New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-10-17
WHAT CHICAGO NEEDS.

Relief Committee OF the Chamber OF ConelOe' 'n0 io
lowing interesting address on the needs and prospects OF
the desolated city:
Nh Pprs1pENr AND GENTLEMEN MEMBERS OF THE |
NY CHAMBER or COMMERCE: few OF you may re- |
member that 1885, had the honor to address you on
the subject Of the Pacific Railroad then took rather
brighter view Of the location and OF the facilities lot
building the road Of the extent Of Its business and It's
influence upon the travel and the traffic OF this country
and the world than many Of you probably believed
could he warranted by the facts but think you VIII
now agree that what may then have seemed 70 DC oou
II not improbable speculation has been more than real
ICED Andn fresh from that terrible baptism OF nre
which has swept over and destroyed the best portion OF
the City Of Chicago, venture to take hopenl view oI
her future proyded you and the capitalists OF EewforK
and the East generally render her stricken business men
that material aid which trust you will feel 1t Ooth saIe
and pleasure give my best Judgment and most care
full study Of the whole subject convince me- at least that
the views you may permit me to present will also be
TIE EXTENT OF THE Loss.
Ofthe extent Of the calamity that has desolated our
city need not speak in detail Your newspapers OF last
Friday morning had correct maps of the burnt district
Some acres cOveredby tghtul ruins or swept by
the devOurng fire maddened by the fury Of the hurr-
cane are bare as they when the over
years tits safe to say that all that remains
stroyed All our banks all largest and best hotels
or two Of lesser s note all OUR largest Snd
and other business houses all Of our newspaper oces
Society building with ali its valuable treasures the
Library Association containing among other works some
Britain thousands OF dwellings the homes Of the rch
filed with priceless treasures and with her-ooms OF
the ten all have been swept as BY the fe
hesom Of from the lace OF tSe earn Of
Mahlon ID. Ogden esQ-is left standing and probably
cpOSShne in Lincoln n0 PARK or half immersed in the
waters OF the lake. to save themselves from the heat ana
tempest Both the losses and the suferngs of that day
he fully Or 5sS nn m Tse SSd
cannot well he exaggerated
UNBOUNDED SYMPATHY.
II our calamity It's kind bAs been unequaed in the
worlds history response has met the sympathy,
the outpourng and unbOunded beralty Of the entire
American people, is grand sublime GOdike. 1t throbs
In the lightnngs fash through three thousand miles OF
the deep dark Of old Oceap and makes our hearts
glad for people, brothers ana sisters OF
free America hOnored sons and OF our
sires across the Atlantic with the proonndesE e 6
weep midnight, not their losses OF thousands
Tystmdc at f the noble Charity you have shown God
will reward you for It, and our children and chlldrens
THE NEXT THING NEEDED.
The millions Of dollars in clothing, provisions and
money already raised and being subscribed have relieved
the immediate necessities Of the poor, and thousands
who have been made so by the fire. But. gentlemen the
next imperative necessity place funds in the hands
Of the leading business of Chicago to enable them
to rebuild the city, to handle the products OF the vast
abOrers of the CITY to work Do this and the poor can
must star1e or your charities viii continue to yerc
taxed TO support them for you cannot see them die or
To "a e cantns Of the COUNTY, "a and p to the business
men and capitalists Of England aud Germany for means
with the two elements Of security and profit.
have still another those who have now loans
Of our leading houses should continue those credits and
order TO make what they now have there available.
Nearly all the central portion Of the city has been swept
acres of prairie unless made valuable for business by re-
It. The @ p 0a her
ali gone but sterling integrity, nnbending energy.
81 ta' the
which have made Chicago the wonder and admiration Of
best powers enlarged and intensified by determine
and ruer noDcr and better do not live, than the
leading business men Of Chicago. ask not Tor them
ntrust as nnch as you can Of Your surplus capital
their management for your own and for their plont
A BOLD POLICY SAFEST.
But to repeat and to be specific Let insurance
companies and individuals who have loans Chicago
real estate take second mortgage with policies Of insur
for money enough to build substantial building
upon it. Such must be the demand for places of all kinds
to business for several years come that the rentals
will surely pay the interest both the mortgages and
leave fair surplus TO the owner TO pay the principal
sae and really conservative for capitalists to pursue
They in this way within year at most make safe
mm& sSbSct them To- great and loss Un
ncumbered Chicago real estaeand there vast deal
Of that-oers the very best possible security TO capt.
weeks ago would sell for 1900 per front foot for say
$500 per front foot in three years. so rapidly
is the city to grow that it will be worth twice as
much and in five years will have reached tits former
value Of g. 1000 per front foot The point make is that
Chicago real estate must rapidly appreciate from present
nominal values, aud render all loans upon 1t entirely
Again there are thousands Of Chicago business mon
who have friends East who know them TO be honest
ergcc and capable. If they have other security
them money enough to start business They have lost
ono fortune and with little Of your help the start
they can soon make another As to the large class Of
merchants and manufacturers who have done business
with Chicago houses know they will extend all the aid
in their power by large and liberal credits BY doing
So they will be TO collect what Is now due them
and 10 secure large orders profits future The
mercantile community pr0verbally liberal in their
anity Chicago merchants will doubtless receive the
most generous treatment from Eastern merchants and
manufacturers.
GOOD TINE TO COMMENCE BUSINESS.
There has not been for the last 20 years. good time
for men Of capital TO start business in Chicago
Thousands anxious to locate in this focus of Western
commerce have been deferred from doing for
the reason that the business in each de-
partment had become concentrated in COM
paratvcy a few hands. With few exceptions all can
start even in the for fame and fortune The
has lsveed nearly all distinctions and the merchants
and dealers who have heretofore purchased in our Older
and larger houses Will buy where they get their goods
the cheapest Now, therefore, Is the time TO strike.
delay OF year two will give an immense advantage
to those who start at once. True, location must be
found perhaps store built but couple Of months at
most are all that Is needed " start business with the
best prospects, OF success.
country with considerable who wish to start their
business. OF course they are without experience
Furnish them capital TO go In business with an expert
edge and energy against the capital and In few years
these will be men Of wealth aud honor Such opp0r
tunies word it. be found in abundance. Bet
thousand fold encourage the sOns OF the rich To
honorable exertion than to allow then " waste their