, 1881-09-04
SOUTH OF CHICAGO.

SATISFACTORY 'IlOGlst-Ss 4AAo ltfsf--N 9A<OA+ |
DURING THE PAST WEEK |
in the development Of the enterprises in the |
vicinity of South Chicago, news of |
which was first given to the public by THE
TRIBUNE of last Sunday. The titles
to Mr.. Jacob Forsyti's tract lave
been examined and accepted by
the purchasers, and though the deeds
have not passed the sale is virtually closed.
The negotiations for the consolidation Of the
various belt line Notwithstanding the
Western Indiana-are under way. a'ld have
every prospect of being successful, as several
important acquisitions have been made tlur-
ing the week. Over twenty miles OF the right
Of way have been secured. Alessrs. Otis and
Nfeekcr have closed the arrangements III New
York for the reorganization OF the Caluanet
&, Chicago Canal & Dock Company, i'll
which the New York, St Louis q chicago
Railroad have taken Il heavy interest, allo
this valuable tract will soon be improved ana
marketed, Several millions OF brick have
beeu contracted for by the Chicago Il West
crn Indiana for their shops ut South Engle-
wood.
These are facts. Besides these, the air has
been full of .-.....
r,7,1o,., AND EXAGGERATED STATEMENTS,
Which have thrown iii air Of unreallty over
everything that belongs to South Chicago. y
great many people are evidently taking ao-
vantage Of the excitement that naturally fol,
lows the disclosures that have been NJ made ana
arc tryin., to create i - BOOM" Ihls VIII
rive them All opportunity to market properly
1T ]ligh figures that has long been Il burden
| to them. 4 few specimens OF the selisational
r9rs ct ,ha inc Meex Xl is sSW getng % 70 be-
One was tllat tie llarbor Of East Chicago
Vas ; 10 he made. 1T the mouth Of the Grand
| Calumet, more than twelve miles away
Another thai the Kline tract OF 2,olo 'crGs e.,
| east 0f Mr.. Forsytll;s land, had been sold Tor
tic prcp.,stcrous sttia Of S60o,o0. Anothef
| fiat the Wagner Palace Car Company. were
| about t., establish themselves H. Pullman
in the vicinity of Wolf Lake. a lar spec1-
| men of the
| 1.oosESEss OF THESE 1,CMols-HREEDE1ss
was the statement that the North Chicago
| Railing Mills were about to add coo to
their plant mt South Chicago for tile erection
Of new mills that would turn out 3,ooe tons
steel rails wee sI t@r ia as been !11's dqeaed n
nf. Tile company arc deyotlllg all their ell,
er.ies to finishing their present works, aid
! iIayq formed no plans beyond. Besides these
specific ....-..-
CASES OF CRAZY EXAGGERAT1oS,
the proposed new docks and other works at
Wnif Lake have been talked up and written
| mn il, i strain Of unreality that has thrown
iiscredit on even tile legitimate part of the
| schemes. One who ulu NOT kno" HOW ~
| DISCOUNT such nonsense would suppose all
the millionaires i'll New York had deter
mined to invest all their money in the
vicinity of Wolf Lake, that the Stock I ards
and p1cking-hous were to he at once r.
moved tllitller, and that every lumbcr-yartl IN
(,hicawo and every manufacturing estab-
lishment in tho United States was bidding
fora site III the new place.
President Potter. Of the Railroads Belt
Line Company, stated to Il TRIBUNE reporter
during the week that that company
WOULD NOT CONSOLIDATE
with the Weston Company. 4 meeting or
The Executive Committee was held 1T which
lie following route was adopted for the Rail-
roads Belt-Linc: It will begin on the Nortll
Side near Kavcnswond. where it connects
with the Milwaukee, Division Of the Chicago
i Northwestern. 1t crosses the Milwaukee
.NSt. Paul near Montrose, and the NortlweSt-
ern's Iowa Division near the car-shops Inc
Chicago, Burlington j. Quincy will oe crossed
| little east of Hawthorne; the Chicago =
Alton near Brighton: the Pali,liandle neal
Snuth Lynn: the Wabash, Rnck Island,
Western Indiana, and Grand Trunk near ear
Anburn Station; the Illinois Central md
Michigan Central one mile southwest o.
| Grand Crossing; The Lake Shore and fori