, 1881-07-17

slowly but surely. About all that has beel
done Is to ask the attorneys for an opinion a
to the legality Of an organization made III
of members of the Board w1use object Is tt
put up a building for the ACCOMMODATION O.
the whole budy. When the answer is te
ceived IA favorable: one Is expected), step!
will be taken toward the end In view, and {
corporation will he gotten up with all the
| celerlty possible, SO that there may bt
! np delay in the building, operations
The; e;matter is In the hands Of committee of
/ i've, with President Rogers at its head, ant
the opinion Ut the attorneys will probably bt
Forthcoming at the next meeting OF thu
| Board Of Trade Directors, which will be
| held Tuesday afternoon. It Is altogether
likely that something decisive will BIZ done
| at that time.
I: AS will be seen in another part Of to-day's
erty no longer. Nor does it belong to the
theirs of the Tracy estate. It is now virtually
| In the hands OF P. u. Armour, S. A. Kent,
and John K. Bcnsley, who will carry out Mr..
letter. something which would not lave
been done had they not stepped into
the breach, and, by taking the contract otf
Mr. Scott's hands, spoiled the scheme Of n
few selfish proptrty-0wners tn tile vicinity
Of the present Chamber. Of Commerce, who
T had been trying to buy the property in order
tn prevent the proposed removal. Messrs.
Arinour. Kent, and kensley step into Mr..
Scotts place as the owners Ut the north half
Of the block bounded by Van Buren, jack
SON, and Sherman streets, anu Pacific avenue,
and will deed to the Board Of Trade, as slip
ulated in the Scott contract, the north half
OIL which the new Chamber Of Commerce is
to be erected. he necessary prelilninaries
short time, after which the proposed Build
Ing Association will advertise for plans, ST.
iect an architect, aud get down to the actual
work Of building.
The improvement In values about the site
OF the new building has already been very
marked. A corner lot near Jackson street
and Fifth avenue may be taken as sample
case. Less than year ago it was on the
rket for S50,0J0 With the hrSt stir created
BY the talk Of removal it advanced to $65,000,
then to Sb5, GOO, and then, on the morning
after the passage Of the ordinance vacating
La Sale street, to $4,000. 1t is said that
the property is about to be bought at that
figure, lest it go on advancing until it is way
out Of sight
THE REFORNf-SCHOOL PROPERTY.
The County Board at its meeting last Mon
day ratified the sale of the Refurm-School
property. and empowered the Chairman of
Board to sign the necessary contracts. The
Committee On Finance were instructed to
have the remaining two blocks Of the property
resubdtyided without deluy-an Indication,
by the way, Of purpose to accept THE
TRIBuSE's suggestion and sell the remainder
at an early day. In addition to the three lots
remaining unsold at the close of the last auc-
ton sale the bidders on six OF the lots have
failed to justify, leaving nlne lots yet to be
disposed of. The land to be sold at the next
sale includes the two blocks lying between
Clinton avenue on the north and Forty-ttird |
street on the south, the Illinois Central on
the east, and Kendall avenue on the west.
The object Of the resubdivision is to !
strnighten the lots which face Hyde |
Park avenue, and which seem to
have been originally subdivided with |
tile Idea of introducing as many crooks and |
turns and siatting sfioats as possible. When I
resubdivlaed, tnt property will be exceed
ng'y desirable for residence purposes, and |
The sale-for which no date has as yet been |
hxed~-is very apt to pan out quite as well !
Us, If not better than, the memorable one Of !,
I week ago Thursday, the astounding sue
:ess of which still continues to be matter
md people generally; In view of the fact
hat some of the bidders at the former sale,
however, Subsequently failed to justify, it
would be just as well, whenever the next
'ale comes off, for tile county's improyised
md highly successful auctloueer, Cotnn1s-
i0ner Purington, to require depnsit OF 10
'er cent on the spot, to the end that there
nay be no further siil-up.