, 1874-06-21
Comparatiye Statement Of the Loan
Market for lune.
4 plan for the Decoration of
Chicago Streets.
rha Baltimore & Ohio Railroad --- New
Buildings.
Miscellaneous.

AND THE WEST SIDE.
&, many conflicting statements lave been re-
.o1tlv made regarding projected union passen
.,,r denot On the West Side, that pubic curiosity
b.. been aroused without beng in any degree
,,tisfed The scheme, general; consideie ed, ia
not new one.
IT WAS FIRST ANNOUNCED
less than ten dars after the great fire Of Octo-
h., I'LL Then thcra Was q SERIOUS intention
n constructing grand central Union depot.
~, Thomas L. Scott, tho late Horace F. Clark,
Ifan +. Tracy aud James F. JOY all 1nvore1 it ;
int = LEGATION could not be agreed upon; aod, as
there pcemed 10 be no prospect of at agreement,
the Lake Shore aud Kock1sland Companies with
ires. and commenced the rebuilding Of their
magnificent structure.
Meantime the Illinois Central Company worked
,ssiduous1; 10 secure the Lake Trout grounds,
roiug 50 fur as TO ask
PRESIDENT GRANT 70 INTERFERE
III their belalf. Olaer aud new roads desired
denot Accommodations. To induce them to uaito
npon tue Lake Front strenuous Efforts were made
10 induce the Northwestern AID the Mllwaukee
/ st. Paul Companies tc run as far east az the
month of the i,er, and there cross over into the
uolou iepot The lattc1 Companies, however,
uerer seriously entertained the proposition.
Seeing the West Side reads would not come, MI.
JOY determined to 80 o7er to them.
It il popular error TO suppose tnat rival roads
never wish to run 1nto tho same depot: Ihe iacf
Is tley would greatly prefer being side,
by side. IHea 70 unequal advantages
for securing business need be feared. Besides,
In their open dealings in the presence OF one al
c.her, railway o1llcais are 1node!s OF aInlsy and
courtesy. All suspicion Of unfair dealing Is dis"
armed Any company would Iatner secure close
connections, even il associated with the bltterest
rival, rather than be wholly isolated. The opin~
ion also prevails that railway companies must
have their freight aud passcoyer depots near to-
gcther. Such assoc'ahon might be convenient,
but Is by no means essential
THE LATEST UNION MOVEMENT
began about TAO months ago. Nearied OF tbs
d4ays aud annoyance Incident to The Lake Trout
differences, The e., B. l. Q. and Michigan Gen.
tyul Companies resolved to migrate to the West
Side. Neither Company has hitherto had an,
Wisconsin or Minnesota connection. DcsifouB OF
occurring these, negotiations were entered into
which developed Willingness On the part OF the
Chicago j. Alton, the Fort Wayne. tho Ailwau-
Lee l. st. Paul, and the Northwestern Compa-
MES to join the Burlington and Michigan Cen
tral in constructing union depot. The # ouua
bounded By Van Buren,, Canal, and Madison
streets and the river seemed most eligible. This
Is mainly owned By the Pennsylvania Company
OF which Col. Thomas A. Scott is President
Hia Assent to the project WAS secured. Articles
OF association were drawn up, and doubtless
parties had not.
TSFoREsEES DIFFICULTIES ARISEN.
4 ms sjonty of tLc signatures lave already been
attached to the document, aud as all the Com
pnries are sincere in their epdcayor to secule
union depot. although the precise location may
be doubtful, the project is not. Tho parties in
terested greatly need depot accommodations,
Ind are anxious to procure them. Unitedly thcy
rould erect structure that would be creditablo
nike to the city and the corporations. while,
nugly, the enterprise would bo TOO great drain
upon their depleted ezcheQue1s-
Tie Presidents OF the eix Companies named
1iI constitute tile Directors Of tie Association,
hom whom President to control its affairs will
he chosen. Each Company contributes an equnl
imount to the capital stock; and, for the COLI
r1rchon Of the depot, the Association will Issue
hei- oTn bonds, guaranteed by the several Rail |
ray Companies.
TILE ADVANTAGES OF WEST SIDE |
nca'ion to these railways are apparent. The !
Northwestern would not then be obliged to Cross !
be nrer nor would the Burlington any longer |
Incur tho dispieasure OF the South Side avenue !
esldents. Tho Michigan Central. which termt- !
hates st Calumet, fourteen miles from Chicago, /
ould either take the Fort Wayne road at Tolles-
On o. iutereect it further north If not desirous
II securing their oIn entrance.
The effect Of the consummation of such a
Project upon the value OF property near the Lake |
trout and around the Fortunate site ia too mani
Eat TO justify comment