, 1874-05-09

uAeo. and eccfth OF tho great htorcH Btnntl
ompty." Just before tha opening Of Tho Tre.
mont Honao, tho writer tried to got rooms at
cnuh OF orr large hotola At each ho wns told
TINT no moro permanent boardors could bo taken,
inasrnuch az the moro profitable transient travel
kept each constantly full. Tho fremont now
for tho na'no roason. LII yiow oil thsso
facts, wo might charitabIy conclude, wore il
not for tho second clause Of tho sentence quoted,
tint tue first waa intended to road, "Tho groat
hotels are eyer tillod." That second olauso lB no
tr,ler tllan tho first. Worry fow OF o,1r great
stores stand empty. There nro Homc tenantlesH
olios on Wabash avonue mid rho croHs-ntrcots
botwcon Stato etroet and Michigan nyouuo.
IhcHo arc substantially all lii nearly ovcry
t1naso, some special reason exists for tic fact.
Ih!ls tho empty storos On Wabash avenue nro
mainly those which woro built, hastily and
roughly, immediately aftor tho tilo.
WHEN THE HANDSOME nusfNEss QUARTER wAs
Nrnu1LT,
With With redonbled ;, ,aplondor, The merchants who
nycnue flom Twelfth street northward, hastonot!
70 reoccupy their old places. The avenue had
been spoiled for q residence street by the con-
version Of dwellings into shops. II was now
spoiled for tlrst-c1ass blelncaa strcct, at oast
below Congress- bcCauao 1aun<lrios, restaurants,
etc., occupied tho metamorphoHea houses. Tho
bauly-built atoiea Immediately north Of Congress
street could mt stand this double trlal,--a new
and splendid business quarter little further
AUL VI AAA &Ht III bLkuGk VI HUtk4 6LHpH NlulEute
asely south. They wore therefore abandoned.
THE uNocourlED BUILDINGS on THE oHoss-
STREETS
stand empty for two roasons. Those Of thona
which wero built carly were held 1T abaurdly
high rensB. Most Of thcm could readily hnyo
been let at tue rates aslzed for them. Thoir
owners' refusal, ut first. OF auch ratos, drove
business to otlnr locallteB, aud thus hindered
the renting Of all storea In thcir uelgbborhood.
To counterb4lanoe tho few unoccupica storcs,-
V{aH s%$ f4,npn f1uo i'll
which do not affect tho vast rnajority.-wo can
point To buBineEH.centros i1i places covered, be-
fore the flte, with petty dwellings. Madison
stroet probably has now moro atoro-roou upon
it thhn Randolph and Madison formerly had to-
gother. business aprang mile aud more wout-
ward on Madison aftor tie hro, and has maln-
tained its footho1d there, while Oh tho South
Side street Of shantfea has become ous Ut
palaces.
NO sunEn aIdNs OF PROSPERITY
can bc given. Our trade has covered nearly the
whole OF tho old busiuess section. and has, bo-
adoa. built up dozena of blocks Of stores whero
dwellings oncs atood. Yet the passer-by muat
watch With care, In order to find va
cant building. One who gllanccs over Tho
gloomy pictures of the outside pross would
imagine TINT man standing in front Of one oc-
ouped store must uso telescope to see tho
tign OF the next. A store is built 10 be rented.
II II stands unrcnted that iB something ab-
normal, something to be remembered. Tho oyo
FAooVH
rest upon one that is not. The sight is strange.
Il seema, then, for q text on which to decry CHI
oago. When
THOSE FoREoLosunE sA1Es
the Graphic correspondent is SO sure about oc-
cur, tho Eastern mon will doubtless DO able to
bear up under the burden Of their white ele-
plants. II not, Elenty Of pcoplo will DO glad to
buy them. The market ia now ovelstocked with
real estate loans. Tens of thousands of dollars
are lying idle in agouts' hands. for want Of bor-
rowers. For some months, heavy capitalists
have been quietly transferring their Investments
in railroad bonds, etc.. to Chicago real estate.
Tho 'scollapao" Of our trade will doubtless
come
WHEN TIE LAKE NARNows INTO RIVER.
Both events are predicted with equn certainty.
Now geology teaches that the lake. inHtead of
leaving Chicago, constantly eats into the west
ern shore and washes It over upon the eastern
bank. The sand-h1lls Of Michigan we're once
part OF Illinois. The point is scarcely worth no.
ticing, savo as an incidental proof Of tho inac-
curaoy that pcryades the whole letter.
Our friends might as we'll cave themselves tho
pain Of grleying over our premature decline aud
fall. When NO needed their sympathy, 1t was
given witaout STINT and was gratefully re-
ceived. Now that NO do not want It, lachrymosc
displays Of tt might "a we'll stop. Chicago can
take caro- Of herself.-nud means to do 30.