Clipped From The Inter Ocean

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 - Eaters late Baaiaese. - At that time Lake...
Eaters late Baaiaese. - At that time Lake street was Chicago's principal ttoroughlsre, and there, upon his arrival. Mr. Palmer opened a large retail dry goods store. Investing his entire capital. He began at first on a moderate scale. Hia trade rapidly and steadily Increased, until within" thirteen yeara tha name of Potter Palmer became familiar In -every -every trading conin-unity conin-unity conin-unity la the West, and his store the leading retail dry "roods store cf Chicago. Enlarging his facilities to meet the demand of his increasing trade, he added to hia baaiaesa a wholesale department, which rap-Idly rap-Idly rap-Idly grew to great magnitude. - Mr. Palmer had a true appreciation of ths commercial facilities of Chicago, and did not hesitate to Incur the risk demanded. The rise ia goods soon after the war found blm with a fall stock on hand. Here, again, his far-seeing far-seeing far-seeing Judgment enabled him to take at the ebb the tide that led to greater fortune, fortune, and from the 'beginning of the war he continued: to carry an Immense amount of goods, both here and in New York. The house thus directed by his practical administrative administrative ability. and keen mercantile insight insight became the largest of Its kind ia the Northwest. Health Breaks Dtm. Although encouraged by such brim art auccesa. close application to business had caused Mr. Palmer's health ta fall. Having acquired a large fortune, be desired to retire retire altogether from the business world, and in ISfia he sold to Field at Letter, young, ambitious men. who were Just beginning their career. As they had not the necessary capital to purchase and conduct the business. business. Mr. Palmer for two or three years left some of bis owa money with the firm. ' It waa .then styled. Field. Palmer Letter-although Letter-although Letter-although Mr. Palmer had left Chicago aad was traveling in Europe, and bad nothing whatever to do with the management of the firm. It later became Field A Leiter. During the civil war Mr. Palmer was practical practical in his loyalty. - He rendered himself specially serviceable to the government by loaning large rami of money. He was a promineent contributor, to the board of trade regiments organised by the city to go to the front. At the end of the. war the gov. eminent was. in his debb to the extent of over three-quarters three-quarters three-quarters of a million' of dollars. Mi-. Mi-. Mi-. Palmer, at this time, gave up Chicago' as a place of residence and went to New York, although be returned to Chicago fret-neatly fret-neatly fret-neatly In. order to invest" hia 'Capitals ' He looked carefully overajphicago for auita&lo invest tnents. his preference being for real estate. An intelligent surrey of the situation con- con- of the retail trade, was not the natural aad convenient channel for business, nor was it weir located with reference ta transportation, transportation, facilities. . Mr., Palmer foresaw that State street, which crossed It at richt ancles. mast -become -become the. natural avemie of retail buUneaa. and he accordingly bought -extent-siveiy -extent-siveiy -extent-siveiy -extent-siveiy on that street, which was then narrow. Irregular, aad built op with small and shabby wooden structures, used for saloons, board' lag-bousee, lag-bousee, lag-bousee, and third-rate third-rate third-rate shops. .,

Clipped from
  1. The Inter Ocean,
  2. 05 May 1902, Mon,
  3. Page 2

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