, 1877-02-27

Will It Be Profitable to Locate The
Public Library There7
What Some Of tho Gentlemen Concerned
Think Of the Matter.


----- -. ...
Considerable interest Il felt in tho disposition
Of tho project now on foot 10 arrange for tho
Tna"t,e tor @n ,na' fn a'tn .,, ~ III n.nsw n,
ahcat1o ior tho' Chscaeo fub''e Library anu
board OF Education. It Is known, OF course,
that Tho arrangement which lie Federal Coy
i'm iaitsr nj ro.so,ston - a.. ,,a,,,a...
49, ~ go: ..'.N.s to" ~ t"o !'"pe1ts.
WV. e"se9eu 'a1o WIN .no undefa1anding that
the sltc was ultimately to ba usotl Tor tic Pub
Theatre holds possession Of tho bulltltnr rns
,1ro.rn ...,h c1nnss ,.I,ich nrortJo. t,'a. .
a"1 ~, -. "1a saas1 "ns1 psosiuc9 sI'at' a. the
.he ehe ~ s".ee yeass' .ne noa. o. eaton M Or
", It shall at once be rellnquishcd.
irhe .auhlrrt of rc.n,nlnc r,o.scs.,,y, ~ ~.
nroncr.v for tbc nm n tho noaIr,. h.. ,atn,r
op'.s5 .s. ~ NV usu " t'.o .,oasus m .as 1a.e's
oec1' ntousht INTO prominence nS tho recoin-
snendation OF tho Finance Committee Of tho
Council that tho building be devoted to The nan
cd, and tno opinions ~ ~ to P tho Wisdom Of tic
course vary somewhat according rs the people
think II would. Or would not be really cconont-
rat, Tint. of coursc, is the first ot,callou.
~''' A'' ~ ~, r,,r =, r,o1;nrs @ '' 4@''''''
t3 1m ""e.s a"J cs'lna'e 'ust W oasea arc theso:
Tho i'ublic Library now pays $3.50 per year
rent, md has n pretty comfortable amount nj
sl,ayu, though lainpercd by being in 4 eootl
unity stairs. Their lease rlins fpF about three
years more. The boar1 Of Education phys s., ,O00
per, year, and has plenty Of room-ail It
GOULD asis, with one exception. lis lease ex-
pres ytar from t'!e 1st of tho coming May,
doubt hare to uloyc because It docs not my tts
rcMt. It ls, In fact, Ill admirable Invention to
collect taxes out ot the owner OF the building, a
gentleman who does not puy tl,ose 1oyies unless
Lastly. the Receiver Of tho AlclpLi-Thcatro
property pays tho scllool-FnMd &DO0 a month, Ut
S7,AU n ycur,--asla plYs It. too, with consider
.able pronptltutlc. Tie lease usder which tho
alter the coming Octobcr ehe lcssces sha1f pay
I'll, ,W0 rear. provided the Boarl vi Educatioi,
docs not tcrnltnts. tho lease. Another thing
tIlut moderate estimate Axcs The cost of nut
ting In floors and otherwise lifting Up tue build.
lug for its new uso at not ]esa than eG0, ,000,-n
sum which represents about ss,ooo Q year Of i,i-
eof9s: H. co.o sto,as then. Tim nos,, =, r,,,o,
tfon would lose 8, ,2U rent aud 5000 Interest
on money put Into tlxtures or s19,:sOO in ali, II
would W M sayu Tug s3,0o whtcll It pays cn1 tic
in ali. Thus, On the face Of liz rct,lrns, tho
arllcmc would be losing ono by 3J.1D1 II.
however, nothing bo said about fhe @ intsrcst a' OIL
Tho coat Of lifting up, tho disadvantage would
BE- only s1,;u per year. :. But 1t should be con
BItlc.cd that the lease calls for sll,0N pcr year
after next Octobrr. II that wero pald Tic uat
1oss would be s., 5vD, saying nothing about tlu
cost oE Hitting up tho building, or siO5OU il that
be included. IA thp uboys figures no ne.
count has been mule Of any rent
which the Public Library might pay to tic
uonsd uf Edueltlon. That would Lc nothing
moro than harmless housekeeping where The Cty
0f Chfcngo was OH both sides vi tho account.
There is, however, =
ANOTHER WAY or E6oKtS1 At TIE MATTER
wlllcl. seems to aye or,g[tatcl With Ali. Pnat.
sons. This IL, In short, that tic building n,f1.l.
bu lifted up 80 as to glya al, or ncarly ali, tIc
gruilnd floor to stores and tho basement to aucll