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L I B RAFLY 

OF THL 

UN IVERSITY 

or ILLl NOIS 

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C433K 
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iiumnsHismicttsaiiyn 



HISTORY 



OF THE 



BOARD OF TRADE 



OF THE 



CITY OF CHICAGO 



EDITED BY 

CHARLES H. TAYLOR 



7A^ THREE VOLUMES 

Illustrated 



VOLUME III 



CHICAGO 

ROBERT O. LAW COMPANY 

1917 , 



PRINTED AND BOUND BY 
ROBERT 0. LAW COMPANY 



-^^i in ft. 

A 3 



INDEX 

Personal sketches in this volume are arranged in alpha- 
betical order, thus making an index of them unnecessary. 
A list of those whose portraits appear is as follows : 

PORTRAITS 

PAGE 

Adams, Cyrus H 12 

Andrew, Edward 15 

Badenoch, John J 27 

Bailey, Edward W 28 

Baker, Alfred L 31 

Brennan, Bernard G 49 

Brennan, Patrick 50 

Brosseau, Zenophile P 54 

Brown, George D 57 

Chandler, Reuben G 68 

Conley, Morton L 74 

Crighton, James 80 

Cross, Albert E 83 

Day, Winfield S 91 

Delaney, Frank J 93 

Dickinson, Albert 96 

Dickinson, William loi 

Edwards, James A no 

Griffin, Joseph P 137 

Grier, Thomas A 139 

Hampe, William W 143 

Hancock, John L 144 

Hill, John Jr 154 

Hudson, William E 1 59 

Hulburd, Charles H 162 

Jackson, William S 172 

Keelin, Thomas W 176 

Kemper, Albert J 177 

Kempner, Adolph 178 

Kettles, Robert P 180 

KiDSTON, James 182 

5 



PORTRAITS 

PAGE 

Lake, William H 187 

Lamson, Lorenzo J 188 

LiCHTENBERGER, ChARLES, Jr I98 

Lichtenberger, Christian 199 

Linn, William R 200 

Logan, Frank G 202 

Maltby, Ernest V 211 

McDougall, Alexander 219 

Merrill, J. Charles F. 225 

Montelius, George D 229 

Mueller, Carl B 235 

Noyes, David A 244 

Pringle, Robert 262 

Rang, Henry, Jr 266 

Roberts, John 274 

Rogers, Henry W 277 

RosENBAUM, Joseph 279 

RuMSEY, Israel P 281 

Sager, Hiram N 287 

Simons, Joseph 296 

SOUTHWORTH, EzRA L 307 

Steever, Jerome G 309 

Stream, John J 312 

Stuart, Robert 313 

Sturtevant, Henry D 314 

Swift, Theodore W 315 

Taylor, Charles H 317 

Wagner, Emil W 325 

Ware, J. Herbert 328 

Warren, William S 330 

White, A. Stamford 335 

Wilkins, John H 339 



BIOGRAPHICAL 



Biographical 



Frank C. Abbey. — The vigorous and progressive little city of 
Monmouth, Warren county, Illinois, claims Mr. Abbey as one of 
its business men and as one of the influential exponents of the com- 
mission trade in grain, provisions, cotton and stocks in central Illi- 
nois, his membership in the Board of Trade of the City of Chicago 
dating from April 15, 1914. His initial experience in connection 
with the practical affairs of life was gained through the assistance 
which he early began to give in the work of his father's farm in 
Illinois, and he thus continued his active association with the funda- 
mental industry of agriculture until 1910, his educational advan- 
tages in the meanwhile having been those of the public schools. 
In that year he became active manager of the grain business of H. E. 
Whitler, and after retaining this position three years he became a 
representative of the well known Chicago grain firm of Lamson 
Brothers & Company. With this concern he remained until April, 
1916, when he established his present independent commission busi- 
ness at Monmouth, a city which has been his home since 1914. 
Mr. Abbey is a Republican in politics, is a loyal and progressive 
citizen, even as he is a wide-awake business man, and he is affiliated 
with the Knights of Pythias and the Tribe of Ben Hur. He has 
been retained as a correspondent for not only Lamson Brothers & 
Company, of Chicago, but also for Ware & Leland, another promi- 
nent Chicago commission concern, but he has severed his alliances 
in these connections. Mr. Abbey was born and reared in Illinois, 
the date of his nativity having been November 13, 1874. He is a 
son of Henry M. and Margaret (Clark) Abbey, his father having 
been a native of the state of New York and having become one of 
the successful farmers and honored and influential citizens of his 
county. His death occurred in July, 1912. 

Hugh Adams. — It is essentially within the province of this pub- 
lication to pay special tribute of deference and honor to those ster- 
ling men who figured as pioneer members of the Board of Trade 
of the City of Chicago and who otherwise played large and influ- 
ential parts in the intense drama of civic and material progress that 
brought about the development of the great metropolis of the West. 
The real prizes of existence continue to go, as they have always 
gone, to those who do their work conscientiously, who adjust them- 
selves wisely to conditions and events, who love in loyalty, who 
are true in personal stewardship and who live in wise and cheer- 
ful optimism. One of the honored pioneers of the Board of Trade 

9 



HISTORY OF THE BOARD OF TRADE 

was the late Hugh Adams, whose life was full and strong, who de- 
veloped a great soul and noble character and who gathered a host 
of real friends, besides which he achieved material success of en- 
during and worthy order and left a quiet but benignant impress 
upon the history of the city in which his interests and activities 
were long centered. A scion of one of the patrician old colonial 
families of America, he well upheld the prestige of the name which 
he bore, and in his long and useful life he poured true values into 
the crucible that tries the gold of humanity. Mr. Adams repre- 
sented a distinct and potent force in the development and upbuild- 
ing of the grain trade in Chicago, and may well be classified among 
the leaders in the initial movements that brought eventual pre- 
eminence to the city in connection with this all-important line of 
industrial enterprise that touches the very vital life of the nation, 
of all nations. The significance of the characteristic influence ex- 
erted by Hugh Adams in connection with the early operations of 
the Board of Trade is measurably indicated in the resolutions that 
were adopted by that body at the time of his death, which occurred 
on the 10th of March, 1880, and the context of these resolutions 
properly find perpetuation in this memoir: "Whereas, It has 
pleased the Divine Providence to remove suddenly from our 
midst, by death, Mr. Hugh Adams, for over twenty years a 
member and formerly a Director of the Board; therefore. Re- 
solved, That in the decease of Mr. Adams we recognize the loss 
of one of the oldest and most valued members of our Association, 
and one who, by his unswerving integrity as a merchant and by 
his genial disposition and pleasant demeanor, endeared his mem- 
ory to us in no ordinary measure." Hugh Adams was born in 
Rockbridge County, Virginia, on the 10th of February, 1820, and 
thus his death occurred exactly one month after he had celebrated 
the sixtieth anniversary of his birth. He was a son of James and 
Sarah Adams, and a grandson of John Adams, who was a son of 
John Adams St., the founder of the family in Rockbridge County, 
Virginia, where his stately old home, at Timber Ridge, was a 
center of the courtly and dignified hospitality that characterized 
the fine old Southern regime. The Virginia or Southern branch 
of the Adams family, as taken in contradistinction to the historic 
family of the same name in New England, found as its original 
American progenitor Robert Adams, whose ancestors were allied 
with the nobility of England and whose descendants took rank 
among the patrician first families of the historic Old Dominion, 
Virginia. The following quotation bears its own significance and 
authority. "This branch of the Adams family has produced many 
distinguished Americans, including statesmen, soldiers in three 
American wars, professional and business men." John Adams Jr., 
of Rockbridge Baths, son of John Adams, of Timber Ridge, first 
wedded Jane Hutcheson, who was of Scottish ancestry, and after 



OF THE CITY OF CHICAGO 11 

her death he married Margaret Mcllhenny. There were eight 
children by the first marriage, and their descendants are now scat- 
tered largely thpough the southern and western states. The eldest 
son, James, married Sarah McCroskey, and their fourth son was 
he to whom this memoir is dedicated. Hugh Adams was reared 
under the benign conditions of the ancient regime in historic old 
Virginia, and was afforded excellent educational advantages; the 
while he became thoroughly imbued with those sterling principles 
and fine social qualities that significantly marked the Virginia gen- 
tleman of the "old school." Though he never failed in his appre- 
ciation of the patriarchal attractions of the fine old commonwealth 
in which he was born and reared, the vigorous spirit of Mr. Adams 
led him to seek a wider field of endeavor, though he had become a 
prosperous merchant in Virginia. Germane to the sentiments and 
progressiveness which finally led to his establishing his residence 
in Chicago are the following statements from a previously pub- 
lished review of his career: "Hugh Adams came of that stock 
which produces pioneers, and in 1857 he sought a wider horizon 
by removing with his family to Chicago, which was then little more 
than a village. It took an optimistic spirit to have even obscure 
prescience of the magnificent future in store for the Illinois set- 
tlement at the foot of Lake Michigan, but Mr. Adams was a man 
who looked beneath the surface of things, and measured possibil- 
ities by other standards than those required for small undertak- 
ings. In 1859 he founded the grain commission house that has 
had a virtually continuous history to the present time and that 
is still operated by members of his family. He became one of the 
first members of the Chicago Board of Trade, with which he 
continued to be connected until his death." It may further be 
noted that in establishing himself in the grain commission trade, 
in 1859, as noted above, Mr. Adams became associated with his 
brother-in-law, the late Cyrus H. McCormick, who later attained 
to world-wide fame as one of America's great captains of industry, 
and founded the commission firm of Cyrus H. McCormick & Co. 
Later the firm name of McCormick, Adams & Co. was adopted, 
and at this juncture Mr. Adams' son, Cyrus H. became one of 
the interested principals. Still later this son became the head of 
the firm of Cyrus H. Adams & Co., which continued the busi- 
ness, in which his two younger brothers became associated, and 
from that time forward the enterprise was conducted under the 
title last noted until Cyrus H. Adams retired from active busi- 
ness, after having been thus concerned in the development of one 
of the strongest and most important grain houses of the western 
metropolis. There has been to this representative Chicago house 
a consecutive history and the extensive business, with far-reach- 
ing ramifications, is now conducted under the title of Edward S. 
Adams & Co., the executive head of the firm being a son of the 



12 HISTORY OF THE BOARD OF TRADE 

subject of this memoir and being accorded individual mention on 
other pages of this publication. Similar representation is given 
also to the older son, Cyrus H. Adams, who is now living vir- 
tually retired and who is still one of the loyal and public-spirited 
citizens of Chicago. The entire course of the life of Hugh Adams 
was guided and governed by the loftiest of principles, and he was 
honored by all who knew him. He was an earnest and conscien- 
tious member of the Presbyterian Church, and upon coming to 
Chicago he enrolled as a member of the old North Presbyterian 
Church, now known as the Fourth Presbyterian, with the services 
and support of which he continued his active and zealous associa- 
tion until the close of his life, his wife likewise having been a 
devoted member. On the 8th of May, 1845, was solemnized the 
marriage of Mr. Adams to Miss Amanda Johanna McCormick, a 
daughter of Robert McCormick, a prominent agriculturist and 
inventor of Rockbridge County, Virginia, and ancestor of the in- 
fluential McCormick family of Illinois, whose name has become 
famous in connection with the invention and manufacturing of 
harvesting machinery. Mrs. Adams survived her honored hus- 
band and was summoned to eternal rest in 1891, when about 
sixty-eight years of age. They became the parents of eight chil- 
dren, namely; Mary Caroline, Robert McCormick, Cyrus Hall, 
James William, Sarah Ella, Hugh Leander, Edward Shields, and 
Amanda Virginia. All of these children married and reared chil- 
dren and all are still living, in 1916, except Sarah Ella and Hugh 
Leander. As previously stated, Cyrus H. and Edward S. are 
individually represented in this publication. 

Cyrus H. Adams. — A resident of Chicago since his boyhood, 
Cyrus Hall Adams has well upheld the prestige of a family name 
that has been signally honored in the history of the city and has 
marked by distinctive personal achievement a place of his own in 
connection with economic, industrial, commercial and civic affairs 
in the fine metropolis that rears itself proudly and gallantly on 
the shores of Lake Michigan. His father, the late Hugh Adams, 
to whom a memoir is dedicated on other pages of this work, was 
one of the pioneer members of the Board of Trade and an influ- 
ential factor in connection with operations in the grain trade in 
Chicago. He whose name initiates this article became a member 
of the Chicago Board of Trade in 1870, and until his retirement 
from active business, in 1889, he was one of its most loyal, re- 
sourceful and influential representatives, besides having been at 
the head of the extensive grain commission business of which his 
father had been one of the founders. By reference to the review 
of the career of Hugh Adams, elsewhere in this work, adequate 
information may be gained concerning the family history and the 
earlier association of the family name with the affairs of the 
grain trade and Board of Trade in Chicago. Cyrus Hall Adams 







At^«-^ , 



AAy/ 




ft 



OF THE CITY OF CHICAGO 13 

takes justifiable pride in adverting to the historic Old Dominion 
State as the place of his nativity and also in being a scion of two 
distinguished lines of American ancestry — that represented in his 
patronymic and that designating the lineage of his mother, who 
was a member of the McCormick family, whose name has become 
known to the entire civilized world in connection with the inven- 
tion and manufacture of harvesting machinery. He was born at 
Kerr's Creek, Rockbridge County, Virginia, on the 21st of Feb- 
ruary, 1849, and is a son of Hugh and Amanda J. (McCormick) 
Adams. He was a lad of eight years at the time of the family 
removal to Chicago, in 1857, and in this city he attended the pub- 
lic schools until he became eligible for matriculation in the old 
Chicago University. After a course in this institution Mr. Adams 
became associated with the substantial grain business of the firm 
of Cyrus H. McCormick & Co., of which his father and maternal 
uncle were the constituent members. This initiation of his busi- 
ness career was in 1867, and in 1871 he was admitted to partnership 
in the firm, the title of which was thereupon changed to McCor- 
mick, Adams & Co. He developed great discretion and ability in 
connection with the operations of the firm and eventually became 
its executive head, when two of his younger brothers, Hugh Lean- 
der and Edward Shields Adams, were admitted to partnership. 
At this juncture in the history of this old and influential grain 
business the firm title of Cyrus H. Adams & Co. was adopted, and 
its titular head, Cyrus H. Adams, continued the incumbent of this 
position until his retirement from active business, in 1889. Con- 
cerning his association with the Board of Trade, the following per- 
tinent statements have been written : 

"Becoming enrolled on the roster of the Board of Trade in 
1870, Mr. Adams soon became one of its most forceful and influ- 
ential members. From 1871 until 1889 he was retained in consec- 
utive official service as a member of the Arbitration Committee, 
the Committee of Appeals and Board of Directors. In 1882 he 
was tendered the presidency of the Board, but impaired health 
compelled him to decline this honor. He was largely instrumental 
in formulating and putting into eflfective utilization the official 
'Rules and Regulations' of the Board, and to him belongs the 
greater measure of credit of devising and establishing its clearing 
house and delivery system, which almost revolutionized its poli- 
cies and methods and aided greatly in making Chicago a center 
for the grain and provision trade. With failing health, however, 
Mr. Adams realized that he must relax his hold upon active busi- 
ness affairs, and in 1889 he retired, although nothing will ever 
cause him to lose his interest in the vital matters of life or in the 
welfare of the city which has long represented his home." 

With naught of ostentation but with a fine sense of stewards- 
ship and appreciation, Mr. Adams has entered fully and loyally 



14 HISTORY OF THE BOARD OF TRADE 

into the civic life of Chicago and stood exponent of high ideals of 
citizenship. His influence has extended in many directions and 
in ever widening angle of beneficence. For years he has served as 
a trustee of the McCormick Theological Seminary and the Eliza- 
beth McCormick Memorial Fund, his interest in which is enhanced 
by family relationship, and equally zealous has been his service as 
a member of the governing board of the Art Institute of Chicago 
and that of the Presbyterian Hospital. He was for a protracted 
period a member of the directorate of the National Bank of Amer- 
ica, is a loyal supporter of the cause of the Democratic party, though 
never a seeker of public office, and both he and his wife are zealous 
members of the Presbyterian Church, their beautiful home being 
situated at 711 Rush street, Chicago, and being known for its 
gracious hospitality. Though he is practically retired from busi- 
ness, Mr. Adams finds ample demand upon his time and attention 
in the supervision of his private capitalistic investments and affairs 
and maintains an office at 208 South La Salle street. He formerly 
held membership in the Chicago Athletic Club, and his name is 
still enrolled as a valued member of the Union League, the On- 
wentsia and the Saddle & Cycle Clubs. September 26, 1878, re- 
corded the marriage of Mr. Adams to Miss Emma Josephine Blair, 
daughter of the late Lyman Blair, an honored and influential citizen 
of Chicago, and the only child of this union is Cyrus Hall Adams Jr. 
The son was graduated in Princeton University with the degree of 
Bachelor of Arts and later received from the law school of North- 
western University the degree of Bachelor of Laws. He is now 
engaged in the successful practice of his profession in Chicago and 
has secure vantage place as one of the representative younger 
members of the bar of his native city. 

Edward S. Adams. — To Edward Shields Adams has been given 
the privilege and distinction of maintaining effectively the prestige 
and influence of a name that has been prominently concerned with 
the activities of the Board of Trade since the early pioneer epoch 
in its history and to figure as head of the large and important grain 
commission business that was founded nearly sixty years ago by 
his father and his maternal uncle, Cyrus H. McCormick. To his 
honored father, the late Hugh Adams, an individual tribute is paid 
on other pages of this publication, and within these volumes ap- 
pears also a brief review of the career of his brother, Cyrus H. 
Adams, who was formerly an influential and active member of the 
Board of Trade, and by virtue of such records it is not incumbent 
in the present article to offer further data concerning the family 
history, as ready reference may be made to the two reviews men- 
tioned. Edward S. Adams senior partner of the grain commission 
firm of Edward S. Adams & Co., with offices at 208 South La Salle 
street, was born in Chicago, on the 12th of December, 1859, and is 
a son of Hugh and Amanda J. (McCormick) Adams. He availed 





■M 




^ 



OF THE CITY OF CHICAGO IS 

himself of the advantage of the public schools of his native city and 
then took a collegiate preparatory course in the English and class- 
ical school at West Newton, Massachusetts, after which he entered 
Cornell University, Ithaca, New York, in which he pursued a 
course in history and political science until 1880, when the death 
of his father caused him to return home. He did not resume his 
work at the university but identified himself with the extensive 
brokerage business of which has father had been one of the found- 
ers, under the title of Cyrus H. McCormick & Co. He has liter- 
ally grown up in the grain trade and is now one of its prominent 
and influential exponents in his native city. The original firm was 
subjected to changes in constituency and title in the passing years, 
but the history of the business has been consecutive and admirable, 
the final change in name having come when Edward S. Adams, of 
this review, became head of the business, which is now carried 
forward under the title of Edward S. Adams & Co. His association 
with this representative enterprise has continued from the time 
of the initiation of his business career to the present, and his ad- 
vancement has been gained through ability and well-ordered en- 
deavor. His first work was that of service as a clerk in the ofifice 
of his father and thereafter he was a member of the firm of Cyrus 
H. Adams & Co., in line of direct succession, until his elder brother, 
Cyrus H., retired from active business, in 1889, when he became 
one of the interested principals and senior member of the firm of 
Adams & Samuel. This title was maintained until 1910, when the 
present firm of Edward S. Adams & Co., comprised of Edward S. 
Adams and Robert P. Boylan, was formed. Mr. Adams' member- 
ship in the Board of Trade dates from the year 1881, and in his 
allegiance to and activities in this great Chicago commercial organ- 
ization he has fully lived up to its best traditions and ideals. He 
has served as a member of various committees on the Board of 
Trade, among which was the Arbitration Committee, 1896-1898. 
He was elected Second Vice-President of the Board in 1902 and 
served as vice-president in 1903. In addition to this, Mr. Adams 
was for several years a director of the Chicago Stock Exchange. 
In politics Mr. Adams clings to the faith in which he was reared 
and is affiliated with the Democratic party, though with independent 
proclivities. He holds membership in the Presbyterian church, and 
is an active and popular member of the University Club, Chicago 
Club, Saddle & Cycle Club and the Onwentsia Club ; he was influ- 
ential in the organization of the last mentioned and served as the 
first secretary. 

Edward Andrew. — In even a cursory review of the history 
of the Board of Trade of the City of Chicago there must needs be 
revealed the influence of many dominating personalities that have 
played a large and benignant part in the furtherance of its opera- 
tions along normal and legitimate lines and in the directing of 



16 HISTORY OF THE BOARD OF TRADE 

its affairs with circumspection and efficiency. Such relative prom- 
inence must be granted to the able and honored member whose 
name initiates this paragraph and who is president of one of the 
old and important grain commission firms of Chicago — the Nash- 
Wright Grain Company. Mr. Andrew has stood exponent of that 
vital progressiveness that has significantly typified the great me- 
tropolis of the West, and his inviolable place in the confidence and 
esteem of his fellow members of the Board of Trade is proclaimed 
in the fact that he served in many important and exacting official 
positions, including that of president of this dominant commercial 
body, in the affairs of which he has shown himself a loyal and in- 
fluential factor, his association with the Board having had its in- 
ception almost forty years ago and his membership in the same 
dating from 1880. His official service in connection with the Board 
of Trade has covered a period of thirteen consecutive years, and 
this fact bears its own significance. Mr. Andrew was born at North 
Tarrytown, Westchester County, New York, on the 9th of July, 
1858, and is a son of Matthew F. and Sarah A. (Patterson) Andrew, 
both likewise natives of the Empire State and representatives of 
sterling old families of that commonwealth. Mr. Andrew was a 
lad of seven years at the time of the family removal to the city of 
Newark, New Jersey, where he was reared to adult age and where, 
after completing the curriculum of the public schools, he fortified 
himself by a course in a business college. Alert, vital and ambitious, 
Mr. Andrew was moved by a desire to identify himself with the 
progressive West, and in October, 1877, as a youth of nineteen 
years, he came to Chicago, where he was signally favored by for- 
tuitous influences, since his uncle, the late David H. Baker, who was 
one of the leading grain operators on the Chicago Board of Trade 
at that early period, gave him a place in his commission office, which 
held a place of prominence and influence, and thus the young East- 
erner almost at once was permitted to gain association with the 
affairs of the great commercial organization in which he was des- 
tined to rise to the office of president. In 1881 Mr. Andrew ac- 
quired a partnership interest in the business of his uncle, and at 
this juncture the firm name of Baker & Andrew was adopted. In 
1889 Mr. Baker retired from active business, after having attained 
to venerable years, and thereafter the large and well-controlled 
grain commission business was continued under the firm name of 
Edward Andrew & Co. until 1893, when, as a matter of commercial 
expediency and wisdom in meeting the demands of a constantly 
expanding business, he merged his interests with and became a 
member of the Nash-Wright Company. This arrangement was 
continued until 1910, in which year a new corporation, the Nash- 
Wright Grain Company, was organized and incorporated, Mr. An- 
drew having been its executive head during the intervening period 
of more than a quarter of a century and having defined its policies 



OF THE CITY OF CHICAGO 17 

with characteristic circumspection and efficiency. Mr. Andrew has 
been far from apathetic in his association with the Board of Trade 
and by his earnest and zealous influence has made himself prom- 
inent in its government and stable advancement, as indicated by 
his many years of service in official capacity and by the frequent 
recourse taken to his judgment in connection with matters of su- 
preme importance. He has devoted much time and attention to 
formulating and carrying forward the progressive and substantial 
policies that have regulated the affairs of this great commercial 
body, and has maintained a firm hand on the helm of its destiny. 
In January, 1905, he was elected a member of the directorate of the 
Board, and a similar preferment came to him again in 1908. In 
1911 he was elected Second Vice-President, and in the following 
year was advanced to the office of First Vice-President, from which 
position he came forth as the normal candidate for the presidency, 
to which he was elected in 1913 and in which he gave a most able 
and popular administration. Immediately after the expiration of 
his term as President, he was elected a member of the Committee 
of Appeals, and, by re-election in 1916, he continues his membership 
on this important committee. In addition to his precedence as a 
member of the representative commission house of the Nash-Wrig^ht 
Grain Company, Mr. Andrew is secretary and treasurer of the 
Ellis Dryer & Elevator Company, and as a citizen and man of af- 
fairs he takes a deep and abiding interest in all that touches the 
civic and material welfare and advancement of his home city. In 
the Masonic fraternity he has received the thirty-second degree of 
the Ancient Accepted Scottish Rite, besides having completed the 
circle of the York Rite and being identified also with the adjunct 
organization, the Ancient Arabic Order of the Nobles of the Mystic 
Shrine. He holds membership in the Illinois Athletic Club and 
the Glen Oaks Country Club. On the 19th of July, 1889, was sol- 
emnized the marriage of Mr. Andrew to Miss Maude Comstock, 
daughter of the late Gardner P. Comstock, who was for many years 
a prominent and influential member of the Chicago Board of Trade. 
Of the children of Mr. and Mrs. Andrew two sons and one daughter 
are living. 

Philip Danforth Armoiu-. — Mr. Armour was distinctively 
American. His ancestors for generations were noted for strength 
of character and shrewd common sense, the maternal side being of 
Puritan stock. His father, Danforth Armour, and his mother, 
Julianna Brooks, left Union, Connecticut, in September, 1820, and 
settled at Stockbridge, Madison County, New York, where Philip 
D. Armour was born May 16, 1832. There were five brothers and 
three sisters. Farming was their occupation, and frugality and 
industry without ceasing were their fundamental principles. Their 
school days were the best the local red school house could afford, 
but Philip was fortunate enough to attend the neighboring village 



18 HISTORY OF THE BOARD OF TRADE 

seminary at Cazenovia, becoming a natural leader of his school- 
mates there. In the course of the winter of 1851-2 the excitement 
attending the gold discovery in California having spread over the 
country, a party was organized to make the overland trip to Cal- 
ifornia, and Philip was invited to join, being influenced to accept 
by a growing desire to get out into the world. The party left 
Oneida, New York, in the spring of 1852, and reached California 
six months later. In making the trip they were not exempt from 
the trials and dangers attending similar journeys. Armour was 
too resolute and had too fixed a purpose to yield to the temptations 
of a merely adventurous life. He was a born man of affairs, and 
the vicissitudes of this early experience broadened his views and 
strengthened his character. With natural and trained prudence he 
saved the financial results of his mining and trading activities, and 
returned to the East in 1856 with a sum considered ample in those 
days for embarking in commerce. After a long visit to his parents 
and family in Stockbridge, he went West again, entering the grain 
commission business in Milwaukee in March, 1859. His first part- 
ner was Frederick B. Miles. They were successful, but dissolved 
partnership in 1863. In the course of the same year, 1863, a co- 
partnership was formed by John Plankinton and Philip Armour, 
which continued many years and was singularly successful. Mr. 
Plankinton had been for some years previously engaged in the 
pork and beef packing business with Frederick Layton, but their 
firm had dissolved. Mr. Plankinton was Mr. Armour's senior and 
had been a resident of Milwaukee for a much longer period. He 
had established a most thriving business that had been conducted 
with great judgment. He stood high as a merchant and commanded 
the respect of all as a public-spirited citizen. This was Mr. Ar- 
mour's new opportunity for the exercise of his powers. To the 
business of Mr. Plankinton he brought that unremitting industry 
and concentration of thought which were so peculiarly his own. 
Careful attention to causes of change in the prices of provisions 
at the close of the war and vigor of action at crises established the 
firm with a fortune. They seized the opportunity for extending 
their growing business. At Chicago, in 1862, Mr. Armour's brother, 
Herman O. Armour, had established himself in the grain commis- 
sion business, but was induced by Philip to surrender this to a 
younger brother, Joseph F. Armour, in 1865, and take charge of 
a new firm then organized in New York under the name of Armour, 
Plankinton & Co. The organization of the New York house was 
most timely and successful. The financial condition of the West 
at that period did not permit of the large lines of credit necessary 
for the conduct of a business assuming such magnitude, and it was, 
therefore, as events proved, most fortunate that the duties devolving 
on the head of this house should come to one eminently qualified 
to handle them. H. O. Armour was equal to the emergency, and 



OF THE CITY OF CHICAGO 19 

was soon favorably known as a man of great financial ability. He 
thus became the Eastern financial agent of all their Western houses. 
The firm name of H. O. Armour & Co. was continued at Chicago 
until 1870. They continued to handle grain, beginning to pack 
hogs in 1868. This part of the business, however, was conducted 
under the firm name of Armour & Co., which, in 1870, assumed 
all their Chicago operations. The business of all these houses, 
under their efficient management, grew to dimensions which were 
the marvel of the trade. Their brands became as well known in 
all the markets of the world as at home. In all these developments 
Philip D. Armour was the leading and dominant spirit. It became 
evident in 1871 that the livestock producing power of the country 
was rapidly migrating westward, and in order to keep abreast of 
it they established at Kansas City the firm known as Plankinton 
& Armours. This packing plant was under the immediate super- 
vision of Simeon B. Armour, an elder brother. The total output 
of the Chicago, Milwaukee and Kansas City houses under their 
vigorous leadership was enormous. The failing health of Joseph, 
at Chicago, necessitated assistance, and consequently Philip moved, 
in 1875, to Chicago, where he resided until his death in January, 
1901. Joseph Armour died in January, 1881. The fraternal feeling 
manifested by Mr. Armour on every occasion for the welfare and 
prosperity of his family was always noticeable, but especially when, 
in 1879, he induced another brother, Andrew Watson Armour, the 
last one to leave the old homestead at Stockbridge, to remove to 
Kansas City to take charge of the Armour Brothers' Bank, which 
he managed with success. The settling of A. W. Armour in Kansas 
City led later to the admission into the Kansas City packing 
house of his sons Kirkland B. Armour and Charles W. Armour, 
who became the active managers there. Large plants were later 
established at Omaha, Sioux City, East St. Louis, St. Joseph, and 
Fort Worth. A. W. Armour died in May, 1892, and S. B. Armour 
in March, 1899. In August, 1901, H. O. Armour died, and in Sep- 
tember of the same year Kirkland B. Armour passed away. His 
sons Watson and Laurance have since entered the business and 
take part in the Chicago management. Quite recently Philip D. 
Armour III, the grandson of the founder of the house, has also 
entered the management. As a manufacturer Mr. Armour was 
constantly seeking greater economy and efficiency by preventing 
waste. Tankage, blood, bones and other animal by-products were 
turned to greater value by a vigorous and complete system which 
took the place of methods previously used. Many articles formerly 
removed at an expense, or given away, or sold for trifling amounts, 
by good handling and by mixture with other suitable raw material 
bought for the purpose, were made into glue, curled hair, ammonia, 
and, above all, into fertilizers which have almost revolutionized 
agriculture. As a merchant he was quick to see and utilize new 



20 HISTORY OF THE BOARD OF TRADE 

outlets for all his products by furnishing them to consumers at the 
lowest possible prices, with guaranteed excellence. In the years 
1881 and 1882 a new method of handling beef for the Eastern 
markets was developed. For a number of years experiments had 
been made ; and now cattle which had formerly been slaughtered 
and dressed at their destination, were killed at Western points, 
and the dressed product shipped successfully in refrigerator cars to 
Eastern dealers. This required a large outlay of capital and could 
be successfully carried out only by doing an immense business. 
This method reduced the cost of handling to a minimum. The 
house of Armour & Co. became one of the leaders of this trade. 
Even before incorporation, and before the control of all plants was 
officially centered in Chicago, the strength, courage and genius of 
Philip D. Armour were so manifest that his brothers and the lieu- 
tenants at all the plants followed his wishes and suggestions with 
an alacrity and willingness that not only showed their confidence 
in him, but resulted in a co-operation of energy that in itself insured 
the highest success. Mr. Armour's capacity for work was preem- 
inent. He was at his desk by six o'clock in the morning and fre- 
quently earlier. Fatigue was an unknown experience to him. He 
traveled extensively but in the interest always of a wider intel- 
ligence. He could then be found usually among those who con- 
sumed his products and where his agencies had been established 
or new ones created. He was a close observer, but added to this 
was a faith in the future. He thus formed clear and accurate fore- 
casts of financial conditions in a growing country. He acted upon 
them promptly and decidedly. His foresight in estimating the 
agricultural products of the country, in both supply and demand — 
notably provisions and grain — was truly wonderful. Mr. Armour 
inspired respect and aflfection among his friends and business asso- 
ciates to an unusual degree. Particularly among those connected 
with the interests which he controlled, loyalty to him and to his 
wishes was preeminent. It inevitably was a large element in his 
progress. He could always count upon the cooperation of his men. 
Their devotion amounted to an enthusiasm. His extensive grain 
and elevator interests were conducted under a separate organiza- 
tion, developing from modest beginnings in 1875 to a commanding 
place in the trade. At the earnest solicitation of the late Alexander 
Mitchell, he became one of the directors of the Chicago, Milwaukee 
& St. Paul Railway. Mr. Armour married Malvina Belle Ogden, 
at Cincinnati, Ohio, in October, 1862. She was the only daughter 
of Jonathan Ogden. The home life of this remarkable couple was 
singularly happy. Mr. Armour had the faculty of leaving his busi- 
ness cares at his office and entering his family circle with the con- 
tent and enjoyment of a simple and gracious life. Two sons were 
born to them — J. Ogden and Philip D. Jr., who became partners 
with their father. Philip Jr. died in 1900. J. Ogden Armour, to 



OF THE CITY OF CHICAGO 21 

whom full responsibility has descended, carries his honors grace- 
fully and with becoming modesty. Under his steady hand the in- 
terests to which he succeeded have very greatly expanded and have 
continued to prosper. Modern methods have been adopted and 
efficiency increased thereby. In January, 1881, Joseph F. Armour 
died and bequeathed $100,000 for the founding of a charitable insti- 
tution, the Armour Mission. He wisely directed that the carrying 
out of his benevolent design should be chiefly entrusted to his 
brother, the subject of this sketch. In accepting the trust so im- 
posed, Philip D. Armour gave to it the same energetic and critical 
attention which he has given to his private affairs, and added a 
large gift to his brother's bequest. The mission is a broadly con- 
ceived and wholly non-sectarian institution. It is free and open 
to all to the full extent of its capacity, without any condition im- 
posed as to race or creed. The Armour Institute of Technology 
is the outgrowth of this working purpose, which has been shared 
by the family. It is a school of engineering whose graduates num- 
ber more than a thousand. The institution was founded for the 
purpose of giving to young men an opportunity to secure a sci- 
entific and engineering education. It is not intended for the poor 
or the rich as sections of society. Its aim is broadly philanthropic. 
Profoundly realizing the importance of self-reliance as a factor in 
the development of character, the founder conditioned his bene- 
factions in such a way as to emphasize both their value and the 
student's self-respect. To these institutions Mr. P. D. Armour 
contributed more than a million and a half, and his son has con- 
tributed two millions. It was the combination of sagacity, untiring 
energy, and philanthropy which made the name of Philip D. Ar- 
mour influential in the nation he loved. These have given him his 
place as a recognized leader among the merchants of the world, 
and a man honored and beloved for his helpful generosity in behalf 
of his fellow men. 

J. Ogden Armour. — During the entire course of the splendid 
history of the Board of Trade of the City of Chicago it has been 
signally fortunate in maintaining the support and loyal co-operation 
of those strong, resolute and resourceful men of affairs who have 
stood forth as the more influential and honored figures in the gen- 
eral civic and business life of the city, as one generation has fol- 
lowed another on to the stage of productive and benignant activity 
that has resulted in the upbuilding of a great metropolis. There 
have been names that have become as familiar to the nation at large 
as that of Chicago itself, and such a name is that of Armour, which 
has been intimately and most conspicuously identified with the 
development and upbuilding of the city along industrial and com- 
mercial lines and which has always stood exponent of loyal and 
liberal citizenship signified in worthy and great achievement rather 
than of any display of "majesty, pomp and power." In the Ameri- 



22 HISTORY OF THE BOARD OF TRADE 

can industrial world this has been and continues a great name and 
a good name. It has stood for thought and action ; it has, without 
the blare of trumpets or other marks of mere objective display, 
stood for the maximum of usefulness and for the highest ideals of 
personal stewardship and business integrity. It is quite outside the 
province of this publication to attempt review of the career of the 
late Philip D. Armour, the founder of the ponderous and far reach- 
ing industrial and commercial enterprises that perpetuate his name 
and stand as a monument to his noble and vigorous manhood and 
that have been one of the most important factors in the growth 
and general progress of the great metropolis that sits enthroned at 
the foot of Lake Michigan. It was given to him to wield direct and 
also much reflex influence in connection with the operations of the 
Board of Trade, and appreciative of all that his name and work 
has meant in the history of Chicago it is most gratifying to find 
that his sons have fully upheld the high prestige of their patronymic 
and that they likewise are to be found enrolled as representative 
members of the Board of Trade, the while in the industrial world 
they have not stood in the shadow of paternal greatness but have 
marked a place of their own as sterling captains of industry and as 
valiant figures in the world's noble army of productive workers. 
Neither great wealth nor its attendant influence have drawn them 
from the field of work, and only he who works with concentration, 
with a due sense of individual responsibility and with the instinct 
of progressiveness, justifies himself to the world and in the scheme 
of human motive and action. Thus it is a privilege to accord in 
this history recognition to J. Ogden Armour as a member and loyal 
supporter of the Board of Trade rather than to attempt a specific 
review of his career or to give an epitome of his vast industrial and 
capitalistic interests. J. Ogden Armour, whose membership on the 
Board of Trade dates from Nov. 12, 1884, was born in the city of 
Milwaukee, Wisconsin, on the 11th of November, 1863, and is a 
son of Philip Danforth Armour and Malvina Belle Armour, his 
father having been the founder of the great packing and provision 
business that has given to the family name a worldwide reputation. 
After due preliminary discipline J. Ogden Armour was matriculated 
in historic old Yale University, but in the same he did not complete 
a course, as he withdrew at the request of his father, who desired 
him to return to Chicago and assume active duties and responsi- 
bilities in connection with the management of the enormous in- 
terests of Armour & Company. He has never had cause to regret 
the course he followed at this time, for he was able not only to 
relieve his father of much of the ever increasing burden of responsi- 
bility involved in the enormous business, but also to gain that 
broadening and practical education that is to be obtained only under 
the direction of that wisest of all head-masters, experience. It is 
sufficient to say that with the passing years Mr. Armour has proved, 



OF THE CITY OF CHICAGO 23 



as a man of splendid initiative power and administrative ability, 
equal to all demands placed upon him in connection w^ith the order- 
ing of the affairs of a great estate and great industrial and com- 
mercial enterprises that stand most definitely in exemplification of 
the true American spirit of courage, progressiveness and potency. 
Mr. Armour is president of the great corporation of Armour & Com- 
pany. He is a director in each of the following named corpora- 
tions : The Armour Car Lines ; the Armour Grain Company ; the 
Chicago, Milwaukee & St. Paul Railway Company ; the Continental 
National Bank of Chicago ; the Northwestern National Insurance 
Company ; the Illinois Central Railway Company, and the National 
City Bank of New York besides being financially concerned with 
many other important corporate enterprises. Mr. Armour has been 
distinctively a student of economic afifairs, especially those involved 
in American and international commerce, and he has fortified him- 
self staunchly in his convictions concerning governmental policies, 
the while he gives his political allegiance unswervingly to the Re- 
publican party. He is the author of a carefully prepared, liberal and 
authoritative work entitled "The Packers and the People," which 
was published in 1906. While appreciative fully of the finer 
amenities of social life and known for his civic loyalty and pro- 
gressiveness, Mr. Armour is emphatically a business man and has 
not cared to identify himself with any appreciable number of social 
organizations. He holds membership in the Chicago Club and was 
a member also of the historic old Calumet Club until its dissolution, 
in 1915. Mr. Armour married Miss Lolita Sheldon, of New York 
city, and they have one daughter, Lolita. 

Samuel P. Amot. — Into the grain commission trade of Chicago 
have been drawn many representatives from the most diverse sec- 
tions of the Union, and of those who are thus identified successfully 
with this line of enterprise in the western metropolis one who can 
claim the fine old commonwealth of West Virginia as his place of 
nativity is he whose name introduces this paragraph and whose 
name has been enrolled on the roster of the members of the Board 
of Trade since 1900, his popularity in the organization being indi- 
cated by that fact that he has given three years of effective service 
in the office of Director of the Board. Mr. Arnot is the executive 
head of the firm of Arnot & Company, which is substantially estab- 
lished in the grain commission business in Chicago, with offices at 
140 West Van Buren street, and prior to entering this field of com- 
mercial enterprise he had made for himself an excellent reputation 
as a representative of the pedagogic profession. Samuel P. Arnot 
was born at Greenville, Monroe county. West Virginia, on the 29th 
of August, 1867, and is a son of E. T. and Ruth A. Arnot, repre- 
sentatives of old and honored Southern families. After duly avail- 
ing himself of the advantages of both public and private schools in 
his native state Mr. Arnot was for a time a student in the historic 



24 HISTORY OF THE BOARD OF TRADE 

old University of Virginia, at Charlottesville, and he subsequently 
graduated at Fremont College, from which institution he received 
the degree of Bachelor of Science. His career as a teacher covered 
a period of several years, within which he held preferment as super- 
intendent of schools at various places. 

Since Mr. Arnot became a resident of Chicago he has proved 
himself a resourceful and progressive factor in connection with the 
commission grain business in this city, the firm of which he is a 
member now having control of a large and substantial trade and 
having in him an effective and popular representative on the Board 
of Trade. Mr. Arnot is one of the loyal and wide-awake citizens 
of Chicago, maintains his residence at 921 Argyle street, in the 
northern section of the city, and is an active member of the Chicago 
Athletic Association and the Edgewater Golf Club, besides being 
affiliated with the Masonic fraternity, the Knights of Pythias and 
the Improved Order of Red Men. The 22nd of August, 1896, bore 
record of the marriage of Mr. Arnot to Miss Stella Varner. They 
have no children. 

L. Howard Ash. — The true history of an organization is best 
told in a record of the lives of the individuals who compose its 
membership and who, in their every day lives and actions, have been 
contributive factors in the growth and development of the institu- 
tion which they represent and with which they have been con- 
nected. The marvelous record of the Chicago Board of Trade rests 
not alone upon the magnitude of its transactions but is also due in 
large measure to the happy fact that numbered among its members 
are many men of sterling character and broad vision who, in dig- 
nified and unostentatious manner, have conducted their dealings 
and transactions upon the highest plane of strict business equity 
and integrity, upholding the best traditions of the Board and making 
their personal success co-ordinate with its welfare and develop- 
ment. The member whose name heads this brief review is a native 
of the state of Iowa, born in Mount Vernon, January 10, 1850, a 
son of Reuben and Hannah (Day) Ash. His early boyhood was 
spent in his native village, where he enjoyed the advantages of a 
public school education and also attaining his junior year in Cornell 
College, one of the well known smaller institutions of learning 
where thoroughness of instruction rather than extensive enrollment 
is the object sought. After serving as clerk in mercantile lines, he 
came to Chicago, in 1871, and accepted a position with I. N. Ash & 
Company, one of the well known receiving houses of the Board and 
there began the work which has since claimed his attention, his 
initiation into the methods and mysteries of the trading pit as a 
representative of the above named firm, leading to an individual 
membership in 1873. In 1881 he organized the firm of Ash & Ben- 
nett and later became the head of the firm of L. H. Ash & Company, 
doing a general and extensive commission business which continued 



OF THE CITY OF CHICAGO 25 

until later in the same year, since which time, he has operated as 
an independent broker, specializing in the corn trade. During his 
association with the Board Mr. Ash has contributed of his time and 
effort by serving as a member of the arbitration committee and 
otherwise taking a lively interest in the welfare and promotion of 
the organization, and all movements tending toward the elevation 
of business ethics and standards have received his quiet though 
willing support. March 22, 1899, he was united in marriage with 
Mary E. Magner and to them has been born one daughter. In 
political faith Mr. Ash is Republican. He has held membership 
in various social organizations, retaining at the present, his mem- 
bership in the Glen View Golf Club and of the Hawkeye Fellowship 
Club of Chicago. 

Orville E. Babcock. — The banking and brokerage firm of Bab- 
cock, Rushton & Company is one of importance and influence in 
connection with Chicago brokerage operations in grain, stocks and 
bonds and is the direct successor of the old firm of John C. King & 
Company. Mr. Babcock is a senior partner of the firm and holds 
membership on the Chicago Stock Exchange, New York Stock Ex- 
change and the St. Louis Merchants Exchange. Mr. Babcock was 
born in Chicago, August 13, 1872, and is a son of General Orville E. 
and Annie (Campbell) Babcock, his father having rendered dis- 
tinguished service as an officer in the United States Army. Mr. 
Babcock graduated from the Sheffield Scientific School, Yale Uni- 
versity, in the class of 1894. In the year 1896 Mr. Babcock became 
a member of the firm of John C. King & Company, bankers and 
brokers, and this alliance continued after the title had been changed 
to King, Hodenpyl & Company, as well as after the original firm 
name had again been adopted. He remained one of the interested 
principals in the firm of John C. King & Company until January 1, 
1907, when Mr. King retired, the firm was reorganized and the 
present title of Babcock, Rushton & Company was assumed. Mr. 
Babcock is a Republican and member of the following clubs: Chi- 
cago, University, South Shore Country, Onwentsia, Saddle and 
Cycle, and the Racquet and Tennis Club of New York city. Mr. 
Babcock was married to Miss Ellen Walsh of Chicago on Novem- 
ber 20, 1901, and resides at Lake Forest, Illinois. 

Edward R. Bacon. — Recognized as a man of high intellectual 
attainments and civic ideals, Edward Richardson Bacon has effect- 
ively shown his resourcefulness, discrimination and administrative 
ability in the building up of a specially large and substantial busi- 
ness as a broker and dealer in grain, and for nearly forty years he 
has held a place of prominence and influence as a member of the 
Board of Trade of the City of Chicago, though his distinctive per- 
sonal attributes are such that he has never sought the limelight of 
publicity or appeared as a spectacular figure in connection with 
the operations of the Board of Trade or in speculative enterprise. 



26 HISTORY OF THE BOARD OF TRADE 

He is one of the straightforward, progressive and successful busi- 
ness men who most effectively exemplify the true civic spirit of the 
great metropolis of the West and his is the prestige of being a scion 
of one of the sterling pioneer families of Chicago, within whose 
borders he has maintained his home from the time of his birth and 
to which he pays the utmost loyalty. Mr. Bacon was born in Chi- 
cago on the 22d of February, 1857, and in his specific individuality 
and his business activities he may consistently be said to have kept 
in close touch with the splendid work that has resulted in the de- 
velopment and upbuilding of the great metropolis at the foot of Lake 
Michigan, the while he stands exemplar of civic liberality and pro- 
gressiveness. Mr. Bacon is a son of Moses Sawin Bacon and 
Georgiana (Richardson) Bacon, both being natives of Massa- 
chusetts. The parents established their residence in Chicago in 
1855. Here Moses S. Bacon achieved success and influence and he 
was one of the well known and highly honored citizens of Chicago 
at the time of his death. He whose name initiates this review duly 
availed himself of the advantages of the public schools of his native 
city and then entered the historic old Phillips Exeter Academy, at 
Exeter, New Hampshire, in which he prepared for college. Thus 
fortified in a preliminary way, he was matriculated in Harvard Uni- 
versity, in which institution he completed the full academic or 
literary course and was graduated as a member of the class of 1878, 
in which year he received the degree of Bachelor of Arts. At 
Harvard he became affiliated with the Pi Eta fraternity and also 
was an active member of the Harvard Squad, a representative mili- 
tary organization. His scholastic tastes and ideals have not been 
permitted to grow dull with the passing years, and it may con- 
sistently be said that he has continued to the present time an ap- 
preciative student and reader of the best in literature. After leav- 
ing college Mr. Bacon returned to Chicago, and here he has been 
closely associated with the grain business during the long inter- 
vening years, which have been marked by large and worthy achieve- 
ment on his part and given him precedence as one of the representa- 
tive factors in this field of industrial enterprise in the western 
metropolis. Mr. Bacon has been a member of the Board of Trade 
since 1880 and has at all times shown a lively and loyal interest in 
all things relative to its welfare. He has exercised an unassuming 
but potent influence in connection with the governmental affairs and 
general activities of the Board, and has inviolable place in the con- 
fidence and esteem of its members, the while he now figures as one 
of its veteran representatives. His business is conducted in an 
individual way and under his own name, his offices being at 230 
South La Salle street. The grain elevator of Mr. Bacon is eligibly 
situated at West Thirty-third street, on the south branch of the 
Chicago River, and he has adjunct facilities of similar type at One 
Hundred and Sixth street and the Calumet River. Mr. Bacon is 



OF THE CITY OF CHICAGO 27 

actively identified with the Harvard Club of Chicago and with the 
Scituate Yacht Club of Scituate, Massachusetts, where is main- 
tained the summer home of the family. Both he and his wife are 
communicants of the Protestant Episcopal Church. The family 
home is at 452 Briar Place, in the beautiful Lake View section of 
Chicago. On the 6th of January, 1902, was solemnized the marriage 
of Mr. Bacon to Miss Katherine Disborough Bogart, and they have 
four children : Raymond C, Edward R., Jr., John William, and 
Robert Cram. 

