, 1881-07-17
THE BOARD OF TRADE.
How the Enemies of the Re-
nova1 Were Outhanked,
Tie Scott Property in the Hands Of the
Friends OF tile New Building.
The Men Who Control It and How They
Got It,

Areporter called Yesterday upon Mr.. John f
Bensley, Chairman Of the Board OF Trade Com
nlittee appointed to procure new site, for th
purpose of getting some further information a
to the progress made in reference to building o.
the La Salle street ground. As tho following
conversation shows, he was successful in hi
mission:
swell, Mr. Benslcy," said tho reporter, nov
Is the matter of tho removal Of the Board o
| Trade provrcssnG?"
| ut is making reasonable progress. We thinl
| WE EEG1N TO SEE DAYLIGHT NOW"
"Has the Building Association been formed
yet that is to erect the building7"
| mo, but committee Of five, with President
Rogers at its head, has been raised to form such
| nu Association"
"When do you expect ground will be broken
IN the new enterprise?"
"As soon US possible, for we want the founda-
| tions in this fall
II notice there is IN injunction out against
the city forbiddinx 1t TO close the street?"
Yes; but no one but the city was en5oined,
us understand It,"
$50 this Injunction will not interfere with the
Board Of Trade In their building matter?"
"When viii Mr. Scott commence bis build
':Mr. Scott does not own any of the property
:"Wcll, then, the Tracy estate?"
!" What do SOU mean?"
~ suppose nny lis well tell you
=. THE WHOLE STORY.
For come months it has been evident to me
that some parties here were trying to defeat the
removal Ut tho Board OF Trade by purchasing
the Whole property Of Mr. Scott. and. by not
pressing the passage Ut the ordinance Of vac,l-
ton in tho Council defeat the contrae1 with the
Board OF Trade that sale to the Board being cotl-
tingent upon tile vacation Of LII Snlle street.
Mr.. Scott WIS sincerely desirous Of carrying out
in gt,od faith his agreement with tho Hourd, and
made carncst efforts to procure the passage Of
the ordinance. but he was nonresident. and Il
part OF the press was against the vacation. and
the bourbon property -oHlcrs wtre throwing all
possible obstacles in tho way, so thnt taking all
in ali. Mr. Scott made up his mind that it was
not Of much use for him to try to get the street
vacated He wanted to dispose OF his property,
and very naturally wanted to get as much
pnrtcs r here hostile to % the removal '' got up %
pool and made Scott good Offer for the entire
property. The majority Of our Committee had
talticd promise from Mr. Scott thai If he came
to the conclusion that he must Kell, that he
would not sell to parties hostile to the removal
the friends of the removal in the matter OF pur~
into friendly hands. Finally received letter
Chicago for tho property. und wanted to sell.
and naming price thar could have it at, to-
Rethor with the subscriptions: all subject to bis
contract with the Board of Trade. There was
but one way to do, and that was tn get hold Of
some Of tho right kind uf men and get them to
come to the front and take the properly. It was
not long until found -.
THE MEN THAT THE OCCASION REQUIRED.
S. 4. Kent and P. u. Armour are men who be-
lieye tn Chicago, and who believe also in the |
Board Of Trade. They aEe In every sense broad
gauge and believe that III association with !, $50 |
members, and is doing more busincss than any |
other commercial Organization i1F the lund, |
should no longer be compelled to swelter and |
smother in IN attic, packed like sardincs In
box, five hours every day. constantly in teopar-
jy Of life or limb by being transported in m |
elevator that takes forty at trip, all because
few rnIseriy property-Owner3 In the immediate |
vicinity Of the present location have an uude- |
lined fear thai they will not much longer be able !
10 make the blood come every time they rent |
IN office.
III laid the whole matter before them. and asked |
hem to Join me in purchasing the whole prop /
racated and so keep the property in the hands |
IT the friends Of the removal. In a very short
ace they agreed to do 80, and at once telc-