des-
troJed the value oi the grounds for the purposes
foI Which they we're dedicated b5 the propaetors
the duty Of the General Assembly to dispose Of
them @ Or to authorize such disposition OF them -
Gated the power to enjoy them, Is nearly as poss
"A Ana M The & General Assembly Clearly appreciates
mentioned lu the fourth section one sascatial con-
portion Of lie public W eroands aat he essaeen g The tse
south line Of Aonroe street md the south line Of
dnaoPh ssFess y :! he =, p5osisons q ths ~
hstion ot this trust, IL bound BY every couslcsa-
uon 70 nsc the utmost prudence and good faith: :
and ~ obligations Of prudence and good lslth 70
4u1rc that this property shall not be sold for less
| than IT, full market vslue.
Hy the provisions OF the fourth section Of the
btt the lands described Ra lying north OF the touth
line Of Annroe street and south Of the south line
ol Randolph Gtreet, and between the east line Of
Innjn T,Af Ia nff ,ruh
to the Illinois Central RAilrpsd Company, the CHI
cage Huntington ! Quincy Railroad Company, an'i
and In consideration Of such grant The railroad
companies above named are required to pay to the
city Of Chicago the sum Of eight hundred thousand
six nine and ,Tsise months from and aiter ths
p9ssaGe Of the act to bc applied 10 the park fund
II tas eonns siaSn of q a. e
claim and release to The railroad companies already
mentioned, any and al claim and lntetest which
Of lmprorements or Otherwise, and ID c1sA the
sald Common Council shall Tefusc Tor the space OF
city TO said lands, then the railroad companies are
discharged from all obligation to paJ tic balauce
remaining unl.ald, TO The city.
this psopest. to consider this most extraordinary
proyiaion. By the fourth section Of the bill the
railroad companies are absolutely and uncondtion-
ally invested With what 3 inserted In the bill aud
is correct In ian, to be fee simple title 70 all this
property to be paid for In quarterly tnstalmeuH OF
tNu uuuNIcA lGOQsanQ uouA3{ Tue 8eCDUu OF
which falls due atx mouths after the passage Of the
bill thut 1t s provided in the bill TINT the Com
mon Council shall not within four months from
Tue passaRe Of the bill and before the second l1-
s1alnent falls ttue), qultclaIm and release al the
title and Interest Of the city 10 and to the property
then the said companies shall be discharged from
city.
by the bill the railroad companies acquire = fec
simple tile 70 the property, Il the Common coan-
cline Tor The space Of four months 70 release and
qut-clalm the Interest OF the city the railroad
fourths {slx hundred thousand dollars Of he con
payment q the price stipulated the owners Ia fee
& q 11 M decline a % ri fse.se an
md =. Il III f1 Il u e ss e
but u this hll1 Affects wha1 tho State Of Illinois
pIoieases b. It's language 10 be able to do, and
Invests the Mlnoh censsai and other companies
Vim VIZ 1, sstie f. tho property Il fee What benedt
derive from the continued retention BY he city
Of It's barren and prodtlesA claims3
TheIe can he no wellfonnded doubt but that
rosa compan!es perfect title TO Ill the pruper1y
described IN the fourth section thereof, and Au
VEL ss11asd thai n. ~ eesets a..
4 Law.
Al bare before said, 1t Ia An essential condition
full value shall be renllzeI aud applied to the 40
gutailon Of other pnbtic grounds l am assured BY
he hignsst snsh?tt,ss npon The subject Of real
scrbed In tho fourth section Of this btl aud offered
BY the terms Of that rction to the Illinois Central
quincy Raiirpsa Company, pr snd she aschiasn aa cca.