John J. Badenoch. — A scion of staunch Scottish ancestry and 
claiming the land of hills and heather as the place of his nativity, 
Mr. Badenoch has shown forth in his character and achievement the 
admirable attributes that have been significantly exemplified in 
the race from which he sprung, and the loyalty and ability that have 
made him an honored and influential citizen of Chicago have been 
shown forth equally in his association with the afifairs of the Board 
of Trade, his membership in which representative body dates from 
the year 1874. He was a child at the time of the family immigra- 
tion from Scotland to America and has been a citizen of Chicago 
since the year 1867. In 1873 he established the present J. J. Bade- 
noch Company, commission merchants and shippers of hay, grain, 
feed, etc., and this is now one of the oldest and most important con- 
cerns of its kind in the western metropolis, with an extensive and 
substantial business that is founded on long years of fair and hon- 
orable dealings. Mr. Badenoch still continues at the head of the 
business and is also to be consistently designated at the present 
time as one of the veteran members of the Board of Trade, which 
he has honored and been honored by, even as he has stood exponent 
of leal and loyal citizenship and of high civic ideals. He has been 
called upon to serve in various municipal offices of high trust, and 
of the same mention will be made in a succeeding paragraph. John 
Joseph Badenoch was born in Fyfeshire, Scotland, on the 19th of 
April, 1851, and is a son of Joseph and Helen (Tough) Badenoch, 
who came to the United States in the year 1856 and established 
their home in New York city. In the public schools of the national 
metropolis John J. Badenoch acquired his early education and there 
he initiated his business career by assuming the dignified preroga- 
tives of an errand boy. In 1867, as a lad of about sixteen years, he 
came to Chicago, where for the ensuing seven years he was in the 
employ of the firm of M. Kronberg & Company, prominent whole- 
sale jewelers of the day and locality. In 1873, at the time when 
Chicago was still bravely struggling to overcome the handicap 
caused by the great fire of 1871, he became the founder of the present 
J. J. Badenoch Company, which has had a consecutive and success- 
ful history in connection with the grain commission trade and with 
the buying and shipping of grain, hay, feed, etc. The business was 
incorporated under this title in the year 1894, and the founder has 



28 HISTORY OF THE BOARD OF TRADE 

since served as president of the corporation whose substantial and 
prosperous business has been evolved and developed under his able 
and honorable direction. Associated with him in conducting the 
representative enterprise are four of his sons, of whom Joseph W. 
and David A. are active members also of the Board of Trade. Mr. 
Badenoch has long been arrayed as a veritable stalwart in the ranks 
of the Republican party and it has been his to give to Chicago 
splendid service in positions of public trust and responsibility. For 
a period of two years he represented the old Eleventh ward as a 
member of the board of aldermen ; for three years he was president 
of the board of election commissioners of Chicago, and for a similar 
period he was giving an equally faithful and efifective administration 
as a member of the Chicago board of education. April 11, 1895, 
there came to him exacting and important official preferment, when 
he was chosen general superintendent of the Chicago police depart- 
ment, a position of which he continued the incumbent two years 
and in which he gave a signally circumspect and effective adminis- 
tration, the record of which has now become an integral part of 
Chicago history. Mr. Badenoch has been long and prominently 
affiliated with the time-honored Masonic fraternity. He was one 
of the founders of the Masonic Orphans' Home of Illinois, of which 
he has served long and ably as president, and he is a past com- 
mander of that representative Masonic organization, St. Bernard 
Commandery 35, Knights Templar, his ancestral history making 
specially consonant his further affiliation with the Scottish Rite 
bodies of Masonry, in connection with which he has received the 
thirty-second degree. Marking his lively appreciation of the history 
and traditions of his native land, Mr. Badenoch is found as one of 
the prominent and influential members of the St. Andrew's Society 
of Chicago, of which he served as president for three years. He is 
a popular member of various other social organizations, including 
the Illinois Club, and he is one of the sterling and influential citizens 
whom Chicago delights to honor. His attractive city residence is on 
Washington boulevard and the summer home of the family is at 
Brown's Lake, near Burlington, Wisconsin, where he indulges in 
but talks less of his piscatorial and other acquatic prowess. In 
1874 was solemnized the marriage of Mr. Badenoch to Miss Clem- 
ence Ward, of Chicago, and of their six children all are living except 
the second, John Joseph, Jr., who died at the age of twenty-three 
years. The surviving children are: Joseph W., Edward C, Annie 
L. (wife of Rev. Percy W. Stephens), David A., and Ernest W. 
Mr. Badenoch has for the past twenty-five years been a member 
and trustee of the Second Baptist church. 

EdAward W. Bailey. — With all of consistency may it be said 
that the course of Edward WilHam Bailey in all of the relations of 
life has been guided and dominated by a high sense of personal 
stewardship, and steadfast loyalty, and it is to such men that the 



OF THE CITY OF CHICAGO 29 

Board of Trade of the City of Chicago has had recourse in the main- 
taining of its wonderful prestige and fine ideals and ethics, which, 
with the concomitant activities of stupendous order, have made it 
the greatest commercial body of the kind in the entire world. Mr. 
Bailey has been for many years a prominent and successful repre- 
sentative of the commission grain and provision business in Chicago, 
and no member of the Board of Trade has maintained a higher 
reputation, as may well be understood from the pertinence of the 
following statements that have been written concerning him: 
"While the activities of Edward W. Bailey have brought him sub- 
stantial and well merited success, his achievements in the world of 
commerce have never sacrificed the interests of others. His name 
is synonymous with commercial integrity, and at the same time he 
possesses the strong, purposeful spirit that finds exemplification in 
the prompt and ready execution of well defined plans and the co- 
ordination of forces into a resultant and unified whole. With the 
dignity that effectually bars undue familiarity and with personal 
character that begets warm friendships, he is today one of the 
honored and substantial business men of the western metropolis." 
Mr. Bailey has been a resident of Chicago since 1879 and his mem- 
bership on the Board of Trade dates from that year. He has shown 
forth the best attributes of the fine New England stock of which 
he is a representative, and is the type of member who has given 
strength, solidity and distinction to the Board of Trade, which has 
profited fully through his interposition and through his service as 
a member of its directorate and also as its vice-president. He is 
known and honored as one of the representative figures in the grain 
commission trade centered in Chicago, where he is the executive 
head of the firm of E. W. Bailey & Company, with offices in the 
Board of Trade Building, and with a branch office at Montpelier, 
Vermont, the fine old capital city of his native State. Mr Bailey was 
born at Elmore, Lamoille county, Vermont, on the 31st of August, 
1843, and is a son of George W. and Rebecca (Warren) Bailey, both 
natives of Berlin township, Washington county, that State, the re- 
spective families having been founded in New England in the colo- 
nial period of our national history and the lineage of the Bailey fam- 
ily tracing back to staunch Scotch origin. In this connection a con- 
sistently appreciative estimate has been written in the following sig- 
nificant words: "There is in Edward W. Bailey a strong trace of that 
inflexible adherence to duty which is characteristic of the Scotch 
race." The youngest of a family of ten children, Edward W. Bailey, 
found the period of his boyhood and youth compassed by the in- 
vigorating influences of New England surroundings, his father 
having been a substantial agriculturist in Washington county, Ver- 
mont, besides serving his state as a member of her legislative bodies 
and also as judge of the probate court. The subject of this review 
did not fail to make good use of the advantages afforded in the 



30 HISTORY OF THE BOARD OF TRADE 

common schools, including the grammar school in the city of Mont- 
pelier. At an early age he was found actively engaged in the man- 
agement of the home farm, the failing health of the father having 
placed this responsibility upon him and limiting temporarily the 
trend of his ambition. Following the father's death in 1869, he 
became identified with the grocery business in the city of Mont- 
pelier. In the following year he there became also the owner of a 
grist mill, and thus was initiated his association with the grain 
business. In 1879 Mr. Bailey subordinated his business interests 
in the old Green Mountain State and, with the mental fiber and 
determined purpose that have always caused the sturdy sons of New 
England to find a special attraction in the progressive West, he 
came to Chicago, which city was then making rapid strides to re- 
cover from the physical and civic prostration entailed by the great 
fire of 1871. His purpose in coming to Chicago was mainly his 
appreciation of the fact that this city was destined to become the 
great national center of the grain commerce, in connection with 
which he saw an opportunity for personal advancement and the 
attaining of success worthy of its name. Here he engaged in the 
commission grain trade, in which he became associated with the 
late Vernon W. Bullock, whose interest in the business he pur- 
chased three years later. In the meanwhile he continued his asso- 
ciation with the milling and grain business at Montpelier, Vermont, 
his loyalty to his native commonwealth having been shown by his 
maintaining to the present day a branch business office at Mont- 
pelier. Concerning his earnest activities in Chicago the following 
pertinent statements have been written, and they are worthy of 
perpetuation in this connection : "His course was marked by con- 
secutive advancement until, like many others, he became involved 
in the widespread financial panic of 1893. His unfaltering purpose 
and ready adaptability, however, have placed him once more in the 
ranks of the city's representative business men, with every financial 
obligation wiped out and with command of larger and more im- 
portant interests than ever before. He has been honored by elec- 
tion to the offices of director and vice-president of the Board of 
Trade, and his services in behalf of that body have been signally 
beneficial. He is regarded as one of the foremost representatives 
of the grain and provision commission business of Chicago." The 
character of Mr. Bailey is the positive expression of a strong, true 
and loyal nature, and as a citizen he has shown himself vigorous, 
appreciative and public-spirited, without any predilection for public 
office of any kind. His political allegiance is given to the Repub- 
lican party, and for many years he was an active member of the 
Central Church, which gained wonderful prestige under the pastor- 
ate of the late and revered Professor David Swing. He is identified 
with the New England Society of Chicago, and also with the Union 
League Club and the South Shore Country Club. At Montpelier, 



OF THE CITY OF CHICAGO 31 

Vermont, on the 26th of May, 1870, Mr. Bailey wedded Miss Jennie 
Carter, and she passed to the life eternal in 1908. She is survived 
by two children, George C. and Mary Blanchard, the latter of whom 
is now the wife of Fred Meyer. In October, 1909, was solemnized 
the marriage of Mr. Bailey to Miss Cora Haseltine, of Chicago, and 
their home is at 4858 Kenwood avenue. 

Alfred L. Baker. — Coming from the old Bay State to Chicago 
as a young man, Alfred Landon Baker gained there his initial suc- 
cess as an ambitious representative of the legal profession. He con- 
tinued the active practice of law for a decade, at the expiration of 
which he entered into the banking and brokerage business, of which 
he has become an influential exponent in the great metropolis of the 
west. He is senior member of the well-known firm of Alfred L. 
Baker & Company, which conducts a large and substantial broker- 
age business with offices at No. 141 South La Salle street, in which 
he has gained distinctive precedence in the handling of stocks, bonds, 
investment securities, and grain. Mr. Baker has proved himself an 
influential force with the commercial and industrial interests cen- 
tered in Chicago, and is a financier of recognized ability and of 
careful and conservative policies as is well proved by the high repu- 
tation ever maintained by the firm of which he is the executive 
head. He has been a member of the Board of Trade of Chicago 
since the year 1896. He has also been an influential member of the 
Chicago Stock Exchange of which he was president for three con- 
secutive years, from 1898 to 1900, and as he is also a member of the 
New York Stock Exchange the firm of Alfred L. Baker & Company 
is representative of the three important financial and commercial 
organizations of the United States. That Mr. Baker is a loyal, appre- 
ciative, and public spirited citizen has been shown by his activi- 
ties along many civic avenues, and that such attitude should be his 
is but natural when it is taken into consideration that he is a scion 
of a family whose name has been worthily identified with the annals 
of American history since the early Colonial era. Though he comes 
from a Boston family and was educated in the state of Massachu- 
setts, Mr. Baker was born while his parents were sojourning in 
Nova Scotia, and the date of his nativity was April 30, 1859. He is 
the son of Addison and Maria (Mudge) Baker, and his father was 
a business man in the city of Boston, where he was actively identi- 
fied with the canning industry at the time of his death which oc- 
curred when he was comparatively a young man. It was in the 
public schools of Lynn, Massachusetts, that Alfred L. Baker was 
educated, graduating from the high school of that city as a member 
of the class of 1876. His novitiate in the work of business was 
served by his holding, in turn, a position of clerical order in a woolen 
house and a boot and shoe establishment, and finally he assumed 
the position of private secretary to the treasurer of the Amory 
& Langdon Manufacturing Company, which then maintained its 



32 HISTORY OF THE BOARD OF TRADE 

offices in the old Suffolk Bank Building, on State street, in Boston. 
The vigor, determination and ambition in the youth found signifi- 
cant exemplification at this time when he applied himself diligently 
to the study of law during his evenings and other leisure time. That 
he fortified himself in the science of jurisprudence was shown when, 
in 1881, he proved himself eligible and was admitted to the Massa- 
chusetts bar in Essex county, his admission to the bar having come 
to him when he was but twenty-two years of age. Ready to put 
his professional requirements to practical test and utilization, Mr. 
Baker engaged in active practice in Lynn, as junior member of the 
law firm of Baldwin & Baker and won success and reputation as 
an attorney and counsellor. He also gained influence in connection 
with the municipal affairs in the city of Lynn, where he served as 
a member of the City Council and also as a member of the School 
Committee. The mental fiber and progressive instincts of Mr. Baker 
peculiarly fitted him for association with the more vigorous and 
vital West, and it was characteristic youthful energy that led him 
to identify himself with Chicago and to be imbued with the spirit 
of the West when he was a young man of twenty-six years. In 
the autumn of 1885, he established residence in this city and shortly 
afterwards he formed a law partner alliance with Louis M. Greeley 
and engaged in the practice of his profession under the firm name 
of Baker & Greeley. He achieved definite and well-earned suc- 
cess in the practice of his profession and formed a wide acquaint- 
anceship among the leading business men of the city. After having 
devoted about ten years to his law practice, Mr. Baker showed his 
resourcefulness and good judgment by identifying himself with the 
line of enterprise in which it has been given him to obtain success 
and prosperity and a place of unquestioned influence and leadership 
in the financial world. 

Mr. Baker is entirely a man of ideas and ideals and both are 
made "working propositions" by him as a man of affairs, and as a 
broad-minded and progressive citizen. He is vice-president of the 
National City Bank and holds a similar office with the Calumet 
Chicago Canal & Dock Company. In 1907-8 he was president of 
the Board of Trustees of Lake Forest University, and in 1905 he 
held the presidency of the Merchants' Club of Chicago, which after- 
wards amalgamated into the Commercial Club of Chicago. The 
year 1916 found him according effective service as Chairman of 
the Citizens Terminal Plan Committee, which raised $100,000 to 
provide for a comprehensive study and investigation of the entire 
terminal situation in Chicago, with a view to bringing the facili- 
ties up to the highest possible efficiency, which, like the Chicago 
Plan Commission, is a great asset in the future growth of the city 
of Chicago, and will, in all the agencies that go to make up a great 
city, recreation, transportation and home building, make it the ideal 
city of the world. Mr. Baker is identified with a large number 



OF THE CITY OF CHICAGO 33 

of the representative civic organizations of his home city and his 
influence and co-operation are ever to be counted upon in the fur- 
therance of measures tending to advance the material and civic 
interests of Chicago. He was two years the President of the City 
Club and to indicate that his life is not all work, that he enjoys the 
usual amount of recreation, he has also been prominently identified 
with the Onwentsia Club of Lake Forest, of which he was Presi- 
dent for five years. He is an appreciative member of the Society of 
Colonial Wars, of which he served as Governor of the local Chapter 
and further indicates his appreciation of keeping alive Colonial tra- 
ditions by his membership in the Society of Mayflower Descendants. 
He maintains a residence in the beautiful suburban district of Lake 
Forest and his family is one of prominence in the representative 
social life of Chicago and Lake Forest. On the 6th of June, 1894, 
was solemnized the marriage of Mr. Baker to Miss Mary Corwith, a 
daughter of the late Henry Corwith of Chicago, and the two children 
of this union are : Isabelle, who was born in 1897, and Mary Lan- 
don, who was born in 1901. Mr. Baker is a man of strong personal- 
ity and gives the impression of force and initiative, backed by sound 
judgment and comprehensive grasp of any subject upon which he 
fixes his attention. He has always been a helpful and conservative 
member of the Board of Trade of the City of Chicago and is one 
of those who have aided in maintaining its reputation for the very 
highest standard of commercial honor. It has been given to but 
few men to have a stronger influence for good in one of the largest 
cities of the world than Mr. Baker has attained, and it is a matter 
of congratulation for the city that he has been willing to use his 
large abilities, not for selfish purposes alone, but to give time and 
attention to the promotion of civic welfare. 

Paul A. Balbach. — In connection with the important grain 
trade of central Illinois Paul August Balbach has become a success- 
ful and influential exponent of this phase of commercial enterprise 
and has built up a notably substantial business in the handling of 
grain in car lots, his residence and office headquarters being main- 
tained in the city of Pontiac, Livingston county, and his active 
membership in the Board of Trade of Chicago dating from the year 
1909. He has been a progressive and successful exponent of the 
grain commission business since 1904, his early experience in con- 
nection with practical agriculture making him an authoritative 
judge of grain values, and his careful and honorable methods in busi- 
ness having gained to him the confidence and good will of those 
with whom he has had dealings. Mr. Balbach is of the truest Ameri- 
can type in all that makes for sentiment and action and yet he has 
reason for satisfaction in being a scion of sterling German stock. 
He was born on a farm near Lincoln, Logan county, Illinois, on the 
17th of April, 1871, one of the eight children of Paul G. and Eliza- 
beth (Gentes) Balbach. His father was born in Germany, where 



34 HISTORY OF THE BOARD OF TRADE 

he was reared and educated and whence he came to the United States 
in the early '50s. He engaged in farming activities in Logan county, 
Illinois, and later he removed to Saline county. As a vigorous and 
progressive farmer he achieved independence and prosperity, and as 
a citizen he ever commanded the fullest measure of popular confi- 
dence and good will. He was a resident of the latter county at the 
time of his death, in April, 1904, and his widow still maintains her 
home there. Paul A. Balbach made good use of the advantages 
afforded in the public schools and also of those oflfered in connection 
with practical experience in farming. He continued his active asso- 
ciation with agricultural industry until he was thirty-five years of 
age, and since 1904 he has been successfully established in the grain 
commission trade at Pontiac, where his careful and conservative 
policies have enabled him to build up a substantial and well ordered 
business. He is a Republican in his political allegiance, is affiliated 
with the Independent Order of Odd Fellows, the Benevolent and 
Protective Order of Elks and the Woodmen of the World, and is 
one of the liberal and public-spirited citizens of the little city that 
is the judicial center of Livingston county. He married Miss 
Katherine Power, a daughter of Lawrence Power, of Illinois, and 
they are popular factors in the social life of their home city. 

Raymond C. Baldwin. — One of the specially prominent and im- 
portant concerns in the grain trade in Illinois is the Baldwin Grain 
Company, which centralizes its extensive business in the city of 
Bloomington. judicial center of McLean county. Of this company 
Raymond Clair Baldwin is the progressive president and general 
manager, and of the same he is an active representative as a mem- 
ber of the Board of Trade in Chicago, besides which he is similarly 
identified with the Peoria Board of Trade, the National Grain Deal- 
ers' Association and the Illinois Grain Dealers' Association. The 
consistent slogan of the company is "always in the market," and 
its correct policies and enterprising management have made it one 
of the leading factors in the handling of Illinois grain in the south- 
western part of the State. Mr. Baldwin was born in the city of 
Chicago on the 13th of May, 1879, and is a son of David S. and 
Sylvinia M. (Riggles) Baldwin, the latter of whom was for many 
years a successful and influential representative of the lumber trade, 
with which he continued his active connection until his death, in 
1905. In the public schools of his native city Raymond C. Baldwin 
continued his studies until his graduation in the Oak Park high 
school, as a member of the class of 1897. In August of the same 
year he found employment in the offices of Charles Cunningham & 
Company, engaged in the grain business. With this firm he con- 
tinued his alliance until 1904, when he returned to Chicago and 
took a position with the Chicago Elevator Company. Later he 
entered the employ of J. C. Shaffer & Company, a prominent Chi- 
cago grain firm, and this connection was continued until May 1, 



OF THE CITY OF CHICAGO 35 

1905, when he established himself in the same line of business at 
Bloomington, his ability and energy having been effectively brought 
to bear in the upbuilding of the substantial business now controlled 
by the company of which he is president and general manager. Vig- 
orous and well poised as a business man, Mr. Baldwin is a citizen 
who takes lively interest in community affairs and in politics he is a 
loyal supporter of the cause of the Republican party. The year 1917 
finds him giving effective service as vice-president of the Blooming- 
ton Commercial Club and as a director of the Bloomington Club 
and the Bloomington Country Club, he and his wife holding mem- 
bership in the Christian church in their home city. Mr. Baldwin 
was married to Miss Ethel Johnson, daughter of J. T. Johnson, and 
she is a popular factor in the social life of Bloomington. Mr. and 
Mrs. Baldwin have two children, Jeanette A., who was born in 1904, 
and Robert E., who was born in 1907. 

Finley Barrell. — To give consideration to those persons and 
concerns that stand clearly representative in connection with the 
activities of the Board of Trade of the City of Chicago and that 
have special and emphatic significance in maintaining the com- 
mercial precedence of the western metropolis, is the prime desidera- 
tum and function of this department of the history here presented. 
From this viewpoint there is eminent consistency in according high 
relative tribute to the firm of Finley Barrell & Company and the 
able and popular chief executive whose name gives it its title and 
who has worthily and effectively won an impregnable vantage- 
place and large influence in connection with the commission trade 
in grain, cotton, provisions and coffee, as well as in connection with 
stable and progressive operations in the handling of stocks and 
bonds. The firm of Finley Barrell & Company is one of the fore- 
most to find representation on the Chicago Board of Trade and 
controls a remarkably extensive and substantial business, so that its 
leadership in its sphere of operations is uniformly conceded. Much 
is implied in the achieving of such distinctive success and priority 
in one of the most important fields of commercial action, and Mr. 
Barrell eminently merits classification among those men who have 
distinguished themselves by initiative and constructive ability, 
potency in the mastering of opposing forces and the tenacity of 
purpose which makes possible the wresting from the hands of fate 
a large measure of success and an honorable name. Further in- 
terest attaches to his career by reason of his being a native son of 
Chicago, in which city he has won his way to a secure position and 
influential status as a citizen and man of affairs, the while his ad- 
vancement has been entirely free from the dubitable elements of 
"pride, vain glory and hypocrisy." The firm of Finley Barrell & 
Company is to be designated as one of the representative national 
concerns in its field of enterprise, and it has direct and influential 
representation not only on the Chicago Board of Trade but also on 



36 HISTORY OF THE BOARD OF TRADE 

the following named and important commercial bodies : The Chi- 
cago Stock Exchange, the New York Stock Exchange, the New 
York Cotton Exchange, the New York Coffee Exchange, the New 
York Produce Exchange, the Philadelphia Commercial Exchange, 
the Baltimore Chamber of Commerce, the Buffalo Corn Exchange, 
the Toledo Produce Exchange, the Omaha Grain Exchange, the 
St. Louis Merchants' Exchange, the Kansas City Board of Trade, 
the Duluth Board of Trade, the Minneapolis Chamber of Commerce, 
and the Winnipeg Grain Exchange. The year 1916 finds the well 
appointed offices of the firm established at 203 South La Salle street, 
and the New York offices at 74 Broadway. Finley Barrell was born 
in Chicago on the 28th of October, 1864, and is a son of James and 
Susan (Finley) Barrell. In his native city he profited duly by the 
advantages afforded in the public and high schools and Allen's 
Academy. That he has achieved his present commanding place in 
the domain of grain and stock commission operations has not been 
an accident but rather the logical result of long and varied experi- 
ence and well applied energy and ambition. The very novitiate of 
his business career was gained through his assuming a clerical posi- 
tion in the employ of the firm of Irwin, Orr & Company, Board of 
Trade commission merchants in Chicago, and he was about eighteen 
years of age when he thus initiated his association, in 1883, with the 
line of enterprise in which he was destined to win marked prece- 
dence and large and untainted success. From 1884 to 1890 he was 
similary employed by the representative commission firm of Norton 
& Worthington, and in September of the latter year he found him- 
self well fortified when he engaged in the grain commission busi- 
ness in an independent way, as junior member of the firm of Russell 
& Barrell. In 1892 he assumed full control of the business, under 
the title of J. F. Barrell & Company, and in 1894 his father, James 
Barrell, became a member of the firm, whereupon was adopted the 
present title of Finley Barrell & Company. On the 10th of April, 
1899, his brother, Stewart E. Barrell, was admitted to partnership 
and the province of the business was extended to include also the 
dealing in stocks, bonds, cotton and coffee. The personnel of the 
firm was augmented on the 1st of January, 1903, by the admission of 
David A. Noyes, and on the 1st of January, 1906, Frederick R. Bab- 
cock became a member of the firm. On the 1st of January of the 
following year, James and Stewart E. Barrell retired, as did also 
David A. Noyes, and on the 25th of February, 1909, Peter J. Ma- 
loney became one of the interested principals, he being at the pres- 
ent time one of the resident partners of the firm in New York city 
and still retaining membership on the Chicago Board of Trade. 
Frederick R. Babcock retired in 1910. The constituent members 
of this important firm at the time of this writing are as follows : 
Finley Barrell, Peter J. Maloney, Benjamin Block, John W. Barrell, 
L. M. Stein and W. B. Anderson. Mr. Barrell has held membership 



OF THE CITY OF CHICAGO 37 

on the Board of Trade of the City of Chicago since the year 1890 
and has exemplified in his connection therewith and in his individual 
business career the admirable commercial ethics for which this 
great organization has stood sponsor during the entire period of 
its long and admirable history. As a loyal and public-spirited citizen 
Mr. Barrell gives his influence and co-operation in the furtherance of 
those things which tend to advance the best interests of his native 
city, along both civic and material lines, and in this connection his 
progressiveness has been shown no less effectively than in his per- 
sonal business career, which has been one of consecutive advance- 
ment, with naught of the statu quo. His political allegiance is given 
to the Republican party, both he and his wife are members of the 
Protestant Episcopal church, and he is an appreciative and valued 
member of the following named and representative organizations: 
The Chicago Club, the Onwentsia Club, of Lake Forest, 111., and the 
Metropolitan and Bankers' Clubs of New York city. On the 9th of 
December, 1890, was solemnized the marriage of Mr. Barrell to 
Miss Grace M. Witbeck, of Chicago, and their only child is John 
Witbeck Barrell. 

Elzear A. Beauvais. — The Dominion of Canada has not failed to 
give a due quota of able and successful members to the Board of 
Trade of the City of Chicago, and prominent among the popular 
representatives of the Dominion is Elzear A. Beauvais, who has 
maintained his home in Chicago for nearly forty years and who 
has made this city the stage of his business activities since he was 
a young man. He has been one of the active members of the Board 
of Trade since November, 1883, and has been one of its loyal, pro- 
gressive and popular representatives, it having been his to serve as 
a member of its board of directors from 1899 to 1902. He is now 
the executive head of the firm of Beauvais & Company, which con- 
trols a general and extensive commission business in grain and 
provisions, with offices at 55 Board of Trade Building. Mr. Beau- 
vais is a descendant of one of the fine old French families that was 
founded in the Province of Quebec, Canada, many generations ago, 
and at La Prairie, that province, he was born on the 29th of March, 
1858, a son of Louis and Honorine (Brossard) Beauvais. In addi- 
tion to receiving the advantages of the parochial and public schools 
of his native town he took a course of study in the high school at 
Peterboro, Province of Ontario. In 1881, as an ambitious young 
man of twenty-three years, Mr. Beauvais came to Chicago and as- 
sumed a clerical position in the offices of the grain commission firm 
of Brosseau, Booth & Company, with which he continued until 
1887. He then formed a partnership in the same line of business 
with Auguste Brosseau, and in 1894 he became one of the principals 
in the firm of Z. P. Brosseau & Company. In this firm he remained 
until 1915, as one of the prominent and popular traders connected 
with the Board of Trade, and on the 1st of October of the year last 



38 HISTORY OF THE BOARD OF TRADE 

mentioned he organized and became the executive head of the pres- 
ent commission firm of Beauvais & Company. Mr. Beauvais is 
affiliated with DeSoto Council of the Knights of Columbus, which 
he has served most efficiently as a trustee, and he holds member- 
ship in the Canadian Club of Chicago and the Edgewater Golf Club. 
He and his family are zealous communicants of the Catholic church. 
On the 22nd of May, 1883, was solemnized the marriage of Mr. 
Beauvais to Miss Ernestine Bourassa, and of their eight children 
three sons and four daughters are living. 

Howard M. Beazell. — In September, 1916, this representative 
business man of the city of Cincinnati, Ohio, became a member of 
the Board of Trade in Chicago, and he is loyally and practically 
appreciative of the advantages afforded by this great commercial 
institution of the western metropolis. As a broker and dealer in 
high-grade investment securities and as a successful exponent of 
the commission trade in grain, provisions, etc., he conducts his busi- 
ness in an individual and independent way and is one of the promi- 
nent and influential representatives of these important lines of 
enterprise in the Queen City of the Buckeye State. As a broker 
of stocks and bonds he handles both local and New York securities, 
and he maintains a direct private wire from his offices to all financial 
centers. Mr. Beazell established his present substantial business 
enterprise on the 1st of March, 1902, and his previous experience 
specially fortified him when he directed his energies into their pres- 
ent channel, as he had been a valued attache of the Citizens' National 
Bank of Cincinnati for more than twenty years. He entered the 
employ of this staunch financial institution in 1880, won advance- 
ment to the office of assistant cashier, and continued the incumbent 
of this position until he retired to engage in his present independent 
business. In addition to holding membership in the Chicago Board 
of Trade he is similarly allied with the Cincinnati Stock Exchange. 
One of a family of six children, Howard M. Beazell was born 
in Cincinnati, Ohio, on the 17th of July, 1861, and he is a son of J. 
and Elizabeth (Smith) Beazell, who continued their residence in 
this city until their death. He to whom this sketch is dedicated is 
indebted to the public schools of his native city for his early educa- 
tional discipline, and after his course in the high school he identified 
himself zealously with business activities in Cincinnati, where, as 
before noted, he was an employe of the Citizens' National Bank from 
1880 to 1902. A progressive and liberal citizen who takes deep 
interest in all things touching the well being of his native city, Mr. 
Beazell has had no predilection for political activities or public 
office, but is found aligned as a staunch supporter of the cause of 
the Republican party. He is an appreciative and valued member 
of the Cincinnati Business Men's Club and the Cincinnati Automo- 
bile Club, and he and his wife are members of the Christian church, 
the attractive family home being in the beautiful Walnut Hill dis- 



OF THE CITY OF CHICAGO 39 

trict of Cincinnati. Mr. Beazell wedded Miss Emma T. Casey, 
daughter of the late George H. Casey, of Cincinnati, and the two 
children of this union are George H. and Robert C, both of whom 
are now associated with their father's business, as vigorous and 
popular young business men of their native city. 

Edwin Beggs. — A scion of one of the sterling pioneer families 
of Cass county, Illinois, within whose borders he passed virtually 
his entire life, the late Charles Edwin Beggs marked the passing 
years with large and worthy achievement and became one of the 
foremost representatives of the grain business in his native state, 
though he was content to eschew the attraction of a metropolitan 
center and to maintain his home in the thriving little village of Ash- 
land, Cass county, where his death occurred January 7, 1916. He 
was known and honored as one of the most prominent and influential 
citizens and leading business men of central Illinois and was one of 
the founders and upbuilders of the extensive business controlled by 
the Central Illinois Grain Company, of which he was president at 
the time of his death. Through his ability and wise and indefati- 
gable endeavors he became one of the most substantial capitalists of 
the county in which he was born and reared, and besides having 
been the sole owner and operator of a chain of thirty-three well 
equipped grain elevators through the state of lUinios he owned 
large tracts of valuable agricultural land near his home town of 
Ashland and was a citizen whose influence and ready co-operation 
were always freely given in the furtherance of all things tending to 
advance the civic and material well-being of the community. Sig- 
nally true and loyal in all the relations of life, broad in mental ken, 
sound in judgment and with an exalted sense of personal steward- 
ship, Mr. Beggs was a man who commanded at all times the confi- 
dence and respect of his fellow men, and his death was viewed with 
a sense of personal loss and sorrow by the community in which he 
had long lived and wrought and to the advancement of which he had 
contributed in most generous measure. Members of his immediate 
family still reside at Ashland, and there are maintained the general 
offices of the Central Illinois Grain Company, of which he was 
president at the time of his death and in the control of the large 
business of which two of his sons are now associated, as are they 
also in representing the concern on the Board of Trade of the City 
of Chicago. Of the Board of Trade Mr. Beggs became a member 
many years ago, and he continued his appreciative alliance with the 
same until the close of his long and useful life. Charles Edwin 
Beggs was born on a pioneer farm near Ashland, Cass county, Illi- 
nois, on the 22d of January, 1851, and thus he was nearly sixty-five 
years of age at the time of his death. He was one of the nine chil- 
dren born to James L. and Mary (Ruddell) Beggs, both natives of 
Indiana. James L. Beggs was born in Clark county, Indiana, 
November 11, 1819, and he came to the state of Illinois on the 17th 



40 HISTORY OF THE BOARD OF TRADE 

of June, 1846, in which year he became one of the pioneer settlers 
of Cass county, where he continued his active association with 
agricultural pursuits until his death. His first wife, Mary Jane, 
was a daughter of Jacob Ward, of Cass county, Indiana ; his second 
wife was Mary A. Crow, a daughter of Rev. William Crow, and his 
third wife, mother of the subject of this memoir, bore the maiden 
name of Mary Ruddell. Of the other children of James L. Beggs 
the following brief data are available: S. Ella was born June 12, 
1840; Lucy J. was born October 13, 1853; Emma R. was born 
March 11, 1855; William C. was born September 10, 1857; John L. 
was born December 13, 1858, and died May 10, 1900; George H. was 
born February 8, 1863, and died June 24, 1908; Abraham L. was 
born October 4, 1865 ; and James died December 22, 1889. Charles 
E. Beggs was reared to the sturdy discipline of the pioneer farm and 
he was afforded the advantages of the public schools of Cass county. 
Though he never abated his appreciation of the basic industry of 
agriculture and became one of its prominent exponents in his native 
state, the major part of his active career was marked by his close 
and successful identification with the grain business, of which, as 
before stated, he became one of the most prominent exponents in 
the central part of his native state. His integrity and honesty com- 
bined with his fine administrative ability to make him the ideal man 
of affairs, he stood four square to every wind that blows and there 
rests no shadow on any portion of his record as a loyal citizen and 
a remarkably successful business man. In the Central Illinois 
Grain Company his sons Frank, Edwin and John V. are ably up- 
holding the prestige of the family name and are prominent and 
valued business men of Cass county, with residence and business 
headquarters at Ashland, their native town. They now control and 
operate sixteen grain elevators. 

Mr. Beggs was a staunch supporter of the cause of the Re- 
publican party and though he had no desire for political office he 
was emphatically progressive and public-spirited in his civic atti- 
tude. 

As a young man Mr. Beggs wedded Miss Emma Beggs, and 
after her death he married Miss Jessie Wilson, who survived him 
and now resides with her sons John and Frank at the old home. He 
was an earnest member of the Methodist Episcopal church and was 
instant in kindly thoughts and kindly deed, thus examplifying his 
Christian faith in good works. Of his sons Frank E. and John V. 
are directors of the Central Illinois Grain Company, of which the 
latter is assistant secretary ; and George E., who is a civil engineer 
by profession, is now a member of the faculty of Princeton Uni- 
versity. Of the daughters Mary G., is a teacher of domestic science 
in New York city; Edistina is the wife of Henry McKeown, of 
Beardstown, Illinois ; Lutie, is attending a leading educational in- 
stitution in the city of Pittsburgh, Pennsylvania; and Virginia is a 



OF THE CITY OF CHICAGO 41 

student at Lake Forest, Illinois, and the eldest daughter Nelle is 
doing missionary work in China as Principal of the RuHson-Fish 
Memorial School in Kiukiang, Kiangsi, China. 

James E. Bemiett. — In the commission business in grain, pro- 
visions and stocks Mr. Bennett has proved himself one of the 
vigorous and resourceful figures in connection with the ponderous 
activities that are centered in Chicago, and the firm of which he is 
the head is one of the steadfast, prominent and influential concerns 
represented on the Board of Trade, his membership in which great 
commercial body had its inception in the year 1894, and which 
organization he has served as director and member of its Appeals 
Committee and Arbitration Committee. James Ewing Bennett was 
born in the city of St. Louis, Missouri, on the 3d of April, 1871, and 
is a son of Thomas and Jennie (Ewing) Bennett, who established 
their residence in Chicago in the year 1882, the father having here 
become a prominent and successful exponent of the brokerage trade 
in grain and provisions. He whose name initiates this review 
acquired his earlier educational discipline in the public schools of 
St. Louis and Chicago, and efifectively supplemented this by a 
course in the Chicago Manual Training School, in which he was 
graduated as a member of the class of 1890. In the following year 
he began his novitiate in connection with business afifairs, by enter- 
ing the employ of the West Seattle Street Railway Company, of 
Seattle, Washington. With this corporation he continued his serv- 
ice until 1893, when he returned to Chicago and assumed a position 
in the offices of the brass foundry of Bennett & Johnson, but in the 
following year he became associated with the grain and provision ■ 
commission firm of Thomas Bennett & Company, of which his 
father was the head. With characteristic vigor and ambition he 
gave his attention to gaining commanding information concerning 
the manifold details of this important line of commercial enterprise, 
and thus he was well fortified when, after the death of the father, 
in 1900, he became sole proprietor of the business developed by this 
firm. He individually continued the business until the 1st of Janu- 
ary, 1909, when a reorganization was efifected and the present firm 
title of James E. Bennett & Company was adopted. Mr. Bennett 
has worthily won and maintained high reputation and success in his 
chosen sphere of endeavor and is one of the valued and highly 
esteemed representatives of the Board of Trade. He holds active 
membership in the Chicago Athletic and the South Shore Country 
Clubs. April 8, 1902, recorded the marriage of Mr. Bennett to Miss 
Bertha Bogue, of Chicago. 

Matthew D. Benzaquin. — In November, 1915, the Chicago 
Board of Trade gained as one of its members the vigorous and pro- 
gressive grain brokerage and commission merchant whose name 
introduces this paragraph, and who is one of the prominent and in- 
fluential exponents of this important line of commercial enterprise 



42 HISTORY OF THE BOARD OF TRADE 

in the city of Boston, Massachusetts, with offices at 109 Chamber 
of Commerce. He is a member of the Grain Dealers' National Asso- 
ciation and the Boston Chamber of Commerce, and virtually his 
entire business career has been marked by close association with 
the grain business in its commercial phases, so that he has gained 
authoritative knowledge concerning all details of this line of enter- 
prise, and is one of the progressive business men of the younger 
generation in the metropolis of the Bay state. Mr. Benzaquin was 
born in Boston on the 18th of May, 1879, and is a son of David and 
Hester (Bennett) Benzaquin, his father having long been a prosper- 
ous cigar manufacturer in this city and still continuing his active 
connection with business affairs. After duly availing himself of 
the advantages of the public schools Matthew D. Benzaquin prose- 
cuted a higher course of academic study in Hanover College, and in 
this institution he was graduated with the degree of Bachelor of 
Arts. In 1887, he assumed a clerical position in the office of the 
well known grain brokerage firm of B. K. Reed & Company, and 
he continued his alliance with the same for more than twenty years, 
within which he advanced to specially confidential and responsible 
executive position, the while he gained most comprehensive and 
accurate knowledge of the business in all of its ramifications and 
thus was admirably fortified when, in the autumn of 1909, he en- 
gaged independently in the same line of enterprise, in which his 
success has been of unequivocal order. He is a Republican in 
politics, a loyal and public-spirited citizen and an able and pro- 
gressive business man who commands the confidence and good will 
of those with whom he has come in contact in the various relations 
of a signally active and successful career. Both he and his wife 
are members of the Unitarian church and the family home is in the 
beautiful suburb of Brookline. Mr. Benzaquin wedded Miss Bessie 
L. Quimby, a daughter of George Quimby, of Boston, and the one 
child of this union is Robert B. 

Watson Franklin Blair. — In preparing a review of the careers 
of prominent men in connection with the Board of Trade of the 
City of Chicago, none are more worthy of mention in a work of 
this character than Watson F. Blair, for many years an active 
member of the organization, and one of the city's most conserva- 
tive financiers. He has not only achieved notable success in busi- 
ness, but is a leading light in the social and charitable life of the 
city, and his progressive spirit is evident in many ways. He came 
to Chicago when he was young; he has grown up with the city 
and has helped to make it grow, and he typifies to the fullest extent 
the real Chicago spirit. Mr. Blair was born in Michigan City, 
Indiana, January 29, 1854, a son of Chauncey B. and Caroline O. 
(DeGrofT) Blair, and comes of a long line of prominent New Eng- 
land ancestry of Scoth-Irish lineage, which dates back to the 
colonial epoch in American history. The progenitor of the family 



OF THE CITY OF CHICAGO 43 

in this country was Robert Blair, of County Antrim, Ireland, who 
settled in Worcester County, Massachusetts, about 1718, and the 
line of descent is as follows: Robert (I.), Robert (II.). Rufus 
(III.), Samuel (IV.), Chauncey B. (V.) and Watson F. (VI.). 
The name of Blair has long been identified with the industrial and 
financial development of Chicago, Chauncey B. Blair, father of our 
subject, being a leading factor in the financial life of the city for 
many years, while his sons have developed along the same line, 
and are all men of large aflfairs. After completing his education at 
Willeston Seminary, East Hampton, Massachusetts, Watson F. 
Blair began his business career in the packing house of Culbertson, 
Blair & Co., of this city, and remained with that firm until its dis- 
solution in 1876. The following year he embarked in a grain com- 
mission business under the title of Blair & Co., and for thirteen 
years was one of the active and successful operators on the Board 
of Trade, having become a member of the organization in 1876. 
In 1890 he retired from active operation on the Board in order to 
give more time to the investment of his capital and the furtherance 
of the various interests with which he is identified, though he 
remained a member until February 17, 1915. During his identifi- 
cation with the Board of Trade his knowledge of grain and con- 
servative dealing commanded the respect and confidence of every 
cash grain firm in the trade, and his name in connection with any 
transaction was considered a guarantee for straightforward and 
honorable dealing. A man of unusual public spirit, interested in 
local affairs and proud of the city in which much of his active and 
mature manhood has been passed, Mr. Blair is a powerful factor 
in the furtherance of any measure which has for its aim the 
advancement of the people or the betterment of existing condi- 
tions. He is Vice-President of the Children's Memorial Hospital, 
and for many years has been a generous contributor to that insti- 
tution. He is also Vice-President of the Field Museum of Natural 
History, and is interested in all that pertains to modern improve- 
ments along material, intellectual and moral lines. He was a 
Director in the Merchants National Bank for several years prior 
to its consolidation with the Corn Exchange National Bank, in 
1903, and since that date has been a director in the latter institu- 
tion. He has always been deeply interested in Chicago's welfare, 
and at all times his sympathy and support have been with the 
measures that in any way benefit the Western Metropolis. A man 
of strong convictions of what is right and wrong, he is unfaltering 
in his opposition to a course which he deems inimical to the best 
interests of the country and people, and is entirely fearless of 
criticism and public opinion when he believes he is right. On 
November 15, 1883, Mr. Blair was united in marriage with Miss 
Alice Rose Keep, of Chicago, a woman of exceptional mental 
capacity and much beauty of character. Her parents, William and 



44 HISTORY OF THE BOARD OF TRADE 

Frances A. (Rhoades) Keep, were both worthy representatives of 
prominent old New York state famiHes and were pioneers of Chi- 
cago. To Mr. and Mrs. Blair have been born four children: 
Beatrice, Alice Rose, Watson Keep and Wolcott, the first two of 
whom are deceased. For many years Mr. Blair and his family 
have spent considerable time in Europe, but maintain their resi- 
dence at 720 Rush Street, Chicago. Aside from his business asso- 
ciations he has long been a leading factor in social life, and is 
identified with many of the leading clubs of Chicago, New York, 
and also of Europe. He is a member of the Chicago, Chicago Golf, 
Onwentsia, Chicago Athletic, and the Saddle and Cycle clubs of 
Chicago, the Union, Metropolitan, New York Yacht, Brook and the 
Automobile Clubs of New York, the Hurlingham Club and the 
Royal Thames Yacht Club of London, England, and the Travelers 
Club of Paris, France. He was founder of the National Golf Links of 
America. Both at home and abroad he is recognized as a man of 
earnest purpose and progressive principles, and his friends, who 
are legion, entertain for him the warmest regard. 

Herbert J. Blum. — Associated with Gardiner B.Van Ness in the 
commission and brokerage business, Herbert James Blum has 
status as one of the vigorous and popular younger members of the 
Board of Trade of his native city and is distinctly eligible for spe- 
cific representation in this publication. He was born in Chicago 
on the 29th of December, 1881, and is a son of August and Edith 
(Bromfield) Blum. His early educational advantages included not 
only those of the public schools but also of Armour Institute, and 
on the 1st of July, 1897, about six months prior to his sixteenth 
birthday anniversary, he assumed the post of messenger boy in 
the Union National Bank. When this institution was absorbed by 
the First National Bank Mr. Blum continued in the employ of the 
latter and won advancement through efficient service. He con- 
tinued his connection with this great Chicago financial institution 
until 1906, on the 23d of August of which year he became a mem- 
ber of the Board of Trade and associated himself with the sub- 
stantial commission business conducted by Gardiner B. Van Ness, 
with whom he has since maintained this effective alliance. January 
1, 1917, the newly incorporated house of the Gardiner B. Van Ness 
Company began business with Mr. Blum as Vice-President and 
Treasurer. Mr. Blum has always taken an active and loyal interest 
in the welfare and the advancement of the great commercial insti- 
tution, in which he has membership, and at the annual election of 
the Board of Trade, January 9, 1917, he was elected a Director 
for a period of three years. On the 5th of July, 1905, was recorded 
the marriage of Mr. Blum to Miss Hazel Rose, and they have one 
child, Janet Pattison Blum. 

William B. Bogert — It has been within the province of Mr. 
Bogert to have maintained active association with the Board of 



OF THE CITY OF CHICAGO 4S 

Trade of the City of Chicago for more than thirty years, and that 
he has been influential in its affairs needs no further voucher than 
the statement that he served as a member of its Directorate from 
1897 to 1899 and that he was chairman of its Executive Committee 
in 1898-9. By careful, energetic and well ordered operations he has 
long held precedence as one of the successful and representative 
figures in the grain commission trade in Chicago, and his activities 
have included also a general brokerage in provisions, cotton and 
stocks. William Benezet Bogert is a scion of a sterling old colonial 
family in America, the lineage on the paternal side tracing back 
to the staunch Holland Dutch stock, and a definite pride may be 
his in the historic distinction reflected upon him through the service 
of his ancestors in the early colonial wars as well as the war of 
the Revolution. Mr. Bogert was born in the city of Providence, 
Rhode Island, on the 2d of October, 1860, and in his native city 
he was graduated in Brown University, as a member of the class 
of 1882. In the same year he engaged in the cotton manufactur- 
ing business at Taftville, Connecticut, where he remained until 1884, 
when he disposed of his business interests in the east and estab- 
lished his home in Chicago. Here he became one of the principals 
in the commission firm of Carrington, Patten & Co., and incidentally 
formed forthwith an active alliance with the Board of Trade, of 
which he has continued a loyal and honored member during the 
long intervening years. After severing his association with the 
firm mentioned he became the executive head of the firm of Bogert, 
Maltby & Co., brokers in grain, provisions, stocks and cotton, and 
after the business had expanded to such proportions as to make 
expedient its incorporation, under the original title, Mr. Bogert 
became President of the company. This office he continued to hold 
many years, since which time he has continued his commission oper- 
ations in an independent way and with the attendant success that 
has marked his entire career since he became identified with this 
important line of commercial enterprise. Mr. Bogert is an appre- 
ciative member of the Chicago chapter of the Society of the Sons 
of the Revolution, of which he has served as president, and he 
is also an active member of the Society of Colonial Wars. He is a 
member of the Union League Club of Chicago, of which he was 
a Director from 1909 to 1911, and he holds membership in the 
Chicago Athletic Club, the Evanston Country Club, the 
Glen View Club, and the University Club of Evanston, of 
which last mentioned organization he served as President in 1906-7 
and in 1910-11. In June, 1887, was solemnized the marriage of 
Mr. Bogert to Miss Ella Loomis, of Springfield, Massachusetts, 
and the three children of this union are: William Benezet, Jr., 
Theodore Loomis and Frances Hoyt. Mrs. Bogert died December 
25, 1909, and on January 7, 1914, Mr. Bogert was united in mar- 
raige with Caroline Woods, of Louisville, Kentucky. 



46 HISTORY OF THE BOARD OF TRADE 

Alfred V. Booth. — It has been given to Alfred Vernon Booth 
to gain more than incidental prominence and influence in con- 
nection with the operations of the Board of Trade and as a repre- 
sentative of the commission business in grain and provisions. He 
has been an active and popular member of the Board of Trade since 
1889, and has since 1892 been independently engaged in business 
as a broker in grain and provisions, besides which he has special 
prestige as the principal broker in memberships on the great com- 
mercial organization with which he is thus identified. He is the 
executive head of the representative commission firm of A. V. 
Booth & Co., and in his chosen field of commercial enterprise his 
success has been on a parity with his recognized ability and his 
inviolable integrity of purpose. Alfred Vernon Booth was born in 
the city of Dubuque, Iowa, on the 25th of May, 1865, and is a son 
of Sidney and Anna (Porch) Booth. He was a boy at the time of 
the family removal to San Francisco, California, where he acquired 
his early education in the public schools and where in his youth 
he initiated his business career by assuming the position of purser 
on a steamer operated by the California Transportation Company. 
About one year later, in 1883, when eighteen years of age, Mr. 
Booth came to Chicago and entered upon his novitiate in connec- 
tion with the grain commission business. He began as a mes- 
senger boy in the employ of the firm of Brosseau, Booth & Co., 
and thereafter his progressive steps in connection with this line of 
enterprises were marked by his association in turn with W. S. 
Booth & Co., John W. Hepburn & Co., H. G. Gaylord & Co. and 
C. A. Wyland & Co. In 1893 Mr. Booth established himself in an 
independent business as a broker, and for a number of years he 
gave special attention to business of the long-time privilege order. 
In May, 1901, he became the head of the present prominent and 
important commission firm of A. V. Booth & Co., which maintains 
offices in both Chicago and Milwaukee, and which controls a large 
and substantial business of the best order. As a loyal and public- 
spirited citizen of well fortified convictions, Mr. Booth gives 
staunch allegiance to the Republican party ; he and his wife are 
communicants of the Protestant Episcopal church, and he holds 
membership in the South Shore Country Club and the Swan Lake 
Club. On the 12th of October, 1892, in the city of Milwaukee, 
Wisconsin, was solemnized the marriage of Mr. Booth to Miss Ada 
Bercry, and they have one son, Alfred Bercry Booth. 

