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The day book. (Chicago, Ill.) 1911-1917, April 18, 1916, 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/sn83045487/1916-04-18/ed-1/seq-8/

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pean war and who will not gain by
the 'military and naval preparedness
plans,' but on the contrary are suf
fering from a continual rise in prices
of the necessities of life and who are
therefor unable tdhire special trains
and pay for dinners that we con
demn this attempt by these self
styled 'patriots' of the Illinois Man
ufacturers ass'n to mislead congress
as to the true sentiment of the people
back home."
Bright young men who are willing
to work sometimes get the notion to
put up a building opposite Marshall
Field & Co. on State street and by
keen competition and wise manage
ment overthrow and crush Marshall
Field & Co. with a better-yet depart
ment store.
These bright young men, willing
to work, can find in the facts of this
story something to chew on and pon
der. It tells why most any other
place is a better place to start a de
partment store than just across the
street from Marshall Field & Co.
The land at 110-122 N. State st,
frontage of 91.5 feet, 100.3 feet deep,
was bought by the Marshall Field
estate yesterday for $1,100,000, or
$12,000 a front foot, or $120 a square
This same little piece of land sel
ling yesterday for' $1,100,000 was
bought by John Borden in 1880 for
$250,000. It's the same land now
that it was 36 years ago. Plain Illi
nois mud without any oil deposits or
gold veins in it Only more PEO
PLE pass it now, more CUSTOMERS.
The Field estate, besides this Bor
den property, owns the land where
the Methodist Book Co. was and
seyeral other parcels and slivers of
ground in this particular block. Any
store competing with the Field store
will have to cramp itself onto a tiny
sliver for fair.
Mary Borden Turner, England, and
her sister, Alice Borden, New York, 1
were the sellers of the property in
the deal yesterday. Their grand
father, John Borden, who made the
lucky buy of the land 36 years ago,
is still alive at 94 years of age. In
1905 he handed the land to his son,
William, for a birthday present. Wil
liam passed it on to his daughters.
The deal is one more cinching the
position of the Field estate as Chi- ffr)
cago's greatest landlord. The es
tate a few weeks ago bought the
Counselman property, La Salle St
and Jackson blvd., at over $900,000.
Last October it bought from the Bur
lington Ry. the office building, Frank
lin and Adams streets, for $2,000,
000. Real estate was pointed to by Mar
shall Field L in his will as the best
place to invest surplus profits.
More than one-sixth of the down
town square mile of Chicago is now
owned by the Field estate, according
to a real estate authority who has
kept a record of its holdings.
o o
Washington, April 18 Cables
were expected to carry today final
declaration to Germany of Amer
ica's views on submarine warfare, as
conceived and drafted by President
Wilson and Sec'y of State Lansing.
The document, of possible far
reaching consequences breaking of
relations, perhaps is complete. Ber
lin foreign office is expected to know
its message Thursday night or Fri
day morning. The American public
probably will read it Friday after
noon, simultaneous with publication
in Gennanv
Ambassador von Bernstorff will $j$
confer with Sec'y Lansing at 4 this
o o
Country Justice I find you not
guilty and fine you $1.
Defendant But er
Justice Now, shet up! If you'd
been guilty I'd fined you $10.

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