, 1881-05-08
BOARD OF TRADE.
Friends Of Its Removal Regard
the Project as IAN AS
sured One.
Its New Home Will Add Millions to the
Taxable Wealth Of the City,
And Also Open Up Adams Street to In
tramural Traffic.

Tomorrow night tho ordinance providing for
tho vacation Of that part Of La Salle street be-
tween Juckson and Van Huron comes up before
the Council for consideration. There appears
to be little doubt TINT It will receive the neces-
sary vote, and that this great public improve
ment, tho necessity of which has often been
pointed out by TIE TRIBUNE, may be carried
out. One OF tho objections made by the few
persons who have been opposing this improve
men Is thar 1t will cause reduction Of values
In the ncighborhool of tho present Court
House, which will also be 4 loss to the city ut
large, Inassn1ch as the amount Of revenue de-
rived from taxation will be reduced Assuming
that this were true, which 1t Is not. however, it
would be more than offset by the gain which
the city would derive froui the increased value
of property further south on la Sullc street.
The construction Ut a Board of Trade building
on tho proposed site at II cost Of S1,0NO00 would
DO rapidly followed by the building up OF
all the st1rfoundtng property in a >,';ans ns
for the thousands Of persons whose business is
directly connected with Board Of Trade opera
onI ana @9e5 m s. oc 6o et Would s91
$4,000 yearly in taxes from this Improved prop
erty, aud it is absurd to say that the value OF
deteriorate. it Is understood that a customer
stands ready to take the present Chamber OF
Commerce Building us soou
AS IT IS VACATED
by the Donrd of Trade. The Western Union ts
not suited with its present facilities: IT
would be delighted if it could get hold Of the
present Board Of Trade chamber,-a splendid
room, which would furnish admirable accomno-
dattons for its corps Of operators. Besides, the
erection of this proposed magnificent building
Ut the soutk end OF LIN SaIlc street would not
end, but would make ti,ut thoroughfare from
Randolph to jackson the Wall street OF the
West 1t would lix for the next century or two
the centre snnl Headquarters of one or two
special branches OF business In this city.
The Ilourd Of Trade-an institution with 1900
members, which handles Ill tho products of the
NortAwcst-bas voted five to one to leave its
present contracted quarters, which are needed
for other purposes, and move further SOUTH
whtre better accommodations can be obtained.
and where there is ample room for tho ot'iclng
OF I'LL those whose business relations bring them
In cOntIct vita it. 1t IL not believed that enough
persons can bo found in the Council to thwart
this t.sire OF the great commercial body OF tho
Northwest, especially when Its carrying out IS
productive OF SO many benefits to the public ut
large. ..
the Custom-House. tho Pacitic Hotel, and Lake
Shore s. Rock isana depot VIII vi term I'm m aaal-
try. Its influence will radiate in all directions.
increasing tho value Of property for blocks ]
city Of 5oo0Gy is practically the little strip north
Of Monroe md south Of the river. The incon-
vcn!cuco OF this is seen by everybody between
dolph md Mudison street cars are utter
ly unabte-would he under any circumstances
to carry the mass OF people who have been
coopcd up all day long In the business centre or
Chicago. The relief is to come not from elc-
ynted railways or similar devices. but by an ex-
panson Of the business CENTRE which will bring
win it I'm
EXPANSION OF STREET-CAR FACILITIES.
It will not be long before Adams street will be
as mitch Of Il thoroughfare us some Of the
streets to the north of it.. The pressure now
brought upon the Randolph and Madison street.
car lines will be relieved and taken oil; lines of
ears or buses will ply upon that street and also
upon Harrison: md In that way people will get
accommodations WHICH are now denied them.