OCR Interpretation

The day book. (Chicago, Ill.) 1911-1917, September 03, 1915, LAST EDITION, Image 8

Image and text provided by University of Illinois at Urbana-Champaign Library, Urbana, IL

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1915-09-03/ed-1/seq-8/

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c - 'VOSA?
. Chicago schools will 1 ,e $61,530.39
a year and $615,303.90 the next ten
years if business interests fighting
the Teachers' Federation win out in
the court action to" be. started next
tnonth by Angus Roy Shannon, at
torney for the board of education.
On May 3, 1915, Shannon stated to
the school board that "a legal fraud"
was being worked on the board in
connection with leases on downtown
land owned by the school system.
When Shannon asked the board to
let him go ahead and attack the
"legal fraud" in appraisals of land
made by Bertram Winston, Simon W.
Straus and Jesse Holdom (now Judge
Holdom), Shannon was delayed by
Jacob M. Loeb, William Rothman and
John W. Eckbart
These board members are the ones
who led the fight to destroy the
Teachers' Federation. Loeb did not
openly come out against Shannon's,
plan for a court action.
Loeb argued it would be useless to
make a court contest and tried to get
the school board to lay quiet and let
the land grabbers put it over. This
is the statement Shannon made to
the school board May 3:
"It is my opinion that they (the
appraisers) not only made a mistake
in law and fact, but also that in the
reduction of $61,530.39 per year and
$615,303.90 for the term of ten years
which their actions accomplish in the
rentals of the board of education
from these school fund lands, they
have worked a legal fraud against the
public school system, violated their
oath and assumed to change the
terms of the contracts of lease so as
to constitute themselves arbitrators
instead of appraisers."
Shannon went on to say that Hol
dom, Straus and Winston "sought to
establish what they think is an equi
table rental for the ten years, based
upon conditions at which they con
jecture, since none of the lessees, ex
cepting in one instance, furnish them
I any data in reference to income and
On the northeast corner of Mon
roe and Dearborn streets are lots
owned by the people of Chicago
through their school system. These
lots, according to the "legal fraud"
appraisal, are not worth any more to
day than they were ten years ago.
Over all Chicago prices of land have
gone up. Here, though, is a corner
where the prices stand still. On this
Shannon made a note in his opinion
to the school board:
"It is interesting in reference to
these two 48x120 tracts of land on
Dearborn street, abutting the alley,
that in 1910 Appraiser Bertram M.
Winston testified in the circuit court
that they were each of the value of
$85 per square foot on May 8, 1905,"
and $85 a foot is the price now put
on it in the "legal fraud" appraisal!
Bertram Winston is a brother of
the Winston (now deceased), who
was in the firm of Winston, Payne,
Strawn & Shaw, the best-known and
highest-priced railroad and beef trust
lawyers in Chicago.
Francis Peabody, a director of the
Consumers' Coal Co., a concern long
fought by the Teacehrs' Federation
as a tax dodgers, and sometimes
called "the coal and ice trust," Is
reaching for lots 18 and 19 in block
142 as lessee. Peabody plays the
game of politics with Fred Upham
and Roy O. West
o o
Bridgeport, Conn., Sept. 3. Dur
ing last two weeks strikes have been
successful for 7,800 girls and women.
Warner Brothers Co., Crown Corset
Co., George C. Batcheller Co., La Re
sists Corset Co., Bryant Electric Co.,
and Bias Narrow Fabric Co. have all
conceded everything girls asked.
Canfield Rubber Co.'s employes
still out Threatened walkout of
bayonet workers at Remington Arms
and Ammunition Co. may be averted
by mediation.

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