Henry Botsford. — No slight distinction is that pertaining to 
Mr. Botsford in connection with the history and operations of the 
Board of Trade of the City of Chicago, for he is now one of its 
oldest living members, his association with this great commercial 
organization having had its inception in 1858, when its vigorous 
little company of members could have had slight prescience of the 
marvelous advancement and great influence it was destined to 



OF THE CITY OF CHICAGO 47 

wield in one of the greatest cities of the world. Mr. Botsford has 
passed the age of four score years, but his mental and physical 
vigor gives denial to this fact, and he is one of the venerable and 
honored citizens and veteran men of affairs in the western metrop- 
olis, and is one of those whose virile powers have been potent in 
the furtherance of civic, commercial and industrial development 
and progress in the city that has been his home and the stage of 
his fruitful activities for more than sixty years and in which he 
gained special prominence and definite success in connection with 
the meat-packing industry. With this line of enterprise he became 
identified in 1863, and the conditions obtaining during the further 
progress of the Civil War made the business specially successful. 
For a period of fully forty years Mr. Botsford continued as one 
of the prominent and influential representatives of the great pack- 
ing industry centered in Chicago, and in this city his capitalistic 
interests at the present time are large and varied. Mr. Botsford 
reverts to the Wolverine State as the place of his nativity, and 
is a representative of one of the sterling pioneer families of that 
favored commonwealth. He was born at Ann Arbor, Washtenaw 
county, Michigan, the seat of the great University of Michigan, 
and the date of his birth was July 30, 1834. He was afforded good 
educational advantages in his youth and in 1855, shortly after 
attaining his legal majority, he came to Chicago. For the first 
three years he gave his attention principally to the buying of grain 
in the country districts, and mostly for the Chicago market. 
Gradually he expanded the scope of his operations and in 1858 
he became a member of the Board of Trade. His activities were 
virtually confined to the grain trade until 1863, when, as previously 
noted, he engaged in the packing of hogs. Thus he is to be con- 
sistently designated not only as a pioneer member of the Board 
of Trade but also in connection with the great meat-packing indus- 
try that has been one of the most important elements in furthering 
the commercial precedence of this city. His business career has 
been in all stages marked by discrimination, due conservatism 
and impregnable integrity, and thus he naturally holds high 
place as one of the veteran business men and honored citizens of 
Chicago. 

Joseph H. Bourassa. — On the 6th of January, 1894, Joseph 
Hubert Bourassa assumed the prerogatives of active membership 
of the Board of Trade of the City of Chicago, and he has since 
continued as one of the progressive and successful of the grain 
commission trade in the western metropolis. He is a scion of fine 
old French ancestry and was born at LaPrairie, Province of 
Quebec, Canada, on the 12th of October, 1872, a son of Alexander 
and Marie (Brosseau) Bourassa. He acquired his early education 
in the parochial and public schools of his native province, and in 
1888 was graduated in a well ordered commercial college in the 



48 HISTORY OF THE BOARD OF TRADE 

city of Montreal. Thereafter he held a clerical position in a lead- 
ing banking institution in Montreal until 1891, when he came to 
Chicago and associated himself with the well-known grain broker- 
age firm of Brosseau & Co., with which he continued his alliance 
until 1900. He then formed a partnership with Auguste Brosseau, 
under the firm title of J. H. Brosseau & Co., and since 1915 he has 
been actively associated with Beauvais & Co., which controls a 
large and successful general commission business in grain. Mr. 
Bourassa is a popular and appreciative member of the Chicago 
Athletic Club and the Edgewater Golf Club, and his religious faith 
is that of the Catholic church, in which he was reared. On the 
31st of July, 1905, was solemnized the marriage of Mr. Bourassa 
to Miss Minnie Peters Clark, of Chicago. They have no children. 
Benjamin W. Bradley. — On the 1st of May, 1885, one month 
after the anniversary of his twenty-second birthday, Mr. 
Bradley was made a member of the Board of Trade of the 
City of Chicago, and during the long intervening years he has 
maintained a worthy prestige as one of the able and successful 
traders actively concerned with the operations of this great and 
representative commercial organization. On the Board he has 
efficiently represented the firms of Culver & Co. and C. B. Congdon 
& Co. in former years, and he is at the present time a member of 
the well known commission and brokerage firm of Hulburd, War- 
ren & Chandler, the interests of which he handles on the Board 
of Trade, the offices of this representative firm being at 208 South 
LaSalle Street. Mr. Bradley claims the State of Wisconsin as the 
place of his nativity and is a scion of one of its sterling pioneer 
families. He was born at Brodhead, Green county, that State, on 
the 1st of April, 1863, and is a son of William W. and Marilla A. 
(Taft) Bradley, who removed to Chicago when he was about nine 
years of age, the greater part of the active career of his father 
having been as a contractor associated with early growth of Engle- 
wood. Benjamin W. Bradley was afforded the advantages of the 
public schools of Englewood, and, as indicated in a preceding para- 
graph, he has been concerned with the brokerage business since 
his youth. He has gained and retained a high place in the con- 
fidence and good will of the members of the Board of Trade, the 
while he stands forth as a man who is loyal to its traditions and 
ideals and appreciative of the functions which it exercises in the 
domain of commerce and finance. He has been identified with 
the firm of Hulburd, Warren & Co. since 1905 and is essentially 
one of the able and representative members of the great organiza- 
tion to which this publication is dedicated and devoted. Mr. Brad- 
ley holds membership in the Hamilton Club, one of the representa- 
tive civic organizations of the western metropolis, and also in the 
Flossmor Club and the South Shore Country Club. On the 2d 
of August, 1887, was solemnized the marriage of Mr. Bradley to 



OF THE CITY OF CHICAGO 49 

Miss Margaret M. McKelvey, and they reside at 5529 Hyde Park 
Boulevard. 

Bernard G. Brennaru — The instinct and capacity for progres- 
sive achievement have been significantly shown forth in the career 
of the President of the Brennan Packing Company, and this execu- 
tive head of one of the large and important industrial and commer- 
cial enterprises represented in connection with the operations that 
have given Chicago a foremost position in the packing and pro- 
vision trade of the world, is he who figures as the subject of this 
brief review. It is not within the assigned province of this pub- 
lication to enter into details concerning the ramifications and 
influential activities represented by the Brennan Packing Company, 
but it may be consistently stated that this concern is one of the 
representative institutions of the packing and provision trade that 
has its world center in the city of Chicago, and that its President 
has advanced to his present position of prominence in the domain 
of industrial and commercial enterprise by the assertion of the 
powers of a vigorous, resourceful and versatile personality. His 
character and his accomplishment give him high place among the 
captains of industry of the great western metropolis, and as he 
has been an appreciative and valued member of the Board of Trade 
since 1907 he is well entitled to recognition in this history. Mr. 
Brennan was born at Sparta, Monroe county, Wisconsin, in the 
year 1864, and is a son of James and Mary Brennan. In his native 
state he gained his early education in the public schools and there 
he was associated with the basic industry of farming from his youth 
until his ambition and resolute purpose opened for him the way to 
broader activities and more notable achievement. Mr. Brennan 
has been a resident of Chicago since 1883, and he has been the man 
of judgment, energy and progressiveness through whose efforts 
largely has been developed the extensive and prosperous com- 
mercial enterprise now controlled by the company of which he is 
President. He is one of the broad-gauged, loyal and public-spirited 
citizens of Chicago, and his genial personality has gained to him 
a circle of friends that is virtually limited only by that of his 
acquaintances. He is a member of the Chicago Club, the South 
Shor^ Country Club, the Saddle and Sirloin Club, and the Beverly 
Golf Club. Both he and his wife are earnest communicants of the 
Catholic church. On the 15th of July, 1913. was solemnized the 
marriage of Mr. Brennan to Miss Elizabeth Grace, and they have 
two children, namely : Bernard T. and Rosemary. 

John E. Brennan. — As a member of the firm of Brennan & 
Garden, engaged in the general grain commission business, Mr. 
Brennan is one of the representative younger exponents of this 
important line of enterprise in his native city and is giving his 
attention exclusively to the cash grain trade. He whose name 
initiates this paragraph is one of the appreciative and active mem- 



50 HISTORY OF THE BOARD OF TRADE 

bers of the Board of Trade, on which he has held a seat since 1905, 
and he is now serving as a member of the Appeals Committee of 
the great commercial body to which this work is devoted. Mr. 
Brennan was born in Chicago on the 1st of May, 1880, and is a son 
of Patrick and Catherine Brennan. After having availed himself 
of the advantages of St. Joseph parochial school he pursued a higher 
course of study in St. Ignatius College, one of the leading 
Catholic educational institutions of his native city. He has been 
identified with the grain commission business from the inception 
of his active career, and has become one of the able and repre- 
sentative figures in the cash grain business incidental to the opera- 
tions of the Board of Trade. He is affiliated with the Knights of 
Columbus, and both he and his wife are communicants of the 
Catholic church. On the 23d of June, 1909, was solemnized the 
marriage of Mr. Brennan to Miss Catherine E. Moore, and they 
have three children: Catherine Dorothy, Ruth Mary and John 
E., Jr. 

Patrick Brennan. — Among those whose able and progressive 
activities have contributed primarily to giving Chicago precedence 
as the world's great center of the packing and provision industry, 
a place of due relative priority must be given to the sturdy, vigor- 
ous and representative captain of industry whose name initiates 
this paragraph and whose large and worthy success stands as the 
concrete voucher for his energy, good judgment and progressive- 
ness. Mr. Brennan is by nature and judgment an optimist, and 
during the long years of a significantly earnest, active and success- 
ful business career he has never lost his buoyancy and democracy 
of spirit, which have not only tended to conserve his advancement 
and success but which also have conspired to gain to him a host of 
staunch and valued friends. He is one of those indomitable per- 
sons to whom success comes as a natural prerogative, and his 
advancement in the world has been won entirely through his own 
ability and well ordered endeavors. He has been concerned with 
the activities of the Union Stock Yards of Chicago for nearly forty 
years, and soon his ambition and determination led him into inde- 
pendent operations that were to lead him onward to the goal of 
definite prosperity and large influence in connection with the indus- 
trial and commercial lines of enterprise of which he is now a promi- 
nent exponent at the Stock Yards, where he is President of the 
Independent Packing Company, one of the important concerns at 
that great hive of industrial enterprise. His active identification 
with the Board of Trade of the City of Chicago has continued since 
1913, and in the same his circle of friends is limited only by that 
of his acquaintances, for his character and record of achievement 
have given him secure vantage place as one of the representative 
men of affairs in the great western metropolis. Patrick Brennan 
was born in County Mayo, Ireland, on the 4th of May, 1861, and 




» 



C_^/^-!^^^t.,<=-/ I 



j 



OF THE CITY OF CHICAGO 51 

is a son of James and Mary (Flannery) Brennan. He was about 
three years old at the time of his parents' immigration to the United 
States, and the family home was established in Sparta, Wisconsin, 
where he was reared to adult age and where he gained his early 
education in the parochial and public schools. In 1878, when about 
seventeen years of age, this ambitious young son of the fair Emerald 
Isle, found employment at the Union Stock Yards in Chicago, and 
it may consistently be said that his progress as a man of affairs 
has kept pace with the development and growth of this splendid 
industrial institution that has had much to do with the civic and 
commercial advancement of Chicago. Within a short time Mr. 
Brennan proved his self-reliance and ambitious purpose by draw- 
ing forth from the lines of mere employes to test his powers as a 
dealer in live stock. He proved versatile and resourceful in his 
operations along this line and his activities gradually and substan- 
tially expanded in scope and importance with the passing years. 
In 1897 Mr. Brennan effected the establishing of a well-equipped 
slaughter house and minor packing house by organizing the 
National Provision Company, which soon assumed a prominent 
place in connection with the operation at the Stock Yards and 
which had developed a large and important business at the time 
when its plant was totally destroyed by fire, in the summer of 
1904. Mr. Brennan, who had been the executive head of the con- 
cern, has not an iota of the fiber that makes discouragement an 
incident of disaster, and he forthwith girded himself for the win- 
ning of greater and more important victories in his chosen sphere 
of endeavor. He at once brought about the organization of the 
Independent Packing Company, of which he has since continued the 
President, and which under his vigorous control has gained place 
among the large and important concerns represented in the pon- 
derous activities of the Union Stock Yards. In the analysis of the 
career of Mr. Brennan interpretation follows fact in a straight line 
of derivation, and there can be no conjecturing as to the reasons for 
or causes of his success. He has won through hard work, close 
application and effective commanding of the forces with which he 
has had to do, and he is one of those strong and democratic men who 
have not only compelled but also merited success. With naught of 
desire and with no time to enter the turbulence of practical poli- 
tics, or to seek official preferment, Mr. Brennan has never failed 
in his manifestation of distinctive civic loyalty and public spirit 
and has given his political allegiance to the Democratic party. 
Reared in the faith of the great mother of Christendom, he is 
a communicant of the Catholic church, as is also his wife, and among 
the representative civic organizations with which he is identified 
may be noted the Knights of Columbus, the South Shore Country 
Club and the Chicago Athletic Club. On the 9th of February, 
1882, was solemnized the marriage of Mr. Brennan to Miss Annie 



52 HISTORY OF THE BOARD OF TRADE 

M. Boggie, of Chicago, and of their ten children nine are living: 
John, Patrick, Mary L. (who entered the convent and is now Sister 
Mary of Mount Carmel of the order of the Good Shepherd), 
Thomas V., Edward, Clement, Raymond, Mary R. and Joseph J. 
Edward L. Brewster. — More than half a century ago there 
came from the state of New York to Chicago an ambitious, ener- 
getic and well fortified young man who was destined to win through 
his well ordered endeavors a large measure of success and prestige 
in connection with the business activities of the future metropolis of 
the west. That youth was the late Edward Lester Brewster, who 
was at the time of his death one of the representative bankers and 
brokers of Chicago and who had long wielded much influence in 
the financial and commercial circles of the great city that became 
his home when it was little more than an overgrown village. He 
kept pace with and aided in the development and upbuilding of 
Chicago, was a steadfast, loyal and public-spirited citizen, and was 
for many years an active member of the Board of Trade, so that 
his name merits place on its roll of honor and he is worthy of 
definite and appreciative tribute in this history. At the time of his 
death, which occurred March 21, 1911, Mr. Brewster was a special 
partner in the banking and brokerage firm of Russell, Brewster & 
Company, and was a director of the Commonwealth Edison Com- 
pany. Edward L. Brewster was born at Brockport, Monroe county, 
New York, on the 22d of June, 1842, and was a lineal descendant 
of Elder William Brewster, the historic leader of the Pilgrims who 
first colonized in New England. Mr. Brewster's parents, Frederick 
William and Jeanette (Downs) Brewster, passed their entire lives 
in the state of New York, and in the schools of his native place he 
acquired his early educational discipline, which included a course 
of study in the Brockport Collegiate Institute. At the age of fifteen 
years he obtained employment as clerk in a drygoods store and 
about a year later he left his native town and removed to the city 
of Buffalo, where he obtained a clerical position in the leading 
insurance agency of the place and period. In the experience gained 
in this connection he fortified himself for greater responsibilities 
and in the meanwhile he further manifested his ambitious purpose 
by taking a course in a commercial college at Buffalo. Concerning 
his career in Chicago a most effective estimate is given in a sketch 
of his life that appears in the History of Chicago and Its Builders, 
issued by the S. J. Clarke Publishing Company, and the data touch 
so closely the history of the Board of Trade as well as denote so 
well the activities of Mr. Brewster, that it is but consistent to make 
somewhat liberal quotation from the article mentioned ; though 
paraphrase will be indulged as well as incidental elimination : "Well 
equipped in practical and theoretical education, Mr. Brewster had 
no difficulty in securing employment on his arrival in Chicago, in 
November, 1860. His first engagement was in the banking house 



OF THE CITY OF CHICAGO S3 

of Edward L. Tinkham & Company, and from that day on Mr. 
Brewster was either directly or indirectly identified with the bank- 
ing interests of Chicago until the close of his long and worthy life. 
During the eight years following the discontinuance of the banking 
business of the concern just noted, Mr. Brewster was variously 
employed, finally becoming a clerk in the Third National Bank, 
where he remained two years. In January, 1868, he became asso- 
ciated with Samuel P. Farrington in establishing the wholesale 
grocery house of Farrington & Brewster. This business was suc- 
cessful, and though heavy losers in the great fire of 1871, the firm 
paid every dollar of its obligations at maturity and continued the 
business as before. On July 1, 1872, Mr. Brewster retired from the 
firm to engage in a general banking and brokerage business. He 
organized the firm of Wrenn & Brewster, which developed a pros- 
perous business, successfully weathered the great financial panic 
of 1873 and which continued operations until January, 1876, when 
it was dissolved. Mr. Brewster immediately opened a new office 
and continued independently in the same line of operations. From 
this time on he grew in public favor as a judicious and thoroughly 
reliable financier. Prosperity came to him as a natural sequence, 
so that he was enabled to absorb the Chicago business of Gwrynne 
& Day of New York, bankers, in 1883. Charles C. Yoe was ad- 
mitted to partnership, and the business was thereafter conducted 
under the firm name of Edward L. Brewster & Company. Mr. 
Brewster was an influential member of the Board of Trade, with 
which he became thus identified in 1873, and in 1881 he became a 
member of the New York Stock Exchange. He was one of the 
principal promoters and a charter member of the Chicago Stock 
Exchange, was for many years a member of its Governing Com- 
mittee and was at one time its President. Mr. Brewster became a 
stockholder in many of the large enterprises, banks and corporations 
in and about Chicago, but uniformly declined a place as Director of 
any of these except the Commonwealth Edison Company, the larg- 
est corporation of its kind in the world. The firm of Edward L. 
Brewster & Company continued to expand the scope and importance 
of its business from year to year until it ranked among the foremost 
of similar concerns in the west. In July, 1904, upon Mr. Brewster's 
retirement from active business, the firm of Edward L. Brewster & 
Company was succeeded by Russell, Brewster & Company, Edward 
P. Russell, long a partner in the old firm, and the only surviving 
son, Walter S. Brewster, are with C. L. Peniston, the principals in 
the firm that continues the important business of which the father 
was a founder." Edward L. Brewster was identified with an ap- 
preciable number of the leading clubs of Chicago, and among the 
more noteworthy of those on whose rolls his name appeared may be 
mentioned the Chicago Club, the Chicago Athletic Club, the old 
Calumet Club, and Washington Park Club, and also the Union 



S4 HISTORY OF THE BOARD OF TRADE 

League and Metropolitan Clubs of New York city. On the 12th of 
November, 1866, was solemnized the marriage of Mr. Brewster to 
Miss Mary Niles, daughter of Hiram Niles, of Buffalo, New York. 
Of the six children of this union only two are living, Walter Stanton 
Brewster, of the firm of Russell, Brewster & Company; and Mrs. 
I. Newton Perry. Walter S. Brewster was graduated in Yale Uni- 
versity in 1895, with the degree of Bachelor of Arts, and is proving 
an able successor of his father in the banking and brokerage busi- 
ness in Chicago. He is a member of both the Chicago and the New 
York Stock Exchanges and is one of the representative business 
men of the city that has represented his home during his entire life 
thus far. 

Louis C. Brosseau. — A son of Zenophile P. Brosseau, an hon- 
ored figure in the operations of the Board of Trade for many years 
and one of whom specific mention is made on other pages of this 
work, Louis Charles Brosseau has well upheld the high reputation 
of the family name in connection with the grain commission busi- 
ness in his native city and also as a vital and popular representative 
of the younger contingent of members of the Board of Trade. He 
is serving as a director of this great commercial organization in 
1916, and his popularity and influence are further indicated by the 
fact that he is serving simultaneously as a member of the com- 
mittees on real estate, legal advice, violation of rules, inspection, 
and members' rates. In his activities as a broker and prominent 
representative of the commission trade he is one of the interested 
principals in the firm of Brosseau & Company. Mr. Brosseau was 
born in Chicago on the 26th of June, 1886, and is a son of Zenophile 
P. and Elizabeth L. Brosseau. His educational advantages were of 
the best order, as is evidenced by the fact that he received from 
St. Ignatius College, Chicago, the degree of Bachelor of Arts and 
in 1907 was graduated from historic old Harvard University, from 
which likewise he received the degree of Bachelor of Arts. It is in- 
teresting to record that in 1916 he was Vice-President of the Har- 
vard Club of Chicago, and that previously he had served as secre- 
tary of this representative social and fraternal organization, in 1911, 
1912 and 1914. He is actively identified also with the University 
Club of Chicago and the Edgewater Golf Club, both he and his wife 
being communicants of the Roman Catholic church. On the 26th 
of April, 1913, was solemnized the marriage of Mr. Brosseau to Miss 
Helen Elizabeth Geraghty, of Chicago. 

Zenophile P. Brosseau. — The honored subject of this memoir 
was one of the veteran and influential members of the Board of 
Trade at the time of his death, and during the long period of his resi- 
dence in Chicago he stood exponent of the finest type of loyal citi- 
zenship, as a man of superior intellectuality and distinc- 
tive business acumen. His name was given place on the 
roster of members of the Board of Trade for more than 





':r^ 



OF THE CITY OF CHICAGO SS 

half a century, and we was the founder of the still ex- 
istent firm of Brosseau & Co., the substantial commission 
business of which has been continued since his death by Leonard A. 
and Louis Charles Brosseau. A scion of fine old French lineage, 
Mr. Brosseau possessed in marked degree the gracious courtesy and 
consideration so typical of the race from which he sprung, and, 
alert and buoyant of mind, he expressed in his personality the courtly 
and dignified gentleman of the ancient regime. He came to Chicago 
in the year 1860 and in the following year became a member of the 
Board of Trade, so that he was consistently to be designated as one 
of its pioneer representatives at the time of his demise, after he 
had passed the psalmist's span of three score years and ten. Mr. 
Brosseau was born at La Prairie, Province of Quebec, Canada, in 
October, 1840, and was a son of Louis and Marguerite (Sainte 
Marie) Brosseau, representatives of old and honored families of that 
province. In the schools of his native place Mr. Brosseau acquired 
his early education, which was later broadened in an effective way 
by his self-application and by the experiences of a signally active and 
successful life. When he was fifteen years of age he went to the 
State of New York, where he found employment in a mercantile 
establishment at Malone, Franklin County. He continued his resi- 
dence in the Empire State until 1860, when, as an ambitious youth 
of twenty years, he came to Chicago, where he identified himself 
with the business activities of the community, the population of 
the city having been at that time little more than one hundred 
thousand. In the year 1861 he enrolled himself as a member of 
the Board of Trade, and he became one of the successful operators 
in the grain business, in which he continued his activities until the 
city met disaster and all lines of business were disrupted by the ever 
memorable fire of 1871. He manifested the spirit of courage and 
determination that proved so pervading and influential in bringing 
about the rehabilitation of the prostrated city, and he kept pace 
with its development and progress toward the goal of great metro- 
politan importance. He was the founder of the commission firm 
of Brosseau & Co. and continued his active identification with the 
same until the close of his long and useful life, with inviolable van- 
tage place in the confidence and good will of the members of the 
Board of Trade, the splendid commercial body in whose upbuilding 
he gave effective co-operation. The political allegiance of Mr. 
Brosseau was given to the Democratic party, and he was a broad- 
minded and progressive citizen who took deep interest in all things 
pertaining to the wellbeing of the city of his adoption. He held 
membership in a number of distinguished French organizations, 
having been Officier du Merite Agricole ; Chevalier de la Legion 
d'Honneur ; Officier d'Academie, in France ; and he served as Presi- 
dent of the Societe de Bienfaisance des Illinois, as well as rendering 
similar service with I'Alliance Frangaise. He took special interest 



56 HISTORY OF THE BOARD OF TRADE 

in literature and was an avidious student and reader, besides whicli 
he was called upon to serve as a member of the Board of Trustees 
of the Chicago Public Library, of which he was President for some 
time. He held membership in such representative civic organiza- 
tions as the Chicago Club, the Iroquois Club, and the Chicago, the 
Edgewater and the Glen View Golf Clubs. 

Mr. Brosseau married Elizabeth Leonard, in 1881, and they 
became the parents of eight children : Mrs. Arthur J. Amberg, 
Louis C, Joseph E., Leonard A., Genevieve, Louise, Pierre and 
Marion. He was a member of Our Lady of Mount Carmel Catholic 
Church. Louis C. Brosseau was elected a Director of the Board of 
Trade in 1916 and is one of the young and active members of the 
organization. 

Benjamin R. Brown. — For virtually a quarter of a century 
Benjamin Richard Brown has been an active member of the Board 
of Trade of his native city, and since 1908 he has conducted a suc- 
cessful independent business as a commission merchant, his opera- 
tions being more largely in the dealing in corn. His success in his 
individual enterprise along this line has not been a matter of acci- 
dent but has its basis on the solid foundation of broad and diversi- 
fied experience in connection with the activities of the Board of 
Trade and association with representative factors in the commission 
trade. He has proved a most appreciative and loyal member of the 
splendid commercial organization with which this history has to do, 
has held a seat on the board since the year 1892 and has served on 
its arbitration committee, as well as on the committee on appeals. 
He is known to his fellow members as a careful and resourceful 
trader in the corn pit, has high standing in the sphere of business 
in which he operates and is fully entitled to representation in this 
publication. Mr. Brown was born in Chicago on the 10th of Novem- 
ber, 1871, and thus made his advent into the world shortly after his 
native city had been severely tried in the crucible of the great fire 
of that year. He is a son of John and Selina Elizabeth (Dewes) 
Brown, who came from England and established their home in 
Chicago in the year 1868, the father here becoming the founder of 
the Star Chemical Works, of which he continued the executive head 
for more than twenty years. He became one of the representative 
business men of the western metropolis and here his death occurred 
in 1891. His widow passed away in 1900. Of their elder son, George 
D., who is one of the well known and influential members of the 
Board of Trade, individual mention is made on other pages of this 
work. Benjamin R. Browm is indebted to the public schools of 
Chicago for his early educational discipline and at the age of fifteen 
years he initiated his association with the grain commission trade, 
by entering the employ of his brother, George D., for whom he be- 
came settling clerk in connection with the latter's operations on the 
Board of Trade. Later he was associated with D. E. Sibley and 




GEORGE D. BROW N 



OF THE CITY OF CHICAGO 57 

after severing this connection he formed an alliance with the firm 
of Fowler & Sterling. In 1899 he was admitted to partnership in 
the business of this firm, the title of which was thereupon changed 
to W. H. Sterling & Company. Mr. Brown continued his identifica- 
tion with this concern until 1908, since which time he has conducted 
an independent commission trade, one that has been developed to 
substantial proportions and involves the retention of a representa- 
tive and appreciative clientele. Mr. Brown and his wife are com- 
municants of the Protestant Episcopal church and though he has 
had no desire to enter the arena of practical politics he has mani- 
fested his civic loyalty and his interest in public affairs by according 
allegiance to the Republican party. On the 2d of June, 1904, was 
solemnized his marriage to Miss Corra E. Elliott, of Chicago, and 
they maintain their home at 3451 West Jackson boulevard. 

George D. Brown. — A native of England, George Dewes Brown 
was a lad of twelve years at the time when the family came to the 
United States and established a home in Chicago. In the great 
western metropolis he was reared to man's estate, and that he has 
become thoroughly animated with the progressive spirit which has 
marked the history of the city has been demonstrated in his career 
as a representative of the grain commission trade and as an active 
member of the Board of Trade. Mr. Brown became associated 
with the grain trade in Chicago shortly after the great fire of 1871, 
and he may properly be considered at the present time as one of 
the veteran members of the Board of Trade, upon which he has 
held a seat since 1879. George Dewes Brown was born at Appleby, 
Leicestershire, England, on the 7th of March, 1856, and is a son 
of John and Selina Elizabeth (Dewes) Brown, both representatives 
of sterling old families of that section of the "tight little isle." In 
his native town he was afforded the advantages of the Appleby 
Grammar School, an institution of exceptionally high standard, 
and, as previously intimated, he was twelve years of age when, in 
1868, the family came to America and made a new home in Chicago. 
Here his father, a skilled chemist of wide experience, engaged in 
business by founding the Star Chemical Works, which he developed 
into one of the substantial concerns of its kind in the western 
metropolis, and as executive head of which he continued for many 
years. After his retirement from business John Brown continued 
his residence in Chicago until his death, in 1891, his widow sur- 
viving him until 1900. In Chicago George D. Brown continued 
for a short time his studies in the public schools, and he then initi- 
ated his business career by accepting employment with the Chicago 
Journal, and later he became associated with Horace Burton, an 
extensive and well-known commission merchant, who induced the 
young newspaper man to accept a position in his employ. Here 
young Brown initiated his activities and gained his first experience 
in the actual dealings and transactions of the Board of Trade, and 



58 HISTORY OF THE BOARD OF TRADE 

his mental grasp combined with his energy and resourcefulness 
enabled him to profit fully by the experience thus acquired. Later 
he became associated with the late G. P. Comstock, another of the 
early and influential members of the Board of Trade, and this alli- 
ance continued until 1875, when he became a valued factor in con- 
nection with the extensive operations of the commission firm of 
Nichols & Helmer, the title of which concern was later changed 
to M. S. Nichols & Co. During the years of this earlier experience 
he had been trading upon the Board of Trade under the provisions 
and privileges of what is known as a clerk's ticket and as a repre- 
sentative of the various firms with which he had been identified. 
His ambition, however, urged him into a broader and more inde- 
pendent field of activity, and in 1879 he purchased a personal mem- 
bership on the Board of Trade. He was thus well fortified when 
he established himself in business as an independent trader in 1883. 
Mr. Brown has made a specialty of the corn trade, and is recognized 
as one of the leading traders in the corn pit of the Board. The civic 
loyalty of Mr. Brown is of the same insistent type as that denoting 
him as a business man, and though he has had no desire to enter 
the turbulence of practical politics and holds himself independent 
of strict partisan lines, he gives in a generic way his allegiance to 
the Republican party. He holds membership in the Glen View 
Golf Club, and both he and his wife are communicants of the 
Protestant Episcopal church, their home for many years having 
been maintained at 850 Lawrence avenue. In 1881 was solemnized 
the marriage of Mr. Brown to Miss Isabella A. Marks, a native of 
the city of Portland, Maine. 

Frederick F. Bullen. — The vital American spirit finds its apoth- 
eosis in Chicago, and it is but in natural sequence that the great 
western metropolis should have drawn to itself men of the maxi- 
mum energy, ambition and initiative, and a mere lad whose insistent 
but worrying visions and ambition led him to seek Chicago as a 
field for the achieving of independence and success has developed 
into the resourceful and dominating personality of the loyal and 
representative citizen whose name initiates this paragraph and 
who has here found ample scope and opportunity for the gaining 
of results that far transcend the ambition of his youth. As a ver- 
itable captain of industry he has made his way forward and his 
activities have extended into other than the local field, especially in 
connection with the malting and distilling industries. He has been 
a liberal, progressive and popular member of the Chicago Board of 
Trade since 1885, has been in the most significant sense the artificer 
of his own fortune and is consistently accorded recognition in this 
publication. On a farm near the little village of Delaware, Middle- 
sex County, Province of Ontario, Canada, Frederick F. Bullen was 
born on the 25th of November, 1853, a son of William F. and Anna 
(Muller) Bullen, the former of whom was born in Dorsetshire, 



OF THE CITY OF CHICAGO 59 

England, and the latter in Ireland. The marriage of the parents 
was solemnized in England and within a short time thereafter 
they severed the old home ties to establish a home in America, 
which was to them a veritable land of promise, in which lay the 
castle of their dreams and hopes. They voyaged to the New World 
on an old-time sailing vessel and established themselves as pioneers 
in Middlesex County, Ontario, where the father turned his attention 
to agricultural pursuits, the old homestead being situated near the 
village of Delaware, on the picturesque Thames River. William F. 
Bullen had received excellent educational advantages in his native 
land and became a man of broad intellectual ken. His training had 
included preparation for the legal profession, and in Ontario he 
finally engaged in the practice of law, in which he attained to 
marked success and distinction. He became one of the prominent 
men and influential citizens of Middlesex County and served many 
years on the bench of the County Court. Secure in the high regard 
of all who knew him. Judge Bullen and his devoted wife passed 
the closing years of their lives in the city of London, Ontario, and 
each attained to venerable age. Frederick F. Bullen was signally 
favored in being reared in a home of distinctive culture and refine- 
ment, and his early experiences were those gained in connection 
with the activities of the home farm, the attending of the district 
school and the reception of parental counsel and instruction on the 
part of his accomplished father and gracious and cultured mother. 
As previously intimated, his boyish ambition found its course far 
afield from the little rural village and the activities of the rural 
community in which he was reared, and with him ambition has ever 
been that of courage and action. In search of the boon of oppor- 
tunity, Mr. Bullen left the parental roof and came to Chicago when 
he was a lad of but fourteen years. Concerning this climacteric 
stage in his career the following pertinent statements have been 
written, and they are well worthy of perpetuation in this connec- 
tion: "He at once became permeated with the wonderful spirit 
of optimism that has made possible the building of the wonderful 
metropolis on the shores of Lake Michigan, and the very conditions 
and influences which compassed him in this formative period of his 
character-building fanned into flame the constructive ability which 
became a fixed attribute of his afterlife and made possible his 
many successes in the initiation and development of new indus- 
tries." Soon after his arrival in Chicago Mr. Bullen found employ- 
ment in connection with the malting industry, and his vigorous 
mind enabled him to profit largely by his experience and to take full 
advantage of every opportunity which presented. As has been con- 
sistently said, "his first employment resulted in opening for him a 
vast field of endeavor and in the fixing of a belief in certain prin- 
ciples in reference thereto that he has since insistently followed, 
with the result that through his influence many important changes 



60 HISTORY OF THE BOARD OF TRADE 

and improvements have been brought about in modern methods of 
malting." In the spring of 1872 Mr. Bullen entered into partnership 
with his brother George and the late William Lill, under the title 
of the Lill & Bullen Malting Company, and they built up a large 
and prosperous business, with which he continued his connection 
until 1888, when the same was sold to an English syndicate. In the 
following year Mr. Bullen elTected the organization of the Fred- 
erick F. Bullen Malting Company, and this corporation continued 
to receive the impress of his dominating and vigorous influence 
until its business and material properties were acquired by the 
American Malting Company, in 1896. While actively concerned 
with the development and upbuilding of the prosperous business 
enterprises just noted, Mr. Bullen had extended his operations in 
connection with the malting industry, of which he became one of 
the leading exponents in the West. His association with this line 
of enterprise has involved heavy interests at other places than Chi- 
cago, as may be understood when it is noted that he became Presi- 
dent of a substantial malting company at Red Wing, Minnesota, 
where he built and equipped a fine malting plant, and also one of 
the leading principals in the Winona Malting Company, at Winona, 
that State. Apropos of his venture into still another field the fol- 
lowing pertinent account has been written: "Mr. Bullen was one 
of the promoters and organizers of the Merchants' Distilling Com- 
pany, of Terre Haute, Indiana. This was the first distilling com- 
pany known to the trade as an 'independent,' and in this connection 
also Mr. Bullen put into execution, both in manufacturing and in 
the business management, principles of sterling integrity and fair 
dealing such as had characterized all of his operations. Incident- 
ally, because of the enforcement of some ideas and methods at 
variance with established custom, a vigorous fight of extermination 
was for a time waged against the new company, but Mr. Bullen was 
found to be an unyielding antagonist and finally won recognition 
as a fair, honest and esteemed competitor." In view of the state- 
ments made in preceding paragraphs, it may naturally be inferred 
that Mr. Bullen has not circumscribed himself within the narrow 
confines of personal affairs ; on the contrary, he has manifested the 
same spirit of energy, progressiveness and loyalty in his civic atti- 
tude and is a liberal and public-spirited citizen of Chicago. While 
a stalwart supporter of the cause of the Republican party, he has 
never sought or desired political office, but his civic loyalty has been 
distinctly shown by the specially effective service which he has 
rendered as a member of the West Park Board of Commissioners, 
in which he held preferment as auditor and also as a member of the 
finance committee. He is a life member of the South Shore Country 
Club and is identified also with the Chicago Automobile Club and 
the Edgewater Golf Club, all representative social organizations of 
the western metropolis. In 1883 was solemnized the marriage of 



OF THE CITY OF CHICAGO 61 

Mr. Bullen to Miss Cora B. Landers, who was born in the State of 
New York, and their one child, Mabel L., is the wife of Herman F. 
Friestedt, of Chicago. 

John A. Bunnell. — One of the principals in the firm of Hately 
Brothers, which controls a large and substantial commission busi- 
ness in grain and provisions, John Alexander Bunnell has been a 
member of the Board of Trade of the City of Chicago since 1891, 
and has been one of its loyal and vigorous representatives, his 
ability and his personal popularity among the members of the 
Board having been given significant showing when he was elected 
to the Presidency of this great commercial body, an office of which 
he was the incumbent in 1909 and in which he gave a most effective 
and popular administration. Prior to receiving this distinction he 
had served as a member of the Directorate of the Board, 1897-9, 
and his interest in an appreciation of the organization has other- 
wise been manifested in a practical and helpful way. He is a citizen 
who is alert, liberal and public-spirited, and none is more loyal to 
Chicago than is this adopted son. Mr. Bunnell was born at Brant- 
ford, Province of Ontario, Canada, on the 21st of April, 1864, and 
is a son of Enos and Cornelia (Kennedy) Bunnell. He is indebted 
to the public schools of his native Province for his early educa- 
tional discipline, and he was an ambitious youth of eighteen years 
when, in 1882, he came to Chicago and threw himself vigorously 
into the work of gaining for himself a place in connection with 
the great commercial activities of this metropolis. He held various 
positions within the years that followed, and at all times was alert 
to avail himself of opportunities presented, with an eye single to 
making consecutive and honorable advancement in the business 
world. He early became associated with the grain commission 
trade and in 1891 he acquired membership in the Board of Trade, 
this year likewise having recorded his admission to partnership in 
the representative commission firm of Hately Brothers, with which 
he has since continued to be identified, as a resourceful and valued 
executive and as a prominent figure in the activities of the Board of 
Trade. Mr. Bunnell and his wife are zealous communicants of the 
Protestant Episcopal church, and he is specially active and influen- 
tial in various departments of church work, as indicated by the fact 
that he has served as President of that staunch and representative 
Chicago organization, the Church Club. He is affiliated with the 
Royal Arcanum, and holds membership in the Union League Club 
and the Exmoor Country Club. At Paris, Province of Ontario, 
Canada, on the 11th of April, 1896, was solemnized the marriage of 
Mr. Bunnell to Miss Kate Capron Baird, and the one child of this 
union is a daughter, Margaret. 

William French Burrows. — To the larger and surer vision there 
is no such thing as luck. No man achieves anything worthy until 
he learns the power of conviction and concentration and, appreci- 



62 HISTORY OF THE BOARD OF TRADE 

ative thereof, bends his energies to the accomplishing of a definite 
purpose. Among the representative men of affairs in Chicago a 
place of well-earned precedence must be accorded to William F. 
Burrows, who is President of the great packing and provision cor- 
poration of Libby, McNeill & Libby. He has won advancement 
in the commercial world by the vigorous assertion of courage, stay- 
ing power, pluck and determination. His has been the conviction 
born of the consciousness of strength and integrity of purpose, and 
thus has his success-position been amply fortified at all times. It 
is much to have risen through sheer ability and hard work to the 
head of one of the great industrial concerns of the nation, and the 
career of Mr. Burrows forcibly illustrates how secure a vantage place 
Chicago has offered to the young man of ambition, initiative power 
and resolute purpose. The Board of Trade has claimed him as a 
member since November 28, 1884, and it is most gratifying to be 
able to offer in this publication even a brief review of his career. 
William French Burrows was born at Somerville, Massachusetts, 
on the 13th of November, 1859, and is a son of Robert and Parmelia 
(French) Burrows, both representatives of sterling New England 
families. Mr. Burrows was a lad of six years at the time of the 
family removal to the city of Chicago, and here he duly availed him- 
self of the advantages of the public schools, though he was still a 
mere boy when he initiated his independent career by assuming, in 
1871, a very subordinate position with the Real Estate Loan & Trust 
Company, which later became the Franklin Bank. With this con- 
cern he remained about three years, and in 1875 he commenced his 
association with the meat-packing industry by entering the employ 
of Underwood & Co. Diligent and ambitious, he made use of what 
he learned and learned for the purpose of making himself more use- 
ful, — the true basis of success and advancement. In 1882 he became 
associated with Libby, McNeill & Libby, and in this connection he 
effectually proved his value, as is clearly demonstrated by the fact 
that when, six years later, the business was incorporated, under the 
original firm title that is still maintained, he was given an interest 
in the new company. Vigorous and buoyant and optimistic, Mr. 
Burrows has never been the man who stands still, and thus we find 
that in April, 1893, he was elected Secretary of the company. June, 
1905, recorded his advancement to the office of Vice-President, and 
in March, 1915, he was made President of the great corporation to 
whose growth and development he had contributed in large and 
effective measure. The following pertinent quotations are con- 
sistently given perpetuation in this connection : "Through the efforts 
of Mr. Burrows the firm of Libby, McNeill & Libby, whose business 
in earlier years was to can meat only, was extended to include the 
canning and bottling of nearly two hundred lines of California fruits 
and vegetables, Hawaiian pineapple, Alaska salmon, Spanish olives 
and olive oil, pickles and condiments, jams, jellies and preserves. 



OF THE CITY OF CHICAGO 63 

luncheon specialties, pork and beans, evaporated and condensed 
milk, sauerkraut, soups, beef extract and bouillon cubes. Plants are 
located in every corner of the globe. A hobby with Mr. Burrows 
has been the employes' welfare work. A welfare building at the Chi- 
cago plant is his own idea. This building contains a restaurant 
where three thousand employes may take lunch at cost. The build- 
ing is equipped with rest rooms, sanitary lockers, shower and tub 
baths, and has been a means of increasing the efficiency of thousands 
of workers. This welfare plan will eventually be in operation in all 
major plants of the company." Mr. Burrows is essentially one of 
Chicago's captains of industry, — a strong, human, genial, consid- 
erate man and a loyal and progressive citizen. He is a member of 
the Directorate of the Fort Dearborn National Bank, and is a popu- 
lar member of the Chicago Club, the Chicago Athletic Club, the 
South Shore Country Club and the Exmoor Country Club. The 
attractive family home, known for its generous hospitality, is at 
4847 Woodlawn Avenue, and Mr. and Mrs. Burrows are members 
of St. Paul's Universalist church. On the 7th of September, 1880, 
was solemnized the marriage of Mr. Burrows to Miss Annie L. 
Libby, and they have four children — Louisa L., Marjorie P., William 
F., Jr., and Arthur A. 

Lucius A. Calkins. — Claiming as his own the honor of being a 
native son of Chicago, Mr. Calkins has here gained through his 
own volition and ability the further distinction of being a successful 
exponent of the commission grain trade, with which he has been 
identified during the entire period of his active business life and in 
connection with which he has gained intimate and authoritative 
knowledge. He is now engaged in business as a broker in grain and 
stocks, and is the executive head of the firm of L. A. Calkins & Co., 
of which he is a representative on the Board of Trade. Lucius 
Allen Calkins was born in Chicago on the 14th of August, 1860, 
and is a son of Allen C. and Sophia J. (Larrabee) Calkins. In the 
public schools of his native city he continued his studies until he had 
completed the curriculum of the high school, and on leaving this 
institution he entered the employ of D. W. Irwin & Co., a leading 
firm in the grain commission business. He made good use of his 
novitiate in the line of enterprise with which he was associated 
with various other firms connected with the operations of the Board 
of Trade. In 1899 he engaged in business for himself, as a member 
of the firm of Wrenn, Calkins & Eagan, with which he continued his 
operations as a grain and stock broker until 1909, when he formed 
the present alliance represented under the firm name of L. A. 
Calkins & Co., which maintains its offices in the Board of Trade 
Building and which controls a substantial and satisfactory business. 
Mr. Calkins resides in the suburb of Edgewater, where he is an 
active member of the Edgewater Golf Club and the Edgewater 
Country Club, besides which he holds membership also in the 



64 HISTORY OF THE BOARD OF TRADE 

Skokie Club. In the year 1898 was solemnized the marriage of Mr. 
Calkins to Miss Henrietta Harland, of Chicago, and they have two 
daughters — Henrietta Mary and Eleanor Harlowe. 

Edwin L. Camp. — A prominent non-resident member of the 
Board of Trade of the City of Chicago, through the medium of 
which he orders much of the extensive business with which he is 
identified as Secretary and Treasurer of the Toledo Grain & Milling 
Company, of Toledo, Ohio, Mr. Camp is one of the vigorous ex- 
ponents of the grain trade and is properly given specific considera- 
tion in this history of the great commercial body in which he 
now retains membership. Edwin L. Camp was born in Warren, 
Ohio, September 12, 1873, and is one of the four children born 
to Daniel W. and Geraldine (Barnes) Camp. Daniel W. Camp 
engaged in the grain business in Ohio in the early '60s, and was the 
founder of the now extensive and important industrial enterprise 
now conducted by the Toledo Grain & Milling Company, of which 
he is president and which he has brought to a foremost position in 
its line. The well-equipped milling plant of this company has 
gained special reputation through its manufacturing of the high- 
grade product known as "Camp's Pansy Flour," the sale of which 
extends far beyond local limitations. The capacity of the mill that 
is owned and operated by the father and son under the corporate 
title already noted is in the output of 600 barrels of flour daily and 
250 tons of feed per day, and are large manufacturers of poultry 
feeds. The mill is kept in operation day and night to meet the de- 
mands placed upon it by its extensive trade, and the company gives 
employment to eighty-five persons in connection with the various 
departments of the business. Edwin L. Camp was reared and 
educated in his native town of Warren, Ohio, where he continued 
his studies in the public schools until he had completed the curricu- 
lum of the high school, and in 1889 he accompanied his parents on 
their removal to Toledo, where he has since been actively and suc- 
cessfully associated with his father in the grain and milling busi- 
ness, of which he has become one of the most influential represen- 
tatives in this part of the Buckeye State. In addition to his alliance 
with the Chicago Board of Trade he holds membership also in the 
Toledo Produce Exchange. He is a member of the Toledo Club, is 
affiliated with the Benevolent & Protective Order of Elks, is unfal- 
tering in his allegiance to the Republican party, and he and his wife 
hold membership in the Unitarian church. In 1900 was solemnized 
the marriage of Mr. Camp to Miss Virginia Gausman, and they have 
two children — Daniel W., Ill, and Katherine Virginia. 

George T. Carhart. — At this juncture is given brief record con- 
cerning a native son of Chicago who has attained to marked prom- 
inence and success as a representative of the grain commission 
business and who has proved a specially vigorous and influential 
member of the Board of Trade, of which he is a Director at the time 



OF THE CITY OF CHICAGO 65 

of this writing, in 1916. He has been identified with the commission 
business in his native city from the initiation of his independent 
career, for in 1888, soon after leaving school, he entered the service 
of the well-known commission house of Montague & Co., with 
which he made rapid advancement through sheer energy and dis- 
criminating application, with the result that he familiarized himself 
with all matters pertaining to this important line of commercial 
enterprise, with the result that when Montague & Co. incorporated 
its business, in 1896, he was admirably fortified for the exacting 
executive duties that devolved upon him when he was chosen 
President of the company. Of this position he continued the in- 
cumbent until 1911, when he effected the organization and incorpo- 
ration of the Carhart, Code, Harwood Company, of which he has 
since continued the President and to the furtherance of the exten- 
sive business of which he has given the full strength of his expe- 
rience and distinctive initiative and administrative ability. Mr. 
Carhart is found aligned as a loyal supporter of the principles and 
policies for which the Republican party has ever stood sponsor 
in a basic way, and he takes most lively interest in all things per- 
taining to the civic and material welfare of his native city. He is 
actively affiliated with various bodies of the time-honored Masonic 
fraternity. On the 19th of September, 1894, Mr. Carhart wedded 
Miss Susie D. Page, of Chicago, and they have two daughters- 
Dorothy Murray and Margaret. Mr. Carhart was born in Chicago 
on the 17th of October, 1871, and is a son of Richard L. and Lucinda 
A. (Smith) Carhart. His early educational advantages were those 
afforded in the public schools, and he was about seventeen years of 
age when he initiated his business career under the conditions of 
which mention has been made above. 

James B. Carter. — For virtually two score of years has Mr. 
Carter been engaged in the grain, flour and feed business in Chi- 
cago, as junior member of the veteran firm of Z. R. Carter & 
Brother, the senior member of which is the representative citizen, 
Zina R. Carter, who is accorded individual recognition on other 
pages of this work. Mr. Carter has been active in the affairs of 
the Board of Trade, and as a successful trader has lent his influence 
in the upholding of the best interests of the greatest commercial 
body of its kind in the world. James Benajah Carter was born in 
Jefferson County, New York, on the 16th of October, 1849, and is 
a son of Benajah and Isabel (Cole) Carter. He was reared to the 
sturdy discipline of the home farm and gained in the common 
schools of the locality and period his early educational discipline. 
When Mr. Carter established his home in Chicago, his first year 
found him occupying the humble station of driver of an ice wagon. 
Vigorous, self-reliant and ambitious, advancement in temporal 
prosperity came to him as a matter of course, and soon he was 
found established in the retail grocery business, with which modest 



66 HISTORY OF THE BOARD OF TRADE 

enterprise he continued his identification until 1877, when he be- 
came associated with his older brother, Zina R., and E. W. Fisher in 
the grain and feed business, with which he has since continued to 
be actively and successfully concerned, the history of the old and 
well-known firm of Z. R. Carter & Brother having been one of con- 
secutive and progressive order during the long intervening years. 
The political allegiance of Mr. Carter is given to the Republican 
party, and he and his wife hold membership in the Baptist church, 
their attractive home being located at 4605 Sheridan Road, in the 
beautiful north division of Chicago. On the 29th of December, 
1873, was solemnized the marriage of Mr. Carter to Miss Emma 
Chambers, of Chicago, and they have three children — Edith, Anna 
and Nettie. 

