, 1875-02-13
THE CHICAGO R0THsCHILDs.
Trouble in tho GrccItcbauln Fam.
lily Of Bankers.
The Inside Management Of Great Money.
Making Institution.
Enormous Profits Of Banking and Real
Estate Speculation.

r. t., .,.,. T., a.. ..r;,. =, f.,,;o,,o
pa,,,..,.;,,, !. H.. ,,aa.. ,.,.r,rc f,r ~.
t;,a 't H.. nr.,- ,ust,as, ~ IN H.. .,,,n.. =,
1on.1 nrocecd,nos I'M ~ u,,conomon int,,rest
49, 49,. s,a,, ,ast.r,.v hx H. 1a,,o o,scnsisun
.,,ro,,,,,. liz .ttarnov .r,,,r~ " ,7indoIt r.,
rh;rh ,,ves ,ha ,ntar,or l,;a.o,v ~ ann, of ,na
,,roj.,,, ~ ,sr,a 1rast Ia nkor fro,n
En,i1aho,r, !, =. NJ 11o,-v n,aonon,,m ,oxn. n
ta ca,io1 .n,1 ,1so illustrate. INV adyant.reopa-
" thu f,,nction. of h,nkcr and West Chicago
j,art Commissioner mnr bo nereod. 'rno
.1,eeat1ons in Mr.. 1saac Graenebauu,'s bill nre
al, of them {ntc,ost;nc anna of tbom ouite AZ.
c;t;,n -, ,n,,ch an in fact - tn toa5 tn Tim
n.ture, nnprsben,;on that s,,er a pcruss1 Of tue
,o,1a,, n.r,o,;.o as..r,,,1, xho las s5o mn T.,
so'u'u n"'t""'o e'oi''oe' 49, e1 @e1e'e fA
reaoy money Will Do ss1zeQ Hl'A III Aucobtroflh-
Bile desire to start clearinghouse and "a only
a limited number of them can aiao expect to
bscome Park Commissioners as we'll tho auau-
o;,1 .~,.,,tr - rt,,..zo ,,i,nt ba r+s,,,v de.
turbed. -
TEnMs or corARrsHasH1p.
According to Mr.. 1Aaao Greepebauno'e bil ho
f,,,,al l., 1rts 1Qeo !, ,on,rtnera,;, will 11o,.
~ d'eenapaum' hoad OF tuo ch'easo p&nA'hs-
houae OF Henry dreenehaum d Co.. and With
David L. uroeneIaum, of tho Now York house
of Grecpabnufn DrotI,ers Il Co, Dy tho terms
- .a.oa,.a,+ o,to.od l,,o hv tho con,r,ror.
OF agreement onsefeo ih'o ny 'ao sopA''nete,
Isaac was to give his ole personal attonton afld
aeEvices to tho business Of the firm, aud was
from the beginning OF his copartne,Hhip
nntl1 Ian. + 1872 tn rec.iyo onc,
tenth, and After tha. timo to rocoiyo
ono.third. Of tito profits OF tho business OF
both the Chicago and Now York houses. Tho
New York firm had been established about year
nravous To Iaaac'n entering into the eonartner.
enlp' viii capta' STOCK o1 apout too'"ou' ~
chicaso house. By tie terms Of thi. agreement
eacb nf the coparti,ora was to contribute all hi.
tims labor md sl'l to Tie iatose#!' Of tho Co
pattnefship' Woieh isaac a. did ta's1tnl!y to May
last. Isaac allege. that the No" for4 branch Of
tho oopattheIahip huEnodt haa
roSE HEnAnkAnLY n WELL
since its incepsion It's prohta averaging $50. .ooo
year, or exactly "cent per cont ~ the orig'nal
capital. amounting In oil to $3.50 oUe Of aecuana.
!ated pfoti1a aud captal Witch hte still
employed in tue copaItnershlp business. At The
tlmo laaao entered tie c9pasinership, the CHI
cago houso Of Henry Groenebauu + Co. was
dong general banking ous'naas' and more than
half tho oRtlte foreign exchange business Of
Ghic.eo wa eeing done 70, ., ~ tnen a amounting At
mat time 70 ot least &a,uvo.uov yoaf WILL IN
anpu2l net profit OF At leaht S3o, ouo.
REAL-EaTATE TnassAcIfoNs.
In tho year !sG9, II will oo remembered That
Henry 9roenebaum became one OF tho Wcst
Side Park commissioners. Strange to ray, III
!saao. @ worry groat appreciation took pluce in
tho value OF real estsse, md OF aeveral
largo tracts till then LYING wild and
nnoecupledn. Il bordering upon t1a parke and bon'o-
opened 1oai estate account in tho books Of tho
coparlnersh,p N Ghieag9, ana, under t1e man
asouient principally OF Henry Grceuobautn, who
had aolo personal charge OF th.s branch Of tho
business. ana VINO purchased on account Of the
eopartnsrship seTera larsa and valuable trac:s
Of land, "lnoH'ly 10 tho western parts aud
suburbs Of chicago
Among taese tfaesa va. ono q ~ acres or land
lying IN seo' !, w, u, b2ught tu
tsGy Icy ooo Or isio o. Alexander W1:te' for
olsadea ano aold IN 10Th TO the humboldt Fart AS
8oclat1on Tor tha sum OF $l8u.o91 paid IN cash
and the securities OF the Association, tho firm OF
Henry droenebaum realizing on the srAnaactiou
peculiar fseliitIes 1or carrying forward speoula.
tions OF thls slpd, II is not astonishing To fnd
tlat snothel usct ol W acres IN tae vicinity OF
the previous ono wsa shortly afterwards pur-
chased and PAID tot with tho funds OF tlu CO.
partnership, and entered On tue rehl eRthts &C.
count, md subsequently sold to tue humboldt
lark AAaoe!ation at = profit OF $780, ,0oo.
BONE RIVERSIDE 1ors
yaaced $Go, 200 to the RiVsrside improvement
Company, ou the security Of their bonds, aecured
BY mortgage Or truat-deed on livetsido lots,
which ~efo 9iterNaTts foEselosed, and tho lands
are nav, hsld by @; II. Ward il trust for tho
firm, and sie worth about $75, 900. In tho yoar
1909. Henry dreonebaum purchased the lots on
Fifth avenus Where their banking -houaa st prea-
ens atanda. Which thoy erected In 1872 At
cost Of e125, o00, takon from the moneys OF the
cops1tnership. The building has rental value
Of a25. 600 per annum, nud Is estimated "a
worth. S20. 900. and Ia ono Of the lueat
norsela Of tho roI estate owned by tho
copartnershap. the total value Of which
l. estimated by 1saao Grseuebnum 1t $500, 900.
Tho business tact aud energy wh,ch the ttIoe
partners brought into their business r&apod
rapid and rich reward, "a, on Jan. !, 1872, tho
cspital OF the copartnosahtp WAS at leaAt $780,
600. In January, 1871, Harry GroonsbRun or
9Apizsd
TIE GERMAN NATIONAL pANK
Of Chicago, with capital stock Of $3.50, 900, Of
which lie aud David subscribed $4,000 zach,
which WAS paid ont OF ths Joint funds aud
moneys Of the copartneTship, aud not auterea to
tho individual aeoouut Vt elthor OF them, though
theJ have received personally several tlivi-
dauds ou tho amount OF stock they subscribed
On organizing the German National Bank
Henry dreepebAum tsanslcsred To it the ord.nary
banking busfness Of the corartnersbip, Henry
acting a. President and IeAAc 40 Vice e-fresidenk