, 1881-02-06
Sale OF the Hale Building on
(. Stale Street.
The Highest Price Ever Paid for
Chicago Real Estate.
Heavy Purchases for a Great In
proyement at South Chicago.
Solid and Unmistakable Appreciation Of
Chicago Real Estate.
Corner Of Van Bnren and State Sold
:. Again-0ther Important
transactions.

|
-, Again-0ther Important
| Transactions.
| An enterprise of more than common i'm
portance to Chicago and South Chicago Is
connected with the extensive sale OF land:
in the
/ EorRE DAME ADDITION
| on the Calumet River. The purchases covel
nearly 200 acres on the banks Of the Calumet
Under the direction of the able men who nre
| interested in the Chicago Il Western In0i
I aua and the Chicago d Eastern Illinois. this
tract is to be nude the site Of extensive lunl
ber~ynfds and manufacturing establishments
with facilities for
WATER AND RAILROAD TRANSPORTATION
! never before offered. The full and accurate
particulars Of the purchase Of the lands and
of the plan for their Improvement are now
! made known to the public for the first time,
| Gen. J. T. florence has sold for the Notre
| Dame Institute to President J. 3. Brown, OF
| the Chicago T. Western Indiana Raifroad,
/ and. Mr. F.'W. Heidekoper, President Of the
! Chicago & Eastern Illinois Railroad, Blocks
g 49, e. 40 Is, 49, g n, n IS, 49, 3d. Al, 49, d. 4G, Il,
| 81, and s., and part Of Block 3; Blocks 81, 42,
and Al The price paid ranged from $500 to
900 on acre, and amounted to consider
ably more than Sl00, QUO, which was paid over
IN cash. The sale covers about 100 acres,
lying Oh both sides Of the Calumet River and
BETWEEN ONE HUNDRED AND ONE HUN
DRIED AND SIXTH STREETS.
Gen. Terrence has also purchased for him
self twenty-nine and fraction acres in the
Notre Dame Addition, bemg Blocks /, TO-
and 81 Oh the east side Of the Calumet River
He has also bought from the Rev. E. Sorin,
Of the Notre Dame Institute, his undivided
interest in the north u Of Sec. { In James T.
Bowen's Addition to South Chicago. This
interest is understood to be more than half
of Bowers Addition, the whole OF which in
c}udes about 160 acres.
All this ground will be at once prepared
LuMBER-YARDs AND MANUFACTURING SITES
Slips will be dug on both sides Of the river,
OH which the. largest vessels that float the
lakes can be loaded and unloaded. There
will be about twenty OF these Slips and each
of them will have a track directly connected
with the Chicago g. Western Indiana laid on
each side Of It. The Western Indiana now
runs to South Chicago, to the new North
Chicago Mills now III erection there, to the
Brown Mills, and along the entire river
front for couple OF miles. Its tracks nre to
run on
BOTH SIDES OF THE RIVER
in the new tract just purchased of the Notre
Dame Institute, with branches OIL both sides
Of each slip, as described. AS the Western
Indiana furnishes track accommodations
merely, 1t has no competitive business of its
own to interfere with the traffic Of other
roads. It's connections are such TINT lumber
1teiry tic
slips will be able to receive and ship their
stuff with unparalleled dispatch. The
crowded condition Of our river and
Of the dockage In the city
call imperatively for an enlargement Of facl-
tiles for the business Of Chicago. Attention
is therefore naturally drawn at this tune
both to the North Branch and the Calumet
River. To reach the Twenty-second street
district there is a long and tedious tow
through the river, with limited facilities at
the docks, want Of room, costly outlay Of
time and money to get
CARS IN AND OUT,
rising rents for dockage, and high rates Of
insurance. Private meetings of leading
lulnber1nen have recently been held to con-
sider how to relieve their business from these
disabilities. In the new district at South
Chicago access can he gained ut once to the
slips from the lake; ample dockage will be
provided. Each yard is to have
FIVE ACRES, AND MORE
If It is wanted. Rail connections will be per-
feet, as it is intended that every road enter
ing Chicago shall be connected with the
tracks that run to the slips. The Western
Indiana holds an open door to all the roads
the lnmberman to ship his lumber southwest
Or elsewhere without any extra charge for