Zina R. Carter. — Known and honored as one of the strong, 
steadfast and resourceful business men and influential and public- 
spirited citizens of Chicago, Zina R. Carter has here been estab- 
lished in the grain and feed business for more than forty years. 
He is now one of the veteran representatives of this line of enter- 
prise in the western metropolis, and in connection therewith he 
has achieved large and worthy success, his advancement in life 
having been gained entirely through his own ability and well- 
directed endeavors. Dependent upon his own resources in mak- 
ing his way in the world, he has had his mede of fellowship with 
the adverse forces that face every man who essays the task of 
making his way by earnest and honest effort to the goal of worthy 
prosperity, and his was not the fortuitous equipment of broad 
education or financial reinforcement. Such men exemplify most 
fully the true American spirit, and it has been given to this sterling 
Chicago citizen to overcome the handicaps of earlier years, to 
widen his intellectual horizon to broad compass, to make for him- 
self secure place in the business world and to stand exponent of 
the most vigorous, loyal and public-spirited citizenship. He has 
wielded much influence in connection with civic affairs in Chicago, 
served with characteristic fidelity and circumspection as a mem- 
ber of the city board of aldermen, and in 1899 was the Republican 
candidate for mayor of Chicago, his defeat for this distinguished 
office having been the result of normal political exigencies. He 
gave specially effective service during the long period of his in- 
cumbency of the position of member of the board of trustees of 
the Sanitary District of Chicago, in which connection his services 
were enlisted from 1895 to 1905, during the first two years of 
which he was President of the board. As a prominent representa- 
tive of the grain, flour and feed business Mr. Carter has been asso- 
ciated since 1877 with his brother, James B., under the firm name 
of Z. R. Carter & Brother, and their business headquarters are 
established at the corner of Sixteenth and Halsted streets, where 
they control a large and substantial enterprise of wide ramifica- 



OF THE CITY OF CHICAGO 67 

tions. Of the junior member of the firm individual mention is 
made on other pages of this publication, both of the brothers hav- 
ing long held membership on the Board of Trade. Zina R. Carter 
became a member of the Board of Trade in 1872, the year follow- 
ing that of the great Chicago fire, and through his resourceful 
influence and zeal he aided much in the revitalizing and advance- 
ment of this great commercial body after its afTairs had been 
measurably disrupted by that great urban catastrophe. He has 
been influential in the government and general activities of the 
Board of Trade for many years, and his vantage place in the con- 
fidence and esteem of its members has been at all times secure, this 
objective attitude having been emphatically signalized when he 
was elected to the Presidency of this great Chicago institution, an 
office of which he was the efficient and valued incumbent in the 
year 1898. He has been in past years specially active and influential 
in the Chicago ranks of the Republican party, and his prime political 
distinction came when he was chosen as his party's candidate for 
mayor, as previously noted in this context. Mr. Carter was born 
in a primitive log-cabin home in Jefferson county. New York, and 
the date of his nativity was October 23, 1846. He is a son of 
Benajah and Isabel (Cole) Carter, who passed their entire lives in 
the old Empire state. Mr. Carter gained through his early and 
close association with the operations of the farm a lasting appre- 
ciation of the dignity and value of honest toil and endeavor, and 
such were the circumstances of time and place that his early 
educational advantages were extremely limited, though he gained 
sufficient scholastic training to form a basis for the broader and 
practical education which came to his alert and receptive mind 
in connection with the activities of a remarkably successful busi- 
ness career. At the age of eighteen years Mr. Carter came to 
Illinois and established his residence in Dupage county, where 
he found employment at farm work and where he continued to 
maintain his home until 1871, when he came to Chicago and 
engaged in the grain and feed business, in which his brother, 
James B., became his coadjutor in the year 1877, under the title 
of Z. R. Carter & Brother, which has been retained during the long 
intervening years — years marked by their development and up- 
building of a large and important business. 

Frederick T. Chandler. — In according recognition in this his- 
tory to the non-resident members of the Board of Trade of the 
City of Chicago it is pleasing to be able to make specific mention 
of Mr. Chandler, who is the excutive head of the influential bank- 
ing and brokerage firm of Chandler Brothers & Co., of Philadel- 
phia, Pennsylvania. He has represented his firm on the Board 
of Trade since 1904, and has a large acquaintanceship among the 
prominent local members of this great commercial organization. 
The Philadelphia offices of Chandler Brothers & Co. are established 



68 HISTORY OF THE BOARD OF TRADE 

at 1336 Chestnut street, and the New York branch office is at 34 
Pine street. Mr. Chandler is one of the influential members of 
the Philadelphia Stock Exchange and holds membership also in 
the New York Stock Exchange and the New York Produce 
Exchange. Frederick T. Chandler was born in Philadelphia in 
December, 1863, and is one of the four children born to John W. 
and Almina (Taylor) Chandler. His broader education has been 
gained under the direction of that wisest of all head-masters, 
experience, and he has been in the most significant sense the 
builder of the ladder on which he has risen to a position of promi- 
nence and influence in the commercial world. He attended the 
public schools in his boyhood days, but was only fourteen years 
of age when he obtained employment as office boy for a leading 
brokerage house in his native city. His youthful ambition was 
one of action and he made good use of every opportunity that pre- 
sented, applied himself diligently and by making his services of 
constantly increasing value won successive advancement, the while 
he gained a comprehensive and accurate knowledge of all details 
of the important line of business in which he has risen to his present 
stature as a dominating figure and the head of the firm of Chandler 
Brothers & Co., which was organized by him in 1898, and the 
progressive and honorable policies of which indicate the resource- 
fulness, energy and correct methods which he has brought to bear 
in the developing of a specially successful business. Mr. Chandler 
has been one of the world's constructive workers, has achieved 
success and merited the same, and amidst the manifold exactions 
of a remarkably active business career he has found time and oppor- 
tunity to express himself also in loyal and progressive citizenship. 
The political proclivities of Mr. Chandler are indicated in the 
allegiance which he gives to the Republican party, and he is 
affiliated with the Masonic fraternity and the Benevolent and Pro- 
tective Order of Elks. Mr. Chandler was married to Miss Hen- 
rietta Weber, and their attractive home is at 6025 Overbrook 
avenue, in one of the fine residential districts of Philadelphia, and 
they have five children. Frederick T. Chandler, Jr., is associated 
with his father in business and is one of the alert and popular young 
business men of the city in which he was born and reared. 

Reuben G. Chandler. — A resident of Chicago for somewhat 
more than forty years, Reuben Grigsby Chandler has made these 
years count in large and worthy achievement and has risen to a 
position of marked prominence and influence in connection with the 
brokerage and general commission grain trade that finds its chief 
center in the vigorous metropolis of the west. With clear, firm 
and useful ambition, both immediate and ultimate, he has proved 
his resourcefulness in his chosen sphere of action and has been a 
progressive and valued factor in the varied activities of the Board 
of Trade, his membership in which dates from the year 1879 and 



OF THE CITY OF CHICAGO 69 

his prominence and popularity in which is indicated by the fact 
that in 1903 he served as President of this great Chicago organiza- 
tion. That the sons of the fair Southland are not in the least lack- 
ing in the vital American spirit of progress has been significantly 
demonstrated in the career of Mr. Chandler, who takes just pride 
in reverting to the historic Old Dominion as the place of his nativ- 
ity, and who is a scion of line old families of that commonwealth. 
Mr. Chandler was born in Rockbridge County, Virginia, on the 
16th of December, 1852, and is a son of Norborne E. and Lucy 
(Grigsby) Chandler. In his youth he was afiforded the advantages 
of excellent private schools and in 1869 entered the Virginia Mili- 
tary Institute, graduating as a member of the class of 1873. In 
1875, as an ambitious young man of twenty-two years, Mr. Chand- 
ler came to Chicago and initiated a business career that has found 
him at all times loyal, energetic and circumspect, and that has 
eventuated in his gaining precedence as one of the influential 
figures in the grain trade and the sterling phalanx of the Board 
of Trade, which has honored and been honored by his interposition. 
Concerning him the following pertinent statement has been written : 
"He grew up with the commercial interests of the city during the 
period of its most marvelous development, and he has never lost 
an opportunity to do what he could for the advancement of the 
best interests of the great city which has figured as the stage of his 
splendid achievement." Soon after his arrival in Chicago Mr. 
Chandler entered the employ of the representative commission 
firm of Rumsey & Walker, in connection with whose operations 
he gained accurate and valuable knowledge concerning the details 
of the grain trade. After remaining with this firm for a period 
of five years Mr. Chandler formed, in 1880, a partnership alliance 
with J. Frank Rumsey, and the firm of Rumsey & Chandler there- 
after continued a substantial commission business until its dissolu- 
tion, in 1895. For the ensuing ten years Mr. Chandler conducted 
a successful independent enterprise in the grain commission trade, 
and, with secure prestige in this field of endeavor, he then became 
one of the organizers of the present brokerage and commission 
firm of Hulburd, Warren & Chandler, which dates its inception 
from 1905 and of which he has continued one of the executive heads. 
This firm is known as one of the most reliable, substantial and 
progressive commission concerns of Chicago, which implies equal 
prestige as touching the entire United States, and the representation 
of the firm on the Board of Trade of the City of Chicago has lent 
its quota of dignity and distinction to that body. Mr. Chandler 
has been fully appreciative of the history and functions of the 
Board of Trade and has done his part in the furtherance of its in- 
terests and the upholding of its unspotted and unwritten code of 
business ethics. He has served in various executive capacities 
on the Board and was honored in being elected its President, an 



70 HISTORY OF THE BOARD OF TRADE 

office of which he was the efficient and popular incumbent during 
the year 1903. Mr. Chandler has taken lively interest in all things 
pertaining to the civic and material welfare and advancement of 
Chicago, is loyal to the political faith that has long been dominant 
in his native commonwealth and thus gives his allegiance to the 
Democratic party, though he has manifested naught of ambition for 
political preferment of any kind. He was for a number of years 
actively identified with the First Infantry Regiment of the Illinois 
National Guard, in which representative Chicago body he was 
the organizer of Company K, of which he served effectively as 
first lieutenant. A definitely representative figure in the business 
and social activities of Chicago, Mr. Chandler has a host of staunch 
and valued friends in the city that has long been his home and in 
which he has found opportunity for the winning of large and worthy 
success. He holds membership in such prominent civic organiza- 
tions as the Union League and the Chicago Club, besides which 
the Onwentsia Club claims him as an appreciative member and as 
one of its golf enthusiasts. On the 28th of November, 1883, was 
solemnized the marriage of Mr. Chandler to Miss Virginia Hamil- 
ton, of Chicago, and she was summoned to the life eternal on the 
7th of November, 1894, the surviving children being Virginia, Ruby 
and Walter. 

Simeon B. Chapin. — Since the year 1892 Mr. Chapin has been 
established in successful and representative business as a banker 
and broker in stocks, bonds and grain, and the substantial enter- 
prise, of far-extended ramifications, is conducted under the title of 
S. B. Chapin & Co. By his resourceful and well-directed activities 
Mr. Chapin has gained secure vantage ground as one of the influen- 
tial representatives of these important lines of commercial enter- 
prise in the western metropolis and the same scrupulous fidelity and 
rectitude that have characterized his independent business career 
have marked his association as a loyal and appreciative member 
of the Board of Trade. Simeon Brooks Chapin was born in the 
city of Milwaukee, Wisconsin, on the 31st of May, 1865, and is a 
son of Emory D. and Marietta (Armour) Chapin. His early edu- 
cational advantages included those afforded in the public schools 
of his native city and the Harvard School of Chicago. In 1881, 
when seventeen years of age, Mr. Chapin went to Kansas City, 
Missouri, where he initiated his business career in the dignified 
position of messenger in the employ of Armour Brothers Banking 
Company. In the following year he returned to Chicago, and here 
he continued in the employ of Armour & Co. for nearly a decade. 
He won advancement by effective service in the various depart- 
ments with which he was connected for different intervals, and he 
finally resigned a responsible position with this great Chicago con- 
cern to engage in the independent business with which he is still 
associated, as head of the well-known and representative banking 



OF THE CITY OF CHICAGO 71 

and brokerage firm of S. B. Chapin & Co., the Chicago offices of 
which are in the Rookery Building and the New York offices at 111 
Broadway. Mr. Chapin has never had any ambition for public 
office or for activity in practical politics, but he is emphatically loyal 
and liberal in his civic attitude and gives his allegiance to the Repub- 
lican party. In Chicago he holds membership in the Union League, 
the Chicago and the Chicago Athletic Clubs, and in New York City 
he maintains membership in the Metropolitan and Midday Clubs. 
Both he and his wife are members of the historic Plymouth Con- 
gregational church of Chicago. On the 5th of October, 1892, was 
solemnized the marriage of Mr. Chapin to Miss Elizabeth A. Mat- 
tocks, of Chicago, and they have three children — Marietta L., Eliza- 
beth M. and Simeon Brooks, Jr. 

Clinton L. Childs. — In the scope and solidity of its operations 
in the grain and stock brokerage business the firm of Childs, Kay 
& Woods occupies a place of merited priority in the city of Pitts- 
burgh, Pennsylvania, and it has membership enrollment not only 
on the lists of the Board of Trade of the City of Chicago, but also 
those of the Pittsburgh Stock Exchange and the New York Stock 
Exchange. The offices of the firm are in the Union Bank Building, 
Pittsburgh, and the interested principals in the business are Clinton 
L. Childs, A. G. Kay and C. W. Woods, the present partnership 
organization being the successor of the former firm of Danner, 
Childs & Woods, which was organized in 1905. Clinton Lowrie 
Childs, now the executive head of the firm of Childs, Kay & Woods, 
was born in Pittsburgh, on the 5th of July, 1879, and is the only 
living child of Harvey L. and Laura (Bidwell) Childs, who still 
reside in Pittsburgh. The father was formerly a prominent repre- 
sentative of the mill-supply business and is now living virtually 
retired, one of the substantial and honored citizens of Pittsburgh. 
After attending the public schools Clinton L. Childs continued his 
studies in Phillips Academy at Andover, Massachusetts, and then 
entered Yale University, from which instituion he was graduated, 
receiving the degree of Bachelor of Arts. Immediately after leaving 
the university, Mr. Childs followed out his well-formulated plans 
by identifying himself with the stock and grain brokerage business 
in his native city, and his close application, his vigorous methods, 
and vital business policies have brought to him success. Mr. Childs 
has been a member of the Chicago Board of Trade since 1907 and 
has not failed to make constructive use of its privileges, so that he 
is duly valued as one of its non-resident members. Mr. Childs is 
a Republican in politics, and is a member of various civic, fraternal 
and social organizations. Mr. Childs was married to Miss Isabel 
Pontfract, a daughter of James G. Pontfract, of Pittsburgh, and 
three children have been born to this union. 

Allan M. Clement. — As a grain and stock broker Allan Mont- 
gomery Clement has won distinctive success and precedence in his 



72 HISTORY OF THE BOARD OF TRADE 

native city, where he is now executive head of the representative 
commission firm of Clement, Curtis & Co., which has secure van- 
tage place on the Board of Trade of the City of Chicago, besides 
finding representation also on the Chicago Stock Exchange, the 
New York Stock Exchange, the New York Cotton Exchange, the 
New York Coflfee Exchange, and the New York Produce Exchange. 
In the directing of the extensive and multifarious business of this 
important firm Mr. Clement has shown marked versatility and cir- 
cumspection and his valued coadjutor, John F. L. Curtis, is indi- 
vidually mentioned on other pages of this publication, both being 
loyal and popular members of the Board of Trade and appreciative 
observers of its fine but unwritten code of commercial ethics. 
Allan Montgomery Clement was born in Chicago on the 31st of 
October, 1869, and is a son of Austin and Sarah (Montgomery) 
Clement. After due preliminary discipline in the public schools of 
his native city Mr. Clement entered the Chicago Manual Training 
School, in which he was graduated as a member of the class of 
1886. In the same year he entered upon his novitiate in the busi- 
ness world by assuming a position in the employ of the firm of 
Clement, Bane & Co., engaged in the stock commission business, 
and with this concern, in which his father was an interested prin- 
cipal, he continued to be identified for a period of fifteen years. 
He then became a member of the stock brokerage firm of Raymond, 
Pynchon & Co., but three years later he formed a similar alliance 
with the firm of Lester, Kneeland & Co. One year later, after the 
death of Mr. Lester, his name became represented in the firm 
title that was then adopted, that of Kneeland, Clement & Curtis. 
Under this title the substantial brokerage business was continued 
until January, 1907, when a reorganization took place and the 
present firm of Clement, Curtis & Co. was formed. Mr. Clement 
is found arrayed as a staunch and loyal supporter of the cause 
of the Republican party, and aside from his large and important 
business activities he finds marked satisfaction in his identification 
with the Chicago Club, the Union League Club, the Glen View 
Club, the Midlothian Club and the South Shore Country Club, 
of which last named organization he is a director in 1916. In the 
year 1894 was solemnized the marriage of Mr. Clement to Miss 
Grace Groves, of Chicago, and they have two sons — Austin Arthur 
and Franklin Groves. 

Frank G. Coe. — Through his own ability and well-ordered 
endeavors Frank Gait Coe has made himself a valued and influen- 
tial factor in connection with the extensive and important com- 
mercial and industrial enterprise conducted by the Corn Products 
Refining Company. He represents this corporation on the Board 
of Trade of the City of Chicago, of which he has been a member 
since 1902, and his well-established reputation for authoritative 
knowledge of the grain business, as a crop expert, makes his inter- 



OF THE CITY OF CHICAGO 73 

position specially valuable in the buying of corn for the various 
factories owned and controlled by the progressive corporation with 
which he is identified and which is engaged in the manufacture 
of syrup, starch and other corn products upon an extensive scale. 
Mr. Coe was born at Sterling, Illinois, on the 15th of August, 1876, 
and is a son of Mark L. and Julia (Gait) Coe. He continued his 
studies in the public schools until he had completed the curriculum 
of the high school, and in the earlier stage of his active career 
he made an excellent record in the dignified position of newspaper 
reporter. He later held a position as private secretary and finally 
qualified and gave significantly effective service as a crop expert. 
As already noted in this context, he has held membership on the 
Board of Trade since 1902, and he has become well known as a 
specialist in cash corn, the while he takes loyal and active interest 
in all things pertaining to the great commercial body with which 
he is thus identified and in which he has given effective service 
as a member of the promotion committee. Mr. Coe is a member 
of the City Club of Chicago and of the Park Ridge Country Club. 
He and his wife are zealous members of the Lake View Presby- 
terian church, in which he holds the office of elder, and he is a 
member of the board of managers of the Chicago Young Men's 
Christian Association. On the 25th of February, 1909, was solemn- 
ized the marriage of Mr. Coe to Miss Ruth Reynolds, of Prophets- 
town, Illinois, and their home is maintained at 746 Bittersweet 
Place, in the Lake View district of Chicago. They have no 
children. 

William Charles Comstock. — In preparing a review of the 
careers of prominent men in connection with the Board of Trade 
of the City of Chicago, none are more worthy of mention in a 
work of this character than William C. Comstock, for many years 
an active member of the organization, and one of the city's most 
conservative financiers. He has not only achieved notable success 
in business, but is an active factor in the social and charitable 
life of the city, and his progressive spirit is evident in many ways. 
He came to Chicago when he was young; he has grown up with 
the city and has helped to make it grow, and he typifies to the 
fullest extent the real Chicago spirit. Mr. Comstock was born in 
Oswego County, New York, October 20, 1847. He came West 
with his parents, Charles and Julia J. (Sprague) Comstock, when 
fourteen years of age, and since that date has been a resident of 
Chicago and its beautiful suburb of Evanston. He acquired a 
substantial education in private schools and the Northwestern 
University, and soon after attaining his majority in 1868 began 
operations on the Board of Trade, becoming a member soon after- 
ward as an exponent of the grain commission trade. He sold his 
membership, however, January 8, 1890, and on July 16 of the same 
year joined again, and has since continued as one of its active and 



74 HISTORY OF THE BOARD OF TRADE 

valued members, who have aided in upbuilding the high prestige 
and furthering the prosperity of this great institution. During his 
identification with the Board of Trade Mr. Comstock's knowledge 
of grain and conservative dealing has commanded the respect and 
confidence of every grain firm in the trade, and his name in con- 
nection with any transaction has always been considered a guar- 
antee for straightforward and honorable dealing. He is a man 
of strong convictions of what is right and wrong, and is unfaltering 
in his opposition to a course which he deems inimical to the best 
interests of the country and people. His tastes are scholarly and his 
manner retiring, and he finds pleasure in travel, golf and books. 
He is a member of the Chicago, Chicago Golf and the Edgewater 
Golf clubs, and stands high in both social and business circles. A 
man of unusual public spirit, interested in local affairs and proud 
of the city in which much of his activities and mature manhood 
have been passed, Mr. Comstock is a strong factor in the further- 
ance of any measure which has for its aim the advancement of the 
people or the betterment of existing conditions. He has always 
been deeply interested in Chicago's welfare, and at all times his 
sympathy and support has been with the measures that in any way 
benefit the western metropolis. To sketch in detail his work during 
his active business life would be a task of no small moment, how- 
ever agreeable and interesting. Although making no claim to 
greater credit than that which belongs to one who, by wise and 
persistent effort, has advanced his own fortune and at the same 
time that of many others who have shared in one way or another in 
his enterprises, a discriminating public sentiment will not fail to 
accord him a front rank among the commercial benefactors of the 
country. 

Morton L. Conley. — The fine old Hoosier State has been repre- 
sented by an appreciable and valued non-resident but loyal quota 
of members on the Board of Trade of the City of Chicago, and 
prominent among the number at the present time is Morton L. 
Conley, who maintains his residence and business headquarters in 
the attractive little city of Frankfort, judicial center of Clinton 
County, Indiana, and who is one of the discriminating and suc- 
cessful grain men operating exclusively on the floor of the Chicago 
Board of Trade. He closed out his general grain commission busi- 
ness at Frankfort in 1915 and has since confined his operations 
to speculative grain business on the floor of the Board of Trade, 
as previously intimated. His operations are of broad scope as a 
buyer and speculator along normal and legitimate lines and he is 
conceded to be one of the most successful traders of the great com- 
mercial body with which he is actively affiliated in the western 
metropolis. Mr. Conley was born in Campbell County, Virginia, 
November 13, 1866, and is a scion of an old and well-known family 
of that historic commonwealth. His parents, Christopher M. and 



OF THE CITY OF CHICAGO 75 

Sarah L. (Adams) Conley, were born and reared in the Old 
Dominion State, where the father became a substantial and pros- 
perous exponent of the great basic industry of agriculture. He whose 
name introduces this article gained his early education in the 
schools of his native State and as a young man he there evinced 
his ambition and self-reliance by establishing himself in the grain 
and feed business on a modest scale. His energy and careful 
methods enabled him to build up a prosperous enterprise, and he 
continued in this field of business until his removal to Frankfort, 
Indiana, in 1899. At Frankfort he developed a large and successful 
grain commission trade, and there he continued his operations 
until 1915, when, as before stated, he transferred the stage of his 
vigorous business activities to the Board of Trade in Chicago, of 
which organization he had become a member in 1913. He and his 
family find pleasure in still maintaining their home at Frankfort, 
Indiana, and are popular factors in the representative social life of 
that fine little city. Reared in the faith of the Democratic party, 
Mr. Conley has never deviated from the line of close allegiance 
thereto. He is affiliated with the Frankfort Lodge of the Knights 
of Pythias. Mrs. Conley is an active member of the Baptist church. 
In 1892 Mr. Conley wedded Miss Annie Gertrude Massie, who 
likewise was born and reared in Virginia and whose father, Joseph 
H. Massie, was a prominent and influential citizen of Amherst 
County, that State, which he represented for several terms in 
the Virginia legislature. Mr. and Mrs. Conley have five 
children, namely: J. Page, Charles M., Claude, Pearl Elizabeth 
and Frank M. 

Horace Cook. — As the executive head of the firm of Horace 
Cook & Co., one of the largest and most important concerns en- 
gaged in the commission and exporting grain trade in the city of 
Boston, Mr. Cook has naturally and consistently desired to avail 
himself of the privileges and functions of the Board of Trade of the 
City of Chicago, the most important commercial organization of 
its kind in the world, and he has been one of its non-resident mem- 
bers since the year 1911, besides which he is one of the prominent 
and influential members of the Boston Chamber of Commerce, the 
firm of which he is the head having been organized by him on the 
1st of January, 1917, and his valued partner is George H. Hopkins. 
He has been actively concerned with the grain business in the 
Massachusetts metropolis since the early '80s and has become one 
of its leading representatives in that city, his success and prestige 
being the direct result of his own ability and well ordered en- 
deavors. Horace Cook is one of the two surviving children of 
Charles A. and Caroline (Hinckle) Cook, and was born in Boston, 
on the 13th of July, 1859. He was but five years of age at the time 
of his father's death, but was not denied the full advantage of the 
schools of his native city. As a youth he there identified himself 



76 HISTORY OF THE BOARD OF TRADE 

with the retail flour business, but at the age of twenty-three years 
he turned his attention to the grain business, of which he has be- 
come one of the most successful and influential exponents in Bos- 
ton, his firm controlling a specially substantial grain exporting trade 
that has appreciably been augmented by the demands of the 
nations engaged in terrific warfare in Europe. He maintains his 
office at 509 Chamber of Commerce Building, is one of the liberal 
and public-spirited citizens of Boston, and in politics is found 
staunchly arrayed as an advocate and supporter of the cause of the 
Republican party. 

Allison J. Cope. — The vigorous and progressive city of Cham- 
paign, judicial center of the Illinois county of the same name, is a 
normal center for legitimate enterprise in connection with the great 
grain-producing industry in central Illinois, and on the Board of 
Trade of the City of Chicago finds consistent representation in the 
person of Mr. Cope, who has been a member of this great commer- 
cial body since 1907, in which year he established his present sub- 
stantial and prosperous business as a grain and commission mer- 
chant at Champaign, the firm of Lamson Brothers & Co. being his 
official correspondents in Chicago. Allison J. Cope is one of the 
numerous men whom the Hawkeye State has given to the Board of 
Trade, for Iowa has contributed both grain and brain to the Chi- 
cago market. He was born in Coal Creek Township, Keokuk 
County, Iowa, on the 13th of August, 1860, of typical American 
parentage and ancestry. His father, Henry Cope, was born in 
Fayette County, Pennsylvania, in 1837. He was a carpenter and 
farmer, and was one of the many who took Horace Greeley's advice, 
even before it was given, as he went to the West in 1856 and set- 
tled in the little pioneer village of New Sharon, Iowa. The mother, 
Sarah (Gray) Cope, was of like sturdy stock. She was born at 
Barnesville, Ohio, in 1841. To this happy, industrious, frugal home, 
the news of the secession and the war for the Union was not only 
a National but also a personal disaster. But the father did not refuse 
to offer his services and, if need be, his life for his country. He 
left his young wife and their infant son to enlist in Company D, 
Thirty-third Iowa Volunteer Infantry, and proceeded with his 
regiment to the front. In those first days of the war, through lack 
of preparedness and proper sanitary provisions, thousands of Union 
soldiers fell victim to disease. Henry Cope was one of these, and, 
after six months of service, he received his honorable discharge, 
returned home in broken health and took up the struggle for exist- 
ence. Despite this handicap the family prospered, and the parents 
were able to give their son not only the education provided by the 
public and high schools of Sharon, but also to round out his train- 
ing with a course of three years at the famous Oberlin College, in 
Ohio. They were amply repaid by filial solicitude and the success 
of their son, and they are now enjoying the fruits of well-spent 



OF THE CITY OF CHICAGO 77 

lives in their pleasant home at Danville, Illinois. Allison J. Cope 
began the real work of life as a telegrapher. His skill, intelligence, 
and education soon procured him promotion, and for thirteen years 
he served as train dispatcher — first with the Iowa Central Railroad, 
now known as the Minneapolis & St. Louis, and later with the 
Illinois Central Railroad, on the line between Chicago and Cham- 
paign. For three years he was engaged in the retail grocery busi- 
ness at Urbana, Illinois, and it was not until 1903 that he established 
himself in the grain business. He was at first an employe, but in 
1907 he entered business for himself, and this he has successfully 
continued to the present day. In politics Mr. Cope is a Republican, 
but, while active in the support of the principles of the party, he 
has never been an office-seeker. He and his wife are ardent mem- 
bers of the Christian Science church, and their lives measure up 
to the high standards set by that creed. Mr. Cope is a man of 
genial and kindly disposition. His business integrity has stood the 
test of years without a question, and he has attained an enviable 
reputation among his associates as a man of successful business 
sagacity and of utmost probity. He is affiliated with the Benevolent 
& Protective Order of Elks and the Travelers' Protective Associa- 
tion. June 15, 1893, occurred the marriage of Mr. Cope to Mrs. 
Clara (Fleming) Baird, daughter of Jesse and Matilda (Havens) 
Fleming, of Champaign, and the two children of this union are 
Harold F., born February 19, 1899, and Allison J., Jr., born June 
16, 1902. 

Ira J. Couch. — A native son of Chicago and a representative of 
one of the prominent and influential families of this city, Ira John- 
son Couch is a son of George B. and Caroline E. Couch, and a 
grandson of Ira Couch, whose name is closely and influen- 
tially linked with the annals of civic and material development and 
progress in Chicago. The Board of Trade claims Ira J. Couch as 
one of its appreciative and valued members, and he is one of the 
interested principals in the representative firm of S. B. Chapin & 
Co., one of the foremost in the stock-investment business in both 
Chicago and New York and one that has definite precedence and 
influence in connection with the operations of the Board of Trade of 
the City of Chicago and the Chicago Stock Exchange, with both of 
which important bodies Mr. Couch is actively identified, besides 
which he is to be designated as an able member of the bar of his 
native city, though he has not been actively engaged in the practice 
of his profession since 1900. Mr. Couch was born in Chicago on the 
21st of June, 1871, and after making good use of the advantages 
aflforded in the public schools of the western metropolis he pursued 
a higher academic course in Beloit College, at Beloit, Wisconsin. 
In preparation for his chosen profession he then entered the Chi- 
cago College of Law, and in this institution he was graduted as a 
member of the class of 1896, with the degree of Bachelor of Laws, 



78 HISTORY OF THE BOARD OF TRADE 

his admission to the Illinois bar having been a virtual concom- 
itant of his reception of the degree noted. After his graduation 
Mr. Couch became associated with the representative law firm of 
Arnd & Arnd, with which he continued his alliance until 1900, 
when he retired from the practice of law and turned his attention 
to the stock and bond business, of which he has become a success- 
ful representative in Chicago, as has he also in connection with 
operations on the Board of Trade. At the initiation of his activities 
along these lines he was fortunate in identifying himself with the 
firm of S. B. Chapin & Co., and of the same he has been a member 
since 1906. Though he has manifested no ambition for political 
preferment, Mr. Couch as a public-spirited citizen takes a lively 
interest in all that touches the well-being of his native city. In 
the time-honored Masonic fraternity he has received the thirty- 
second degree of the Ancient Accepted Scottish Rite, and he holds 
membership in the Chicago Athletic Club, the Chicago Golf Club 
and the Glen View Golf Club. In 1902 was solemnized the mar- 
riage of Mr. Couch to Miss Genevra Laing, of Chicago, and they 
have three children — Ira Laing, Mary Elizabeth and Johnson. 

Thomas C. Craft, Jr. — The year 1916 recorded the enrollment 
of the name of Mr. Craft on the membership rolls of the Chicago 
Board of Trade, and this great and influential commercial organ- 
ization thus incidentally gained the recognition of one of the leading 
grain receiving and importing concerns in the city of Baltimore, 
the Baltimore Grain Company, of which Mr. Craft became Vice- 
President in 1915. The important corporation likewise is repre- 
sented in membership in the Baltimore Chamber of Commerce, the 
New York Produce Exchange, and the Grain Dealers' National 
Association. The other executive officers of the company are 
Ferdinand A. Meyer, who is its President, and Edward T. Sheil, 
Jr., who is its Treasurer. Thomas C. Craft, Jr., was born at Wil- 
mington, North Carolina, on the 18th of December, 1872, and is a 
son of Thomas C. and Lucy (Greer) Craft, the father having been 
for many years connected in an official capacity with the Tidewater 
Power Company at Wilmington, North Carolina. Thomas C. Craft, 
Jr., is indebted to the public schools of his native city for his early 
education and has been identified with the grain trade since he was 
a youth of eighteen years, his initial experience having: begun in 
1891, and his residence having been established in Baltimore. In 
this city he was connected with various commission firms for vary- 
ing intervals until he became associated with the Baltimore Grain 
Company, of which he has been Vice-President since 1915, as pre- 
viously stated. His advancement has been the result of abihty, 
close application and determined purpose, and he has become one 
of the prominent and influential exponents of the grain commercial 
interests in Baltimore. His political support is given to the Demo- 
cratic party, he is identified with various civic and social organiza- 



OF THE CITY OF CHICAGO 79 

tions of representative order, and he and his wife are members of 
the Universalist church. Mr. Craft was married to Miss Caroline 
B. Etheredge, a daughter of James Etheredge, of Baltimore, and 
the one child of this union is Philip C. 

Charles S. Crary. — A member of the Board of Trade of the City 
of Chicago for nearly thirty years, Mr. Crary has won for himself 
a place as one of the successful captains of industry in Illinois, and 
this fact becomes patent when it is stated that he is President of 
the Streator Grain Company and also of the C. S. Crary Company, 
corn packers, at Streator, LaSalle County. He is thus the execu- 
tive head of two of the most important industrial and commercial 
concerns of the city of Streator, and his record in the business 
world has been one of worthy achievement and consecutive ad- 
vancement. 

He was born in Ohio, on November 14, 1865, and is a son of 
Willis and Hester (Robbins) Crary, his father having devoted 
practically his entire active life to the basic industry of agriculture, 
in connection with which he achieved definite independence and 
prosperity. He died in 1909, his wife having preceded him to eter- 
nal rest. Charles S. Crary is indebted to the public schools for his 
early education, which included the curriculum of the high school, 
and he initiated his business career by entering the employ of the 
firm of Hall & Ross, engaged in the grain business at Gibson City, 
Ford County, Illinois. Upon severing his association with this firm 
he associated himself with the William Bodman Company, which 
was then established in the grain trade in Chicago, and this alliance 
continued for years. Thereafter he became independently iden- 
tified with the canning or corn-packing business at Hoopeston and 
Gibson City, and in 1892 he established at Streator the now exten- 
sive enterprise conducted under the title of the C. S. Crary Com- 
pany. In the packing of corn this company has developed a re- 
markably prosperous and well-ordered commercial enterprise, and 
the "Sweetheart" brand of corn that is manufactured by the com- 
pany has gained a demand in all sections of the Union. In the well- 
equipped factory employment is given to an average force of one 
hundred persons, and it may well be understood that in connection 
with this enterprise Mr. Crary makes profitable use of the privileges 
of the Chicago Board of Trade, of which he has been a member 
since 1888. The Streator Grain Company, of which he is Presi- 
dent, was organized and incorporated in the autumn of 1916, and 
has already become an important concern in the general grain trade 
in LaSalle and adjoining counties. In politics Mr. Crary pays un- 
faltering allegiance to the Republican party, his attitude being that 
of a broad-gauged and progressive citizen and man of affairs. He 
is affiliated with the Masonic fraternity and the Benevolent & Pro- 
tective Order of Elks, and with his family holds to the faith of the 
Presbyterian church. Mr. Crary was wedded to Miss Julia Jones, 



80 HISTORY OF THE BOARD OF TRADE 

a daughter of the late Joseph Jones, of Henry, Illinois, and there are 
five children of this union. 

James Crighton.^In preparing a review of the lives of men 
whose careers have been of signal usefulness and honor to the 
country, no name is more worthy of mention in the history of the 
Board of Trade of the City of Chicago than that of the late James 
Crighton, for many years a prominent business man of this city, 
and for more than thirty-six years an active and honored member of 
the Board of Trade. His deep interest in humanity constituted a 
potent factor in the moral progress of Chicago, and even though he 
has passed from the scene of earthly activities his labors remain as 
a force for good in the community. He not only achieved notable 
success in business, but in his home, in social and public life, he was 
kind and courteous, and no citizen of Chicago vC^as more respected 
or enjoyed the confidence of the people or more richly deserved the 
regard in which he was held. Mr. Crighton was born in Long- 
forgan, Perthshire, Scotland, in March, 1851, a son of William and 
Elizabeth (Duncan) Crighton, and he fully exemplified the mag- 
nanimous character for which the Scotch race have always been 
noted. His scholastic attainments were those afforded by the public 
schools of his native land, in which he acquired a substantial educa- 
tion. The fame of the future metropolis of the West, which seemed, 
not unnaturally, to have extended abroad, drew many ambitious 
young men like himself to Chicago, and when sixteen years of age 
he decided to cast his lot with this city. It was in 1867 that he 
started to carve out a career here for and by himself, and thence- 
forward his life and enterprises were blended with the growth of 
the most wonderful product of the country's western civilization. 
Coming to Chicago and entering business life when a boy, Mr. 
Crighton grew up with the city during the period of its most mar- 
velous development, and through pluck, perseverance and honorable 
dealing he became one of its substantial and most valued citizens. 
Soon after becoming a resident of this city he entered the employ 
of Low Brothers & Co., who had established a grain commission 
business here in 1856, and his entire business career was afterward 
devoted to the interests of that house and its successors. Low 
Brothers & Co. was later succeeded by John Crighton & Co. (John 
Crighton and Sanford A. Scribner), which afterward became Crigh- 
ton & Scribner, and on the death of John Crighton, his uncle, James 
Crighton, in 1887, became a partner of Mr. Scribner, under the title 
of Scribner, Crighton & Co. Mr. Scribner died in 1901, but the 
business was conducted under the same name until December, 
1903, when the firm of Crighton & Co. was organized. This con- 
nection continued until 1909, when the firm name was changed to 
Crighton & Lasier, which continued to do an extensive grain, seed 
and provision business. Mr. Crighton became a member of the 
Board of Trade October 24, 1881, and during his entire business 



OF THE CITY OF CHICAGO 81 

career was one of the active members of this organization, of which 
he was a Director. He was also a member of the Milwaukee Cham- 
ber of Commerce, and served on many important committees of 
both organizations. Although the scope of his work in connection 
with his business was always broad, Mr. Crighton also gave close 
consideration to the educational, religious and missionary problems 
of the city, and for many years was one of the prime movers in 
that important work. He was especially interested in Sunday 
school work, and was one of the leading lights of Erie Chapel of the 
Third Presbyterian Church, in which he was an elder for many 
years. He was also deeply interested in the Chicago Foundlings' 
Home, and was one of the trustees of that institution. His kind 
heart and sympathetic nature were evident in all matters tending 
to the public good and he was ever active in furthering useful, help- 
ful and elevating institutions. During his identification with the 
business interests of Chicago, he also reached a broad field of activ- 
ity and usefulness, and at all times his sympathy and support was 
with the measures that in any way benefited the city. In business 
life he was alert, sagacious and reliable ; as a citizen he was honor- 
able, prompt and true to every engagement, and his death, which 
occurred February 17, 1917, removed from Chicago one of its most 
valued citizens. In August, 1882, Mr. Crighton was united in mar- 
riage with Miss Minnie Wade Hanna, of Chicago, a daughter of 
William J. and Jane (Wilson) Hanna, pioneers of this city, and 
they became the parents of two sons ; Charles Hanna, who died 
December 1, 1915, was a member of the Board of Trade, and was 
one of the active members of the organization. The youngest son, 
James Millar Crighton, is also a member of the Board of Trade, 
and is numbered among Chicago's most enterprising and conserva- 
tive young men, being a trusted employe of the firm of Pope & 
Eckhardt, commission merchants. Mrs. Crighton, like her hus- 
band, is active in all good work, and is a woman of exceptional 
mental capacity and much beauty of character. She has long taken 
a deep interest in church work, and is greatly admired for her 
sterling qualities ^nd social and philanthropic activities. Mr. 
Crighton was a Mason of high standing, being identified with 
Blair Lodge, No. 393, A. F. & A. M., a life member of York Chap- 
ter, and a member of Columbia Commandery and Medina Temple. 
He was a life member of the Art Institute of Chicago, and was also 
identified with the Westward Ho Golf Club. Although he had 
many warm friends and was prominent in social circles, he was 
devoted to the pleasures of home life, and his happiest moments 
were always spent at his own fireside. He found pleasure in pro- 
moting the welfare of his wife and children, and was a loving 
husband and an indulgent father. The originality and profound 
grasp of his intellect command respect, and yet these were not all 
of the man. In every relation of life were shown the light that 



82 HISTORY OF THE BOARD OF TRADE 

comes from justness, generosity, truth, high sense of honor, proper 
respect for self and a sensitive thoughtfulness for others. What a 
magnificent legacy such a man leaves to the generations who shall 
come after him. 

Franklin M. Crosby. — Pertinent to the great grain industry of 
the United States it is to be noted that there exists a specially close 
and important reciprocal relationship between the cities of Chicago 
and Minneapolis, the former being the world's center of the com- 
mercial phases of the grain business and the metropolis of Minne- 
sota being the greatest of the world's flour manufacturing centers, 
as well as a point to which incidentally must needs tend much of the 
movement from the great grain-producing districts of the North- 
west. The alliance between the two cities is significantly furthered 
in this line by the fact that many of the leading representatives of 
the great flour-milling concerns of Minneapolis conserve commer- 
cial expediency by retaining membership in the Board of Trade 
of the City of Chicago, even as do also many of the prominent and 
influential exponents of the grain business in Minneaplis. The 
Board of Trade thus gains much through claiming as one of its 
active members Franklin M. Crosby, who is a Director of the world- 
renowned Washburn-Crosby Company, which owns and operates 
in Minneapolis the largest flouring mills in the world, the status of 
the same being such that there is no necessity of attempting any 
detailed description within the necessarily limited confines of this 
review. It may, however, be stated in an incidental way that the 
daily capacity of the Washburn-Crosby mills is for the output of 
forty thousand barrels of flour. Mr. Crosby has been a member of 
the Chicago Board of Trade since 1915, and is likewise one of the 
influential members of the Minneapolis Chamber of Commerce. 
Franklin M. Crosby was born in Minneapolis, Minnesota, on the 
11th of January, 1879, and is one of the three children of John and 
Ollie (Muzzy) Crosby.. John Crosby, son of John and grandson of 
John Crosby, was a scion of one of the prominent colonial families 
of New England and was born at Hampden, Penobscot County, 
Maine, November 1, 1829. He was reared and educated in the Pine 
Tree State and in 1877 he established his residence in Minneapolis, 
where he became one of the leading exponents of the great flour 
manufacturing industry which has made the name of the city famous 
throughout the civilized world. He was at the time of his death the 
President of the Washburn-Crosby Company, which purchased and 
assumed control of the celebrated mills that had been established by 
the late Governor John S. Washburn, and of this executive office he 
continued the incumbent until his death, December 29, 1888, at the 
age of fifty-nine years. John Crosby, a man of splendid character 
and fine ability, gained prestige as one of the captains of industry 
in the West and in all of the relations of life honored a name that 
has been worthily identified with American history since the 



OF THE CITY OF CHICAGO 83 

colonial era. To the excellent public schools of his native city 
Franklin M. Crosby is indebted for his early educational discipline, 
and virtually his entire business career has been marked by his close 
and effective association with the great industrial corporation of 
which he is now a Director and of which his elder brother, John 
Crosby IV., is President, his active connection with the business of 
the Washburn-Crosby Company having had its inception in the year 
1897. He has proved himself well fortified for the responsibilities 
that devolve upon him as one of the leading business men and citi- 
zens of the Minnesota metropolis, and his membership on the 
Chicago Board of Trade makes it a privilege to accord to him this 
recognition in the history of that great commercial organization. 
In politics he gives his allegiance to the Republican party, and he 
and his wife are members of the Presbyterian church. Mr. Crosby 
was married to Miss Clara McKnight, a daughter of Samuel T. 
McKnight, of Minneapolis, and they have seven children. 

Albert E. Cross. — Another of the native sons of Illinois who 
has gained prominence and influence in connection with the com- 
mission trade in Chicago and as a progressive and valued member 
of the Board of Trade, is Albert Eugene Cross. Mr. Cross was 
born in the city of Aurora, Kane County, Illinois, on the 6th of 
March, 1870, and is a son of Professor J. George Cross and Evalina 
(Perry) Cross, his father having attained to marked distinction as a 
representative of the pedagogic profession and having been promi- 
nent in connection with educational affairs in Illinois and more 
especially as author of the shorthand system known as the "Cross 
Eclectic." He whose name initiates this review gained his earlier 
education in the public schools of Aurora and Bloomington, Illinois, 
and later had the privilege of continuing his studies in the royal 
gymnasiums of the cities of Berlin and Leipzig, Germany. His 
facility as a stenographer gained to him his first employment after 
he had established his residence in Chicago, but his ability and 
ambition did not long permit him to serve in subordinate position. 
He profited by the valuable experiences of every-day life and 
pressed forward to the goal of his ambition, with the result that he 
eventually became a successful factor in the provision business and 
through the medium of which he has gained success that is worthy 
the name and that marks him as one of the representative members 
of the Board of Trade of the City of Chicago. His membership in 
this great organization of the western metropolis dates from the 
year 1895, and that he has taken a lively and loyal interest in its 
government and general activities is indicated emphatically by the 
fact that he has been called upon to serve as a Director and also as 
Vice-President of the Board. In his independent business associ- 
ations he was for years a member of the well-known firm of Ells- 
worth & Cr9ss, lately succeeded by Cross, Roy & Saunders, incor- 
porated, an influential concern in the commission trade of Chicago, 



84 HISTORY OF THE BOARD OF TRADE 

with offices at 140 West Van Buren street. Mr. Cross is a member 
of the Union League Club of Chicago and of the LaGrange Country 
Club, and is a staunch advocate of the cause of the Republican 
party. Both he and his wife are active members of the Methodist 
Episcopal church, and they reside at LaGrange, Illinois. The mar- 
riage of Mr. Cross to Miss Fannie Ferre was solemnized October 
16, 1896, and they have no children. 

Henry Parsons Crowell. — Among the active business men of 
Chicago today who have established a reputation for integrity and 
achieved honorable success on the Board of Trade, none are more 
worthy of mention in a work of this character than Henry P. 
Crowell, President of the Quaker Oats Company. His rise to dis- 
tinction is the result of his own efforts, and his career demonstrates 
what a man can do if he has pluck and perseverance. He was born 
in Cleveland, Ohio, January 27, 1855, a son of Henry L. and Anna 
(Parsons) Crowell, and the public schools of that city and Greylock 
Institute, South Williamstown, Massachusetts, aiTorded his educa- 
tion. In 1881 he became President of the Quaker Mill Company, at 
Ravenna, Ohio, and filled that position until June, 1891, when that 
company was sold to the American Cereal Company, of Akron, 
Ohio, of which he was made Vice-President and General Manager. 
His ability was soon demonstrated and his proficiency acknowl- 
edged, in February, 1898, by promotion to the Presidency, a position 
he has since filled. Upon the organization of the Quaker Oats 
Company, of which he was one of the founders, he was made Presi- 
dent, and has since filled this position. He is also Vice-President 
of the Cleveland Foundry Company, and his progressive spirit is 
evident in many ways. Although the scope of his work in various 
business interests have always been broad. Mr. Crowell has also 
been active in church and educational affairs for many years, and 
has been one of the prime movers in all good work. As trustee of 
the McCormick Theological Seminary and President of the Board 
of Trustees of Moody Bible Institute and chairman of the Laymen's 
Evalgehstic Council, his eiTorts have given decided impetus to the 
work and his labors have gained him distinction both at home and 
abroad In business life he has reached a broad field of activity and 
usefulness, and no citizen of Chicago is more deeply interested in 
the material, intellectual and moral progress of the city. As a busi- 
ness man he is alert, sagacious and reliable, and his labors have not 
only been an element in promoting his own success, but have also 
constituted a potent factor in the development of business. His 
influence is all the more efficacious from the fact that it is moral 
rather than political, and is exercised for the public weal as well as 
for personal ends. In his religious faith he is a Presbyterian, while 
in political affiliation he is a Republican, though is independent, and 
always casts the weight of his influence in support of /"^^ ^J^ 
measures working for the public good. He is a member of the 



OF THE CITY OF CHICAGO 85 

Chicago, Onwentsia, Union League, Skokie and Indian Hill Clubs, 
and is also a member, and the present President of the Committee 
of Fifteen, a civic organization for the prevention of panderism and 
commercial vice. From May, 1913, to May, 1916, he was a member 
of the Executive Commission of the Presbyterian Church of the 
United States of America. His membership in the Chicago Board 
of Trade dates from April 13, 1899. By his marriage with Susan 
Coleman, of Cleveland, Ohio, Mr. Crowell became the father of one 
son, Henry C. He also has a daughter, Anna B. (Mrs. Dr. Fred- 
erick C. Herrick, of Cleveland, Ohio), by a former marriage with 
Lillie A. Wick, deceased. The family home for many years has 
been at Winnetka, Illinois. It is a hospitable one, where good cheer 
abounds, and where their many friends are always welcome. Al- 
though unostentatious in manner, Mr. Crowell is recognized as a 
man of earnest purpose and progressive principles. He has always 
stood for the things that are right, and for the advancement of citi- 
zenship, and is interested in all that pertains to modern improve- 
ments along material, intellectual and moral lines. His career is 
one of which he has reason to be proud, for never was a man's suc- 
cess due more to his own native ability and less to outward circum- 
stances. Nothing came to him by chance. He has reaped only 
where he sowed, and the harvest with its valued aftermath came 
to him alone through energy, industry and perseverance. He 
reached his high position through no favors of influential friends, 
but worked his way up from the bottom rung of the business ladder 
by sheer pluck and marked ability, and his achievements are the 
merited reward of earnest, honest efTorts. 