tra1 Rairoad Company, Id fee for the sum of eIfht
hundred thousand dollars, has u market value OF
two millions Ax hundred thousand dollars
hase oefors Nc communication from the
Board Of Pablis wo5ts Of tas ely Of Chicago Of
Rice, Mayor Of the city, ID whch the following IAn-
gnags occurs; H. The saiue Of The :sscs Of land In
ny 6esresn ,Rsnaopn md Mone
no.s Central Ral!road-,he board estl1natea al
eeo go; as wn be seen by the appended lerterof
his estimate is colnciIed Nth by them"
will have the honor Of furnishing to the Gen
ny letter to dc lion j. i Rice, Nascr 81 TIC e4s1
o. GIhsaSe' bSnItng dste Of March 1872. and h!s
opinions Of the members Of tho BoAri Of Fnblic
WoEks Of the city Of Chicago men known shrun9h-
rnent and integrity. and u The e1pessnced ~ ] eusi
ness men who concur IN their estimate, Tits hill
9sa 9ss ~ 10 ns!c % mo[ sssn sTas et tc
citizens OF The statc. who arc Interested IN the
To me, IL the Executive Of the State Of Illinois,
and 80 iar tho representative Of that portion Of s
iii pupesty he questions mt afse upsn ID taess
mode Of settlement -
and following sections Of this bill require this
property for tho purposes Of their busneaA, under
the purposes ot its original dedieatton, they ought
70 be permitted to tAtelt upon the single condi-
too Of paying its tatr market va,ue- Such prop
hon Of The proceeds to use substantially the
Rame n that contemplated in the original oedlca-
aon, Min meet ny approval
I n n fhyt n nj
the property By the Roa1d of Public NuEh Of tha
city Of chscago and the real estate dealefn whose
high TO this nothing more need b answered
laan that It is Impossible that their esttm4te IS
IN ias iii nd srntn1o se sa.s ',ee d
ence Of one million eight hundred thousand dollars
eetrssn ,her % re IN mi ne ee .oF sas
1oeasfy 5eyond he control & 'I he s.ase sad IAN an
could settle the question Of vane With q degree
Of certainty that would no doubt be entirely za1ls-
Before engaging IN The discussion of those pro-
visions Of this b!ll thai refer 70 and contrm "tna
right Of the Illinois Centra. Railroad Company,
which ssid grant constitutes razt Of the conaid-
Grafton for which rstd company pays TO thn Stasa
under and b virtue q rs appfopfl..ion
=. y. Use snd control and the rpaEtsn ownership
Incident TO such e grsa5 apPP.aton oeeupsac!
otherwise, 1ytns cast Of the sad llne running PSF
alle With and four hundrt<t feet east of The vest
lne 81 Michigan avenue. tn fractional sections ten
which grant to the Illinois Central Railroad Com
rany "en the right Tile And interest Of the State
OF Illinois IN and TO the submerged lands co1stt-
tutlnR the bed Of Lake Aichiean living east nt the
tracks and hzsak water Of the Illinois Central RAIL-
road Company, for the distance uf one nile, and
between the south tine OF the Routh pier ex-
tended eastwRrdlF and 4 line extended eastwardly
ss nm o fs ss.tn n, line , 9' LOT
Bh0rB OF that company, ETC., IN fee1 NAV be
Permitted to express my profound rrGret thAt
nothing has come 10 my knoxIe;izc either in tho
pIoecta1nss Of the General sse1ibly or nom any
other reliable SQUIRE, 70 enahlt to form sstis-
factory opinion to the character extent OF the
rights 70 vaguely enumerated anc oonnrmcd
The llltnose Central Railroad Comp0nJ, under
u Arrangement With the Common Council ol the
city Of chicago, acquired the ri0ht to lar down,
construct and nAsntaho within The Limits Of the
city And along the margin Of Lake Michigan. With
ruorc tricks By The ordinance OF tho c4ty which
etnfeHc1i this psEiieEe upon the Illinois Central
RsllIoAd Company, It was fequ1frd TO enter tie
city At OF near The tnsarsectn OF s soata bouoda-
near the martin Of The like noFthery to the Aouh-
ern bounds OF tbs open Epace known ~ takc Park o
fsnnt OF canal section 1ftetn, TO soch grounds -
.s ea!d esnpan! q an 1 Tay acanire het~ssa Rsndolph
pan! Eas further authorized 10 enter npon and
pse In pe1pesutsy for IL ksd tine Of road md any
Ahet Wo1ts neceesarT 70 protect the same from
snd ne & - ~fath ~, ., sn e. fess 1rq tae e9atasF1
street to the northern tine Of Randolph street. tho
inner or west line OF the grounds to Be used by
said company to be not less than &op fees east fro
thereto: AID other privileges were eoneedcd the
Illinois Central Railroad Company BY this o1dL
nanee that need not lie particularly stated.
Of re ps rnS oP e. STE 8 ne, me fssrs. %
ttytau no prp tudce ac1rxt aur person or tz3rpofa