, 1880-12-05

The Subject Before tho Judiciary Conn
1nlttee.
The proposition 10 sell tho Lake Front to the
Illinois Central Railroad Company was before
the Judiciary Committee yesterday, but no
action was takcn-
MIR. Aver appeared for tho Company. and re-
viewed the history of the negotiations which
had been going on looking to the safc, end read
letter from the Mayor OF date June Il, calling
attention to the action Of the Council Of N:trc:1
g. The Company had replied, Offering the city
$s00.c10 for the property II satisfactory title
could be given. The next step, he said,
had been conference. when it was de-
ternined, If possible, to get release
from propcrty-holders in tho vicinity,
which 1t was subsequently understood
would cost about {75,o00, which the city was to
puy. Some $45,No Of this amount he regarded
rs Legitimate, and pupers had been drawn uc-
knuwleuEtng It. bur the dispute yet rc1nlined
unsettled with one of the prupcrty~h holders For
the sstn.o0o tho Company had only expected to
gain d title to the three blocks north of Monroe
Street, and tho question Of title to submerged
lands had not been bruached until the Gny he
fore Thanksgiving, and when it was the whole
was that the city be paid $1U0,U0U, and that it
should get the releases from individuals and,
furthermore, TINT it should protect tho Company
TO the extent Of one-third Of the purchase money
against any vested rights Of the State any of tho
property. The final proposition Of tho Compa-
ny, however, WaE 70 I8kG INC property on tho
terms Of the ordinance presented by ii, leaving
the question OF the submerged lands and any
vested rights therein to rcnlHin as they were. 10
have agreed TO the Mayors proposition about
the submerged lands would have been to sur
render any rights the Company might have to
about forty acres Of land. which was entirely
unnecessary and prcposterous, especially since
they had never contemplated tho use ct any
lands east of the lAko shore, and, furthermore,
for tho reason that the city had no proprietary
interest in the land it proposed to sell aud what
ever It got from tho sale would be 80 much
gained
The President OF the road, Mr.. Ackermau. fol-
lowed IN brief statement, urging the necessity
OF the Council acting ut once. II 1t did not he
said, the releases might be withdrawn. and the
Company would have to nuke other arrange
Eents for the erection Of a passenger station.
Thomas HoyDe claimed that the Company had
no right or title ts the submerged lands, and
that THE proptrty-oWners were III earnest and
wanted to see The contemplated Improvement
that it would he to their interest tu hnvc the
depot, and as to the question OF submerged
lands only asked the Company to waive their
supposed rights south OF Monroe street
amendment to the ordinance. which w,ls read:
The city TO Qutt-clAim nll rights ana title it
may have 10 tho three blocks. hy 1ncics and
bou1ds. and to use its best efforts to SECURE
necessary Legislation from Congress. the Knii-
r.'nd Company to pay TO tho city u net sun of
$.,3,oN ueavtn9 no contingent liability Tor tha
city ns to defending ttiet. nnd tn Quis-claim tn
the city ull right and title it may have to tho
submerged lands between tho north line OF
Monroe STREET md Fark row. Monroe street to
bc opened IN tho waters edge
Aid culertnn said he had not read the orrli-
nance. wbcreupou it was rend to him, with and
without the amendments
AID. slnyth was not satisfied to make any re-
port until he had had time tu study the ordt-
The Committee then adjourned until o clock
tomorrow.