Robert F. Cummings. — When the history of the Chicago Board 
of Trade and her prominent men shall have been written, its pages 
will bear no name more worthy than that of the late Robert Fowler 
Cummings, of this city. Although two years have passed since he 
was called to his final rest, he lives in the memory of his friends as 
the highest type of a loyal citizen and an honorable, conscientious 
man. His love of principle and strength of character gained for him 
the respect of all with whom he came in contact, and his humane 
sympathy and charities brought men to him in the ties of strong 
friendship. During his active career in Chicago, which covered 
nearly half a century, he reached a broad field of activity and use- 
fulness, and no citizen of this community had in larger measure the 
esteem of his fellows nor exerted a stronger influence for the ad- 
vancement of citizenship. Mr. Cummings was born in North Ox- 
ford, Massachusetts, June 17, 1848, the only son of Abel B. and 
Emily (Fowler) Cummings. He was five years of age when his 
parents came to Illinois, and his early education was obtained in 
the public schools of Wenona. He later became a student in Lake 
Forest Academy, and also received private instructions from his 
father, who had been an educator at Granville, Illinois. His en- 



86 HISTORY OF THE BOARD OF TRADE 

trance into business was under excellent preceptorship, for while 
still a youth he was associated with the firms of B. Fowler and 
E. S. Fowler & Co., the gentlemen in each firm being his uncles. 
He combined in rare degree, in his business qualifications and his 
standards of life, those characteristics which make for success in its 
truest and best form. He achieved a name and position in the busi- 
ness world that few men of his time and locality have gained. With 
honor and without animosity he fought his way through the 
supreme contests of commercial transactions in which only the 
fittest survive. His career was one that redounds to his credit and 
places his name high in the estimation of his fellow men. While in 
the employ of B. Fowler Mr. Cummings worked for one year on 
the Chicago Board of Trade, and in 1870 he acquired a one-third 
interest in the dry goods establishment of E. S. Fowler & Co., at 
Wenona, Illinois, where he continued in mercantile pursuits for 
seven years. In August, 1877, the firm sold out and Mr. Cummings 
removed to Clifton, Iroquois County, Illinois, where he established 
himself in a modest way in a grain and coal enterprise. Energy, 
sagacity and straightforward business tactics resulted in developing 
this venture to large proportions and he eventually became the 
owner of elevators at Clifton, Oilman, Chebanse, Irwin, Martinton, 
Papineau, Pittwood, all in Iroquois County, Illinois, and at Otto 
and St. Anne, in Kankakee County, Illinois. These elevators fur- 
nished a total storage capacity of 1,000,000 bushels of grain, and 
besides this enterprise he also conducted a retail coal business at 
each elevator. In 1903 the business was incorporated under the 
firm name of the R. F. Cummings Grain Company, with Mr. Cum- 
mings as President. The firm was capitalized for $90,000, of which 
Mr. Cummings owned 85 per cent of the stock. He continued as 
the executive head of this vast business until the time of his demise, 
and also had numerous other holdings, which included 3,500 acres of 
fine land in Illinois and 2,500 acres in Iowa, the Vice-Presidency 
of the Hyde Park State Bank of Chicago, a general grain business 
on the Chicago Board of Trade, a private banking business at Clif- 
ton, and directorships in the Grain Dealers' National Fire Insurance 
Company of Indianapolis, the First Trust & Savings Bank of Wat- 
seka, Iroquois County, Illinois, and the Martinton State Bank of 
Martinton. In 1898 Mr. Cummings removed with his family to 
Chicago and located at No. 5135 Dorchester avenue, Hyde Park. 
The same qualities which had won him standing and friendships at 
Clifton soon attracted to him a wide circle of friends, both in busi- 
ness and social life, and when his death occurred suddenly, 
December 31, 1914, there were left scores in his new locality to 
mourn his loss. His funeral, at Clifton, was more largely attended 
than any similar event in the history of the city. It is rare that one 
finds in the present-day struggle for supremacy in business an 
individual who combines ability in commercial transactions with 



OF THE CITY OF CHICAGO 87 

a love for the aesthetic. Mr. Cummings was such a man. He was 
blessed with an appreciation of the beautiful in nature and art. 
Because of his donation in collections from the Philippine Islands, 
he was made one of the five honorary members of the Field Colum- 
bian Museum of Chicago. He was a life member of the Art Insti- 
tute of Chicago and a member and Director of the Chicago Geo- 
graphical Society. His various social connections included a life 
membership in the Hamilton Club of Chicago. He was a member 
also of the South Shore Country Club, the Chicago Athletic Associ- 
ation and the Chicago Board of Trade. Although not a politician, 
he regarded public service as a stern responsibility, and when called 
upon to serve as mayor of Clifton did so cheerfully and conscien- 
tiously, and with such ability that he was retained in that office 
for ten years. On July 6, 1874, Mr. Cummings was united in mar- 
riage to Miss Mary A. Marston, of Onarga, Iroquois County, Illi- 
nois, and they became the parents of six children : Lenora ; Marion 
Marston (Mrs. Ralph C. Stevens, of Glen Ridge, New Jersey) ; 
Florence (wife of Thomas J. Hair, of Chicago) ; Irene, who per- 
ished in the Iroquois Theater fire, December 30, 1903; Austin Ben- 
jamin, who died in infancy, and Marston. 

Although unostentatious in manner, Mr. Cummings was recog- 
nized as a man of earnest purpose and advanced ideas. He always 
stood for the things that were right, and for the advancement of 
citizenship and was interested in everything that pertained to mod- 
ern improvements along material, intellectual and moral lines. His 
career was without a blemish, and is one of which his family have 
reason to be proud. In his home, in social and in business circles, 
he was kind and courteous, and no citizen of Chicago was more 
respected or enjoyed the confidence of the people or more richly 
deserved the regard in which he was held. Although active in 
business and social life, Mr. Cummings' strongest interests were 
centered in his home. He was devoted to the pleasures of home life 
and his happiest moments were always spent at his own fireside. 
He found pleasure in promoting the welfare of his wife and children, 
and was a loving husband and an indulgent father. The originality 
and profound grasp of his intellect command respect, and yet these 
were not all of the man. In every relation of life were shown the 
light that comes from justness, generosity, truth, high sense of 
honor, proper respect for self and a sensitive thoughtfulness for 
others. What a magnificent legacy such a man leaves to the gener- 
ations who shall come after him. 

Theodore E. Cunningham. — Controlling a substantial and im- 
portant brokerage business in the handling of stocks, bonds, grain 
and cotton, the well-known firm of Harris, Winthrop & Co., of which 
Mr. Cunningham is a member, maintains a status of no little priority 
in connection with these lines of enterprise in the city of Chicago, 
and to upholding the high prestige and furthering the expansion of 



88 HISTORY OF THE BOARD OF TRADE 

the business of this representative firm Mr. Cunningham has con- 
tributed in large degree since he identified himself with the concern 
in 1907. He has been a member of the Board of Trade since 1898, 
and his popularity and influence in connection with the activities of 
this great commercial body are indicated by his incumbency in 1916 
of the ofifice of member of its Board of Directors. In one of his 
characteristic post-prandial addresses Hon. Chauncey M. Depew 
gave voice to the following curious metaphrase of a familiar quota- 
tion : "Some men are born great, some achieve greatness, and some 
are born in Ohio." Under the final clause of this category Theodore 
Ellis Cunningham can claim prestige, for he was born at Lima, the 
judicial center of Allen County, Ohio, on the 7th of August, 1868, a 
son of Theodore E. and Elizabeth (Hyatt) Cunningham. He gained 
his youthful scholastic discipline in the public schools, and later 
he entered the service of J. F. Harris & Co., stock, bond and grain 
brokers, in the ofifice of the concern in the city of Omaha, Nebraska. 
About two years later he was transferred to the firm's Chicago head- 
quarters, and he continued his active association in this connection 
until 1898, when he became a member of the Board of Trade and 
also assisted in the organization of the corporation of Harris, Scotten 
Company, of which he became Secretary and Treasurer. His busi- 
ness alliance with J. F. Harris has been virtually consecutive during 
the entire period of his business career, and he has been since 1907 
a member and valued executive of the firm of Harris, Winthrop & 
Co., which maintains offices both in New York and Chicago, and 
which is represented on the stock exchanges of both of these metro- 
politan centers. Though emphatically loyal and progressive in his 
civic attitude and taking a deep interest in public affairs, Mr. Cun- 
ningham is independent of strict partisan lines in politics. He and 
his wife hold membership in the Presbyterian church, and he is 
identified with numerous Chicago social organizations of represen- 
tative order, including the Chicago Club, the Chicago Athletic Club, 
the Glen View Golf Club, and the Evanston Country Club, the fine 
suburban city of Evanston being his place of residence. On the 4th 
of October, 1894, was solemnized the marriage of Mr. Cunningham 
to Miss Harriet Whiteman, and they have one daughter — Mary 
Elizabeth. 

John F. L. Curtis. — A constituent member of one of the promi- 
nent and substantial commission firms represented on the Board of 
Trade, Mr. Curtis is another of the native sons of Chicago who 
are playing worthy and important parts in the city's industrial and 
commercial life and in the activities of the Board of Trade, of which 
he has been a member since 1901, with secure place in the confi- 
dence and good will of its other members. He has had a long and 
varied experience in connection with the grain and stock brokerage 
business and as a representative of the same has maintained a 
high reputation. He is a member of the firm of Clement, Curtis & 



OF THE CITY OF CHICAGO 89 

Co., and of its senior member, Allan M. Clement, specific mention 
is made on other pages of this work. This progressive firm, firmly 
established in control of a large commission business in stocks and 
grain, has membership not only on the Board of Trade of the City 
of Chicago, but also upon the Chicago Stock Exchange, the New 
York Produce Exchange, the New York Stock Exchange, the New 
York Cotton Exchange, the New York Cofifee Exchange and the 
New Orleans Cotton Exchange — alliances that indicate the broad 
scope of its operations. Mr. Curtis was born in Chicago on the 
20th of December, 1865, and is a son of John F. and Harriet S. 
(Wilson) Curtis, his father having become identified with Chicago 
business interests at a time when the city gave slight indication or 
promise of developing into the great metropolis of the present day. 
He whose name introduces this article is indebted to the public 
schools of Chicago for his early educational training, and during the 
greater part of the first decade of his business career as a young 
man he was in the employ of the wholesale grocery house of Frank- 
lin MacVeagh & Co., which has long been known as one of the great 
commercial concerns lending prestige to Chicago. In 1901 the firm 
of Kneeland, Clement & Curtis was formed and was succeeded in 
1907 by the present firm of Clement, Curtis & Co. The business has 
been continued successfully under the most effective auspices and 
careful and able control on the part of aggressive and steadfast busi- 
ness men, each of broad experience in the domain of commerce and 
industrial enterprise. In the upbuilding of this substantial business 
Mr. Curtis has played an important part and he merits consistent 
classification among the representative business men of his native 
city. His political allegiance is given to the Republican party, and 
he is a loyal and popular member of the Union League, the Chicago 
Athletic and the Exmoor Country clubs, his residence being in the 
beautiful suburb of Highland Park. In June, 1897, Mr. Curtis 
wedded Miss Frances E. Witbeck, and they have two children, John 
Guernsey and Dorothy Frances. 

Seabury Davies. — The city of Baltimore, Maryland, is not lack- 
ing in prominent representation on the membership rolls of the 
Board of Trade of the City of Chicago, and has such distinction in 
no secondary way through the membership of Mr. Davies, who is 
junior member of the well-known and important banking and 
brokerage firm of Poe & Davies, in which his partner is Philip L. 
Poe. This is one of the prominent concerns of the kind in Balti- 
more, where its offices are at the corner of Fayette and Calvert 
streets, and the firm is represented also in membership on the New 
York Stock Exchange, the Baltimore Stock Exchange and the Amer- 
ican Bankers' Association. Mr. Davies takes just pride in reverting 
to the historic Old Dominion State as the place of his birth, and to 
the fact that he is a scion of one of its old and honored families, his 
parents having passed their entire lives in Virginia, where his 



90 HISTORY OF THE BOARD OF TRADE 

father was a successful planter for many years prior to his death, 
which occurred in 1884. Seabury Davies was born in Virginia, on 
the 8th of November, 1880, and is a son of John F. and Caroline W. 
(Smith) Davies. Mr. Davies attended the excellent schools of his 
native State until he had availed himself fully of the advantages of 
the high school, and he early began to depend largely on his own 
resources. He became a clerk in the offices of E. N. Morrison, 
engaged in business in Baltimore, and he remained thus engaged 
until 1898. Since 1904 he has been here actively and successfully 
engaged in the banking and brokerage business and his rise has 
been achieved entirely through his own ability, energy and well 
ordered endeavors, the firm of Poe & Davies having been formed in 
1908 and the alliance having proved a most effective medium for the 
development of a substantial and prosperous business which in- 
cludes a large commission trade in grain, so that the firm consist- 
ently finds representation on the Chicago Board of Trade, the 
membership of Mr. Davies dating from the year 1908. In politics 
Mr. Davies was reared in the faith of the Democratic party, to 
which he has ever given unfaltering allegiance, and in his home city 
he is a member of various representative civic and social organiza- 
tions, including the Baltimore Club and the Baltimore Country 
Club. Mr. Davies was married to Miss Harrison, who likewise 
was born and reared in Virginia, a member of one of its old and 
distinguished families. She is a daughter of the Hon. Thomas W. 
Harrison, who is representing the Winchester, Virginia, district in 
the United States Congress in 1917, and who is one of the most 
prominent and influential members of the Winchester bar, besides 
having served with distinction on the bench, and he is known as a 
leading lawyer and jurist of Virginia. 

Minthome M. Day. — He whose name introduces this review 
first became a member of the Chicago Board of Trade in the year 
1897, and has been identified with the grain trade from the time of 
initiating his business career when he was a youth. He has become 
well known as one of the successful and influential representatives 
of this important line of enterprise in both Illinois and Iowa, his 
activities as a grain commission merchant having been of broad 
scope and importance. He is now a member of the firm of Simons, 
Day & Co., which maintains headquarters in Chicago, besides five 
other offices in Illinois and four in Iowa, his place of residence being 
at Earlville, LaSalle County, Illinois, where is situated one of the 
offices of his firm. In view of the fact that Mr. Day's father, the late 
Minthorne Day, had been for fully a quarter of a century one of the 
extensive grain dealers of Illinois, as well as an honored member of 
the Board of Trade for many years, it is pleasing to note the suc- 
cess and precedence which the son has gained in the same connec- 
tions. Minthorne M. Day was born at Peru, LaSalle County, Illi- 
nois, on the 14th of May, 1876, and is a son of Minthorne and 



OF THE CITY OF CHICAGO 91 

Caroline M. (Stockdale) Day, the former of whom died in 1903 and 
the latter of whom still survives. The public schools of his native 
county afforded to Minthorne M. Day his youthful educational ad- 
vantages, and immediately after leaving school he became associ- 
ated with his father's grain business, so that he has virtually grown 
up in the domain of commercial and industrial enterprise in which 
he is now found to be a prominent and successful operator. He made 
the best use of the opportunities presented, applied himself diligently 
and energetically and his alert mentality enabled him to absorb 
and assimilate the varied and detailed knowledge which he gained 
at each successive stage of progress. He has shown marked re- 
sourcefulness as an extensive representative of the grain business 
throughout the fine agricultural districts of Illinois and Iowa and his 
connection with the business in these two States has been inter- 
rupted but once — when he passed two years in States of the extreme 
West. He was formerly a member of the firm of MacKenzie & 
Day, which conducted a large volume of business in the grain com- 
mission trade and the Chicago offices of which were maintained in 
the Continental & Commercial National Bank Building. He be- 
came a member of the Board of Trade of Chicago in 1897. By 
mutual consent the firm of MacKenzie & Day was dissolved on the 
2d of December, 1916, and Mr. Day then became one of the organ- 
izers of the present representative commission firm of Simons, 
Day & Co., to the affairs of which he is giving his close and able 
attention. Outside of the Chicago office the firm employs a large 
corps of men, and the business is one of large volume and controlled 
according to the highest code of commercial ethics and with the 
most progressive of executive policies. As a loyal and public- 
spirited citizen Mr. Day is found aligned as a staunch supporter 
of the principles of the Republican party, he and his wife are mem- 
bers of the Presbyterian church at Earlville, and he is affiliated with 
the Benevolent & Protective Order of Elks. In the year 1903 Mr. 
Day wedded Miss Cordelia Fuller, a daughter of N. J. Fuller, of 
Berea, Ohio, and the two children of this union are Mildred M. 
and Minthorne M., Jr. 

Winfield S. Day. — At the last annual election of the Board of 
Trade, Winfield Scott Day was elected a member of its Directorate, 
for a term of three years — 1917-18-19. He has signalized at all 
times his deep interest in and appreciation of the Board of Trade, 
and as a Director of the same finds opportunity for exemplifying 
this loyalty in effective service. In his activities as a grain com- 
mission merchant, Mr. Day is Secretary and a Director of Simons, 
Day & Co., of which firm he was one of the organizers and incorpo- 
rators on December 1, 1916. He has literally builded the ladder 
on which he has risen to a plane of influence in this line of business 
enterprise to be an official of the greatest commercial body of its 
kind in the world — as his initial service was in the capacity of errand 



92 HISTORY OF THE BOARD OF TRADE 

boy for the old established Board of Trade firm of William H. 
Beebe & Co. He later gained cumulative valuable experience 
through his alliance in more responsible positions with several of 
the largest commission houses and shipping firms represented on 
the Board of Trade. From 1898 to 1902 he was associated with 
Churchill & Co., after which he was connected with Logan & 
Bryan until 1906. Mr. Day was engaged in the real estate busi- 
ness for several months, but his long association with the grain 
trade had promoted an allegiance which was not thus easily to be 
broken, and in 1907 he connected himself with the firm of Pringle, 
Fitch & Rankin, which alliance he maintained until 1913. In 1914 
he formed a partnership with John F. MacKenzie, and engaged in 
the independent commission business, under the firm title of Mac- 
Kenzie & Day. This alliance obtained until the latter part of 1916, 
and in December of the same year he became one of the organizers 
and incorporators of Simons, Day & Co. Mr. Day's ability and 
experience in the grain business make him a potent force in the 
development and advancement that are making the record of the 
new concern, and which are destined to give it a position of prom- 
inence and influence in connection with the activities of the Board 
of Trade. He is the son of Minthorne M. and Caroline (Stockdale) 
Day, and was born September 20, 1880, at Peru, 111. Mr. Day was 
married to Imelda Grace Boyle on April 10, 1901, and they have 
three children — Clarisse L., Virginia J. and Winfield Scott, Jr. He 
is affiliated with the Knights of Columbus, and the Royal Arcanum, 
and is identified with the Union League Club, the Chicago Automo- 
bile Club and the Elmhurst Golf Club. 

Eugene H. de Bronkart. — A popular and representative mem- 
ber enlisted as one of the younger generation of aggressive, vital 
and successful factors on the roster of the Board of Trade is he 
whose name initiates this paragraph and who has proved a resource- 
ful and successful figure in connection with stock operations, and 
he is an interested principal in the well-known firm of Ferry, Price 
& Co., with offices at 131 South LaSalle street. Mr. de Bronkart 
was born in the city of Denver, Colorado, December 27, 1888, and 
is a son of Gustave C. de Bronkart. His father was born at Brus- 
sels, Belgium, and as a citizen of the United States has given his 
attention principally to diplomatic service. Eugene H. de 
Bronkart received the best of educational advantages in his boy- 
hood and youth, and after a course in Lake Forest Academy, at 
Lake Forest, a suburb of Chicago, he was matriculated in fine old 
Williams College, in Massachusetts, in which institution he was 
graduated with the degree of Bachelor of Arts, as a member of the 
class of 1912. His business career had its inception in Chicago 
and has been one of close association with the successful handling 
of stocks and bonds, the while he has been since 1913 an active 
and popular member of the Board of Trade. Appreciative of the 




^S^,c^^ywv^(:^<^^^?^o^^,-^ 



OF THE CITY OF CHICAGO 93 

finer amenities and associations of social life, Mr. de Bronkart has 
became actively identified with representative civic organizations 
in Chicago, including the University Club, the Casino Club, and the 
Exmoor Country Club. He holds membership also in the Adiron- 
dack League, the Williams University Club of New York City, and 
the Chi Psi college fraternity. Both he and his wife are communi- 
cants of the Protestant Episcopal church, in which they are mem- 
bers of the fine old Trinity church, on Michigan boulevard, at 
Twenty-sixth street. On the 22d of January, 1916, was solemnized 
the marriage of Mr. de Bronkart to Miss Eleanor V. G. Davies, of 
New York City. 

Arthur G. Delany.— Nearly twenty years of active and prac- 
tical association with the grain commission trade in Chicago have 
given to Arthur Gibbs Delany varied and fortuitous experience in 
this domain of industrial and commercial enterprise, and he is one 
of the loyal and popular brokers represented on the Board of Trade, 
of which he has been a member since 1901. He was for three years 
connected with the Weare Grain Company, and for ten years there- 
after he was associated with the prominent Board of Trade firm 
of Logan & Bryan. Upon severing this alliance he became one of 
the executive principals in the commission firm of Thomson & 
McKinnon, which maintains offices not only in Chicago, but also 
in the city of Indianapolis, Indiana. Mr. Delany is known as a 
resourceful and vigorous trader on 'Change and is one of the popu- 
lar members of the Board of Trade. In politics Mr. Delany gives 
his allegiance to the Democratic party. He and his wife are com- 
municants of the Catholic church. He is affiliated with the Knights 
of Columbus, and he holds membership in the Chicago Athletic 
Club, the Germania Club, and the Westmoreland Country Club. 
January 21, 1903, was solemnized the marriage of Mr. Delany to 
Miss Delia C. Williamson, and the two children of this union are 
Arthur G. and Mary Kathryn. Reverting to the earlier stages in 
the life history of Mr. Delany, it may be noted that he was born in 
the city of Baltimore, Maryland, May 20, 1877, and that he is a son 
of James H. and Julia Delany. In his native city he was afforded 
the advantages of St. Patrick's Academy, and later he attended the 
high school at Joliet, Illinois, in which city his parents had estab- 
lished their home. His early business experience was gained as 
a telegraph operator, and in this connection he was employed in 
turn by the Western Union Telegraph Company and the Postal 
Telegraph Company. It was through these associations that he 
first became interested in the affairs of the Board of Trade, and, 
taking advantage of opportunities, he made his way forward to the 
goal of success in connection with the commission grain business. 

Frank J. Delany. — All who have had occasion to come in even 
comparatively close touch with Frank Joseph Delany have had 
occasion to realize that his personality is expressed in specially 



94 HISTORY OF THE BOARD OF TRADE 

intense individuality, and this individuality has "grown by what 
it fed on" — from the time when he exercised the stern prerogatives 
of a practical newspaper man up through his progressive course to 
his present status as one of the well-known, prominent and influen- 
tial representatives of the cash grain operations on the Board of 
Trade of the City of Chicago, of which important commercial organ- 
ization he has been an appreciative and popular member since 1907. 
His influence in connection with the Board of Trade has been 
directed along varied channels, and to him special distinction ap- 
plies through his initiation and able advocacy of the "harmony" 
idea, which, in 1914, brought about an end of the strife and con- 
flicting activities between cash grain interests on the Board of 
Trade. He has represented the Board at various conventions and 
conferences of important order and has served with characteristic 
loyalty and efficiency as a member of various committees of the 
Board. Mr. Delany is essentially and emphatically a man of 
thought and action, and his civic ideals are of the highest and most 
practical type, as shown in definite work achieved by him. With 
broad and well-fortified views concerning the value of and demand 
for adequate water transportation facilities as a medium through 
which to advance industrial and commercial prosperity, especially 
in the improving of the internal facilities of this kind, he has been 
active and influential in connection with the deep waterway affairs 
in Illinois. Before the State legislature he has appeared repeatedly 
in behalf of the commercial interests of the Illinois Valley as 
affected by the Illinois and Michigan Canal, and he has otherwise 
been a consistent and earnest supporter of movements tending prop- 
erly to advance commercial transportation interests through the 
medium of waterways that are now partially or entirely neglected. 
Mr. Delaney is a broad-gauged and progressive citizen, but has 
never sought or held political office. The independent business 
career of Mr. Delany virtually had its inception when he became 
a buyer of grain at Ladd, Bureau County, Illinois, where he con- 
tinued his activities along this line of enterprise from 1893 to 1895. 
He then became city editor of the Daily Democrat at LaSalle, 
Illinois, but journalism did not long restrict that individuality which 
has demanded a vigorous play at all stages of his career. In 1896 
Mr. Delany came to Chicago, and for the ensuing nine years he held 
the position of traveling representative for the prominent grain 
commission concern of Nash-Wright Company. In 1904 he became 
Vice-President of the Nash-Ferguson Grain Company, at Kansas 
City, and later he assumed the dual office of Vice-President and 
Manager of the Elwood Grain Company, at St. Joseph, Missouri, 
in which city he continued his activities until 1907, when he re- 
turned to Chicago and, fortified by broad and varied experience, 
became associated with the commission firm of J. C. Shaffer & Com- 
pany, the forming of this alliance being practically simultaneous 



OF THE CITY OF CHICAGO 95 

with his becoming a member of the Board of Trade. In 1908 Mr. 
Delany engaged in the commission trade in an individual way. His 
recognized energy and ability, have brought to him importance 
as one of the well-informed and active grain merchants on the 
Board of Trade. He is at the present time President and Manager 
of the Cragin Elevator Company, the extensive elevators of which 
are located at Cragin, a virtual suburb of Chicago, and is also Presi- 
dent and Manager of the Cragin Products Company, of Chicago. 
In 1902-3 Mr. Delany was an unofficial representative of the United 
States Department of Agriculture in an interesting and profitable 
trip to Argentina, South America, and in this connection he wrote 
and submitted to the Government a confidential report on grain 
conditions and grain commercial methods and systems in that im- 
portant country. He also wrote a specially valuable work, entitled 
"Argentina from a Grain Man's Point of View," and this work, 
published in book form, is now found in nearly all commercial 
libraries of importance, both in this country and abroad. At Kan- 
sas City, Missouri, on the 19th of June, 1907, was solemnized the 
marriage of Mr. Delany to Miss Estil Marion Wood, and they have 
three children — Cicely, Frank and Richard. Mr. Delany is a native 
son of Illinois, his birth occurring at Peru, November 2, 1875. He 
attended the public and parochial schools, supplementing this by a 
course of study at St. Bede's College, Peru, Illinois, in which he 
was graduated in 1893 with the degree of Master of Accounts. 

J. Murdoch Dennis. — The grain commission trade in the city 
of Baltimore, Maryland, has a progressive and successful exponent 
in the person of Mr. Dennis, who is associated in business with 
A. R. Dennis, under the firm name of Dennis & Co. and with offices 
in the building of the Baltimore Chamber of Commerce, in which 
the firm has membership. He whose name introduces this article 
is known as one of the vital, loyal and successful young business 
men of his native city, and consistency was observed when, in 1910, 
he enrolled his name on the membership records of the Chicago 
Board of Trade, his alliance in this respect, as coupled with his 
character and achievement, marking him as definitely eligible for 
representation in this history. Mr. Dennis was born in Baltimore 
on the 15th of April, 1882, and is a son of John and Anna (Murdoch) 
Dennis. John Dennis was numbered among the influential mem- 
bers of the bar in the city of Baltimore, attained to distinction in 
the exacting profession of his choice, and was one of the leading 
lawyers of the Monument City at the time of his death, in Sep- 
tember, 1916. J. Murdoch Dennis had the fortuitous advantages of 
a home of signal culture and refinement, and thus was fostered an 
ambition that made him profit fully by the privileges afiforded in 
the public schools of his native city. After leaving the high school 
he entered into business affairs in a subordinate way, and his ad- 
vancement has been compassed through his ambitious and deter- 



96 HISTORY OF THE BOARD OF TRADE 

mined purpose and diligent application, increasing responsibilities 
having at all stages found him prepared for their assumption. His 
connection with the grain commission business had its beginning 
many years ago, and the firm of which he is now a member was 
virtually established in 1910. He and his able partner have devel- 
oped a substantial commission business, and are known as promi- 
nent and influential commission merchants in the State of Mary- 
land, their offices being in the Chamber of Commerce Building, and 
a corps of efficient assistants being retained in the handling of the 
various details of the business. Mr. Dennis gives loyal support to 
the cause of the Democratic party, and both he and his wife are 
communicants of the Protestant Episcopal church. Mr. Dennis 
was married to Miss Louise Haskins, a daughter of Richard Has- 
kins, of Baltimore, and they are popular factors in the social life 
of their home city. 

The Albert Dickinson Company. — The glory of our American 
republic is in the perpetuation of individuality and in according the 
utmost scope for individual achievement. The nation has, almost 
spontaneously, produced men of the finest mental caliber, of true 
virile strength and of vigorous purpose. Not always has the cradle 
been one of pampered luxury, but the modest couch of infancy has 
often rocked future greatness. The self-made man is distinctively 
a product of America, and the record of accomplishment in this indi- 
vidual sense is the record which the true and loyal American holds 
in highest honor. These statements are distinctly apropos of the 
life history of Albert Dickinson, who as a citizen and man of affairs 
has written his name large on the history of Chicago. Not the least 
of his achievements in the domain of practical business and com- 
mercial activity has been the upbuilding of the splendid enterprise 
that perpetuates his name — that of the Albert Dickinson Company, 
whose is one of the largest seed houses in the world, this great con- 
cern having direct representation on the membership roster of the 
Board of Trade of the City of Chicago through such association on 
the part of a number of the officers and stockholders of the company. 
The reflex of so great an industrial enterprise upon the commercial 
status of the city in which are maintained its headquarters can not be 
overestimated, and in noting the loyal and appreciative efforts of 
those who have been strong forces in the upbuilding of the great 
metropolis on the shores of Lake Michigan, there is imperative con- 
sistency in giving generous recognition to the pioneer citizen, gal- 
lant soldier and honored and steadfast captain of industry who was 
President of the important corporation that bears his name and of 
whom the following well-merited estimate has been given : "The 
story of his life, in its successful achievement where difficulties and 
obstacles have seemed to serve but as an impetus to renewed efifort, 
is one marked by interest, incentive and inspiration." Albert Dick- 
inson is a scion of one of the sterling old colonial famliies of New 



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OF THE CITY OF CHICAGO 97 

England and in his youth he imbibed deeply of the spirit of loyalty 
and patriotism that led him in later years to go forth in defense 
of the Union when the integrity of the nation was jeopardized 
through armed rebellion. He was born at Stockbridge, Berkshire 
County, Massachusetts, on the 28th of October, 1841, and in western 
Massachusetts were likewise born his parents, Albert F. and Ann 
Eliza (Anthony) Dickinson, the latter of whom was an aunt of 
that noble and distinguished woman, the late Susan B. Anthony. 
In 1854 Albert F. Dickinson came to Chicago, where his family 
joined him in the following year, and he became one of the pioneer 
exponents of the grain and produce business in the future metrop- 
olis, which was then little more than a straggling village, though not 
lacking in commercial ambition and prestige. He thus became the 
virtual founder of the business that was the nucleus around which 
has been developed the present great enterprise conducted under the 
corporate title of the Albert Dickinson Company. It is worthy of 
special note that in 1855 Albert F. Dickinson shipped to the eastern 
market the first carload of wheat ever sent forth from Chicago, and 
also that he became one of the pioneer members of the Board of 
Trade, on which he purchased his seat for the sum of five dollars. 
He met with heavy losses at the time of the great Chicago fire of 
1871 and retired from active business in the following year. He 
died May 7, 1889, at which time the Board of Trade passed appreci- 
ative resolutions of respect and admiration for him as a citizen and 
business man. He and his wife were birthright members of the 
Society of Friends and were charter members of its first organization 
in Chicago. Albert Dickinson acquired his rudimentary education 
in the schools of his native State and was a lad of about fourteen 
years at the time of the family removal to Chicago. Here he con- 
tinued his studies in the public schools until 1859, when he was 
graduated in the high school, as a member of the first class to be 
accorded this distinction in the schools of Chicago. Thereafter he 
continued to be associated with his father's business operations 
until he responded to the call of higher duty and went forth as a 
soldier in the Civil War. Scarcely had died away the sound of the 
thundering of rebel guns against the ramparts of old Fort Sumter 
when, in April, 1861, Mr. Dickinson, then nineteen years of age, 
enlisted in Company B of Taylor's Battery of Chicago Light Artil- 
lery, which was soon afterward mustered in as the First Regiment 
of Illinois Light Artillery. It was given to Mr. Dickinson to live 
up to the full tension of the great conflict between the North and 
the South, to take part in many sanguinary engagements, and to 
make a record that shall ever reflect honor upon his name and 
memory. His service at the front covered a period of three years 
and three months, within which he participated in the engagements 
at Fredericktown, Fort Donelson, Shiloh, the siege of Corinth, 
Chickasaw Bayou, Arkansas Post, and Vicksburg, after which his 



98 HISTORY OF THE BOARD OF TRADE 

battery was sent to Memphis with Sherman's forces, moved up to 
Chattanooga and took part in the battle of Missionary Ridge and in 
the relief of General Burnside at Knoxville. Further service ren- 
dered by Mr. Dickinson was in connection with the historic Atlanta 
campaign, and he continued with his battery until July, 1864, when 
he received his honorable discharge. It may well be noted that in 
later years Mr. Dickinson has continued to show a lively interest in 
his old comrades in arms and has signified the same by his affiliation 
with George H. Thomas Post, No. 5, Grand Army of the Republic. 
After the termination of his military career Mr. Dickinson became a 
resident of Durant, Cedar County, Iowa, where he engaged in the 
buying and shipping of grain, but about a year later he returned to 
Chicago, to assume virtual charge of the business of his father, 
whose health had become much impaired. Thus he continued his 
activities until, with hundreds of others, the firm met with financial 
disaster through the great Chicago fire of 1871. Of the situation and 
exigencies thus entailed the following pertinent account has been 
written : "The firm found itself financially involved to the amount 
of several thousand dollars, mainly represented in a mortgage that 
had been given in connection with the construction of a new ware- 
house. Nothing was realized from the insurance that had been 
carried on the property, but with resolute and undaunted purpose 
Albert Dickinson, with the effective co-operation of his brothers, 
Nathan and Charles, the latter of whom was then but fifteen years 
of age, undertook the redemption and rebuilding of the business. 
Following their removal to Kinzie street their sister Melissa came 
into the business, and proved a valued coadjutor in furthering the 
desired ends. The united efforts of the brothers and the devoted 
sister finally triumphed over the difficulties and obstacles that con- 
fronted them in this climacteric period following the great fire. The 
brothers met all liabilities that had previously been incurred by their 
honored father, and placed the business once more on a paying basis. 
From that time forward to the present the enterprise has grown 
steadily in scope and importance, and the result is shown in the 
Albert Dickinson Company having conduct and control of one of the 
largest seed houses in the world, with supply resources and general 
facilities that are unexcelled. With the growth of the business 
larger quarters were demanded, and a removal was made from No. 
136 to No. 117 Kinzie street, the adjoining building, at No. 119, 
being soon afterward secured. A few years later quarters were 
obtained at No. 113 Kinzie Street, as well as Nos. 104 to 110 Michi- 
gan Street, and the Empire warehouse, on Market Street, between 
Van Buren and Jackson Streets, also was added to the storage facili- 
ties. Still later expansion of business was indicated by the abandon- 
ing of all previously occupied quarters and the establishing of greatly 
increased warehouse facilities at Sixteenth and Clark Streets. After 
using for many years the property of the Chicago Dock Company 



OF THE CITY OF CHICAGO 99 

for storage purposes, the Albert Dickinson Company, in 1889, ob- 
tained control of the property and business of the corporation men- 
tioned and built at Taylor Street and the river, doing business there 
for years. The extensive ramifications of the business are further 
indicated by the maintenance of branch houses in the cities of 
Boston, Minneapolis, New York and Buffalo." The present plant of 
the Albert Dickinson Company is conceded to be the largest, most 
modern and most thoroughly equipped of all institutions of the kind 
in the world — in fact there is none that will compare with it. This 
monster plant was completed and occupied in 1915. The company 
purchased a tract comprising between sixty and seventy acres at 
South California Avenue and West Thirty-fifth Street, and there 
erected buildings of the most approved and modern type of steel 
and concrete construction, with a frontage of four hundred and 
twenty feet and with a depth of equal lineal extension. In addition 
to these accommodations the company has nineteen steel storage 
tanks, with a combined capacity for the accommodation of seven 
hundred thousand bushels. The plant has the best of transportation 
facilities, both railroad and water, and an idea of its extent and 
importance is conveyed when it is stated that the erection of the 
plant entailed the expenditure of one and one-half millions of dollars. 
The Dickinson firm continued its policy of conducting a general 
commission business until 1874, when the present cash system was 
adopted and the limiting of operations exclusively to the handling 
of seeds was initiated. In 1888 the business was incorporated 
under the present title, with the enlistment of eiTective and valued 
co-operation, and the Albert Dickinson Company now bases its 
operations upon a capital stock of two hundred and fifty thousand 
dollars, with an unusually large surplus. Albert Dickinson was 
President of the company from the time of its incorporation to 
within the last few years, and similar conditions obtain also with 
his brothers, Charles and Nathan, who are still respectively Vice- 
President and Treasurer of the company. He has given personal 
and capitalistic support to various other important corporations in 
Chicago, and aside from business activities has stood exponent of 
the most loyal and public-spirited citizenship, the while he has been 
known to his fellow men as a man of winning personality — genial 
and kindly, generous and unassuming, and endowed with a high 
sense of personal stewardship in all of the relations of life. Nathan 
Dickinson, who has been Treasurer of the Albert Dickinson Com- 
pany from the time of its incorporation, was born at Curtisville, 
Massachusetts, February 6, 1848, and thus was a lad of about six 
years at the time of the family removal to Chicago, where he was 
reared to manhood and where he received the advantages of the 
public schools of the period. In foregoing paragraphs it has been 
shown that he early became associated with his older brother in the 
recouping and rebuilding of the business enterprise that had been 



100 HISTORY OF THE BOARD OF TRADE 

founded by their father, and from an authoritative source is drawn 
the following estimate : "For half a century Mr. Dickinson has been 
identified with the city's commercial and financial interests, and few 
have been more active in the promotion of progress or enjoy a higher 
standing. Quiet and unassuming in his tastes, he has always stood 
for the things that are right and for the advance of the standard 
of citizenship. Having been an actor in the vital drama that trans- 
formed a smoking mass of ruins into a metropolis second to but one 
other city in the country, Mr. Dickinson is an authority upon all 
matters relating to the period of reconstruction of Chicago's com- 
mercial and industrial interests. That he bore an important part in 
this work his own record proves, but his knowledge has come not 
only from his personal experiences, but also gathered from that of 
others, so that it is of indubitable and permanent value as a con- 
tribution to the history of the great western metropolis." At Lake 
Geneva, Wisconsin, where the family home is still maintained, 
Nathan Dickinson wedded Miss Louise H. Boyd, on the 17th of July, 
1889, and they have two children — Ruth B. and Albert B. Charles 
Dickinson, the only one of the three brothers who can claim Chi- 
cago nativity, was born in this city May 28, 1858, and he likewise is 
indebted to the public schools of Chicago for his early educational 
discipline. As stated in a preceding paragraph, he was a lad of but 
fifteen years at the time when he became actively associated with the 
business from which has been developed the stupendous commercial 
enterprise now controlled by the Albert Dickinson Company, of 
which he is Vice-President, and he has been a resourceful and pro- 
gressive factor in the development of this important Chicago enter- 
prise. For many years he was a Director and Vice-President of 
the Chicago Dock Company, and at the present time he is Vice- 
President and a Director of the Twin City Trading Company, of 
Minneapolis. He has been an active, successful and popular member 
of the Board of Trade of the City of Chicago since he was seventeen 
years of age, and as a trader he has won a specially high reputation. 
He holds membership also in the Chicago Stock Exchange, the 
New York Produce Exchange, the Minneapolis Chamber of Com- 
merce, the Duluth Board of Trade, and the St. Louis Chamber of 
Commerce. Charles Dickinson is essentially a man of vitality, and 
counts for good in connection with both civic and business affairs. 
He is a broad-gauged, progressive citizen who is ever ready to lend 
his influence and co-operation in the furtherance of measures and 
undertakings projected for the general good of the community, and 
his popularity is indicated by his membership in representative 
social organizations in both Chicago and New York City. He and 
other members of the Dickinson family contributed liberally to the 
organization and establishing of the Iroquois Emergency Hospital, 
and he has served from the beginning as one of the Trustees, as well 
as a Vice-President, of this noble memorial institution of Chicago. 





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OF THE CITY OF CHICAGO 101 

On the 29th of September, 1897, he wedded Mrs. Marie Isabelle 
Boyd, whose death occurred September 17, 1910, no children having 
been born of their union. 

William Dickinson. — For nearly forty years Mr. Dickinson was 
an active and representative member of the Board of Trade of the 
City of Chicago, and he left on this great commercial organization 
and upon the history of the grain trade in the western metropolis 
the impress of a strong, upright and resourceful character. He 
retired from active business in 1898 and, venerable in years, he still 
retains his residence in Chicago, the city that was the stage of the 
well-ordered activities that enabled him to achieve a large measure 
of success and secure a place in the confidence and good will of 
those with whom he came in contact in the varied relations of life. 
Mr. Dickinson was a loyal and influential member of the Board of 
Trade, served as a Director and Vice-President of the same, and 
in view of the fact that the Board is now putting forth decisive 
efiforts for the erection of a neVv and modern building for its head- 
quarters, it is especially interesting to record that Mr. Dickinson 
was a member of the committee appointed, in 1883, to erect the 
present Board of Trade Building. William Dickinson comes of 
the staunchest of New England stock and is a scion of a family that 
was founded in America in the colonial era, the family name having 
been one of no little prominence in connection with the civic and in- 
dustrial development of New England, that gracious cradle of much 
of our national history. Mr. Dickinson was born at Hinsdale, 
Cheshire County, New Hampshire, on the 31st of March, 1837, and 
is a son of Erastus and Sophia (Sargent) Dickinson. He continued 
his studies in the public schools of his native village until he was 
sixteen years of age, after which he completed a two years' course in 
a well-conducted academy at Springfield, Vermont. He supple- 
mented this discipline by attending for one year, 1855-6, historic old 
Amherst College, at Amherst, Massachusetts, in which he de- 
voted his time to technical study. Mr. Dickinson continued his resi- 
dence in New England until 1856, when, at the age of nineteen 
years, he came to Chicago, where, in 1861, he entered the employ of 
Hugh McLennan, who was here engaged in the grain business, as 
one of the leading pioneer exponents of this important line of 
industrial and commercial enterprise. In 1867 he was admitted to 
partnership in the well-ordered business, and the firm of Hugh 
McLennan & Co. controlled a large and substantial grain exporting 
trade, Mr. Dickinson continuing a member of the firm until 1886, 
after which he conducted a prosperous individual grain brokerage 
business until 1898, when, amply reinforced by the rewards of 
former years of earnest and successful endeavor, he retired from the 
field of commercial enterprise which he had signally dignified and 
advanced by his character and achievement. Within the course of 
his active business life Mr. Dickinson served as a member of the 



102 HISTORY OF THE BOARD OF TRADE 

Directorate of the Fifth National Bank of Chicago and as Vice- 
President and a Director of the National Bank of America and the 
American National Bank, all leading financial institutions of Chi- 
cago at that time. He further amplified his capitalistic and com- 
mercial interests by becoming a Director of the Chicago Sugar 
Refining Company at the time of its organization, in 1883, and he 
continued the incumbent of this office until 1897, besides having 
been for a time Vice-President of the company. Later he was a 
Director and the Vice-President of the Glucose Sugar Refining 
Company. Even the brief data here incorporated clearly indicate 
that Mr. Dickinson played a large and important part in the fur- 
therance of the civic and commercial development and progress of 
Chicago, and though he has now attained to the venerable age of 
eighty years, his interest in and loyalty to the city of his adoption 
continue unflagging, and his mental and physical vitality is that of 
the average man many years his junior. It is specially pleasing to be 
able to accord Mr. Dickinson recognition in this history of the 
Board of Trade, for he was influential in its government and opera- 
tions for many years and did much to activate and give enduring 
vitality to the fine code of commercial ethics for which it has ever 
stood sponsor. As previously stated, he served as a Director and 
as Vice-President of the Board and as a member of the committee 
appointed to erect the present building, which is destined within 
the near future to give place to a fine modern structure on the same 
site. With well-fortified opinions concerning governmental and 
economic questions, Mr. Dickinson has been unwavering in his 
support of the basic principles of the Republican party, his religious 
faith is that of the Congregational church, and he holds membership 
in the University Club of Chicago. His residence has long been 
maintained at 1544 North State street and he has an attractive 
summmer home at Fox Lake, Illinois. In the city of Chicago, 
on the 10th of November, 1874, was solemnized the marriage of 
Mr. Dickinson to Miss Eliza Reynolds, and she passed to the 
life eternal in the year 1899. Of their children, two sons are 
living — William Reynolds Dickinson and Francis Reynolds 
Dickinson. 

William H. Dickinson. — He whose name begins this review has 
had long and varied experience in the grain trade, with which he 
became identified when he was a youth of sixteen years, and of 
which he has become a prominent and successful exponent as a 
progressive commission merchant in his native State, his offices be- 
ing in the Chamber of Commerce Building in the city of Minneap- 
olis, where his residence is at 2213 Aldrich avenue. South. Mr. 
Dickinson is a descendant of one of the honored pioneer families 
of Minnesota and was there born about a decade after the admission 
of the State to the Union, his birth having occurred on the 4th of 
September, 1868. He is a member of a family of eight children 



OF THE CITY OF CHICAGO 103 

born to William and Margaret (Thomas) Dickinson, and his father 
reclaimed and developed one of the excellent farms of the Gopher 
commonwealth and continued to be identified actively with farming 
until the time of his death, in 1886. William H. Dickinson was 
reared to the sturdy and invigorating discipline of the pioneer farm, 
made good use of the advantages afforded by the public schools, 
and at the age of sixteen years he became concerned with the grain 
business. With this important line of industrial and commercial 
enterprise he has continued his alliance during the interveningyears, 
he is a resident of Minneapolis, and in this city conducts his present 
independent grain commission business. He is one of the active 
members of the Minneapolis Chamber of Commerce, and is a mem- 
ber of the Chicago Board of Trade. His political allegiance is given 
to the Republican party, he is affiliated with the Masonic fraternity, 
and he and his wife hold membership in the Congregational church. 
Mr. Dickinson was married to Miss Nellie Edith Watzke, a daugh- 
ter of O. A. Watzke, and the one child of this union is a daughter, 
Donna H. 

Leverett Karl Dvmcan.— On the 14th of March, 1916, Mr. 
Duncan became a constituent member of the Board of Trade of the 
City of Chicago, in which great commercial organization he is rep- 
resentative of L. E. Duncan & Co., of Decatur, Macon county, 
Illinois. Of this important concern, which controls a substantial 
brokerage business in the handling of grain, Mr. Duncan is the 
executive head, and he is known as one of the progressive and ener- 
getic young men now actively connected with the Board of Trade, 
so that he is clearly entitled to recognition in this publication. Mr. 
Duncan was born at Cowden, Illinois, on the 10th of December, 
1886, and is a son of Zachariah T. and Laura (Cochman) Duncan. 
In the public schools of his native county he continued his studies 
until his graduation in the high school, as a member of the class 
of 1905, and soon afterward he went to the city of St. Louis, Mis- 
souri, where he remained for a brief interval. In 1908 he became 
associated with the grain and elevator firm of Ware & Leland, at 
Decatur, and the line of enterprise with which he thus identified 
himself proved much to his liking, with the result that he has ap- 
plied himself with marked discernment and energy and has become 
an influential exponent of the grain trade in the southern part of his 
native State. After severing his connection with the firm men- 
tioned he was associated in Decatur with F. P. Smith & Co. until 
March 15, 1916, when he established himself independently in the 
same line of business, operating as L. E. Duncan & Co. In politics 
Mr. Duncan gives his allegiance to the Republican party, and he and 
his wife are members of the Methodist Episcopal church in their 
home city. In 1912 was solemnized the marriage of Mr. Duncan 
to Miss May Auer, a daughter of James G. Auer, of Decatur, Illi- 
nois, and they have one daughter — Marie M. 



104 HISTORY OF THE BOARD OF TRADE 

Leo J. Dwyer. — In tracing the careers of prominent men of 
Chicago, it is easy to see that progressive characters have never 
lacked for opportunity, and that opportunity has not signified so 
much as the man. In this country, where. the valuable prizes of 
life depend upon merit, rather than upon the accident of birth and 
fortune, the men of pluck and ambition are the successful. The 
highest places in the learned profession are filled with, and the 
greatest commercial enterprises are conducted by, such men ; men 
who, at the outset of life, placed a just valuation upon honor, in- 
tegrity and determination. These are the traits of character that 
insure the highest emoluments and greatest reward, and to these 
may we attribute the success that has crowned the eflforts of Leo J. 
Dwyer, dealer in real estate investments and securities. Mr. Dwyer 
was born in Chicago, August 13, 1864, a son of Leo P. and Margaret 
(Kiley) Dwyer, natives of Ireland and pioneers of Chicago, to 
which city they came with their parents when young. Leo P. 
Dwyer was a contractor by occupation, and for many years was 
one of the prominent, active business men of this city. He served in 
the State legislature, where his moral and upright character won 
for him the title of "Honest Leo P. Dwyer." He was unfaltering 
in his opposition to a course which he deemed inimical to the 
best interests of the country and people, and no citizen of Chicago 
was more respected or enjoyed the confidence of the people or more 
richly deserved the regard in which he was held. In his home, in 
social and business circles, he was ever kind and courteous, and 
his death, which occurred July 10, 1894, removed from this city one 
of its most worthy citizens. Leo J. Dwyer obtained his education 
in the public schools of Chicago, and also took a course in the night 
school of the Chicago College of Law. He early developed an 
aptitude for business, and in 1876, at the age of twelve, he secured 
a position as messenger boy in the insurance office of William E. 
Rollo & Son, of this city. After about four years with this house 
he accepted a clerical position with the Central States Dispatch 
Fast Freight Lines, and remained with that corporation nearly a 
quarter of a century. In 1891 he was promoted to commercial 
freight agent for the city of Chicago and the southwestern and 
northwestern territory, filling that position until March 1, 1914, 
when he resigned to establish himself in his present business, at 
7710 Sheridan Road. When Mr. Dwyer settled in this neighbor- 
hood, in 1911, the entire surrounding country was almost a wilder- 
ness, having no improvements of any kind, such as paved streets, 
sewage, gas or electric lights. It was then, and for some years after- 
ward, known as "No Man's Land." He has been instrumental in 
bringing great improvements about, and deserves much credit for 
the active interest he has taken along these lines. There is perhaps 
no man in Chicago who has a wider circle of acquaintances among 
the influential citizens of the city, and few who have been so active 



OF THE CITY OF CHICAGO 105 

in the development of the North Side. His entire career has been 
characterized by high standards of business ethics, and his record 
stands without a blemish. In 1885 Mr. Dwyer was united in mar- 
riage with Miss Margaret Olympia Behan, of Chicago, a daughter 
of Patrick and Alice (McCabe) Behan, and they became the parents 
of four children — Alice V. (deceased), Edward J. (deceased), Leo 
P., who is engaged in the circular-letter business in Chicago, and 
Vincent J., who is associated with his father in the real estate 
business. Mr. Dwyer became a member of the Chicago Board of 
Trade December 14, 1891, and has since maintained an active mem- 
bership in this organization. He is also a member of the Chicago 
Athletic Association and is identified with the Knights of Columbus, 
Catholic Order of Foresters and the Board of Underwriters. He is 
a member of the Cook County Real Estate Board and is the founder 
and secretary of the North Birchwood Improvement Association. 
George W. Eberhardt. — One of the most important of the brok- 
erage concerns engaged in the handling of stocks, bonds, grain and 
provisions in the city of Pittsburgh, Pennsylvania, is that of George 
W. Eberhardt & Co., and he whose name gives title to the firm and 
who is its executive head, has represented it as a member of the 
Board of Trade of the City of Chicago since 1909. He became an 
active member of the Pittsburgh Stock Exchange in 1901, and of 
the New York Stock Exchange in 1915. Mr. Eberhardt has proved 
himself one of the vigorous business men and popular citizens of 
Pittsburgh, and his achievement has been such as to make him a 
man whose alliance with the Chicago Board of Trade is valued, his 
status as one of its non-resident members making him specially 
eligible for recognition in this history of the great commercial 
organization. George Washington Eberhardt was born in Pitts- 
burgh, on the 13th of August, 1875, and is a son of the late William 
Eberhardt, who was long numbered among the honored and in- 
fluential citizens of that city, where for many years he conducted an 
extensive brewing and malting enterprise, his death having occurred 
March 25, 1899. He whose name introduces this article is indebted 
to the public schools of his native city for his early educational dis- 
cipline, and, after completing a course in a local business college, 
he continued as his father's assistant in the brewing and malting 
business until 1890. In June, 1899, he engaged in the brokerage 
business, and as the organizer and head of the firm of George W. 
Eberhardt & Co. he has effectively dictated the policies that have 
brought to the firm the secure prestige as one of the leading con- 
cerns of the kind in Pittsburgh. A large volume of business is 
transacted each year by the firm, and the enterprise shows a con- 
stantly cumulative tendency, owing to the steadfast and duly con- 
servative methods brought to bear in insuring its stability and jus- 
tifying its place in popular confidence. In the Masonic fraternity 
Mr. Eberhardt has attained the thirty-second degree of the Scottish 



106 HISTORY OF THE BOARD OF TRADE 

Rite, with his maximum York Rite degree with the Knights Tem- 
plar, and he is identified also with the Mystic Shrine and with the 
Benevolent & Protective Order of Elks. His political allegiance is 
given to the Republican party and he and his wife are communi- 
cants of the Protestant Episcopal church. The family home in 
Pittsburgh is at 1138 North Negley avenue. Mr. Eberhardt was 
married to Miss Mary A. Whitman, daughter of Hugh Whitman, 
of Pittsburgh, and three children have been born to this union. 

