Capitalists of the Calumet - a great future coming to South Chicago

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Capitalists of the Calumet - a great future coming to South Chicago - iVOL. XVI., NO. 205, i, CiPITiLISTS OF THE...
iVOL. XVI., NO. 205, i, CiPITiLISTS OF THE CALUMET. Land Speculators South of Chicago Hare , Ybdons ot a Coming "Future I, Great." Important Public Improvements to Bo Sacri ficed to Knrica the Member or a Syndicate. 1 Bold Attempt to' Capture the Peoria Con- Con- Tention Is Sipped in the - Bud. ' ' AN AMBITIOUS SUBURB. - A good deal of interest ia felt at tbia time by 1' as Chicago publio aa to who are the owner in Urge part of the South Chicago region and the; . Oalumet Valley and the projector of aU the . schemes down there, looking eTen to appropriating appropriating the outlet into Lake Michigan of the BIU noia Hirer improvement, which the late conven- conven- tion at Peoria so urgently pressed upon Con- Con- frees. It is all right in a suburb to hare am-'bition, am-'bition, am-'bition, but when it seeks to wag the metropolis the tail forgets its function. Of course no one - will question the commercial advantages which the possession of so much I water confer -upon. -upon. the Calumet region, denying its name : from the Calumet River and from its branches the Grand and Little Calumet and Calumet Lake, but it must not be forgotten that Chicago, herself has all of Lake Michigan, . THE GREAT ISLAND SEA, -' -' upon whose margin " the Calumet waters are only so many duck ponds. The Chicago River, too, floating all the commerce of the lake in unobstructed unobstructed flow to the Illinois and Michigan Canal, can have no controversy with the Calumet Calumet River, which still awaits the interposition of Cncle Sam to float vessels bigger than tubs over its sand bars. Chicago is too proud of all her suburbs to magnify unduly any possible . shortcomings, but now and then, aa in this instance, the unbounded pretension of real estate schemes compels a rebuke, in the interest not of a mere ' faction but of the grand unit Who are some of the chief owners - of the Calumet Valley They include the following, following, the majority of whom of course are not """.mixed up with the schemers just referred to. There ia the Calumet and Chicago Canal and Dock Company, which originally owned about all of South Chicago, and still owns nearly half its area together with broad acres on the west ide of the Calumet River and up the valley almost almost solidly to One Hundred aud Ninth street, barring a considerable river frontage which is owned by the South Chicago Dock Company and the Calumet Iron and Steel Company. Down . in section 25, again, the property of the Calumet Calumet and Chicago Canal and Dock Company again crops out, they owning 1,800 feet along the river and 4,000 feet at One Hundred ana Twenty-fourth Twenty-fourth Twenty-fourth street and reaching through to THF TOWS OF HEGEWISCH. Just north of the United States Rolling Stock Company's 10O acres and big manufactory of freight cars, eta Next south comes the town of Burnham, one-twelfth one-twelfth one-twelfth of which is owned, along with much other neighboring property, by Telford Telford Burnham, whose voice in aud abont the Peoria convention was lifted up so loudly in favor of home institutions, with Major Hand-bury, Hand-bury, Hand-bury, United States Civil Engineer, seconding him, although it is not known that the Major owns any real estate in the Calumet Valley or elsewhere. Mr. Burnham owns a portion portion of the car-shop car-shop car-shop subdivision of 40 acres, just north of Hegewisch with Charles , B Steele aa part owner. A very large property owner in the Calumet Valley i the the Hegewisch Hegewisch syndicate, W. H. Rand, President; C. D. Roys, Vice President, and J. H. Eachenburg. Besides 100 acres, in the town of Hegewisch proper, they own some 150 acres close at hand; also a large tract in section 25 near the point - where Lake Columet creeps sluggishly into Calumet River, unless the wind blows the cur-rent cur-rent cur-rent the other way. Also, the syndicate own " 160 acres on the Little Calumet River west of the extensive acres and ice houses owned by J. It Lombard. Toward the town of Hammond, too, just over the Indiana state line, the same Syndicate possesses several hundred acres. MB8. BICE ALSO OWNS . a large estate and T. E. Patterson wide acres. Further down in . the township of Thornton further acre tracts are owned by the Calumet and Chicago Canal and Dock Company, which ,owns altogether in the valley over 8,000 acres, a spur reaching down to Dalton. while the Hegewisch syndicate interests come np again in section 6, Thornton. As to new railroads in the valley a well-posted well-posted well-posted individual remarked yesterday? "I studied up on the new lines that are going or about to go or at least people say they are into Hvde Park Township and across the Calumet valley, and I naa symptoms ui uxtvuuig oi uia Drain, ana l ' quit, ana i aavise you to do ditto. I know that the - South Chicago and Southern Railroad has been riven right of way, and it is building south from that city to strike the Panhandle, going right through section 7, Thornton Also, I know that right of way has been aignedr by property hold-v hold-v hold-v era for two roads, one surface and one elevated. ' to run through sections 3. 2, and 1, 37, 14 .A (Hyde Park), right from Commercial avenue. -- -- South Chicago, westward to the north of Calu- Calu- - met .Lake, ana l don t Know now far bevond. And then, you know, they are going to run . - that canal west from Calnmet River, to Calumet Lake, starting west from the Calumet Iron and Steel Works. And then a deepening of the Little Calumet, which runs west past Blue Island, is taueaoi." ALSO IT IS KNOWN that surveys have jnst been made for a new belt j road, and wore on it commences at Hammond, to be known as the Chicago and Calumet Ter minal Railway, striking the lake at North Evans- Evans- ton, running south through Jefferson, Cicero, Lyons, Worth, Blue Island, Doltin, Hammond. . and the North Side of the Calumet River to lake, with branches to the Stock Yards and South Chicago. New railroads not mentioned in the above are surveying and securing the right of way through this region, among which may be mentioned the Chicago, East and West Railroad, which . is already incorporated.' Branches are rapidly being laid from the main tines to the different manufacturing points. to

Clipped from
  1. The Inter Ocean,
  2. 16 Oct 1887, Sun,
  3. Page 9

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  • Capitalists of the Calumet - a great future coming to South Chicago

    NancyM3292 – 25 Jun 2013

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