Colonel Bernard A. Eckhart. — Incidental to the fearful activi- 
ties of the present European war, the Province of Alsace, Germany, 
again figures as the subject of great polemic activities, and it was in 
this beautiful province, which was then a part of French domain, 
that Bernard Albert Eckhart was born in the year 1852, though he 
was but an infant at the time when his parents, Jacob and Eva 
(Root) Eckhart, immigrated to the United States and became 
pioneer settlers in the State of Wisconsin. Little could the earnest 
and worthy parents have imagined that in the land of their adop- 
tion their then infant son was destined to achieve large and well- 
merited success and to become a powerful force in connection with 
the civic and commercial affairs of a great metropolis. Such was 
the reward that Fate had in store for Bernard A. Eckhart, but none 
can doubt that the result has been achieved through his dominating 
powers as a man of superior initiative and executive ability and by 
his circumspection and resolute purpose in availing himself of the 
opportunities which have been presented. Mr. Eckhart has long 
been an influential factor in the industrial, commercial and civic 
life of the city of Chicago, where he was instrumental in the up- 
building of one of the leading flour-milling enterprises of the coun- 
try, and where he is a stockholder and Director in representative 
financial institutions, and where his great civic loyalty and public 
spirit have brought to him distinguished official preferments and 
given him large and benignant influence in connection with public 
affairs. He stands forth as one of the emphatically representative 
men of the great metropolis of the West, has been a loyal member 
of the Board of Trade, was a member of the Directorate of this im- 
portant commercial organization from 1888 to 1891, and in every 
sense is he entitled to specific recognition and definite tribute in this 
publication. Mr. Eckhart gained his early education in the public 
schools of Wisconsin and in 1868 was graduated from a well- 
ordered college in the city of Milwaukee. From 1870 to 1874 he 
was the Chicago representative of the Eagle Milling Company, of 
Milwaukee, and he then became one of the organizers of the Chi- 
cago milling firm of Eckhart & Swan, and when the same was later 
reorganized as the Eckhart & Swan Milling Company he became 
President of the corporation, an office of which he continued the 
incumbent after the present title of the B. A. Eckhart Milling Com- 
pany was adopted. His progressive and resourceful administration 



OF THE CITY OF CHICAGO 107 

brought this concern into foremost place in its field of enterprise, 
and through his association with the same he laid the foundation 
for his substantial fortune. Mr. Eckhart is still President of the 
company, and his status in the commercial world is further indi- 
cated by the fact that he is a Director of each of the great financial 
institutions here designated: The Continental & Commercial 
National Bank, the Continental & Commercial Trust & Savings 
Bank, the Harris Trust & Savings Bank, the Chicago Title & Trust 
Company, and the Northwestern Trust & Savings Bank. In the 
domain of public afTairs and service Mr. Eckhart has made a record 
which reflects great honor upon his name, even as his reputation in 
business and in private life has ever been inviolable. He has been 
a stalwart and effective advocate and supporter of the cause of the 
Republican party and has been influential in its councils in the 
State of his adoption. During the thirty-fifth and thirty-sixth 
general assemblies of the Illinois legislature, 1887-9, he was a mem- 
ber of the State Senate, in which he served with characteristic 
loyalty and ability. He was instrumental in having enacted in 
laws many useful and progressive measures while he represented 
the First Senatorial District of Illinois in the Senate — among 
others, the statute creating the Sanitary District of Chicago. From 
1891 to 1900 he was a member of the board of trustees of the Sani- 
tary District of Chicago, of which he was President from December, 
1895, to December, 1896. Preparatory to opening the canal in 1900 
when the main channel was completed, he secured a permit from the 
United States Government through General Russell A. Alger, who 
was then Secretary of War, to draw the waters from Lake Michigan 
into the canal. From July, 1905, to February, 1908, he was Presi- 
dent of the Board of West Chicago Park Commissioners, and dur- 
ing that period of time reconstructed the entire West Park System 
and created the first small parks and playgrounds on the West 
Side. In 1905 he was a delegate to the Chicago charter convention, 
in which he served as chairman of the committee on rules, pro- 
cedure and general plans. In 1907 he was appointed a member of 
the Railroad and Warehouse Commission and served until 1913. 
He was largely responsible for the abolition of grade crossings be- 
tween steam railroads and electric roads in the State of Illinois. It 
is worthy of special note that Mr. Eckhart was prominently identi- 
fied with the organization of Chicago's celebrated military body 
that made a gallant record in the Spanish-American war — the First 
Infantry Regiment of the Illinois National Guard, in which he 
served as an officer for several years. In 1906 he augmented his 
military distinction by becoming an aide-de-camp on the stafT of 
Governor Deneen, during whose administration he served in this 
capacity, with the rank of colonel. Mr. Eckhart was the first Presi- 
dent of the Millers' National Federation, of which position he was 
incumbent from 1902 to 1904. In 1903 he was President of the 



108 HISTORY OF THE BOARD OF TRADE 

Illinois Manufacturers' Association ; in 1908 he was Vice-President 
of the National Council of Commerce ; and in 1910 he was a delegate 
to the International Congress on Commercial Education, in the city 
of Vienna, Austria. He was a member of the executive committee 
created to prepare the bill for presentation in the Illinois legislature 
to effect the establishing of the Municipal Court of Chicago. He is 
one of the trustees of Lewis Institute, one of the noble and practical 
educational institutions of Chicago. His appreciation of the 
amenities of social life are indicated by his membership in the fol- 
lowing named and representative Chicago organizations : The 
Chicago Club, the Union League Club, the Commercial Club, the 
Onwentsia and Old Elm Club. Within the restricted confines of 
a sketch of this necessarily limited province it is impossible to 
give details concerning the long and splendid career of Mr. Eckhart, 
but the mere statement of facts that have been given carry in 
their train due significance, with the lessons of incentive and 
inspiration. On the 25th of December, 1874, was solemnized the 
marriage of Mr. Eckhart to Miss Katie L. Johnson, of Cincinnati, 
Ohio, and they have four children, namely: Carlos K. Eckhart, 
Percy B. Eckhart, Hazel Eckhart (now Mrs. Truman W. Brophy, 
Jr.), and Dorothy Eckhart (now Mrs. E. Reginald Williams). 

William N, Eckhardt. — As President of the Pope & Eckhardt 
Company, representative commission merchants in the grain and 
seed trade, Mr. Eckhardt has secure vantage-ground as one of the 
prominent exponents of this important line of enterprise in his 
native city, and his influential association with Chicago is the more 
interesting by reason of the fact that he may legitimately be desig- 
nated as a scion of one of the sterling pioneer families of the great 
western metropolis, where his parents, Louis and Katharina 
(Minke) Eckhardt, established their home more than half a cen- 
tury ago and where they passed the residue of their lives, both 
having been zealous communicants of the Evangelical Lutheran 
church. Louis Eckhardt was one of the original trustees of St. 
Peter's church, then located at Noble Street and Chicago Avenue, 
now at Cortez and Oakley Boulevard. In the early days he fol- 
lowed the carpenter's trade and later was engaged in the retail 
grocery business. William Nickolas Eckhardt was born in Chicago 
on the 20th of July, 1859, and his early educational advantages were 
those afforded in the local parochial schools of the Evangelical 
Lutheran church and in the public schools of Chicago, in which he 
completed the curriculum of what was then designated as the 
grammar school. As a youth he initiated his business career as 
a minor clerk in a dry goods store conducted by W. C. Poleman, 
but later he obtained a position as messenger in a branch of the 
Union Trust Company on Milwaukee Avenue. In February, 1874, 
Mr. Eckhardt began his association with the important line of 
enterprise of which he is now a prominent and influential repre- 



OF THE CITY OF CHICAGO 109 

sentative. He assumed a clerical position in the oifices of the firm 
of Pope & Davis, which was the predecessor of the Pope & Eck- 
hardt Company, of which he is now the executive head. His 
advancement in the commission business has been won by close 
application, fidelity to trust and distinctive initiative and executive 
ability. It is much to have gained place at the head of a concern 
controlling a most substantial and prosperous business in the grain 
and seed commission trade, and the company of which Mr. Eck- 
hardt is President has expanded its operations to wide scope, the 
while special attention is given to handling of commodities drawn 
from the great producing sections of the West. Mr. Eckhardt has 
been a member of the Board of Trade since August, 1880, and in 
this connection his activities have been guided and governed by 
the same resolute purpose, steadfastness and progressiveness that 
have characterized his private business career and that have given 
him a reputation that is in itself a valuable commercial asset. In 
1896 he was elected a Director of the Board of Trade and he served 
during the years 1896, 1897 and 1898. In 1900 he was elected Vice- 
President, his service continuing during 1900 and 1901. Since 1894 
Mr. Eckhardt has served continuously on one or more committees 
or as an official of the Board of Trade, and has generously and 
willingly devoted much of his time and effort to the interest and 
welfare of this institution. The offices of the Pope & Eckhardt 
Company are at 111 West Jackson Boulevard. Mr. Eckhardt has 
been an appreciative student of the history and teachings of the 
time-honored Masonic fraternity, and is prominently affiliated with 
the same. His ancient craft affiliation is with Kilwinning Lodge, 
No. 311, Ancient Free & Accepted Masons, of which he served as 
master in 1901. He is likewise actively identified with Corinthian 
Chapter, No. 69, Royal Arch Masons ; Chicago Council, No. 4, 
Royal & Select Masters ; St. Bernard Commandery, No. 35, Knights 
Templar ; Oriental Consistory of the Valley of Chicago, Ancient 
Accepted Scottish Rite, and Medinah Temple, Ancient Arabic 
Order of the Nobles of the Mystic Shrine. His prominence and 
popularity in the fraternity is further indicated by the fact that 
since December, 1909, he has held the office of treasurer of the 
Central Masonic Temple of Chicago. On the 5th of April, 1898, 
was solemnized the marriage of Mr. Eckhardt to Mrs. Amalie 
Nabroth (nee Sittig), and they have two daughters: Laura Alice, 
who is the wife of George C. Farnum, and Lulu, who is the wife 
of Charles E. Scarritt. 

George W. Eddy. — Associated with his brother, C. F. Eddy, in 
the control of a grain exporting trade of large volume and under 
the corporate title of C. F. & G. W. Eddy, he whose name begins 
this paragraph is consistently to be noted as one of the prominent 
representatives of the grain trade in the city of Boston, where he 
and his brother are proving most able successors of their father 



no HISTORY OF THE BOARD OF TRADE 

in this important field of commercial enterprise, the father, the late 
Caleb Francis Eddy, having long been known as one of the most 
active and influential figures in the grain commission and export- 
ing business in the Massachusetts metropolis, and having continued 
his connection with the business until his death, which occurred in 
1912. George W. Eddy is a member of the Board of Trade of the 
City of Chicago, and as one of its non-resident representatives he 
is consistently accorded recognition in this volume. In a family 
of twelve children, George W. Eddy was born at Falls River, 
Massachusetts, on the 12th of May, 1862, a son of Caleb Francis 
Eddy and Georgiana (Winslow) Eddy, both representatives of fine 
old colonial families of New England. In the agnatic line Mr. Eddy 
is a descendant of Samuel Eddy, who came from England and set- 
tled in Middleboro, Massachusetts, in 1630. In the public schools 
George W. Eddy continued his studies until he had completed the 
curriculum of the Newton high school, in which he was graduated 
as a member of the class of 1880. In 1883 he became identified 
with the grain business in Boston, where he has continued his 
activities during the long intervening period of nearly two score 
years, and where he has achieved success, as indicated in the scope 
and importance of the business controlled by the incorporated firm 
of which he is a member, as previously noted. The office of the 
firm is in the Chamber of Commerce building, and in addition to 
representation in the Boston Chamber of Commerce and the Chi- 
cago Board of Trade it has similar alliance with the New York 
Produce Exchange and the Winnipeg Grain Exchange, in the cap- 
ital city of Manitoba, Canada. Mr. Eddy has been concerned with 
large operations in the handling of hay as well as grain, and the 
present firm of C. F. & G. W. Eddy dates its inception from the 
year 1895. In politics Mr. Eddy is found loyally aligned in the 
ranks of the Republican party, he is a member of the Boston Golf 
Club and the Brae-Burn Club, and his attractive home is at 85 
Bigelow Road, West Newton. On the 11th of December, 1894, 
was solemnized the marriage of Mr. Eddy to Miss Bertha M. Clark, 
daughter of Joseph Clark, ot Northampton, Massachusetts, and 
the two children of this union are Priscilla C. and Elizabeth. 

James Augustus Edwards. — In preparing a review of the lives 
of men whose careers have been honorably blended with the history 
of the Board of Trade of the City of Chicago, no name is more 
worthy of mention than that of the late James A. Edwards, for 
many years a successful business man of this city and an active 
member of the organization. His labors not only constituted a 
potent factor in the progress and development of the city, but were 
an inspiring influence, and even though he has passed from the 
scene of earthly activities his work remains as a force for good in 
the community. He not only achieved notable success in business, 
but in his home, in social and public life, he was kind and cour- 





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OF THE CITY OF CHICAGO 111 

teous, and no citizen of Chicago was more respected or enjoyed 
the confidence of the people or more richly deserved the regard in 
which he was held. Mr. Edwards was born in Baltimore, Mary- 
land, November 11, 1854, a son of Dr. Edward W. and Catherine 
R. (DiflfenderfTer) Edwards, who were pioneers of Chicago, having 
removed to this city from Baltimore when our subject was six years 
of age. The father was a physician and surgeon, and was one of 
the learned men of his profession who gave impetus to the work 
of science in this city. After acquiring a substantial education in 
the public and private schools of Chicago, James A. Edwards began 
his business career when sixteen years of age with the old estab- 
lished Board of Trade firm of Culver & Co. He remained with 
that house until the close of the year 1872, and in the following 
year entered the employ of Dennis & Ingham, who were in the 
same line, and continued with the latter firm until 1874. In May, 
1875, he embarked in business for himself, becoming an exponent of 
the grain commission trade, of which he became one of the promi- 
nent and influential representatives. To meet the demands of the 
constantly expanding trade, and as a matter of commercial expe- 
diency, the business was incorporated in 1898, and was also reor- 
ganized in 1912, although Mr. Edwards remained the executive 
head until his retirement from business activities in April, 1916. 
He was a loyal and most valued member of the Board of Trade 
during his entire identification with the organization, and was one 
of those upright and sagacious men who have aided in furthering 
the prosperity and prestige of this great institution. He joined the 
Board May 21, 1877, and was one of its active members until April 
19, 1916, when he transferred his membership to his son Donald 
Edwards. Coming to this city when a small boy and entering 
business life when a lad of sixteen, Mr. Edwards grew up with 
Chicago during the period of its most marvelous development, and 
through pluck, perseverance and honorable dealing he became one 
of its substantial and most valued citizens. A man of unusual 
public spirit, interested in local affairs and proud of the city in 
which much of his activities and mature manhood were passed, 
he was a powerful factor in the furtherance of any measure which 
had for its aim the advancement of the people or the betterment 
of existing conditions. To sketch in detail his work during his 
active business life would be a task of no small moment, however 
agreeable and interesting. It must suffice to say in conclusion that 
his labors were of the most earnest character, that they were 
exceedingly comprehensive, and that they contributed in a most 
important degree to the development of the agricultural and com- 
mercial prosperity and wealth of the section in which they were 
performed, and in no slight measure to the material advantage of 
the whole country. Although making no claim to greater credit 
than that which belonged to one, who by wise and persistent effort, 



112 HISTORY OF THE BOARD OF TRADE 

advanced his own fortune and at the same time that of hundreds, 
even thousands, who shared in one way or another in his enter- 
prises, a discriminating pubHc sentiment will not fail to accord 
him a front rank among the commercial benefactors of the country. 
On April 12, 1882, Mr. Edwards was united in marriage with Miss 
Minnie E. Paine, a daughter of the late Joseph E. Pame, of Brook- 
lyn, New York, and a woman of exceptional mental capacity and 
much beauty of character. They became the parents of two sons 
and two daughters ; the sons, Kenneth P. and Donald Edwards, 
are both active members of the Board of Trade and are classed 
with the enterprising and conservative commission merchants of 
the city. The former joined the Board December 23, 1908, and the 
latter became a member by transfer of his father's membership on 
April 19, 1916, and both are associated with the firm of J. A. 
Edwards & Co. The daughters are Marjorie Edwards, who resides 
with her mother, and Dorothy, who became the wife of Frederick 
A. Rogers, of Indianapolis, Indiana. The family home has been in 
Hyde Park for many years. It is a hospitable one, where good 
cheer abounds, and where the family's numerous friends are ever 
welcome. Although unostentatious in manner, Mr. Edwards was 
recognized as a man of earnest purpose and progressive principles. 
He always stood for the things that were right, and for the advance- 
ment of citizenship, and was interested in all that pertains to 
modern improvements along material, intellectual and moral lines. 
Though he had many warm friends and was prominent in social 
circles, he was devoted to the pleasures of home life, and his hap- 
piest moments were always spent at his own fireside. He found 
pleasure in promoting the welfare of his wife and children, and was 
a kind husband and an indulgent father. He was identified with 
various social organizations of representative order, including the 
Chicago Athletic Association, the Forty Club and the Midlothian 
and South Shore Country Clubs. In the Masonic fraternity he had 
completed the circle of both the York and Scottish Rites, besides 
having been affiliated with the adjunct organization, Medina Temple 
of the Ancient Arabic Order of the Nobles of the Mystic Shrine. 
His ancient craft affiliation was with Ashland Lodge, No. 308, 
Free & Accepted Masons. Although he was a stalwart Republican 
in his political affiliations he took no part in politics aside from 
casting the weight of his influence in support of men and measure? 
working for the public good, and at no time was animated with a 
desire for public office. In business life he was alert, sagacious and 
reliable; as a citizen he was honorable, prom.pt and true to every 
engagement, and his death, which occurred January 15, 1917, 
removed from Chicago one of its most valued citizens. 

Sherman T. Edwards. — Somewhat more than a year prior to 
attaining his legal majority Sherman Thayer Edwards became asso- 
ciated with his honored father in the grain commission business in 



OF THE CITY OF CHICAGO 113 

Chicago, and his activities in this important field of commercial 
enterprise have now covered a period of more than thirty years, 
during which he has maintained a reputation that in itself con- 
stitutes a most significant and valuable commercial asset. As 
President of the Edwards & Loomis Company, Mr. Edwards was in 
control of a specially large and substantial commission business 
in grain, hay and feed, and the company maintained commodious 
and well equipped business headquarters at 342-352 North Eliza- 
beth Street. He is influential in the affairs not only of the Board 
of Trade, of which he has been a member since 1893, but also in 
those of the American Feed Manufacturers' Association, of which 
he is President. Mr. Edwards was born at North Fairfield, Huron 
County, Ohio, on the 27th of August, 1865, and was about four 
years of age when he came with his parents, Sherman Wright 
Edwards and Julie H. (Thayer) Edwards, to Chicago, where he 
was reared to manhood and where he gained his early educational 
discipline in the public schools of the period. On the 1st of Janu- 
ary, 1884, a few months prior to his nineteenth birthday anniver- 
sary, Mr. Edwards initiated his business career under most gracious 
and auspicious conditions, as he then became a partner of his father 
in the commission grain trade, under the firm name of S. W. 
Edwards & Son. This effective alliance continued until the death 
of his father, on the 2d of January, 1893, and incidentally it should 
be recorded that his honored father was one of the vigorous, loyal 
and popular members of the Board of Trade, the history of which 
may well include a tribute to his worth and his memory. Retaining 
the original firm name, the son admitted to partnership in the 
well established and important business, on the 1st of January, 
1894, Edward J. Loomis and Fred W. Edwards. With the con- 
tinued expansion of the business it was finally found advisable, as 
a matter of commercial expediency, to effect the incorporation of 
the same under the laws of Illinois, and in May, 1907, the firm of 
S. W. Edwards & Son passed out of existence to give place to the 
corporation of the Edwards & Loomis Company, of which Sherman 
T. Edwards served as President. In 1916 the Edwards & Loomis 
Company, Hales Elevator Company and the Kasota Elevator Com- 
pany consolidated under the name of the Hales & Edwards Com- 
pany, and of this new corporation Mr. Edwards is Vice-President. 
Mr. Edwards has received the York Rite honors in the Masonic 
fraternity, in which his maximum affiliation is with Siloam Com- 
mandery, No. 154, Knights Templars, and he is identified also with 
the adjunct organization, the Ancient Arabic Order of the Nobles 
of the Mystic Shrine. He is an active and popular member of the 
Oak Park Club, of which he has served as Vice-President, and he 
holds membership also in the Union League, the Hamilton Club 
and the Glen Oak Country Club. He resides at Oak Park, and both 
he and his wife there hold membership in the First Presbyterian 



114 HISTORY OF THE BOARD OF TRADE 

church. On the 24th of May, 1892, was solemnized the marriage 
of Mr. Edwards to Miss Lucy Shaw, of Chicago, and the two chil- 
dren of this union are Daphne M., now Mrs. Frank A. Bell, and 
Sherman Walden. 

Trave Elmore. — The city of St. Louis, another of the impor- 
tant commercial centers of the middle west, has given a popular 
contingent of valued members to the Board of Trade of the City of 
Chicago, and of this number Trave Elmore is a progressive and 
able young business man, who represents large and important com- 
mercial and industrial interests, and who is specially entitled to 
definite recognition in this publication. He is Vice-President of 
the Elmore-Schultz Grain Company, of St. Louis, Missouri, and 
Ashland, Illinois, and through this association he is a prominent 
representative of the grain and milling business, so that his active 
identification with the Chicago Board of Trade is the more gratify- 
ing to note by reason of his being a native of the State of Illinois. 
Trave Elmore was born at Ashland, Cass County, Illinois, on the 
24th of January, 1879, and is a son of Valentine C. and Elizabeth 
(Berry) Elmore. His father has long held prestige and distinction 
as being one of the representative farmers, bankers and grain 
dealers of Cass County, and has wielded large and worthy influence 
in connection with civic and material affairs in that section of 
Illinois. He whose name introduces this article received excellent 
education along academic lines and then, in consonance with his 
ambitious purpose and well formulated plans, he was matriculated 
in the law department of the great University of Michigan. In 
this institution he was graduated as a member of the class of 1899 
and with the well earned degree of Bachelor of Laws. The death 
of his mother occurred about this time and caused him to readjust 
his plans for initiating the practice of law after his graduation. He 
became associated with his father in the grain business as junior 
member of the firm of V. C. & Trave Elmore, and on the 2d of 
February, 1912, he became a member of the Board of Trade of 
the City of Chicago, with which he has since been thus connected 
in an active and appreciative way. About the same time he became 
a member also of the St. Louis Merchants' Exchange, and he has 
been prominent and influential as one of the younger and popular 
members of this representative trade and commerce body, in which 
he has served as a member of various standing and special commit- 
tees. He holds membership also in the Merchants' Exchange of 
Memphis, Tennessee. Mr. Elmore is affiliated with the Masonic 
fraternity, including the commandery of Knights Templars at 
Springfield, Illinois, and the temple of the Mystic Shrine at Spring- 
field, Illinois. In St. Louis he is an active and popular member of 
the Missouri Athletic Club, and he attends and supports the Chris- 
tian church, in the faith of which he was reared and of which his 
wife is an active member. On the 10th of July, 1902, was solemn- 



OF THE CITY OF CHICAGO 115 

ized the marriage of Mr. Elmore to Miss Marilla Henderson, who 
was born at Newport, Rhode Island, and whose father, Byron 
Henderson, was a prominent dealer in live stock and a member 
of the National Stock Yards Company of Chicago. Mr. and Mrs. 
Elmore have three children : Mary Lee, born July 24, 1903 ; Valen- 
tine C, Jr., born February 26, 1905, and Bettie, born December 22, 
1909. The Elmore-Schultz Grain Company was organized and incor- 
porated in the autumn of 1912, and concerning Mr. Elmore, the 
Vice-President of the company, duly appreciative estimate is given 
in an article that appeared in the American Elevator and Grain 
Trade of the issue of April 15, 1916. The article is so pertinent 
and timely that the following extracts are worthy of perpetuation 
in this connection : "Sometimes a grain man finds the spotlight of 
publicity thrown on him suddenly because of some sensational cir- 
cumstance, but the greater number who are now in the forefront 
and center of the stage have worked their way gradually and unob- 
trusively from the back drop of the wings. In the ever-changing 
positions of the players in the great grain drama which is so vital 
to the life of the world, the movement of this actor or that is 
scarcely noticed until we become aware that a new figure is in the 
limelight and a new voice speaking the leading lines. This has been 
the experience of Trave Elmore, head of the St. Louis office of the 
Elmore-Schultz Grain Company. John Schultz, of Schultz, Banzan 
& Co., of Beardstown, Illinois, is President of the firm, and U. J. 
Sinclair, of Ashland, a Director of the Illinois Grain Dealers' Asso- 
ciation, is Secretary. But Mr. Elmore holds down the St. Louis end 
and has taken a prominent place in that growing market. He was 
born and raised in Ashland, Illinois, and after finishing his educa- 
tion at the Michigan University he entered the grain business with 
his father, forming the V. C. & Trave Elmore Company, which 
operated a line of ten elevators in the State. Four years ago he 
opened the St. Louis office of the present firm and built up there 
a large consignment business. The firm operates the Western 
Elevator, with a two hundred and fifty thousand bushels' capacity, 
and has a large and efficient official and floor force to take care 
promptly and well of all the business that comes. They are mem- 
bers of the Illinois, Missouri and the National Grain Dealers' Asso- 
ciations." 

William L. Etnyre. — The city of Ottawa, of LaSalle County, 
gives to the Board of Trade of the City of Chicago an appreciative 
and popular member in the person of Mr. Etnyre, whose name was 
enrolled on the membership list in June, 1911, and who has con- 
sistently availed himself of the advantages of this great commer- 
cial organization in connection with his well established business as 
a broker in grain and provisions. In addition to this phase of his 
activities he also does a substantial commission business in the 
handling of stocks, and is a correspondent of the representative 



116 HISTORY OF THE BOARD OF TRADE 

commission firm of Lamson Brothers & Co., of Chicago. As a 
young man he learned telegraphy and his initiatory experience 
in connection with the grain trade was acquired during his asso- 
ciation with C. P. Herrick, with whom he continued his alliance 
until he established his present and independent brokerage business 
in 1901. He is one of the vigorous and successful business men of 
Ottawa, is a Republican in his political adherency, and is affiliated 
with the Benevolent & Protective Order of Elks. Mr. Etnyre was 
born at Oregon, Ogle County, Illinois, September 6, 1876, and is a 
son of Joseph and Rachel (Petty) Etnyre, his father having been 
a prosperous merchant and highly honored citizen of Oregon, where 
his death occurred in 1912. The subject of this review attended the 
public schools of his native city until he had duly availed himself 
of the advantages of the high school, and after learning telegraphy 
he was employed as an operator until he became associated with 
the grain business, as previously noted. His success has fully 
justified his choice of vocation and he is one of the well known 
brokers of northern Illinois. Mr. Etnyre wedded Miss Ellen M. 
Cole, daughter of Gibson Cole, of Ottawa, and the one child of this 
union is Mildred Jane, who was born July 13, 1913. 

Gustav F. Ewe. — Mr. Ewe has been associated with the grain 
business since he was a lad of sixteen years, and has become one of 
its prominent and influential representatives in the great north- 
west, so that the Chicago Board of Trade, which claims him as a 
member, has gained by such interposition on his part and by the 
incidental alliance given with Minneapolis, one of the nation's most 
important centers of the grain and flour-milling industry. In 
Minneapolis Mr. Ewe is Vice-President of the Van Dusen, Har- 
rington Company, one of the most extensive corporations in the 
grain and elevator business of the northwest. This company 
operates about two hundred and fifty grain elevators through the 
northwestern section of our national domain and also controls a 
large and important lumber trade. With this Minneapolis corpora- 
tion Mr. Ewe has been associated since 1890, and he has other large 
and important interests in the Minnesota metropolis and elsewhere. 
He has been one of the most vigorous and influential members of 
the Minneapolis Chamber of Commerce, of which he served as 
President two consecutive terms, 1909-10, and an idea of the scope 
and diversity of his financial interests and executive alliances is 
given when it is stated that he is President of the Atlas Elevator 
Company ; Vice-President of the National Elevator Company, the 
Pioneer Elevator Company, the Great Western Elevator Company, 
the Crescent Elevator Company, the Interstate Grain Company, 
the Merchants' Lumber Company and the Royal Lumber Company, 
besides which he is Secretary and Treasurer of the Atlas Lumber 
Company. He is likewise Vice-President of the G. W. Van Dusen 
Company, all of these notable corporations maintaining headquar- 



OF THE CITY OF CHICAGO 117 

ters in Minneapolis. In addition to his connection with the Chi- 
cago Board of Trade and the MinneapoHs Chamber of Commerce 
he also holds membership in the Winnipeg Board of Trade. Gustav 
Frank Ewe is a scion of one of the pioneer families of the Badger 
State, which he is proud to claim as the place of his birth. He was 
born in the city of LaCrosse, Wisconsin, on the 13th of May, 1863. 
and is a son of Otto and Dora (Xahnahaner) Ewe. His father 
was born and reared in the city of Berlin, Germany, and was one 
of the many gallant sons of the German fatherland who came to 
America after the unsuccessful revolutionary movement that gave 
to our republic such noble citizens as the late Carl Schurz and 
many others who have played large parts in the development and 
progress of Wisconsin. Otto Ewe came to the United States in 
1850 and established his home in Wisconsin. He became one of 
the prominent business men and influential citizens of La Crosse, 
where he long conducted a substantial grain business, as a buyer 
and shipper, and where he also conducted a prosperous general 
merchandise business, both he and his wife having passed the clos- 
ing years of their lives in that city. To the public schools of his 
native city Gustav F. Ewe is indebted for his early education, and 
when he was sixteen years old he became actively associated with 
his father's grain business, with which important line of industrial 
and commercial enterprise he has continued to be identified during 
the long intervening years. He became grain agent for the Cargill 
Elevator, and he continued the efficient incumbent of this 
position eight years, at the expiration of which he was advanced 
by the company to the office of grain auditor. As representative 
of this company he established his residence in Minneapolis in 
1888, and he continued his alliance therewith until 1890, wheh he 
connected himself with the extensive business of the Van Dusen, 
Harrington Company, of which he is now Vice-President, and in 
the directing of the enormous business of which he is one of the 
most influential factors. His broad and varied experience and 
authoritative knowledge mark him as one of the leading exponents 
of the grain trade through the northwest, and thus he is specially 
valued as an active and loyal member of the Chicago Board of 
Trade, which he honors by his character and achievement. Essen- 
tially a business man, Mr. Ewe has had no ambition for public office 
or the activities of practical politics, though his attitude is that of 
a progressive and public-spirited citizen. He has received the 
thirty-second degree of the Ancient Accepted Scottish Rite of the 
Masonic fraternity, besides being affiliated also with the Mystic 
Shrine ; he is a popular member of the leading clubs of Minneapolis, 
and is one of the prominent and influential citizens of the Minne- 
sota metropolis, as his various business connections clearly indi- 
cate. He and his wife are members of the Methodist Episcopal 
church and the family home in Minneapolis is located at 2308 Port- 



118 HISTORY OF THE BOARD OF TRADE 

land Avenue. Mr. Ewe was married to Miss Julia Moliton, a 
daughter of the late Ferdinand Moliton, and the four children of 
this union are William Frank, Clark W., Laura and Caroline. 

James William Femald. — The men whose biographies have 
given the greatest benefit to the world are not the men who, 
through exceptionally favorable opportunity, have, in a compara- 
tively short period of time, gained both wealth and prominence, but 
the men whose careers have shown a steady and gradual develop- 
ment. James W. Fernald, one of Chicago's old and reliable busi- 
ness men, is eminently one who has risen gradually through his 
own efforts, and has established a reputation for both fidelity and 
honesty. A native of Wolfboro, New Hampshire, he was born 
July 24, 1839, a son of Jonathan P. and Mary C. (Pike) Fernald. 
He comes of old established New England families prominent in 
the history of that country for many years, and he fully exemplifies 
the alert, enterprising character for which the people of New Eng- 
land have always been noted. He came to Chicago from Boston 
in 1867, and was connected with Ruggles & Crosby in the packing 
business on Indiana Street (now Grand Avenue) until the spring 
of 1868, when he engaged in the pork packing business on his own 
account at the corner of Michigan (now Austin Avenue) and Dear- 
born Streets. A successful business was conducted at this place 
until the great fire of October, 1871, reduced his plant to ashes. 
Mr. Fernald, like thousands of others, practically lost all except 
pluck and determination, and immediately in the same month he 
re-established himself in business at the corner of Halsted and 
Twelfth Streets, this time in the feed business. In 1890 he pur- 
chased the property at the corner of Morgan and Fifteenth Streets, 
on which he erected the warehouse in which he still continues to 
carry on the same line of business, being probably the oldest man 
in this field of activity in Chicago, from point of years in business. 
During his entire commercial career, which covers more than half 
a century, he was never sued, never had any overdue paper, never 
had any of his paper protested and never sued a man against whom 
he did not obtain a judgment. Since establishing himself in com- 
mercial circles of Chicago Mr. Fernald has done business under 
the title of the J. W. Fernald Company, of which he is sole owner 
and the executive head. During this entire period his name in con- 
nection with any transaction has been a guarantee for straightfor- 
ward and honorable dealing, and his career stands without a 
blemish. His house has reached a high state of prosperity and 
reputation, its business embracing large transactions in hay and 
grain, and every year, except that of the "big fire" in 1871, has 
increased its assets. Although still identified in business, he is not 
as active as in former years, a persevering and well directed career 
enabling him to spend considerable time in travel and other recrea- 
tions. Although the scope of his work in various business interests 



OF THE CITY OF CHICAGO 119 

has always been broad, Mr. Fernald has also given close considera- 
tion to civic, educational and municipal problems of the city and 
state, and for many years has been one of the prime movers in this 
important work. He was a member of the Board of Education of 
Chicago, in 1890-1-2, and made the fight, lasting about four months, 
in the Board, for the American flag to be placed on school build- 
ings. The measure was finally unanimously adopted, establishing 
a precedent which has since been followed throughout this country 
and over the civilized world. He has also been prominent in 
fraternal insurance societies for many years, and has gained wide 
popularity for the active interest he has taken in the work. As 
a member and Past Grand Regent of the Illinois Royal Arcanum, 
he has gained distinction, having served seven years as a member 
of the Supreme Council, six of which he was chairman of the 
Supreme Trustees. He has also been actively identified with 
several fraternal insurance organizations, among which is the Royal 
League, of which he became a member in 1878. In 1897, when its 
reserve fund was established, he was made chairman of the Invest- 
ment Committee and a member of the Managing Committee of its 
Supreme Council, and has continued therein up to the present time, 
also for the past six years being the Supreme Treasurer. He 
became a member of the Chicago Board of Trade in 1868, and in 
1893 was the chief organizer of the Board of Trade Mutual Benefit 
Association, of which he was the executive head for nineteen years, 
at which time he requested to be released from further official 
service. Mr. Fernald has been twice married, the first being solem- 
nized November 21, 1866, with Miss Sarah K. Higgins, of Orleans, 
Massachusetts, and they became the parents of three children : 
Paul, Lyn and Raymond. This wife died April 20, 1902, and in 
February, 1907, he wedded Mrs. Belle M. Powell, a daughter of 
the late ex-Governor Joel A. Matteson, of Illinois. Mr. Fernald's 
two sons, Paul and Raymond Fernald, are associated with him in 
business, while the daughter became the wife of Thomas F. Law- 
rence, Secretary of the State Life Insuranc Company of Missouri, 
and resides in St. Louis. Throughout his entire public and private 
career Mr. Fernald has had the happy faculty of making friends. 
In his home, in social and business circles, he is kind and courteous, 
and no citizen of Chicago is more respected or enjoys the confidence 
of the people or more richly deserves the regard in which he is held. 
He is a Republican in his political affiliations, and though he takes 
no active part in politics, he is interested in political reform, and 
always casts the weight of his influence in support of men and 
measures working for the public good. He has always stood for 
the things that are right, and for the advancement of citizenship, 
and is interested in all that pertains to modern improvements along 
material, intellectual and moral lines. He is a member, and many 
years treasurer of the First Church of Chicago Christian Scientist. 



120 HISTORY OF THE BOARD OF TRADE 

He is also identified with the Hamilton Club, being one of its first 
members. 

Sim Femandes. — One of the popular young exponents of the 
grain commission business in the city of Chicago, Mr. Fernandes, 
is here associated with the well known commission house of W. H. 
Perrine & Co., and he became a member of the Board of Trade in 
June, 1916, by purchase of the seat of William H. Conley, of Lin- 
coln, Illinois. Virtually his entire active business career has been 
marked by close and progressive alliance with the grain trade, his 
initial experience having been gained in 1903, at Virginia, Illinois. 
Later he became associated with the E. B. Congon Grain Com- 
pany, in his native city of Jacksonville, Morgan County, Illinois, 
and this connection was maintained until 1916, when he formed 
his present alliance with W. H. Perrine & Co. and established his 
residence in Chicago. Mr. Fernandes was born at Jacksonville, 
Illinois, December 5, 1886, and is a son of Simeon and Alice 
(McCormack) Fernandes, his father having long been a general con- 
tractor of broad and successful activities. Mr. Fernandes gained 
his preliminary education in the public schools and supplemented 
this by a course in a business college at Jacksonville. In this 
latter institution he was graduated in 1902, and since that time his 
business activities have been consecutively in connection with the 
commercial phase of the grain industry. In politics Mr. Fernandes 
gives his allegiance to the Republican party, he and his wife are 
members of the Christian church ; he is affiliated with the Masonic 
fraternity, including the Mystic Shrine, and is identified also with 
the Improved Order of Red Men and the Modern Woodmen of 
America. Mr. Fernandes wedded Miss Frances Clarence, daughter 
of William Clarence, of Virginia, Cass County, Illinois, and the two 
children of this union are Sim Clark and Frances Grace. 

Harry B. Field. — A resident of Chicago since his boyhood, Mr. 
Field has here achieved distinctive success as a representative of 
the grain commission business and as an active and effective 
operator on the Board of Trade, his membership in which had its 
inception in 1891. Harry B. Field was born in the city of Peoria, 
Illinois, on the 30th of March, 1867, and is a son of Frank and 
Sophia (Kellogg) Field, the active career of his father having been 
principally one of close association with the milling business, and 
the family home having been established in Chicago in 1877. He 
whose name introduces this article is indebted to the public schools 
for his early education, and in the Chicago schools he continued 
his studies until 1885, when he was graduated in the Lake View 
High School. In the same year he became associated with one of 
the representative concerns engaged in the wholesale boot and shoe 
trade in Chicago, and with this line of enterprise he continued his 
identification until 1891, when he became a member of the Board 
of Trade and initiated his activities in the commission business, of 



OF THE CITY OF CHICAGO 121 

which he has since continued an active and resourceful exponent. 
In a fraternal way Mr. Field is affiliated with the National Union, 
and in his home locality, in the suburb of Ravenswood, he holds 
membership in the Ravenswood Club. In the year 1895 was 
recorded the marriage of Mr. Field to Miss Hattie Spangenberg, 
and to their one child they appropriately gave the personal name 
of Chicago's departed and loved poet, Eugene Field, the identical 
family name making the application the more significant. 

John E. Fitzgerald. — He whose name initiates this paragraph 
is one of the well known non-resident members of the Board of 
Trade of the City of Chicago. He is secretary and general man- 
ager of the Hammond Distilling Company, which controls one of 
the important industrial enterprises in the city of Hammond, 
Indiana, and the large grain demands of which make specially con- 
sistent the active affiliation of its secretary with the Chicago Board 
of Trade. Mr. Fitzgerald was born in New York City on the 3d 
of February, 1865, a son of James and Mary (Luddy) Fitzgerald. 
James Fitzgerald was born and reared in Ireland, where he learned 
the cooper's trade, and he was a young man at the time of his 
immigration to the United States, both he and his wife having 
been residents of Chicago at the time of their death and both hav- 
ing been lifelong communicants of the Catholic church. John E. 
Fitzgerald acquired his early education in the parochial and public 
schools of Chicago, where the family home was established when 
he was but three months old. He early initiated his association 
with business affairs and he has become one of the prominent 
exponents of the distilling industry. The Hammond Distilling 
Company was organized and incorporated in 1901, and the well 
equipped plant of this industrial concern has a capacity for the 
output of five hundred barrels a day, the product being maintained 
at the highest standard. Mr. Fitzgerald was the originator and 
promoter of this now extensive industry, and the plant of the 
company was constructed at a cost of more than five hundred 
thousand dollars, the average annual business having now attained 
an aggregate of six million dollars. Mr. Fitzgerald is a heavy 
stockholder in the Betz Manufacturing Company, which is engaged 
in the manufacturing of surgical instruments, at Hammond, and he 
is also Vice-President of the First National Bank of Hammond. 
Forceful initiative and administrative ability have marked the 
course of Mr. Fitzgerald and he is one of the most liberal and pro- 
gressive citizens and business men of Hammond. He is a Demo- 
crat in politics. In the year 1901 Mr. Fitzgerald wedded Miss 
Laura G. Sexton, a daughter of Austin O. Sexton, of Chicago, and 
the only child of this union is a daughter: Laura M. 

Edward M. Flesh. — The Board of Trade of the City of Chicago 
numbers Edward Matthew Flesh among its active members, and in 
his home city of St. Louis, Missouri, he is one of the most prominent 



122 HISTORY OF THE BOARD OF TRADE 

and influential representatives of the grain trade, as President of 
the C. H. Albers Grain & Commission Company. He is a valued 
and progressive member of the St. Louis Merchants' Exchange, 
and both in his native city and in Chicago it may consistently be 
said that his circle of friends is limited only by that of his acquaint- 
ances. Mr. Flesh was born in St. Louis, Missouri, on the 15th of 
August, 1869, and is a son of Matthew M. and Susan (Carter) 
Flesh. His father was born in Germany, but passed the major part 
of his long and useful life in the State of Missouri, where he 
achieved success and prestige as a business man and where he 
became an influential factor in public affairs. He was active in poli- 
tics for a long period and at one time served as mayor of Jefferson 
City, the capital of Missouri. For many years he was senior mem- 
ber of the firm of Flesh & Mook, one of the oldest and most impor- 
tant paint contracting firms in the city of St. Louis. In his native 
city Edward M. Flesh duly profited by the advantages afforded in 
the public schools and also those of Smith's Academy. At the 
age of sixteen years he became associated with his father's business 
and served a thorough apprenticeship to the painter's trade. As 
a journeyman he followed the work of his trade only a brief interval, 
as he obtained a position as clerk in the establishment of the Collier 
White Lead & Oil Company, of St. Louis. By effective service he 
rose to the position of manager of the shot-tower department of 
the manufacturing business of this representative company, and he 
remained as a valued employe of the company until 1895, when he 
resigned his position to accept that of superintendent of the linseed 
oil department of the business of the National Linseed Oil Com- 
pany at its branch establishment in the city of Chicago. Mr. Flesh 
continued his association with the Chicago offices of this company 
until 1899, and in 1896, to facilitate his service in the handling of 
the affairs of his department of the enterprise, he applied for and 
obtained membership in the Board of Trade, his seat having been 
purchased for eight hundred and fifty dollars. He thereafter rep- 
resented the National Linseed Oil Company on the floor of the 
Chicago Board of Trade until 1899, when he resigned his position 
with the company and sold his membership on the Board of Trade 
for about the same price he had paid for it. In 1902 he 
again purchased a seat on the Board of Trade of Chicago, but at 
this time the transaction involved his expending the sum of two 
thousand nine hundred dollars. Upon resigning his executive posi- 
tion with the National Linseed Oil Company Mr. Flesh returned 
to St. Louis and became one of the interested principals of the 
Albers Grain & Commission Company, in which he succeeded 
John W. Kauffman in the office of Vice-President, Mr. Kaufman 
having been at one time President of the St. Louis Merchants' 
Exchange and having long been a prominent miller and grain man 
of the middle west. The Albers Company was organized in the 



OF THE CITY OF CHICAGO 123 

later '60s by Charles H. Albers, and it owns and operates at the 
present time five large grain elevators of the best modern type. 
The company not only has large elevators at East St. Louis, but 
also at Venice and Danville, Illinois. From the time of associating 
himself with this old and important corporation Mr. Flesh has been 
virtually its chief executive, and he has held the office of President 
of the concern since 1912. He became a member of the St. Louis 
Merchants' Exchange while he was in the employ of the Collier 
Lead & Oil Company and prior to the attaining of his legal 
majority. He is one of the honored and influential members of this 
representative commercial organization at the present time, and 
is known as one of the substantial, loyal and progressive captains 
of industry in his native city. It should be noted also that Mr. 
Flesh was actively concerned in the organization of the National 
Council of Grain Exchanges, on the executive board of which he 
is serving at the time of this writing, in the year 1916. He is a 
member of the St. Louis Club, the Missouri Athletic Club and the 
Noonday Club, and has been President of the St. Louis Automobile 
Club since 1912. He and his wife are communicants of the Protes- 
tant Episcopal church and are active members of the cathedral 
parish of Christ church. Mr. Flesh, a man who has won advance- 
ment and worthy success through his own ability and efforts, is 
essentially liberal, loyal and progressive as a citizen and has been 
active and influential in the furtherance of measures and enterprises 
tending to advance the general welfare. As chairman of the execu- 
tive committee of the good roads organization he was specially 
active and influential in promoting the passage of the three million 
dollar bond issue that was voted upon by the Citizens of St. Louis 
County in 1916, and that is to result in the expenditure of an 
ample sum in improving the roads of the county. He represented 
the anti-option committee at Washington, D. C, and was a mem- 
ber of the executive committee which presented the claims of the 
pure food bills before Congress in 1912 and 1914. With no political 
ambitions of a personal order, Mr. Flesh has refused invariably 
to become a candidate for public office of any order, but he is a 
staunch and loyal supporter of the cause of the Democratic party 
and is admirably fortified in his views concerning governmental 
and economic policies. On the 1st of October, 1890, was solemnized 
the marriage of Mr. Flesh to Miss Hetta May Albers, daughter 
of the late Charles Henry Albers, the founder of the Albers Grain 
& Commission Company. Hetta, the only child of Mr. and Mrs. 
Flesh, died at the age of eight years. 

James J. Fones. — An active member of the Board of Trade 
since 1891 and a Director of the same for a period of three years, 
Mr. Fones has been one of the resourceful and influential figures 
in the cash grain business represented on the Board and has long 
controlled in an independent way, with no partnership or cor- 



124 HISTORY OF THE BOARD OF TRADE 

porate alliances, a substantial and successful business in this branch 
of the commission grain trade in Chicago. He has made a close 
study of the line of enterprise that has thus engrossed his time 
and attention and the high reputation which he has gained consti- 
tutes a most valuable business asset. Mr. Fones was born at East 
Greenwich, Rhode Island, on the 12th of February, 1860, and is a 
son of James J. and Margaret (Dunn) Fones. In his youth he 
attended the East Greenwich Academy and also an excellent school 
conducted in the city of Providence, Rhode Island, under the 
auspices of the Society of Friends. In 1880, when twenty years 
of age, he became associated with the grain elevator business at 
Wall Lake, Iowa, and with this line of enterprise he continued his 
identification until he established his residence in Chicago in 1890. 
The knowledge and experience which he thus gained in the initial 
period of his business career have proved of distinct value to him 
in his operations as a commission merchant, and his success as a 
representative of this important line of commercial enterprise dur- 
ing the period of his independent operations in Chicago has been of 
unequivocal order. In the year 1883 was solemnized the marriage 
of Mr. Fones to Miss Mary E. Wilcox, of East Greenwich, Rhode 
Island, and they have three children : Grace, Oceanna and John 
Harris. 

George S. Forbes. — Vigor, resourcefulness and enthusiasm 
have characterized the activities of George Shipman Forbes as one 
of the representative younger members of the Board of Trade, his 
identification with which as a member had its inception on the 31st 
of August, 1905. His business career has been one in which 
advancement has been gained through personal ability and ambi- 
tious and well directed efTort, and since 1909 he has been an inde- 
pendent operator on the Board of Trade, where he specialized in 
the buying and selling of wheat, his success having been normal 
and stable and marked by clarity and discrimination of judgment 
in connection with the trend of the grain market. Mr. Forbes was 
born in Chicago on the 21st of September, 1879, and is a son of 
Daniel and Caroline (Shipman) Forbes. In the public schools of 
his native city he continued his studies until he had availed him- 
self of the advantages of the high school, and he then entered the 
Lewis Institute, one of the admirable educational institutions of 
Chicago, in which he was graduated as a member of the class of 
1900. Prior to this he had gained valuable experience through his 
association with the leather manufacturing business conducted by 
his father, and soon after his graduation in Lewis Institute he 
associated himself with the well known Board of Trade firm of 
McReynolds & Co., and incidentally began his novitiate in connec- 
tion with the great commercial organization of which he is now 
an active and popular member, the Board of Trade of the City of 
Chicago. His ability, initiative and close application gained to him 



OF THE CITY OF CHICAGO' 125 

advancement in the business of the firm mentioned, and he was 
finally made traffic manager for the concern, in which position 
he not only had charge of all grain shipments, but also of the grain 
elevators of the firm in Chicago, St. Louis, Missouri, and Mobile, 
Alabama. From 1906 until 1909 Mr. Forbes was employed in special 
executive capacities by several well known firms represented on the 
Board of Trade, and in the latter year he initiated his independent 
career as a grain broker, his energy, judgment and careful methods 
having resulted in his achieving definite success and prestige as a 
grain operator on the Board of Trade, and his office headquarters 
being maintained in the Postal Telegraph Building. Mr. Forbes is 
most loyal to his native city and takes lively interest in all things 
pertaining to its civic and material welfare and progress. He has 
never entered the arena of practical politics, but he. gives his alle- 
giance to the Republican party. In the time-honored Masonic 
fraternity he has received the chivalric degree of the York Rite, as 
a member of Siloam Commandery, Knights Templar, and he is 
affiliated also with Medinah Temple of the Ancient Arabic Order 
of the Nobles of the Mystic Shrine. On the 21st of February, 1912, 
was solemnized the marriage of Mr. Forbes to Miss Effie Stevens, 
and they have one son, George Stevens Forbes. 

Henry A. Foss. — Broad and accurate is the information that 
gives to the popular weighmaster of the Board of Trade his authori- 
tative status in connection with the ponderous operations of this 
important commercial body, and of this responsible office Henry 
Augustus Foss has been the efficient and valued incumbent for a 
period of nearly twenty years, during which his administration has 
been such as to give him inviolable vantage place in the confidence 
and esteem of the other members of the Board. Mr. Foss holds 
unobtrusively the honors of authorship, since he has compiled 
three volumes of semi-technical and notably valuable order. In 1901 
was issued from the press his work entitled "Scales, Estimating, 
Coopering." In 1903 was published his second volume, 
"Facts and Factors in Accurate Weighing," and in 1908 
he issued his excellent "Shippers' Manual." From 1879 
to 1898 Mr. Foss held the position of receiver's agent 
for the Illinois Central Railroad, and his experience gained in this 
connection admirably fortified him for that of weighmaster of the 
Board of Trade, which position he assumed in July, 1898. On the 
Board he has served as assistant to the Market Report Committee 
and the Membership Committee, and his ability and loyalty have 
made him a valuable factor in connection with the general activities 
of the Board. His civic progressiveness is further evidenced by his 
membership in the Chicago Association of Commerce. Mr. Foss is 
a scion of staunch New England stock and was born at Thornton, 
Grafton County, New Hampshire, on the 17th of March. 1859. He 
is a son of Martin Henry Foss and Elizabeth Hanna (Elliott) Foss 



126 HISTORY OF THE BOARD OF TRADE 

and was about four years of age at the time of the family removal 
to Chicago. In the city that is now his home he availed himself 
fully of the advantages of the public schools, after which he con- 
tinued his studies in Lake Forest Academy and in Hillsdale Col- 
lege, at Hillsdale, Michigan. He was about twenty years old when 
he entered the grain business in the State grain inspection depart- 
ment. Three years later he assumed the position of receiver's 
agent on the Illinois Central Railroad. He served as receiver's 
agent satisfactorily until he assumed his present important office as 
weighmaster of the Board of Trade, of which body he became a 
member in 1881. He has maintained lively interest in all things 
touching the progress and well-being of Chicago and is a loyal and 
public-spirited citizen, though independent in his political attitude 
and never an aspirant for public office. He is identified with the 
following named and representative social organizations: The 
Kenwood Club and Union League Club. On the 1st of July, 1883, 
was solemnized the marriage of Mr. Foss to Miss Miriam Rum- 
baugh, of Cortland, Ohio, and they have seven children : Vera A., 
Marion H., Elizabeth E., Charlotte, Samuel B., Frank K. and Mar- 
garet. 

Gerstenberg & Co. — The House of Gerstenberg. It was in the 
pioneer days immediately preceding the great Civil War, 1860-62, 
that Carl Gerstenberg founded the great commission house which 
its friends, and they are legion, are fond of calling the House of 
Gerstenberg. It began in a small way and, of necessity, dealt in all 
that the farmers of the western prairies had to ofifer for sale. This 
included live stock, dressed meats, grain and all the products of the 
farm, for the commission man of those older days came near to being 
a general merchant. The relations between producers and commis- 
sion merchant were also of a much more intimate nature than they 
are today, and thus the personality of the commission man was a 
large factor in securing and holding business. Those who dealt with 
Carl Gerstenberg found that he was not only scrupulously honest, 
remitting promptly to the farm the much-needed currency, but that 
he made his clients' interests his own and secured for them all that 
could be obtained for their shipments. This was the foundation 
stone upon which was builded the House of Gerstenberg. As the 
business of Chicago increased to proportions far outstripping even 
the imagination of those earlier days, it became necessary that cer- 
tain concerns should concentrate their attention upoji different 
branches of the trade. Live stock was the first to differentiate, and 
the House of Gerstenberg gradually withdrew from this trade, con- 
fining itself to grain and produce. At their old-time location on 
Kinzie street the firm, in which the two sons, Erich Gerstenberg and 
Adolph Gerstenberg had joined with their father, continued in both 
branches, grain and other produce, until 1884, after which they con- 
fined their eflforts entirely to the grain commission business. Of 



OF THE CITY OF CHICAGO 127 

the younger generation Erich Gerstenberg became a member of the 
Board of Trade of Chicago in 1879, and Adolph Gerstenberg in 1882. 
Both have taken active part, not only in the business of the grain 
market, but in the aiTairs of the Association, and their names are 
frequently mentioned in this history as participants in the stirring 
events which go to make up the life story of the Board of Trade. 
Their present finely-equipped offices, 305-315 South LaSalle Street, 
bear but remote resemblance to the business rooms occupied by the 
concern in 1860, but the firm maintains the same policies and gives 
the same careful, personal attention to the business of its clients as 
it did when it first embarked upon its mercantile career. The firm 
has exceptional facilities for handling barley, gives special care to the 
sample grain trade and does a large business in grain, seeds and mill 
feed. The sons have in every way maintained the honor and prestige 
of the House of Gerstenberg and have increased its business until it 
stands today as one of the oldest and best-known commission houses 
operating on the Board of Trade. 

Edward L. Glaser. — As President of the corporation known as 
Rosenbaum Brothers, Mr. Glaser is a prominent and resourceful 
representative of the grain and elevator business in the great west- 
ern metropolis which figures as the center of gigantic activities 
in this line of enterprise, and he is one of the steadfast, progressive 
and valued members of the Board of Trade, with which he has been 
actively identified since 1893, and in which he has given specially 
circumspect and effective service as a member of the Committees on 
Grain, Transportation and Building. His status as a member of 
the Board and as a loyal and public-spirited citizen entitles him 
to specific representation in this history of the Board of Trade. 
Mr. Glaser was born in the city of Cincinnati, Ohio, on the 23d of 
October, 1861, and is a son of Louis and Adelina Glaser, who 
came to Chicago and established a home when he was a boy. Mr. 
Glaser is indebted to the public schools of Chicago for his early 
educational advantages and it has been within his powers and 
province to keep in touch with the advancing stages of progress 
that have dignified this city since he witnessed, as a lad, the depre- 
dations of the great fire of 1871. Through special predilection for 
and appreciation of the commission business, Mr. Glaser early found 
opportunity to identify himself therewith, and his rise to promi- 
nence and influence in this important field of enterprise has been 
gained through his own ability, resolute purpose and well ordered 
endeavors. In 1898, recognizing the commission business did not 
have a brilliant future, they started in the elevator business, stor- 
ing and distributing grain, having now five terminal elevators. He 
stands exponent of liberal and progressive citizenship and his 
loyalty to his home city is of the most insistent order. He is 
affiliated with such representative civic organizations as the Stand- 
ard Club, the Traffic Club, the City Club and the Lake Shore Coun- 



128 HISTORY OF THE BOARD OF TRADE 

try Club, and he and his family are members of the Sinai Congre- 
gation, whose beautiful new temple of worship is one of the finest 
ecclesiastical edifices in Chicago. On the 21st of September, 1893, 
was solemnized the marriage of Mr. Glaser to Miss Etta Rosen- 
baum, who was reared and educated in Chicago, and their only child 
is Morris Rosenbaum Glaser. 

Henry L. Goemann. — As President and general manager of 
the Goemann Grain Company, of Mansfield, Ohio, the subject of 
this review is one of the leading exponents of the grain business 
in the Buckeye State, and it is specially interesting to record that 
Mr. Goemann has not only been closely identified with the grain 
business from his youth but also that he was connected actively 
with the operations on the Board of Trade of the City of Chicago 
for twenty years prior to returning from this city to his native 
State, where his activities have made him a leading figure in the 
buying and shipping of grain, the company of which he is President 
giving special attention to the handling of high-grade rye; The 
company's elevator at Mansfield has a capacity for the handling of 
sixty-five thousand bushels of grain daily and for the shipping of 
fifty-two cars a day, the plant being essentially modern in all its 
facilities and covering an area of three and one-half acres of ground 
In connection with the extensive business about thirty-five em- 
ployes are retained, and a branch office of the company is estab- 
lished in Chicago, Mr. Goemann having become a member of the 
Board of Trade in 1887 and his identification therewith having been 
continuous during the intervening period of virtually thirty years. 
He is one of the valued and influential citizens and business men 
of the thriving and vigorous city of Mansfield, was elected Presi- 
dent of the Mansfield Chamber of Commerce in January, 1916, the 
estimate placed upon his administration being shown in his re-elec- 
tion in January, 1917. As a young man Mr. Goemann engaged in 
the grain and flour business in his native city of Cincinnati, and 
he had become successfully established in the gsain trade by the 
time he had attained to his legal majority. As already noted, he 
passed a period of twenty years in Chicago, his connection with the 
grain trade having continued efifectively during this time. Upon 
leaving this city he went to Toledo, Ohio, where he gained prece- 
dence as one of the leading grain men of that important industrial 
center. There he remained until 1914, when he removed to Mans- 
field and became President and general manager of the Goemann 
Grain Company, which was organized by him in that year and 
which is incorporated under the laws of Ohio. He is a liberal and 
public-spirited citizen and is a stalwart advocate of the principles 
of the Republican party. Henry L. Goemann was born in the city 
of Cincinnati, Ohio, on the 5th of June, 1863, and is a son of John H. 
and Sylvester (Kiser) Goemann, both natives of Germany. John 
H. Goemann, a cabinetmaker by trade, came to America in the 



OF THE CITY OF CHICAGO 129 

autumn of 1849 and established his home in the city of Cincinnati, 
where he became a prosperous business man and well known 
citizen, and where both he and his wife passed the remainder of 
their lives, secure in the high regard of all who knew them. Henry 
L. Goemann was afforded the advantages of the excellent public 
schools of Cincinnati, where he was reared to adult age and where 
he gained his initial experience in the grain business, as already 
noted. As a young man Mr. Goemann wedded Miss Alice Kiser, 
whose death occurred at an early age and who is survived by no 
children. For his second wife Mr. Goemann married Miss Edith 
Philo, and the one child of this union is Elsie, who is the wife of 
Park Husted, a citizen of Toledo, Ohio. 

Louis P. Goldsborough. — One of the interested principals in the 
grain commission firm of Goldsborough Bpothers, of Baltimore, 
Maryland, Louis Piper Goldsborough, has been actively and suc- 
cessfully engaged in the grain business in his native city since 1887, 
and is a member of the Board of Trade of the City of Chicago, with 
full appreciation of its history, functions and privileges, so that he 
is eligible for representation in this publication. He was born in 
Baltimore on the 2d of June, 1857, and is a son of Henry H. and 
Anna M. (Kennard) Goldsborough, his father having been for many 
years one of the able lawyers and members of the bar of the city of 
Baltimore, where he died in 1899, when venerable in years and 
secure in well-earned honors. Louis P. Goldsborough continued 
his studies in the public schools until he had availed himself duly 
of the advantages of the high school, and his earlier business expe- 
rience included clerical service in a railroad office in Baltimore. In 
1882, when twenty-five years of age, he became associated with the 
commission grain business, with which he has since continued to be 
actively and influentially identified and in which his independent 
operations were begun in 1887, so that his association with this 
important line of commercial enterprise in his native city has cov- 
ered a period of more than thirty years. While earnestly applying 
himself to business Mr. Goldsborough has not wavered in civic 
loyalty as expressed in progressive and liberal citizenship, and his 
political allegiance is given to the Republican party. He is one of 
the veteran members of the Baltimore Chamber of Commerce, and 
in the building of the same the offices of his firm are established. 
His residence is at 35 West Preston street, and he has a wide circle 
of friends in both the business and social circles of his native city. 
He and his wife are communicants of the Protestant Episcopal 
church and hold membership in the parish of Christ church. Mr. 
Goldsborough was married to Miss Caroline E. Cheezum, daughter 
of John W. Cheezum, of Talbot County, Maryland. 

Edwin A. Graff. — From the time of his youth to the present 
Mr. Graff has been closely associated with the grain business, and in 
connection with the same it has been within the compass of his 



130 HISTORY OF THE BOARD OF TRADE 

powers and ambition to develop and upbuild one of the represen- 
tative malting enterprises of the nation, this prestige being his 
through the medium of the Columbia Malting Company, of which 
splendid Chicago industrial concern he was the organizer and of 
which he has served as President from its inception. Mr. Graflf has 
been a member of the Board of Trade of the City of Chicago since 
1894 and has been a quiet, dignified but loyal and progressive rep- 
resentative of this organization, as has he also of the more important 
business activities of the city of his adoption, it having been his to 
make the plant and operations of the Columbia Malting Company 
serve as a veritable model in this field of industrial enterprise, be- 
sides which, as a man of education and broad outlook, he stands 
exponent of the best type of civic loyalty and well-ordered public 
spirit. Edwin Adolphus Graff was born at Mount Vernon, the 
judicial center of Knox County, Ohio, and the date of his nativity 
was April 22, 1851. He is a son of John A. and Mary (Haynes) 
Graff, who were residents of the State of Pennsylvania at the time 
of their death, the greater part of the active career of the father 
having been given to produce and grain merchandising. After hav- 
ing duly profited by the advantages aflforded in the public schools 
Mr. Graff completed a higher academic course in the Western 
University of Pennsylvania, and in 1872, shortly after attaining 
to his legal majority, he engaged in the grain and produce business 
in the city of Pittsburgh, that State. There he built up a large and 
substantial business and there he continued his operations until 
1897, when he came to Chicago and effected the organization of 
the Columbia Malting Company, which, under his progressive re- 
gime, has attained to secure vantage place as representing one of the 
model institutions of its kind in the entire United States, with a 
business of wide and important ramifications and with a reputation 
that in itself constitutes a strong commercial asset. Of this sub- 
stantial company Mr. Graff has been President from the beginning, 
and he is also its representative on the Board of Trade, of the 
province and functions of which he is loyally appreciative. Mr. 
GrafT is found aligned as an advocate and supporter of the cause 
of the Republican party, is a member of the Union League and the 
South Shore Country Clubs of Chicago, and also of the Duquesne 
Club of Pittsburgh, Pennsylvania. At Allegheny, Pennsylvania, 
on the 11th of April, 1872, Mr. GraiT wedded Miss Eleanor M. 
Davis, and the wife of his youth was summoned to eternal rest in 
1895, their surviving children being Henderson D., Mary L., John 
A., Edwin A., Jr., and Eleanor M. The eldest son is Secretary and 
Treasurer of the Columbia Malting Company and is likewise a 
member of the Board of Trade. On the 8th of February, 1899, 
was solemnized the marriage of Mr. GrafT to Mrs. Josephine M. 
Hewson, and the one surviving child of this union is Alan Robert 
Graflf. 



OF THE CITY OF CHICAGO 131 

George S. Green. — With intimate and comprehensive experi- 
ence in connection with the seed business, Mr. Green has become one 
of the prominent and influential representatives of this important 
line of commercial and industrial enterprise, as indicated by the fact 
that he is President of the Illinois Seed Company. The corporation 
of which he is thus the executive head has developed an extensive 
and substantial business and is one of the leading concerns of its 
kind in the Middle West. In connection with the operations of the 
representative company with which he is thus identified Mr. Green 
has held membership in and been closely identified with the afifairs 
of the Board of Trade and is one of the progressive business men and 
loyal citizens of Chicago, rendering most appropriate the recognition 
accorded him in this publication. George Stilwell Green was born 
in the city of Hannibal, Missouri, on the 7th of October, 1863, and 
is a son of George R. and Laura M. (Stilwell) Green. After making 
good use of the advantages afforded in the public schools of his 
native State, Mr. Green initiated his association with business affairs 
in 1880, when seventeen years of age. At this juncture in his career 
he entered the employ of D. I. Bushnell & Co., a leading firm of seed 
merchants in the city of St. Louis, and during the long intervening 
years he has continued his active and effective association with the 
line of business enterprise in which he thus early served his novitiate 
and in connection with which he has gained definite success and 
precedence. After a service of five years he was admitted to part- 
nership in the business of D. I. Bushnell & Co., with which he 
thus continued his identification for a further period of eight years. 
In 1889 was effected the organization of the Illinois Seed Company, 
with headquarters in the city of Chicago, and Mr. Green is one of the 
leading stockholders of this corporation, his initiative and adminis- 
trative ability having come into most effective play during the period 
of his service as President of the corporation, a position of which he 
has been the incumbent since July, 1901. In addition to holding 
membership on the Board of Trade Mr. Green is a member also of 
the Chicago Association of Commerce, and he is fully in touch with 
the spirit and activities of each of these important and progressive 
Chicago organizations. The offices of the Illinois Seed Company are 
at 1521 Johnson Street, and its President maintains his residence 
in the beautiful surburban city of Evanston. In the year 1892 
was solemnized the marriage of Mr. Green to Miss Marion Crissey, 
of East Orange, New Jersey, and they have one daughter — 
Gladys Marion. 

George S. Greene. — In the city of Dayton, Ohio, a prominent 
firm engaged in the handling of investment securities and in the 
commission grain trade is that of Brien, Greene & Co., the exceutive 
members of which are Bernis Brien and George S. Greene. The 
latter has been a member of the Board of Trade of the City of Chi- 
cago since 1914, in September of which year the partnership was 



132 HISTORY OF THE BOARD OF TRADE 

formed. The constituent members of the firm are broad-gauged 
and progressive young business men who are bringing to bear the 
utmost circumspection, energy and rehability in the conducting and 
expanding of their well-established business, and it is pleasing to 
give to Mr. Greene the recognition that is due him in this publica- 
tion by reason of his loyal affiliation with the Chicago Board of 
Trade. The business in which he is a principal had its inception in 
1902, but the present firm was formed in 1914, as noted above. 
George Shaw Greene was born in the city of Buflfalo, New York, 
on the 9th of April, 1884, and is the younger of the two children of 
John Bradley Greene and Nancy (Shaw) Greene, both likewise 
natives of the old Empire State. The father was a lawyer of excep- 
tional ability and was one of the representative members of the 
bar at the time of his death, his widow still surviving him. The 
educational advantages afforded to George S. Greene in the period 
of his boyhood and youth were those of the public schools and his- 
toric old Yale University, and his initial business experience was 
gained through his association with the National Cash Register 
Company, of Dayton, Ohio, in connection with which great indus- 
trial enterprise he gained most valuable knowledge of practical and 
fortifying order. He continued with this company until July, 1914, 
when he became concerned with his present line of business, his 
success in which has fully justified his choice of vocation. Mr. 
Greene is a staunch advocate of the principles of the Republican 
party, he and his wife hold membership in the Presbyterian church, 
and he is a popular member of the Dayton City Club and the Day- 
ton Country Club. Mr. Greene is happily united in marriage to Miss 
Daisy Talbott, a daughter of Herrick E. Talbott, of Dayton, and the 
one child of this union is John Bradley Greene, named in honor of 
his paternal grandfather. 

Malcolm E. Greenleaf. — A member of the Chicago Board of 
Trade since 1914, in which year he became one of the organizers and 
incorporators of the Jacksonville Grain & Commission Company, 
Mr. Greenleaf is prominently concerned with grain operations in the 
western part of the State of Illinois, with his office headquarters in 
the Ayers Bank Building in the city of Jacksonville, Morgan 
County, and he is President of the company above mentioned, the 
same having active representation not only on the Chicago Board 
of Trade, but also the St. Louis Merchants' Exchange. In the vil- 
lage of Alexander, Morgan County, Mr. Greenleaf likewise controls 
a substantial grain business, besides being there engaged in the 
lumber business also, his grain elevator at Alexander having a 
capacity of 60,000 bushels. His valued coadjutor in the Jacksonville 
Grain & Commission Company is Charles A. Obermeyer, who has 
been Secretary and Treasurer of the corporation during the entire 
period of its operations and who has wielded large and worthy 
influence in the development and upbuilding of the substantial 



OF THE CITY OF CHICAGO 133 

enterprise. Malcolm E. Greenleaf was born at Jacksonville, Illinois, 
May 19, 1877, and it is specially pleasing to note that he has 
achieved place as one of the thoroughly progressive citizens and 
popular and influential business men of his native city. He is one 
of the seven children born to Edward S. and Katie B. Greenleaf, 
and his father was for many years one of the well-known and suc- 
cessful grain dealers in central Illinois, his active identification with 
this important line of industrial and commercial enterprise having 
continued until his death, which occurred, at Jacksonville, on the 
10th of January, 1911. His widow still maintains her home in this 
city. The public schools of his native city afforded to Malcolm E. 
Greenleaf excellent educational advantages in his boyhood and 
youth and after having profited by the curriculum of the high school 
he took a partial course in Whipple College. He early gained prac- 
tical experience in connection with his father's operations as a buyer 
and shipper of grain, and thus he had excellent basic knowledge of 
the business when, in 1912, he became one of the interested prin- 
cipals in the firm which two years later was incorporated under the 
present title of the Jacksonville Grain & Commission Company, 
the business of which he has directed with marked discrimination 
and success, with the valued co-operation of Mr. Obermeyer, who is 
Secretary and Treasurer of the company, as previously noted. He 
is a vital and public-spirited citizen, taking deep interest in all 
things touching the wellbeing of his home city, and his political 
allegiance is given to the Republican party. He was reared in and 
holds to the faith of the Congregational church, and his wife holds 
membership in the Methodist Episcopal church. In a fraternal way 
he maintains affiliation with the Jacksonville Lodge of the Benevo- 
lent and Protective Order of Elks. The marriage of Mr. Greenleaf 
to Miss Letha Beerlip, daughter of S. G. Beerlip, of Jacksonville, 
has resulted in the birth of one child — Malcolm E., Jr. 

William D. Gregory. — One of the most extensive and influen- 
tial concerns engaged in the grain commission trade in the city of 
Minneapolis and one of the most important in this branch of com- 
mercial enterprise in the Northwest is that of Gregory, Jennison 
& Co., the Minneapolis offices of which are in the Flour Exchange 
Building, a branch office being maintained in the Board of Trade 
Building in the city of Duluth. Of this old and honored grain firm 
William D. Gregory is the executive head, and other principals 
who are active and influential also in the control of the management 
of the splendid business are William J. Russell, Edward 
H. Gregory, William A. Gregory, Merton W. Sowle and 
Carl I. Rollins. Mr. Sowle is a representative of the 
firm in the Minneapolis Chamber of Commerce, and Mr. 
Rollins is cashier of the concern, Laurence S. Gregory, a son of 
William D., being likewise associated with the business in an active 
way. William Daniel Gregory has proved himself one of the ster- 



134 HISTORY OF THE BOARD OF TRADE 

ling figures in the vigorous commercial activities of the Minnesota 
metropolis, has wielded large and benignant influence, both as a 
progressive business man and as a public-spirited citizen, and it is 
gratifying to accord to him recognition in this publication, as he 
represents his firm as a member of the Board of Trade of the City 
of Chicago. From an authoritative source in Minneapolis is drawn 
the following estimate, which is clearly worthy of reproduction in 
this connection : '"Thirty-three years of constructive service as 
grain commission specialists has placed the name of Gregory, Jen- 
nison & Co. uppermost among the institutions which have made 
Minneapolis the greatest primary grain market in the world. It 
was away back in 1884, three years after the Minneapolis Chamber 
of Commerce was incorporated, that William D. Gregory and S. S. 
Linton organized the original company and set forth to do their 
share in properly placing the farmer before the grain buyers of the 
world. The names of these two pioneers are emblazoned on the 
escutcheon of the Chamber of Commerce as well as on those of 
other constructive institutions that have made possible the metro- 
politan Minneapolis of the present day. As champions of the cause 
of the producer, they have built up a clientele of patrons that ex- 
tends throughout the Northwest. Farmers have for years recog- 
nized their efforts in their behalf. Their shipments and their orders 
have been placed in the hands of Gregory, Jennison & Co. Service 
has won their confidence and their supporting patronage. William 
D. Gregory, son of an Ohio physician, from boyhood has been asso- 
ciated with the grain and milling industry. In his earlier period of 
experience he was associated with George W. Reynolds and Fallis, 
Linton & Co., millers and grain dealers in the city of Toledo, Ohio. 
When he joined hands with the late S. S. Linton in the commission 
business in Minneapolis, in 1884, the city was given an institution 
that today stands out as a beacon light that has directed people and 
prosperity to its gates. When the company built the Midway ele- 
vator, which had a capacity of about 1,500,000 bushels, it was con- 
sidered a master stroke in business enterprise. Yet there were 
greater things in store. When the Powers Elevator Company was 
organized, Mr. Gregory was one of the guiding heads. The com- 
pany controls more than sixty elevators and twenty-five lumber 
yards in the West. Then there are the Duluth Universal Milling 
Company, the Commander Milling Company and a score of similar 
organizations in which Mr. Gregory is interested. Precepts fol- 
lowed by these commercial captains in early years are today axioms 
in the offices of Gregory, Jennison & Co. The same straightforward 
dealing, the same close study of conditions, and the identical 
methods that gained the confidence of patrons in the pioneer days 
assure continued success. Under the leadership of William D. and 
Edward H. Gregory, William J. Russell and William A. Gregory, 
the company maintains on intrinsic merit its definite priority. Few 



OF THE CITY OF CHICAGO 135 

grain specialists are better known than William J. Russell, whose 
expert knowledge of wheat values is unexcelled, and he has charge 
of the buying for the elevators and various mills with which the 
firm is connected. With his energy and broad experience brought 
to bear, a large shipping business has been developed, involving 
alliance with many eastern millers for whom orders are executed 
solely on his judgment. Associated with and a member of the 
firm is William A. Gregory, whose knowledge of crop conditions 
and market fluctuations has made and saved much for the clients 
of the firm. Every man in the firm is a specialist. He has been 
trained under Gregory-Jennison principles and has been brought up 
in the Gregory-Jennison way of doing things. This compact body 
of experts presents a united front and the fine spirit of co-operation 
has been a dominant force in accomplishing results. Whether it 
be in the pit, on the cash trading floor, in the offices, in financial 
institutions, in elevator companies, the Civic & Commerce Associa- 
tion, the Chamber of Commerce or elsewhere, heads of Gregory, 
Jennison & Co. stand for the welfare of their clients and for a bigger, 
better Minneapolis." William Daniel Gregory, the honored head 
and one of the founders of the representative grain concern of 
Gregory, Jennison & Co., was born in Ohio and is a son of Dr. 
Daniel L. and Anna P. (Clark) Gregory, who were natives of Mas- 
sachusetts and representatives of sterling colonial families of New 
England. Mr. Gregory is a resident of Minneapolis and has been 
most liberal and progressive as a citizen, even as he has proved 
himself one of the strong and resourceful business men of the North- 
west, a veritable captain of industry. He has identified himself 
most fully with community interests, both civic and material, and 
his extensive and important interests are indicated when it is 
stated that he is President of the Underway Elevator Company, 
the Powers Elevator Company, the State Elevator Company, the 
Empire Elevator Company, the Diamond Elevator Company, and 
the Commander Elevator Company, as well as the Interstate Milling 
Company of Duluth, besides being Secretary of the Commercial 
Milling Company. He has long been one of the valued and influen- 
tial members of the Minneapolis Chamber of Commerce, of which 
he has served as a Director ; he is identified with the Milwaukee 
Grain Exchange, and he is a member of the Chicago Board of Trade. 
The political allegiance of Mr. Gregory is given to the Republican 
party, and he has been a close student of governmental and eco- 
nomic affairs. He holds membership in the Minnesota Club, the 
Interlachen Country Club, the Minnetonka Club, the Lafayette 
Club and the Minneapolis Automobile Club. Both he and his wife 
hold membership in the Park Avenue Congregational church in 
Minneapolis, the family home being at 2733 Park avenue, and the 
attractive country or summer home at Minikahda Beach. Mr. 
Gregory was married to Miss Nellie Sowle. 



136 HISTORY OF THE BOARD OF TRADE 

William L. Gregson. — During the entire period of his active 
business career Mr. Gregson has been closely connected with the 
packing and provision industry, and he is now one of the prominent 
and influential representatives of this important line of enterprise 
in the city that has been the principal stage of his activities from 
his youth and in which he has so measured up to the best standards 
of opportunity as to gain success that is worthy of his name and 
that places him in strong vantage-place as one of the influential 
business men and progressive citizens of the western metropolis. 
His membership on the Board of Trade had its inception about 
the year 1889, and he has been fully in sympathy with its high 
code of commercial ethics, as well as appreciative of its important 
and carefully controlled functions. He has been a popular and 
influential figure in the ordering of the aflfairs of the Board of Trade, 
of which he served six years as a Director, besides having held for 
one year the office of Second Vice-President and for an equal 
period the position of First Vice-President. He is now the execu- 
tive head of the well known grain and provision house of W. L. 
Gregson & Co., with offices at 607 Insurance Exchange Building. 
William Linaker Gregson was born at Bridge Farm, Crossens, 
Southport, in Lancashire, England, on the tenth of September, 1866, 
and is a son of William and Margaret (Linaker) Gregson. His 
early education was gained in the village school at Crossens, and 
this discipline was supplemented effectively by a course of higher 
academic study in a collegiate school at Southport. Mr. Gregson 
came to the United States in 1882 as a youth of about sixteen years, 
and in the same year he became associated with the Chicago firm 
of H. Botsford & Co., which was then one of prominence in the 
local field of meat-packing operations. With this firm he gained 
his initial experience in connection with the packing and provision 
trade, and he remained with the concern until 1890, which year he 
passed in the city of Omaha as an attache of the local branch of 
the great packing house of Swift & Co. In 1893 he became assistant 
secretary of the Chicago Packing & Provision Co., of which he 
later became vice-president. He severed this connection to' assume 
the office of president of the International Packing Company, but 
he subsequently resumed his connection with the Chicago Packing 
& Provision Co., of which he became president. In this executive 
capacity he continued his efifective services until 1900, when he 
established the commission firm of W. L. Gregson & Co. Soon 
afterward, however, he organized the Morton-Gregson Company, 
which engaged in the packing business, and of which he continued 
president until 1907, when he became vice-president of the corpo- 
ration known as W. P. Anderson & Co., engaged in the grain and 
provision commission trade. This alliance was terminated by him 
in 1913, since which time he has continued as the executive head of 
the representative commission firm of W. L. Gregson & Co., which 



OF THE CITY OF CHICAGO 137 

controls a large and substantial business in the commission trade in 
grain and provisions. Mr. Gregson maintains his residence in the 
fine suburban district of Morgan Park, where he is a loyal and influ- 
ential factor in civic aflEairs and where he has given effective service 
as a member of the municipal board of trustees and the Calumet 
Park Commission. He is a member of the Union League Club of 
Chicago. On the sixth of August, 1889, was solemnized the mar- 
riage of Mr. Gregson to Miss Fannie Beveridge, daughter of the 
late Peter H. Beveridge, of Chicago, and the three children of this 
union are Margaret, William Fuller and Winifred. 

Joseph P. Griffin. — In all the great crises which have confronted 
the Board of Trade in the many and varied years of its history, the 
man, or the men, have fortunately been found capable and strong 
to meet the emergency. While few, if any, could have foreseen, in 
1915, that the President of the Board then to be elected was to be 
the "War President" in the greatest war the world has known, no 
wiser choice could have been made than when the virile young man, 
Joseph P. Griffin, was elected. His reputation was not that of a 
plunger or speculator, but that of a large and substantial dealer in 
grain, peculiarly fitting him to aid in the solution of the present 
difficult problem of feeding the people of America, her soldiers in the 
field and the peoples of our warring Allies, without unnecessary 
interruption of trade and without injustice to the producer. The 
nature of his business connection with the Board is such, also, as to 
render pointless what of prejudice there may exist among those 
unacquainted with, and thus unappreciative of, the great function of 
the Board of Trade as the open market place of all the world. That 
Mr. Grifiin has also been able to bring to the unprecedented exac- 
tions of his task as leader of the Association unbounded and tireless 
energy exalted patriotism, quick and decisive action and excellent 
judgment based on wide experience, are further factors in inspiring 
confidence that the Board of Trade will emerge from the ordeal of 
war with its splendid record during the Civil War repeated, with its 
future assured and with a still stronger place in the esteem of the 
thoughtful business men of the Nation. Joseph P. Griffin is the 
youngest man who has ever been honored by his fellow members 
with the important office of President of the Board of Trade. He 
was born in Chicago, March 7th, 1878, and he is, therefore, still 
under forty years of age. He is the son of Charles and Mary (Gal- 
oran) Griffin, his father having been born in the state of New York 
and his mother in the state of Connecticut, although both boast 
that the blood of the Emerald Isle flows through their veins. The 
public schools did not see much of the young Chicago lad, for at 
the age of thirteen he began earning his own way in the world as 
a boy in the employ of the American Glucose Company of which 
he was afterwards President. Anyone talking with Mr. Griffin as 
he is to-day, an educated, polished, and splendidly informed man, 



138 HISTORY OF THE BOARD OF TRADE 

will realize, however, that his education did not end with his school 
days, and one can but vision the many hours of reading and study 
which the tired youth must have done after the hard day's work 
was finished in order to equip himself for the important position 
which he holds in the business world. The story of his victory in 
spite of many obstacles, by the sheer force of his indomitable will, 
his unflagging industry and his keen intellect, is an inspiration as 
to the possibilities of achievement in this great republic for the man 
who will make the very most of every opportunity. Corporations 
may be soulless, but they are always on the lookout to utilize ex- 
ceptional ability and to place added responsibility upon shoulders 
that prove themselves capable of bearing the burden. Thus it was 
that Mr. Griffin found advancement until he was entrusted with 
the corn buying for the great institution with which he was con- 
nected, the transactions for which he was responsible amounting to 
25.000,000 to 30,000.000 bushels a year. He became President of the 
American Glucose Company, Secretary and Treasurer of the Na- 
tional Starch Company, and Director of the Corn Products Com- 
pany when he was little more than thirty years of age, and in 1910, 
he severed his active connection with these concerns and established 
the grain commission firm known as J. P. Griffin and Company, 
which since that time has had an unbroken record of success, based 
largely upon the confidence inspired among his clients by his spot- 
less business career, his diligence in caring for their interests and 
his acknowledged ability as a grain expert. Members of the Board 
of Trade were quick to recognize his worth as an executive and he 
was first nominated, by petition, as a candidate for Director in 1907, 
and elected by a large majority. He gave to this position the same 
energy and ability he had shown in his private business and it was 
but logical that he should, in 1914, be elected to the Vice-Presidency 
and, in 1916, that, as a leader of the cash grain men, he should have 
been elected to the Presidency, after one of the most exciting elec- 
tions the Board has ever known. His opponent at this time was 
no less a man than J. A. Patten, one of the most potent factors in 
the Chicago markets during the 20th century. It is characteristic 
of Mr. Griffin that when this contest was ended and he assumed the 
reins of government, it was with him a closed incident, and that 
he conducted the affairs of his office with the utmost fairness and 
impartiality, is evidenced by his unanimous re-election in 1917. Mr. 
Griffin was an earnest advocate of the erection of a new building 
for the Board of Trade and took steps to promote this project, which 
has, however, been postponed for the present on account of the ex- 
treme cost of building operations. He also took active part in secur- 
ing the repeal of the Stamp Tax of 1914, which imposed excessive 
burdens upon transactions in grain and he has been energetic in 
assisting to devise plans for a new and better clearing house system. 
During the early months of 1917, Mr. Griffin did more than any one 





a^^^ 




OF THE CITY OF CHICAGO 139 

other man to impress upon the people the vital importance of a bet- 
ter organization of our transportation system that commerce might 
have uninterrupted flow, and his repeated efforts were of greatest 
value in securing relief from the great rail blockade which existed. 
During the present strenuous days, when entirely new problems 
confront the Nation, he has acted with firmness and decision, and 
with unswerving patriotism and loyalty both to America and to 
the interests of the Board of Trade. The keynote of Mr. Griffin's 
character is that of almost electric energy, combined with quick 
decision and sound judgment. He is fond of out-door sports and 
is a member of the Westmoreland Golf Club and the Chicago Ath- 
letic Association, but since becoming President of the Board his 
duties have been so pressing that he has had no time for relaxation 
or recreation. The exactions of business have not marred his genial 
and kindly nature, nor disturbed the unfailing courtesy with which 
he greets all with whom he comes in contact. In his home life Mr. 
Grififin has been most happy, as in business he has been most suc- 
cessful. His marriage to Miss Florence Bell took place November 
12, 1902, and five children grace their home : Hollis, Joseph, William, 
Robert and Florence. Politically Mr. Griffin is afifiliated with the 
Republican party, but he is a man who exercises his individual judg- 
ment upon both men and issues. Not alone is the Board of Trade 
to be congratulated that its interests at this time are in such wise and 
capable hands, but the people of the country are to be congratulated 
that the head of this great institution has broad and patriotic views, 
and that nothing which he may do will conflict with the high purpose 
of America or with the prosperity and welfare of its people. 

Thomas A. Grier. — At this juncture attention is directed to one 
of the well known and popular members of the Board of Trade 
who has been for many years an influential figure in connection 
with the grain trade in central Illinois and who is now president 
of T. A. Grier & Co., Inc., of Peoria, this concern having been 
incorporated under the Illinois laws in October, 1916, as successor 
of the former firm of T. A. Grier & Co. Associated with Mr. Grier 
in the new organization of T. A. Grier & Co., Inc., are E. V. Maltby, 
Vice-President ; Samuel Thomas, Treasurer ; J. A. Waring, Secre- 
tary. Mr. Grier has been closely and successfully identified with 
the grain trade in Illinois for more than thirty years, his original 
activities having been with the Union Elevator Company, at Peoria, 
succeeded in 1897 by the Burlington Elevator Company, of which 
he became President in 1897. He is still the chief executive officer 
of this company, and has been one of the leaders in the affairs of 
the Peoria Board of Trade, of which he has served as President 
in 1907. His membership on the Board of Trade of the City of 
Chicago is of long standing, and he is well known to its leading 
resident members. Mr. Grier's operations in the handling of grain 
have long been of broad scope and importance, and he has proved 



140 HISTORY OF THE BOARD OF TRADE 

himself a specially progressive and resourceful business man, his 
activities having included influential association with all grain 
enterprises in his home city of Peoria. A member of a family of 
eleven children, Mr. Grier was born in Wilkes-Barre, Pennsylvania, 
on the first of March, 1850, the family removal to Illinois having 
occurred in the following year, so that he was reared in the West 
and has imbibed most fully of its progressive spirit, as shown by 
his vigor and prominent status as a veritable captain of industry. 
He is a son of John C. and Elizabeth (Perkins) Grier, both likewise 
natives of the old Keystone state, and the father became a pioneer 
in the grain and stock commission business in Illinois, the family 
home having been established at Peoria, this state, in 1851, as 
previously intimated. With the lines of enterprise noted John C. 
Grier continued his active alliance until his death, which occurred 
in 1891. Two other sons became prominent representatives of the 
grain business at Peoria — General David P., and Robert C. Grier. 
Thomas A. Grier was afforded the advantages of the public schools, 
and as a youth of sixteen years he initiated his business experience 
with the banking business by taking a position in the employ of 
the Mechanics National Bank of Peoria, leaving this position in 
1872 to enter the elevator and grain business. His ability and defi- 
nite achievement led to his being made President of the Burlington 
Elevator Company in 1897. He is one of the most progressive 
citizens and business men of Peoria, is a stalwart in the ranks of 
the Republican party, he and his wife hold membership in the Pres- 
byterian church, and he is one of the leading members of the Peoria 
Country Club and Creve Coeur Club, both of which he has served 
as President. In 1876 was solemnized the marriage of Mr. Grier 
to Miss Ella Clarke, a daughter of the late Samuel S. Clarke, of 
Peoria, Illinois, and of the children of this union four are living, 
namely: Thomas P. Grier, Samuel Clarke Grier, Mrs. Herbert 
B. Jamison, Mrs. Wm. J. Jack. 

Gunder B. Gunderson. — That important corporation, the Min- 
nesota Grain Company, of Minneapolis, is represented in member- 
ship on the Chicago Board of Trade by its president, whose name 
begins this review and who is to be consistently noted as one of 
the leading exponents of the grain commission business in the 
Northwest. He has been actively identified with this important 
line of commercial and industrial enterprise for nearly thirty years, 
has been a member of the Minneapolis Chamber of Commerce 
since 1892, and of the Board of Trade of the City of Chicago since 
1894, his high standing in his chosen field of endeavor specially 
entitling him to recognition in this history. He has extended his 
active association with the commercial phases of the grain business 
by his alliance with the Duluth Board of Trade, of which he has 
been a member since 1892. The Minneapolis offices of the Min- 
nesota Grain Company are at 451-2 Chamber of Commerce Building, 



OF THE CITY OF CHICAGO 141 

and a branch office is maintained at 301 in the Board of Trade 
Building in the city of Duluth. C. M. Reese is Vice-President of 
the company, and Herbert J. Gunderson, son of the President, is 
its Secretary, two other sons, Walter E. and Charles F., likewise 
being actively associated with the business, and Herbert J. being 
an active and popular member of the Minneapolis Chamber of 
Commerce. Gunder B. Gunderson, a representative of that fine 
Scandinavian element that has exercised most potent influence 
in the civic and industrial development of the great Northwest, 
was born on the twenty-fourth of December, 1861, and is a son 
of Theodore and Kyisten (Ingebresto) Gunderson, both natives 
of Norway and both sterling pioneers of Minnesota, where the 
father became a prosperous farmer and honored citizen. Gunder 
B. Gunderson was reared to the sturdy discipline of the pioneer 
farm and profited fully by the advantages afforded in the public 
schools of the locality and period. In 1884, at the age of twenty- 
three years, he became associated with the flour-milling business, 
with which he continued his identification until 1888, since which 
year he has continued to be actively engaged in the grain trade, 
of which he has become a leading exponent in Minneapolis. He 
was one of the organizers of the Minnesota Grain Company, for- 
merly held the office of Secretary and Treasurer of the same, and 
is now its President. Mr. Gunderson gives his political allegiance 
to the Republican party, he and his family are communicants of 
the Lutheran church, and his attractive home in Minneapolis is 
at 5146 Lyndale avenue. Mr. Gunderson was married to Miss 
Grace Engle, a daughter of Niles Engle, and three of the sons 
of this union are connected with the Minnesota Grain Company, 
as previously noted. 

G. Willard Hales. — Various states of the Union have contrib- 
uted materially and effectively to the personnel of the Board of 
Trade of the City of Chicago, and to the old Buckeye State is this 
organization indebted for the progressive and popular member 
whose name appears above. Mr. Hales has practical reinforcement 
for the labors and responsibilities involved in the grain trade, as 
in his youth he had close fellowship with the basic industry of 
agriculture, and he has gained excellent reputation for his discrimi- 
nation, facility and well ordered conservatism as a buyer of barley, 
corn, wheat and oats, his care and discernment keeping him at all 
times in full touch with the trend of the market in connection 
with each of these lines of produce. Mr. Hales was born on a 
farm in Henrietta Township, Lorain County, Ohio, and the date 
of his nativity was December 18, 1874. He is a son of George E. 
and Lina B. (Rosa) Hales, and his father was long a successful 
exponent of agricultural industry in the Buckeye State. Mr. Hales 
was reared to the sturdy and invigorating discipline of the home 
farm and duly availed himself of the advantages of the local schools, 



142 HISTORY OF THE BOARD OF TRADE 

after which he pursued a higher course of study in the academy 
connected with Oberlin College, at Oberlin, Ohio. He put his 
scholastic attainments to practical test by entering the pedagogic 
profession, during his affiliation with which he proved a successful 
and popular teacher in the rural schools of his native state. His 
experience in connection with practical agricultural enterprises 
was fortified later by his activities as a flour miller, and in 1900 he 
established his permanent residence in Chicago, where he is now 
president of the representative grain business conducted by the 
Hales & Edwards Company, which is duly incorporated under the 
laws of the state and which controls a substantial and well ordered 
business. He served two years as a member of the arbitration 
committee of the Board of Trade. Mr. Hales gives his allegiance 
to the Republican party and his civic loyalty is in consonance with 
his status as a scion of sterling old colonial stock in the great 
American republic. He is an appreciative member of the Society 
of the Sons of the American Revolution, holds membership in 
the Hamilton Club of Chicago and in the Glen Oak Country Club. 
He maintains his home in the fine suburban city of Oak Park, 
and was a member of the board of trustees of that municipality 
in 1916. Both he and his wife are members of the First Congre- 
gational Church of Oak Park. July 30, 1902, recorded the marriage 
of Mr. Hales to Miss Carrie Parker Merchant, and they have three 
children: Burton W., William M. and Caroline. 

Frank W. Hammer. — A member of the Chicago Board of 
Trade since 1910, Mr. Hammer has not found it necessary to wander 
afield from his native city of Polo, Ogle County, Illinois, to establish 
and develop a prosperous general grain and commission business. 
It is specially worthy of note that his father long held prestige as 
one of the successful buyers and shippers of grain in northern 
Illinois, his association with this basic line of commercial and indus- 
trial enterprise having continued until 1890, when he retired. He 
operated several grain elevators and continued his residence at 
Polo until his death, in 1910, no citizen having had more secure 
place in popular confidence and esteem, and his business career 
having been marked by worthy achievement. Frank W. Hammer 
was born at Polo on the twenty-second of March, 1873, and is a son 
of Benjamin and Narcissa (Betennez) Hammer, who were parents 
of nine children. He whose name initiates this review is indebted 
to the public schools of Polo for his early educational discipline, 
and as a youth he learned telegraphy. For a time he was employed 
as a telegraph operator in connection with the grain brokerage 
business and later he gave efficient service for the Chicago, Bur- 
lington & Quincy Railroad, until he established his present business 
enterprise in 1910. He had previously been identified with the grain 
brokerage business at Polo, his activities in this line having been 
initiated in 1903 and having continued until he engaged inde- 




fe:?^^^^^^^ 



OF THE CITY OF CHICAGO 143 

pendently in his present business, in which he has met with 
unequivocal success and has well upheld the honors of the family 
name. In connection with his business he is a correspondent of 
the well known Chicago brokerage firm of Logan & Bryan. He 
takes a lively interest in all things pertaining to the civic and 
material welfare of his native city, is a Republican in politics, and 
he and his wife hold membership in the Lutheran church. In a 
fraternal way he is affiliated with the Independent Order of Odd 
Fellows. Mr. Hammer wedded Miss Flora Smith, a daughter of 
William T. Smith, of Whiteside County. 

William W. Hampe. — It has been within the ambition and 
individual ability of Mr. Hampe to gain distinctive success and 
prominence in connection with the export trade in provisions, and 
in this important domain of commercial enterprise he is a member 
of the well known Chicago firm of Paul Tietgens & Co., which 
succeeded to the business of Martin M. Schultz & Co., of which 
latter firm Mr. Hampe had been one of the interested principals. 
He whose name initiates this review has been a resident of Chicago 
since 1883, and his membership on the Board of Trade dates from 
January 15, 1896. In his specific field of enterprise he is one of 
its influential representatives on the Board of Trade, and his suc- 
cess in the provision business has its basis on long and varied 
experience of most intimate and practical order, his initial associ- 
ation with this line of industrial and commercial activity having 
been formed in his native land. He is one of the wide-awake, 
resourceful and progressive business men of the younger genera- 
tion on the Board of Trade, and is clearly entitled to recognition in 
this publication. Mr. Hampe was born in Clausthal, Germany, on 
the third of July, 1876, and in his arrival thus anticipated by only 
one day the centennial of the independence of the nation in which 
he was destined to achieve marked success and his own share of 
independence and prosperity. He is a son of Adolph and Alvine 
Hampe, gained his early education in the excellent schools of Chi- 
cago, and was three years of age at the time of the family immi- 
gration to the United States, the home being established at Chicago. 
Mr. Hampe became associated with the provision trade when a 
mere lad, and has advanced through his own ability and determined 
ambition and surety of purpose from the position of messenger 
boy to that of a leader in connection with the commission and 
export trade of Chicago, with an impregnable vantage place on 
the floor of the Board of Trade as a thoroughly informed captain 
of industry and an expert authority on lard, oils and tallow, to 
which commodities his firm gives special attention in its substantial 
export business, which is constantly expanding in scope and impor- 
tance. As a loyal and public-spirited citizen Mr. Hampe gives 
his political allegiance to the Republican party, and in a social way 
he holds membership in the Chicago Automobile Club and the 



144 HISTORY OF THE BOARD OF TRADE 

Illinois Athletic Club. On the eighteenth of May, 1898, was solem- 
nized the marriage of Mr. Hampe to Miss Ida Stauch, of Chicago. 
They have no children. 

Colonel John L. Hancock. — There is, in the intensified energy of 
the business man, fighting the everyday battle of life, but little to 
attract the attention of the idle observer; but to the mind fully 
awake to the reality and true meaning of human existence there 
are noble and immortal lessons in the story of the life of the man 
who, without other means than a strong heart and clear head, 
conquers adversity, and who, toiling on through the years of an 
arduous career, closes the evening of his life with an honorable 
competence and rich in the respect and esteem of his fellow men. 
Such men rise into prominence and become objects of high con- 
sideration in public estimation only through the development of 
the noblest attributes of manhood, for the accidents of birth and 
fortune, and the adventitious aids of chance and circumstance, 
can do little to give them enduring place in history. The record 
of the lives of successful men who influence and mold events is 
always interesting and instructive, and becomes more so when 
such lives present, in combined view, the elements of material suc- 
cess harmoniously blended with completeness of moral attribute 
and the attractions of unblemished reputation. Such characters 
stand out as the proof of human progress — the illustrations of 
human dignity and worth. The record of the life of Colonel Han- 
cock finds easy and graceful place in a history of the Chicago Board 
of Trade, with which he was so long and prominently identified. 
It stands out pre-eminent among the truly great men of his time 
as the story of a noble character whose force, whose sterling integ- 
rity, whose fortitude amid deep discouragements, whose good 
judgment in the government of complicated affairs, whose control 
of agencies and circumstances, and whose signal success in bring- 
ing to happy fruition great undertakings, both commercial and 
for the public welfare, contributed in marked degree not only to 
the development and growth of the Board of Trade, but also to 
the welfare of the community in which he lived. John L. Hancock 
was born in the town of Buxton, Maine, March 16, 1812, a descend- 
ant from Colonial stock whose family name is synonymous with our 
national independence and numbers among its members many of 
the patriots of 1776, including the American statesman, John Han- 
cock, President of the Provincial Congress in 1774, President of 
the General Congress from 1775 to 1777, and the first of the signers 
of the Declaration of Independence. The immediate subject of 
this review spent his boyhood days in his native village and at 
Hiram, Maine, whither the family had removed when he was a 
lad of fourteen, amidst such surroundings and environments as 
were common to the youth of that period. He was endowed by 
nature with a powerful frame, vigorous intellect, and a spirit of 







>-^^^ 



OF THE CITY OF CHICAGO 145 

courage and enterprise that prompted him to seek a broader field 
than the eastern village afforded, and upon attaining his majority, 
in 1833, he removed to the town of Westbrook, Maine, where he 
engaged in the business of beef packing with considerable success. 
He remained there until 1854, when he formed a business copart- 
nership with the house of Cragin & Co., of New York, and, as the 
western member of the firm, immediately came to Chicago, where 
from the first he became one of the best known and most highly 
respected residents of the city, taking and maintaining a high place 
in commercial circles. He arrived in Chicago in May, 1854, and 
immediately began the erection of a packing house, the magnitude 
of which astonished the many who could not understand where 
sufficient business could be obtained to keep it in operation. The 
plant represented an investment of forty-five thousand dollars 
and had a capacity of fifteen hundred barrels of dressed meats per 
day, and was, in fact, one of the best establishments of its kind in 
existence. Western people thought there existed no demand for 
such a plant, and were inclined to look with doubt upon the judg- 
ment of its builder, but Colonel Hancock, with unerring vision, 
a keen discernment born of optimism, and an unflagging belief in 
the growth and development of the great Northwest, saw beyond 
the restrictions of the moment and built for the future. That his 
judgment was correct has long since been demonstrated by the 
marvelous growth of the packing industry. Colonel Hancock thus 
€arly became a factor in the business life of Chicago, and is here, 
as elsewhere, given recognition as one of the pioneers in one of 
the great basic industries of the city and nation. From the moment 
of his arrival in Chicago and the casting in of his lot with the great 
West, Colonel Hancock took a lively and an active interest in the 
Board of Trade, of which he became a member during the early 
days of its struggle for existence. He was elected Second Vice- 
President, then First Vice-President. In 1863 he was elected Presi- 
dent, and at the expiration of his year of service the members of 
the Board showed their high appreciation of his worth and ability 
by conferring upon him the unusual honor of re-electing him. by 
a very large majority, to serve a second term. During his second 
term as President, the Board of Trade found itself too greatly 
restricted by lack of suitable quarters in which to conduct the 
rapidly increasing volume of its business and a movement was 
started looking toward the construction of a new building. An 
association was organized for this purpose, and Colonel Hancock 
subscribed liberally to the stock and gave generously of his time 
and effort. He was elected a director of the Building Association 
and busied himself deeply in the detail and work of bringing the 
undertaking to a satisfactory and successful conclusion, and the 
new building, located at the corner of La Salle and Washington 
streets, was completed and occupied in 1865. This handsome struc- 



146 HISTORY OF THE BOARD OF TRADE 

ture was completely destroyed in the great fire of 1871, and the 
Board of Trade found itself without a home, but the courage, energy 
and resources of the members, which had proved equal to every 
former emergency, again asserted themselves, and plans for the 
construction of a new building were immediately begun. A special 
building committee was appointed, of which Colonel Hancock was 
chosen chairman, a preference no less a compliment to his past 
effort than a fitting tribute to his genius and constructive ability 
for the future. In referring to this particular undertaking, Andreas, 
in his History of Chicago, says: "On October 11, 1871, two days 
after the destruction of the Chamber of Commerce, with its library, 
trophies and valuable papers, the directors met and resolved to 
reconstruct their building on the old site. The first work was 
done on October 14, while the stone and the brick were yet warm. 
In exactly twelve months the new building was completed and, 
at noon of October 9, 1872, was formally opened and the Board 
of Trade installed in one of the finest buildings, for commercial 
purposes, in America." An illustration appears elsewhere in this 
work showing Colonel Hancock delivering the address at the laying 
of the corner-stone. Thus it was given him to be an active factor 
in the securing and the building of two Chambers of Commerce 
occupied by the Board of Trade. It is impossible within the limi- 
tations of a personal review of this character to deal in detail with 
all the various matters of importance in connection with the Board 
of Trade with which Colonel Hancock was connected, or to enu- 
merate the many regulations now in force which bear the unmis- 
takable imprint of his personality and character, and to which 
historical reference is made elsewhere. It is not alone in the busi- 
ness world that Colonel Hancock won merited distinction, for in 
the dark hour of civil strife, when our existence as a nation was 
at stake, the part taken by the Board of Trade in sustaining the 
hands of the government all through the long night of its darkest 
trial is well known as forming one of the brightest pages in our 
national history, and if there be one to whom special praise is due, 
it is Colonel Hancock. From the very first, he was ever active, 
always doing, liberal to a high degree, hopeful when many others 
were despondent, and ever ready to aid with his counsel and his 
purse. He took an active part in raising and equipping regiments 
for the field, and his office was made headquarters for the organi- 
zation of the first battalion of troops that was called out to duty 
at Cairo. Soon after their departure. Colonel Hancock was sup- 
ported by the Board of Trade in the endeavor to send other troops 
to the field, and he centered his heart and soul in the work. It was 
determined to raise a body of men to be called the "Chicago Board 
of Trade Battery." A war committee was formed, of whcih Colonel 
Hancock was chosen chairman, and soon the battery was organized, 
equipped and went forth to battle for the integrity of the nation, 



OF THE CITY OF CHICAGO 147 

the expense being borne by the Board. Thousands of dollars were 
raised again and again on 'Change, each succeeding request finding 
the purse strings open as liberally as at first. Colonel Hancock 
not only ascended the platform and asked for contributions, but 
he gave liberally himself, setting a noble example which others 
were not slow to follow. Though shunning ostentation, he did 
his utmost to further the cause of the Union, and it is authorita- 
tively said that he contributed of his personal means not less than 
fifty thousand dollars to the cause. As chairman of the war com- 
mittee of the Board of Trade, his duties were ceaseless and his 
efforts untiring. In 1865 he took command of Camp Fry, and under 
his regime the One Hundred and Forty-seventh, One Hundred and 
Fifty-third and the One Hundred and Fifty-sixth regiments, Illinois 
volunteers, were organized, besides which several other companies 
were completed for other regiments depleted by service in the field. 
In 1862 Colonel Hancock built his handsome residence on Michigan 
avenue, at Twenty-sixth street, then the center of the social and 
fashionable life of Chicago, and for many years he resided there. 
He was a firm believer in the future greatness of the city in which 
he had won distinction and success, and in whose progress he had 
become an important factor. He proved his faith in the future of 
the city by investing freely in property holdings, owning at one 
time the ground later occupied by Plymouth and Trinity churches. 
Colonel John L. Hancock died in the city of his adoption February 
17, 1883, ripe in years and the respect of his fellow men. His 
funeral, at Plymouth Church, February 20, was attended by a 
large concourse, including many of the older inhabitants who felt 
that Chicago had lost one of her leading spirits, and who came 
to pay tribute to his manhood. As an individual, John L. Hancock 
stood exemplar of those principles which tend toward the better 
life. All of his dealings were marked by a rigid adherence to the 
principles of equity and fairness. Scrupulously honest, he could 
never countenance, much less practice, any of those petty tricks 
which too often pass current in the business world. Of com- 
manding personal appearance, quick and of keen discernment, he 
possessed an affability and charm of manner that won and held 
friendships and marked him among his fellows — an American 
gentleman. 

David H. Harris. — Among the sterling representatives given 
to the Board of Trade by the old Buckeye state is David H. Harris, 
who has been a member of this great commercial organization since 
December, 1888, and who is the executive head of the well known 
grain brokerage firm of D. H. Harris & Co. He has won success 
and precedence through his own ability and well ordered endeavors, 
and has been one of the loyal and appreciative factors in the opera- 
tions and governmental affairs of the Board of Trade, in which 
he has served on various important committees. Mr. Harris was 



148 HISTORY OF THE BOARD OF TRADE 

born in the city of Portsmouth, Scioto County, Ohio, on the Ohio 
river, and the date of his nativity was February 22, 1862. He is 
a son of William and Ann (Lewis) Harris, who continued their 
residence in Ohio until their death. In the public schools Mr. 
Harris continued his studies until his graduation from the high 
school, and when he was a lad of sixteen years he became virtually 
dependent upon his own resources, with a determination to win 
for himself the fullest possible measure of independence and pros- 
perity and with an ambition that was governed by sterling integ- 
rity of purpose. At the age noted Mr. Harris went to the city of 
Cincinnati, where he obtained employment as a bellboy in the 
Hotel Emery. Here he made the best of his opportunities, and 
while thus engaged he was fortunate in forming the acquaintance 
of R. H. Robinson, one of the leading brokers and commission 
grain dealers of the Queen City. Mr. Robinson appreciated the 
ambition of young Harris and finally gave to him a position in 
his ofifice. The former bellboy here found an excellent opportunity 
to gain business experience of enduring value, and that he fully 
profited by the advantages thus afforded is evidenced by the fact 
that about 1885 he was admitted to partnership in the business, 
under the firm name of R. H. Robinson & Co. In 1888 the firm 
retired from business, and in September of that year Mr. Harris 
came to Chicago, where he felt assured of a broader field of enter- 
prise in the line of business to which he had thoroughly trained 
himself. He forthwith assumed a position with the commission 
firm of Pope & Lewis, and in December of the same year he became 
a member of the Board of Trade. His operations have at all times 
been characterized by energy and good judgment, and by those 
inviolable principles of honor that alone can form the basis of 
worthy success. Mr. Harris has made an admirable record as 
one of the influential exponents of the grain commission business 
and as an active and loyal participant in the aflfairs 
and operations of the Board of Trade, in which his 
circle of friends is coincident with that of his acquaint- 
ances. In 1896 he effected the organization of the present 
commission firm of D. H. Harris & Co., which controls a 
substantial and representative business in general grain brokerage. 
As a youth Mr. Harris served as a member of the Ohio National 
Guard, and in the time-honored Masonic fraternity has not only 
completed the circle of the York Rite, but has received also the 
thirty-second degree of the Ancient Accepted Scottish Rite, besides 
being identified with the Ancient Arabic Order of the Nobles of 
the Mystic Shrine. He holds membership in the Chicago Automo- 
bile Club and the Chicago Yacht Club, and both he and his wife 
are members of the Presbyterian church. On the twenty-second 
of February, 1903, was recorded the marriage of Mr. Harris to 
Miss Antoinette Hernbeek, of Burlington, Iowa, and they have 
two children — Jane and David. 



OF THE CITY OF CHICAGO 149 

Mervin C. Harvey.- — Far beyond mere local limitations ramifies 
the extensive business of the well-known and influential firm of 
Otis & Co., investment bankers and grain commission merchants 
in the city of Cleveland, Ohio, in which State the concern maintains 
branch offices at Columbus, Akron and Youngstown, as does it also 
in the cities of Denver and Colorado Springs, Colorado. Of this 
firm Mervin Clark Harvey is a member and the general manager, 
and he also represents the same on the Board of Trade of the City 
of Chicago, of which he has been a member since 1912, besides 
which the firm has similar representation in the New York Stock 
Exchange. Mr. Harvey was born in the city of Cleveland, Ohio, 
on the 25th of June, 1877, and is a scion of one of the sterling 
pioneer families of this commonwealth. He is one of the three 
children born to Harry A. and Mary (Williams) Harvey, and his 
father, who died in 1880, passed his entire life in Ohio, his principal 
vocation during a signally active and successful career having been 
the operation of flouring mills. He whose name introduces this 
review continued his studies in the public schools of Cleveland until 
he had completed the curriculum of the high school and thereafter 
he continued his studies for a time in Cleveland University. He 
next entered historic old Yale University, and in this institution he 
was graduated with the degree of Bachelor of Arts. In 1901 Mr. 
Harvey engaged in the stock and grain commission business in 
Cleveland, and with these important lines of enterprise he has since 
continued his active and successful association. His original alli- 
ance was with the firm of Otis & Hough, which was succeeded 
by the present firm of Otis & Co. in 1912, Mr. Harvey becoming 
one of the members of the new organization and being now its 
vigorous and able General Manager. This firm has developed a 
substantial business in the handling of high-grade securities as 
well as in the domain of commission operation in the grain trade. 
Otis & Co. retain a corps of efficient employes, as here noted : 
Twenty-five on the New York Stock Exchange ; twenty-three on the 
Chicago Board of Trade ; fifteen salesmen ; six in the branch office 
at Columbus, five in Akron, six in Youngstown, and six each in 
the offices at Denver and Colorado Springs. Mr. Harvey was 
married to Miss Virginia Bonnell, daughter of Martin Bonnell, of 
Cleveland. 

Edward G. Heeman. — When it is stated that Mr. Heeman is a 
man of exceptionally alert and vigorous mentality and that he has 
been actively concerned with the grain business since he was a lad 
of about fifteen years, it may readily be understood that he has 
become recognized as a virtual adept and authority in this important 
line of commercial enterprise, in which he has long been engaged 
in Chicago and on the Board of Trade. He has been a member of 
the Board since September, 1894. He has profited in every sense 
from the broad and varied experience which has been his in the 



150 HISTORY OF THE BOARD OF TRADE 

grain commission trade, and he controls a substantial and creditable 
business, with offices in the Board of Trade Building. In 1881, 
within a short time after leaving school, Mr. Heeman became iden- 
tified with the grain commission trade in Chicago, and from a 
clerical position he won advancement to that of traveling solicitor. 
After having become adequately fortified in his knowledge of the 
various details of the business he finally established an independent 
enterprise and his activities have since continued successfully in 
the handling of a large and prosperous commission business, the 
while he is one of the thoroughly appreciative and valued members 
of the Board of Trade, on which his operations are invariably 
directed with discretion and well-ordered conservatism. Mr. Hee- 
man was born in the city of Cincinnati, Ohio, on the 13th of Janu- 
ary, 1867, and is a son of Henry and Mary Heeman. His early 
education was obtained in the Catholic parochial schools and he 
maintains his home in Chicago. His character is the positive ex- 
pression of a strong and loyal nature, and he has achieved sub- 
stantial and worthy success and a secure place in popular confi- 
dence and esteem. Both he and his wife are communicants of the 
Catholic church. On the 23rd of September, 1893, was solemnized 
the marriage of Mr. Heeman to Miss Helen May Andrews, of Chi- 
cago. They have no children. 

Frank T. Heffelfinger. — A vigorous and influential factor in 
the extensive grain operations of the great Northwest, Mr. Heffel- 
finger maintains membership on the Board of Trade of the City of 
Chicago, and in this important commercial organization is the 
representative of the Minneapolis corporation of F. H. Peavey & 
Co., of which he is President, this being one of the largest grain 
and elevator concerns of the entire Northwest. He is President 
also of the Duluth Terminal. Mr. Heffelfinger is one of the active 
and valued members of the Minneapolis Chamber of Commerce, 
the Milwaukee Grain Exchange and the Winnipeg Grain Exchange. 
He has been actively identified with the important phases of grain 
operations in the Northwest since 1897 and succeeded his father- 
in-law, the late Frank H. Peavey, as executive head of the impor- 
tant corporation that was founded by the latter and that perpetuates 
his name. Frank H. Peavey, who left a large and benignant impress 
upon the industrial and commercial history of Minneapolis and the 
Northwest, was President of F. H. Peavey & Co. at the time of his 
death, which occurred in the city of Chicago, on the 30th of Decem- 
ber, 1901. He was a man of splendid initiative and executive ability, 
and it was given him to define and develop what has been desig- 
nated as the most extensive grain and elevator business in the 
world, the operations of the company which he founded extending 
throughout the great grain-producing regions of the entire West. 
Mr. Peavey was born at Eastport, Maine, on the 20th of January, 
18.S0, and thus was but little past the half-century mark at the time 



OF THE CITY OF CHICAGO 151 

of his death, after an achievement that had been prodigious and 
that had gained him distinction and honor. He was a son of Albert 
D. and Mary (Drew) Peavey, both natives of New England and 
both representatives of fine old colonial families. Like many other 
of the sturdy sons of New England, Mr. Peavey found in the West 
the opportunities for the fulfilling of his ambitious purpose and for 
the winning of large and worthy success that had definite bearing 
on general civic and industrial prosperity. In 1873, he established 
himself in the grain business at Sioux City, Iowa, and from small 
beginnings he developed one of the greatest of the nation's com- 
mercial enterprises in the buying and shipping of grain. A man 
whose life was guided and governed by the highest principles, he 
merited and received the unequivocal confidence and good will of 
his fellow men, and the results of his life and labors are far-reaching 
in their widening angle now that he has passed away. The maiden 
name of his wife was Mary Dibble Wright, and of their three 
children the daughter, Laura J., is the wife of Frank T. Hefifeliinger, 
who succeeded Mr. Peavey as head of the corporation of F. H. 
Peavey & Co. Frank T. Heffelfinger was born in September, 1869, 
and is a son of Charles B. and Margaret L. (Tolen) Hefifelfinger. 
He is indebted to the public schools for his early education, and 
in connection with the active affairs of business he has proved 
himself energetic, resourceful and progressive, so that he is well 
fortified for meeting the manifold exactions of the extensive indus- 
trial and commercial enterprise of which he is now the executive 
head, his association with the grain business having been begun 
in 1897. The offices of F. H. Peavey & Co. are in the building of 
the Minneapolis Chamber of Commerce, of which organization Mr. 
Hefifelfinger is a member. He is a stalwart in the camp of the 
Republican party, is identified with clubs and civic organizations 
in his home city, he and his wife are members of the Presbyterian 
church, and the family residence is at 1828 Third avenue, South. 
Mr. Hefifelfinger was married to Miss Laura J. Peavey, and they 
have four children. Mrs. Heffelfinger's only sister is the wife of 
Frederick B. Wells, of Minneapolis, and her only brother is George 
W. Peavey. 

Andrew J. Helmer. — He whose name initiates this review has 
been a resident of Iroquois County, Illinois, since his boyhood and 
has here gained distinctive success and prestige as one of the exten- 
sive agriculturists and landholders of the county and also as a buyer 
and shipper of grain, his well-equipped elevator being established 
at Hickman. He has been identified with the grain business since 
he was a young man and has become one of its prominent and in- 
fluential representatives in his home county, his activities having 
led him to avail himself of the advantages and privileges of the 
Board of Trade of the City of Chicago, of which he has been a mem- 
ber since 1892, with secure place in the confidence and good will 



152 HISTORY OF THE BOARD OF TRADE 

of his fellow members. He maintains his residence in the attractive 
village of Cissna Park, and is one of the leading grain dealers of 
this section of Iroquois county, his careful and honorable methods 
having been potent in the gaining of the confidence and esteem of 
the grain producers of the county and in the development of his 
substantial business. Mr. Helmer was born in the Province of 
Ontario, Canada, on the 30th of June, 1861, and is one of the nine 
children born to James and Jane (Smith) Helmer, both likewise 
natives of Canada. James Helmer came with his family to Illinois 
in 1863 and purchased a tract of land near Cissna Park, Iroquois 
County, where he eventually developed and improved a valuable 
farm of large area, besides which he became the owner and operator 
of a well-equipped flour mill, both he and his wife having passed 
the remainder of their lives in this county, where he did well his 
part in the furtherance of civic and industrial progress. Andrew J. 
Helmer was about two years of age at the time of the family 
removal to Iroquois County, where he was reared to the invigor- 
ating discipline of the farm and where he profited by the advantages 
afiforded in the public schools of the period. He has never severed 
his allegiance to the basic industry of agriculture and is today the 
owner of an extensive and well-improved landed estate in Iroquois 
County, where also he has been actively identified with the grain 
business since 1883. He is affiliated with the Masonic fraternity 
and the Woodmen of the World, and is a communicant of the 
Protestant Episcopal church, in the faith of which he was reared, 
his wife being a communicant of the Catholic church. Mr. Helmer 
took for his wife Miss Helen R. Connor, daughter of the late Patrick 
Connor, of Iroquois County, and the one child of this union is 
John R., who is editor and publisher of the Cissna Park News, 
which he has made an effective exponent of community interests. 
Joseph A. Henebry. — Since the year 1915 Mr. Henebry has 
been an active and popular member of the Board of Trade of the 
City of Chicago, and he maintains his residence at Plainfield, where 
he is Vice-President and General Manager of the Plainfield Grain 
Company, one of the important concerns in the grain, coal, feed, 
lumber and building material business in northeastern Illinois. 
The company maintains elevators and yards at Plainfield, Caton 
Farm, Frontenac, Normantown 'and Wolf's Crossing, and the 
business is one of broad scope, involving in its prosecution correct 
methods and progressive executive direction. The other officers 
of the company are as here noted : W. H. Cryder, President ; C. F. 
Hartong, Secretary and Treasurer. Mr. Henebry has been a resi- 
dent of Plainfield since 1912 and as a practical grain man has done 
much to further the success of the Plainfield Grain Company, with 
which he identified himself upon establishing his home there. His 
initial experience in the grain trade was gained at Beardstown, 
Illinois, and later he continued his association with the business at 



OF THE CITY OF CHICAGO 153 

Assumption and Morris, from which latter place he removed to 
Plainfield. He has been Vice-President of the Plainfield Grain Com- 
pany since 1915, and had previously served as General Manager, 
of which position he still continues the efficient and popular incum- 
bent. The company operates seven elevators, and its annual volume 
of business marks it as one of the leading concerns in the grain 
business in that part of Illinois. Mr. Henebry, one of the four sur- 
vivors in a family of eleven children, was born near Decatur, Macon 
County, this State, August 11, 1881, and is a son of Philip and 
Bridget (Thorpe) Henebry, the father having long been numbered 
among the prosperous farmers of Illinois. Joseph A. Henebry 
profited duly by the advantages aflforded in the public schools of 
his native county, including the Decatur high school, and there- 
after he pursued a higher academic course at St. Mary's Sem- 
inary, at Perryville. His entire business career has been one of 
close and efifective association with the grain business, and his 
ability and sterling character have gained to him unqualified popu- 
lar esteem, both as a business man and as a loyal and progressive 
citizen. He and his family are communicants of the Catholic church 
and he is affiliated with the Knights of Columbus. Mr. Henebry 
was married to Miss Hannah Blair, a daughter of John Blair, of this 
State, and the two children of this union are Joseph A., Jr., and 
Marcella B. 

William L. Heptig. — Not uneventful has been the career of this 
well-known member of the Board of Trade. Prior to turning his 
attention to the grain commission business he had gained experi- 
ence as a telegraph operator, newspaper reporter and as a writer of 
sporting news, in which last mentioned phase of practical journalism 
he made an excellent record, the while there was quickened a lively 
appreciation of normal and invigorating sports that has not waned 
with the passing years. His initial business experience was gained 
in the capacity of telegraph messenger boy, and from this he was 
led to study the art of telegraphy, with the result that he became a 
skilled operator and laid the foundation for the success which he 
has since achieved in a broader and more exacting field of endeavor, 
his membership on the Board of Trade dating from September 16, 
1914, and his general brokerage and commission business being 
now conducted under the title of William L. Heptig & Co., with 
office headquarters at 55 Board of Trade Building. William Louis 
Heptig was born in the city of Springfield, Ohio, December 23, 
1880, and is a son of Emil and Mary Heptig. His early education 
was acquired in the Catholic parochial schools and thereafter he 
availed himself of the advantages of the Springfield high school. 
When, succeeding his earlier business experience, he took up the 
grain commmission and brokerage business in Chicago, his advance- 
ment in the same was rapid and successful, the direct result of pre- 
vious experience and the application of his own ability and energies. 



154 HISTORY OF THE BOARD OF TRADE 

He and his wife are communicants of the Catholic church and he is 
affihated with the Knights of Columbus. His marriage occurred on 
the 27th of November, 1902, and two children are the fruit of this 
union. 

William Hereley, Jr. — At the head of a business that was 
founded by his father in 1872, Mr. Hereley is a successful exponent 
of the hay, grain and feed trade in his native city, and has been an 
active member of the Board of Trade since December, 1912. He is 
President and Treasurer of the William Hereley Company, the 
headquarters of which are established at 315-19 Chicago avenue, 
and this concern has long controlled a large and important business 
in the handling of grain, hay and feed. Mr. Hereley was born in 
Chicago on the 29th of October, 1879, and is a son of William and 
Maria (Byrne) Hereley. He acquired his preliminary education in 
the public schools of this city, and in 1896 he was graduated from 
De La Salle Institute, from which excellent Chicago institution he 
received the degree of Bachelor of Arts. In the same year he 
became associated with his father in the hay and grain business, 
which the latter had established in 1872, as has been noted above. 
He has fully upheld in this connection the high prestige of the 
family name and is one of the alert and progressive business men of 
the younger generation represented on the Board of Trade of the 
City of Chicago. He is affiliated with the Knights of Columbus 
and the Loyal Order of Moose, and holds membership in the South 
Shore Country Club and the Ridgemoor Country Club. Both he 
and his wife are communicants of the Catholic church, in which 
their membership is maintained in the parish of St. Thomas of 
Canterbury. On the 27th of April, 1904, was solemnized the mar- 
riage of Mr. Hereley to Miss Grace Brady, of Chicago, and they 
have one daughter — Stella Cecelia. 

John Hill, Jr. — In the recorded history of the Board of Trade 
of the City of Chicago more than passing distinction attaches to the 
name of John Hill, Jr., who is now President of Hill's National 
Reporting Company, one of the representative commercial agencies 
of the United States and one whose functions and influence are 
benignant, important and far-reaching. The special credit that 
inures to Mr. Hill in connection with the history and operations of 
the Board of Trade has its basis in his vigorous leadership in con- 
nection with the movement and fight against the pernicious influ- 
ences of bucket shops and other forms of irregular and clandestine 
trading. In his association with this commendable and momentous 
action his courage and determination were on a parity with his 
discrimination, vigor and finesse in directing the forces that purged 
the Board of Trade of the odium that had been reflected upon it 
through the activities of the bucket shops and the machinations of 
illegitimate traders. With unabating zeal and ability he waged this 
warfare in the interests of the Board of Trade during the memorable 




c::^m^ 



OF THE CITY OF CHICAGO 155 

period extending between 1897 and 1905, and the results which he 
aided in gaining should stand in enduring testimony to his high 
business ideals and his unselfish loyalty to the noble commercial 
body of which he has long been a prominent and valued member. 
Mr. Hill was born at Peru, LaSalle County, Illinois, on the 23d 
of November, 1856, and is a son of John and Elizabeth (Donohue) 
Hill. He was a lad of about five years at the time of the family 
removal to Chicago, in 1861, and in the public schools of the future 
metropolis of the West he acquired his early educational training. 
At the age of sixteen years Mr. Hill found employment in the office 
of William G. Purdy, cashier of the Chicago, Rock Island & Pacific 
Railroad, and this association continued until the year 1876, when 
he marked the centennial of America's national independence by 
identifying himself with the grain commission house of McLand- 
burgh & Co., with which he remained until 1881 and gained inti- 
mate and valuable experience in the business to which he then 
directed his attention in an independent way. In 1889 he became 
one of the principals in the commission firm of McCourtie, Hill & 
Co., with which he continued his successful activities as a broker 
and trader until 1897, when he retired from the firm and girded 
himself strenuously for the earnest and successful fight which he 
was to wage in behalf of the Board of Trade and to compass the 
extinction of the bucket shops and all illegal methods and policies 
of trading. With this spirited and meritorious movement he con- 
tinued his activities as a resourceful leader until victory crowned 
his efforts, and he then, in 1905, became the founder of Hill's 
National Reporting Company, of which he has since been Presi- 
dent and which he has made a definite and valuable factor in the 
furtherance and protection of commercial interests, especially those 
applying to the commission trade in grain, provisions, stocks and 
bonds. Mr. Hill was elected a Director of the Board of Trade in 
1892 and was re-elected in 1895, and from 1896 to 1898, inclusive, 
he was chairman of its bucket shop committee. His activities ex- 
panded into a wider field in connection with the suppression of 
illegitimate business and other agencies of pernicious order, and 
in 1896 he was a member and chairman of the committee on gam- 
bling of that sterling organization, the Civic Federation of Chicago. 
In many other directions have his civic loyalty and progressive 
spirit been shown, and he is consistently to be designated as one 
of the broad-minded and representative citizens of Chicago, where 
his antagonisms have ever begotten the enmity of those whom he 
would rather call enemies than friends. Mr. Hill is affiliated with 
the Masonic fraternity, the Royal Arcanum and the Royal League. 
He has a distinct predilection for sports afield and afloat, but is 
not unduly vainglorious concerning his prowess as a piscatorial 
adept, inasmuch as he has never essayed the task of drawing forth 
leviathans with a hook. He is a student of economic and govern- 



156 HISTORY OF THE BOARD OF TRADE 

mental affairs and as a lover of the best in literature has given 
much attention to the collection of books, with the result that he 
has a large and select private library of most valuable and inter- 
esting order. In May, 1881, was solemnized the marriage of Mr. 
Hill to Miss Nellie M. Graham, daughter of Charles H. and Dorothy 
(Douglas) Graham, and the two children of this union are Dorothy 
and Jessie. 

James K. Hooper. — Among the men prominently identified 
with the Chicago Board of Trade, as well as with the industrial 
and social life of the country, few have gained a higher reputation 
for ability and keenness of discernment than has James Kimball 
Hooper, of Chicago. He was born in Walpole, Cheshire County, 
New Hampshire, April 24, 1852, a son of Henry and Mary (Chase) 
Hooper, and he fully exemplifies the alert, enterprising character 
for which the people of New England have always been noted. 
His boyhood days were spent upon a farm, where he was taught 
the habits of industry and economy, the environment being a valu- 
able one during the formative period of his life. Developing an 
aptitude for business, however, he entered commercial life at an 
early age, and for some years was engaged in the manufacture of 
cigars at South Charlestown, New Hampshire. In 1874 Mr. Hooper 
became identified with the grain business, and for many years 
was one of the prominent operators throughout the eastern states. 
He maintained offices at Boston, Massachusetts, and Portland, 
Maine, and conducted a successful business at both places. In 1890 
he removed to Chicago to become manager for Irwin, Green & Co., 
grain commissioners. About five years later he formed a partner- 
ship with David S. Lasier, in the firm of Lasier & Hooper. This 
connection continued until December 30, 1905, when the business 
was incorporated under the title of the Lasier-Hooper Company, of 
which Mr. Hooper was President. In January, 1907, the firm name 
was changed to the Hooper Grain Company, and he was the execu- 
tive head of this company until its dissolution, in November, 1915. 
The house made a specialty of "Sunny Jim Oats," and was one of 
the leading concerns of its kind in the city, being the largest dealers 
in that line in the West, the export sales on this specialty alone 
reaching twenty million bushels in one year. He also had two 
elevators in Chicago, and often ran at an average of one hundred 
cars per day. Believing in the basis of the nimble sixpence, the 
elevators were continuously operated, both day and night, and at 
the time of discontinuing business, he had one hundred and six 
employes on his pay roll. Since the dissolution of this firm Mr. 
Hooper has practically retired from active business, although he 
maintains an office at 140 West Van Buren street, and still deals 
more or less on the Board of Trade. Although quiet and unassum- 
ing in manner, he has many warm friends, and is recognized as a 
man of earnest purpose and progressive principles. He has always 



OF THE CITY OF CHICAGO 157 

stood for the things that are right, and for the advancement of citi- 
zenship, and is interested in all that pertains to modern improve- 
ments along material, intellectual and moral lines. Besides being 
a member of the Chicago Board of Trade, he was for many years 
identified with the Illinois Manufacturers' Association and the Chi- 
cago Association of Commerce. He is also a member of the Royal 
League, National Union, Chicago Board of Trade Mutual Benefit 
Association, New England Society, and the Union League Club and 
South Shore and Beverly Country Clubs. He is fond of golf, motor- 
ing and travel. He was one of the founders of the Beverly Club, 
being chairman of the land association and influential in making the 
club a success. He also acted as financial chairman and governor 
for the club for many years. On October 27, 1882, Mr. Hooper was 
united in marriage with Miss Mary Milliken, of Alstead, New 
Hampshire, a woman of high character and active in charitable 
work, and they became the parents of three children — Rena A., 
Frances and James M. Although Mr. Hooper takes no active part 
in politics, he is interested in political reform, and always casts the 
weight of his influence in support of men and measures working 
for the public good. He is unfaltering in his opposition to a course 
which he deems inimical to the best interests of the country and 
people, and few men in Chicago have been more active in all good 
work. 

Frank L. Hough. — To the credit and distinction of Mr. Hough 
is a consecutive association with the grain business in Illinois for 
fully half a century, his identification with this important line of 
commercial activity having been instituted within less than two 
years after he had attained to his legal majority. The passing years 
have been marked by earnest, worthy and productive effort on his 
part and he continues to be known and honored as one of the well- 
known figures in the grain trade of northern and western Illinois. 
Since 1870 he has maintained his home at Woodhull, Henry County, 
and prior to this he had, in 1867, established himself in the grain 
business at Galesburg, in which city he resided until his removal 
to Woodhull. He has long controlled a business of large volume, 
and in addition to his well-equipped grain elevator at Woodhull he 
operates also a well-ordered chain of elevators at such eligible 
locations as Orion, Osco, Lynn Center and Alpha, all in Henry 
County; at Viola and New Windsor, in Mercer County; at Rio, 
Knox County, and at Alpine, Cook County. Though Mr. Hough 
has always been appreciative of the functions and influence of the 
Board of Trade of the City of Chicago, he has maintained active 
membership in the same only since April 9, 1913, and as one of 
the veteran grain men of the State he is held as a valued and 
honored member of this great commercial organization, even as he 
has long been one of the leading business men and influential citi- 
zens of Woodhull, where his coterie of friends is limited only by 



158 HISTORY OF THE BOARD OF TRADE 

that of the population of the thriving village. Mr. Hough was 
born in Marshall County, Illinois, October 12, 1844, and is a son 
of Rev. Osmus M. and Matilda (Myers) Hough, the father having 
been born and reared in the State of New York and having become 
one of the pioneer clergymen in Marshall County, Illinois, where 
he established his residence in 1840 and where his death occurred 
in 1847. He was survived by two sons, and his widow later con- 
tracted a second marriage, of which were born two daughters. 
Frank L. Hough was a child of about three years at the time of his 
father's death, and was reared to adult age in his native county. 
He not only profited duly by the advantages of the common schools 
of the locality and period, but also by those of Lombard College, at 
Galesburg, and he was twenty-two years of age when he engaged in 
the grain business in that city, whence he removed to Woodhull. 
He is a Republican in politics and as a citizen has been progressive 
and public-spirited, with due appreciation of the stewardship which 
personal success imposes. 

Louis A. Howard. — The initial experience which Mr. Howard 
acquired in connection with the grain trade was in association with 
the business conducted by his father in the State of Iowa, and 
later he had for nearly ten years direct alliance with the grain 
commission trade in Chicago, where he established his residence 
in 1896 and where he remained until 1905, when he removed to the 
city of Minneapolis, where he has since gained definite success 
and influence as a progressive exponent of the grain commission 
business, his offices being at 1015 Chamber of Commerce Building. 
He is a member of the Board of Trade of the City of Chicago, and 
he is also one of the active and influential members of the Minne- 
apolis Chamber of Commerce, his business being conducted in an 
entirely individual and independent way and his experience making 
him a careful and successful trader. Mr. Howard was born in 
Iowa on the 24th of November, 1878, and is a son of William H. and 
Sarah J. (Crill) Howard, his father having been a successful grain 
operator in the Hawkeye State for many years. After having 
made good use of the advantages afforded in the public schools, 
Louis A. Howard became actively associated with his father's grain 
business, and his ambition soon led him to the determination of 
gaining the broader and distinctly fortifying experience that the 
city of Chicago offered, as the world's great center of grain com- 
merce. He came to this city in 1896 and here continued his identi- 
fication with the grain brokerage business until his removal to Min- 
neapolis in 1905, as previously noted, the family home in the Min- 
nesota metropolis being at 1920 Knox avenue. In politics Mr. 
Howard is found arrayed as a stalwart advocate of the cause of the 
Republican party, and he and his wife hold membership in the 
Baptist church. He wedded Miss Lulu B. Miker, a daughter of 





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OF THE CITY OF CHICAGO 159 

John M. Miker, of Webster, Keokuk County, Iowa, and they have 
two children — Adrian N. and Robert L. 

William E. Hudson. — In connection with the general history 
of the development, upbuilding and important activities of the 
Board of Trade of the City of Chicago it is specially pleasing that 
there can be entered also personal mention of those who have been 
concerned with the operations of the organization and have been 
influential in its affairs in the consecutive stages of its advance- 
ment to its present commanding status in the commercial world. 
He whose name initiates this paragraph has been continuously 
identified with the grain brokerage business in Chicago for more 
than a quarter of a century, has been an active member of the 
Board of Trade since June 5, 1895, and is now Vice-President of 
the staunch and influential commission house of the Bartlett-Frazier 
Company, a lineal successor of the firm with which he associated 
himself when a young man. Mr. Hudson has in his makeup naught 
of the apathetic or inconsequent tendencies, and he has measured 
up to the full potentiality of his recognized initiative and executive 
ability, the while he has found in the important domain of grain 
brokerage the best of opportunities for personal advancement and 
for the achieving of both success and a reputation that is in itself 
a distinct commercial and individual asset. He has given loyal 
and effective service in connection with the governmental affairs 
and functional activities of the Board of Trade, of which he is 
now a director, his election to this office, for a term of three years, 
having occurred January 8, 1917. He had previously served as 
a member of the Arbitration and the Grain Committees of the Board. 
His field of activities has been primarily and almost exclusively 
in the cash grain trade, and he holds a position of recognized 
priority in this domain of operations. Mr. Hudson is direct, earnest 
and unassuming, with distinct and characteristic repugnance to 
entering the limelight of publicity, but in a quiet way he has moved 
forward to the goal of worthy success, and in the meanwhile he 
has gained and retained the high esteem of the members of the 
great commercial body with which he has been long identified 
and as a representative of which he is consistently given consider- 
ation in this history of the Board of Trade. Mr. Hudson was born 
at Ellicott City, the judicial center of Howard County, Maryland, 
and the date of his nativity was March 15, 1863, his parents, Henry 
and Martha (Mellor) Hudson, having been residents of Maryland 
at the time of their death. His educational discipline in boyhood 
and youth was gained in the public schools of his native state, 
where also he was a student in Rock Hill College. His initial 
business experience was gained as a clerk in a general farmers' 
supply store at Ellicott City, Maryland, and in 1884, about the 
time of attaining to his legal majority, he came to Chicago and 
entered the employ of the Albert Dickinson Company, which 



160 HISTORY OF THE BOARD OF TRADE 

has become one of the important commercial concerns of Chicago, 
and of which specific mention is made on other pages of this work, 
in the review of the career of its founder, Albert Dickinson. With 
this company Mr. Hudson remained five years, at the expiration of 
which he identified himself with the grain and provision firm of 
William P. Harvey & Co., this alliance having continued during 
the various changes that have since occurred and that have eventu- 
ated in the establishing of the present important and influential 
grain commission business of the Bartlett-Frazier Company, of 
which he is Vice-President. The executive office of which he is 
thus incumbent denotes most efifectively the efficiency of his service 
in his chosen field of business enterprise, and marks him as one of 
the representative figures in the commission trade in the western 
metropolis. As a citizen Mr. Hudson has manifested the same 
spirit of loyalty and progressiveness that has characterized his 
career as a business man and as a valued member of the Board 
of Trade, but he has manifested no desire for political activity or 
public office. He holds membership in the Union League Club 
of Chicago, his pleasant home is in the beautiful north shore suburb 
of Wilmette, and he is affiliated with the Ouilmette Country Club, 
the Wilmette Men's Club and the North Shore Golf Club. On 
the twelfth of November, 1891, was solemnized the marriage of 
Mr. Hudson to Miss Lucy A. Langston, and their only child is 
Beatrice M. 

Colonel Henry D. Hughes.^Of the non-resident members of 
the Board of Trade of the City of Chicago there is none who in 
character, achievement and business and civic standing more clearly 
marks with distinction this great commercial organization of the 
western metropolis than does Colonel Henry Douglas Hughes, of 
the well known and representative Philadelphia firm of Hughes & 
Dier, bankers and brokers. The firm maintains its Philadelphia 
offices in the fine building owned by Colonel Hughes at 1435 Walnut 
street ; the firm's office in New York is under the direct management 
of Dr. E. D. Dier, the junior member of the firm, and at Lancaster, 
Pennsylvania, a branch office is maintained in the Woolworth 
Building. Colonel Hughes is one of the oldest and most influential 
members of the Philadelphia Stock Exchange, and has been an 
appreciative and valued member of the Chicago Board of Trade 
since 1916. Colonel Hughes is the scion of one of the old and 
patrician families of America, and of equal distinction is the lineage 
on the distaflf side. He was born in the city of Philadelphia, Penn- 
sylvania, on the nineteenth of April, 1869, and is a son of Colonel 
William Henry Harrison Hughes and Eleanor (Carroll) Hughes, 
the latter of whom was born and reared in Baltimore, Maryland, 
a granddaughter of Charles Carroll of Carrollton, one of the most 
influential of the patriots who signed that great American docu- 
ment, the Declaration of Independence. The father of Colonel 



OF THE CITY OF CHICAGO 161 

Hughes was a colonel of a Pennsylvania regiment in the Civil War, 
serving on the staff of General Abner Doubleday and especially 
distinguishing himself in the battle of Gettysburg. After the close 
of the war Colonel William H. H. Hughes was prominently men- 
tioned in connection with the Republican nomination for governor 
of Pennsylvania, and he was one of the most honored and influential 
citizens of Philadelphia at the time of his death. He was one of 
the founders of the Union League, and was an intimate personal 
friend of President Lincoln. Colonel Henry D. Hughes was 
afforded in his youth the best educational advantages, including 
those of Germantown Academy, Rugby Academy, at Philadelphia, 
and Harvard University. There have been no limitations to his 
individual verve and versatility, and after leaving college he won 
special prominence in connection with the virile sports of cricket, 
tennis and polo. From the introductory paragraph of an appre- 
ciative estimate that was published a short time ago in the Phila- 
delphia Herald are taken the following pertinent extracts: "A 
veritable Admirable Crichton in the sense of possessing an infinite 
variety of accomplishments, coupled with a winning personality 
and a capacity for doing everything well. Colonel Hughes is a 
notable figure in the social, financial and club life of Philadelphia. 
No man living, perhaps, has been the intimate friend of so many 
notable persons in the realm of literature, art, science and states- 
manship as Henry Douglas Hughes. He was a close friend of 
President McKinley, General William T. Sherman, James Bryce — 
now Lord Bryce — former American ambassador from England ; the 
late Dr. S. Wier Mitchell, Frederick Harrison, Conan Doyle, 
Whistler and Alexander, the great artists ; Saint Gaudens, the 
sculptor; Edwin Booth, Joseph Jefferson, Lawrence Barrett, 
Richard Mansfield, Sir Henry Irving, the shining lights of the stage 
of the last generation ; and many other artists, authors and other 
persons of celebrity in their respective callings." From his early 
manhood Colonel Hughes has been a loyal and influential advocate 
and supporter of the cause of the Republican party, and he has 
contributed many forceful pamphlets in behalf of the party prin- 
ciples and policies in the various national campaigns, the while he 
has come into close personal touch with the statesmen and other 
leaders of his party. Several years ago he was a candidate for 
Congress, and apropos of his political activities the following state- 
ment has been written : "Possessing in a high degree the gift of 
oratory, he has been one of the most sought after speakers in 
Republican gubernatorial and presidential campaigns in the past." 
Relevant to the business career of Colonel Hughes recourse is 
again taken to the previously mentioned article in the Herald : 
"His business career, which finds him now the head of the great 
up-to-date banking and stock Ijrokerage firm of Hughes & Dier, 
began with the founding in this city, thirty-odd years ago, of the 



162 HISTORY OF THE BOARD OF TRADE 

firm of Frank F. Bell & Co., a New York stock exchange house. 
He withdrew from the firm in 1900, on account of ill health, and 
thereafter traveled for two years. He afterward entered into busi- 
ness life again, becoming interested in the filtration and purification 
of water and contributing a number of valuable inventions to this 
end, the same being now largely used throughout the world. He 
was for a time president of the Bethlehem City Water Company, 
the Philadelphia & Bristol Water Company and other water-supply 
concerns." Colonel Hughes became actively and prominently iden- 
tified with the Pennsylvania National Guard and was captain of 
the Second City Troop of Philadelphia in the Spanish-American 
war. At the outbreak of this conflict he was elected colonel of 
the Twenty-second Pennsylvania Volunteer Infantry, a part of a 
provisional brigade that continued in service until the close of the 
war, and which President McKinley pronounced to be one of 
the best in line at the subsequent great peace parade in Philadelphia. 
Colonel Hughes is an appreciative and valued member of the Penn- 
sylvania Society of the Sons of the American Revolution, the 
Society of the War of 1812, the Colonial' Society of Pennsylvania 
and many other historical and patriotic orders. Through family 
prestige and personal status the colonel is a prominent figure in 
the representative social and civic life of his native city, and his 
home is in the beautiful suburb of Ardmore. He is well known 
as a collector of rare books and Chinese porcelains and prints, and 
his is conceded to be one of the finest private libraries in the United 
States. He is identified with many leading social organizations 
in both Philadelphia and New York City, including the Philadelphia 
Art Club, the Overbrook Country Club, the Whitemarsh Valley 
Country Club, the Lincoln Club and the Bankers' Club of New 
York, as well as the famous Terrapin Club, of which he has served 
as Vice-President. He is one of the most loyal and progressive 
citizens of Philadelphia, and here was prominently concerned in 
the organization of the Manufacturers' Club. Both he and his 
wife are zealous communicants of the Protestant Episcopal Church. 
Colonel Hughes was married to Miss Hannah Curnuck, a daughter 
of David Curnuck, and representative of a well known and influ- 
ential family in England. Mrs. Hughes is the gracious and popular 
chatelaine of the beautiful family home and is a leader in the social 
activities of Ardmore and Philadelphia. 

Charles H. Hulburd.— Though he claims the old Empire State 
of the Union as the place of his nativity, Charles Henry Hulburd 
exemplifies most fully the progressive spirit that has significantly 
dominated and denoted the great western portion of our national 
domain, and he is consistently to be termed one of the vigorous 
captains of industry, capitalists and men of aiTairs of the city of 
Chicago. Though he carefully prepared himself for the legal pro- 
fession and gained definite prestige in the same as a young man, 



OF THE CITY OF CHICAGO 163 

he has found in the vital world of business the field of activity in 
which he has gained large and noteworthy success and precedence. 
He was one of the founders of the representative grain commission 
firm of Hulburd, Warren & Chandler, which has influential and 
impregnable position on the Board of Trade of the City of Chicago, 
and aside from the interests thus represented he has large and 
important capitalistic investments which make him clearly entitled 
to the distinction involved in the term captain of industry. Mr. 
Hulburd is President of that great corporation, the Elgin National 
Watch Company, of which executive office he has been the incum- 
bent since 1898, and he is a director of each of the following named 
and important Chicago corporations : The Illinois Trust & Savings 
Bank, the Corn Exchange National Bank and the Union Special 
Machine Company. The membership of Mr. Hulburd on the Board 
of Trade dates from the year 1878, and he is one of the sterling, 
progressive and public-spirited citizens who are contributing to 
the upholding of the fine morale and high civic ideals for which 
this great commercial body has ever stood sponsor. Charles H. 
Hulburd was born at Stockholm, St. Lawrence County, New York, 
on the twenty-eighth of May, 1850, and is a son of Hiram and 
Amelia (Culver) Hulburd. After due prelimniary discipline 
acquired in the public schools, Mr. Hulburd was matriculated in 
Oberlin College, at Oberlin, Ohio, and from this institution he was 
graduated in 1871, with the degree of Bachelor of Arts. His defi- 
nite ambition at this period in his career was to prepare himself 
for the legal profession, and accordingly he entered the law depart- 
ment of the University of New York, in which he completed the 
prescribed curriculum and from which he received in 1873 the 
degree of Bachelor of Laws, with virtually concomitant admission 
to the bar. In the same year he established his residence in Chicago, 
where he engaged in the practice of his profession, in which his 
novitiate was attended with worthy success. After about two 
years of practice, however, he turned his attention to the grain 
commission business, in which he became associated with his 
maternal uncles, the late Charles E. and George N. Culver, of the 
firm of Culver & Co. He maintained this alliance until 1888, and 
from that year forward until 1893 he was found broadening his 
mental horizon and gaining recreation and profit through travel 
in Europe. In the year that marked the opening of the World's 
Columbian Exposition in Chicago Mr. Hulburd here resumed his 
activities in the grain commission trade, of which he has become 
one of the prominent and influential representatives. In 1893 he 
eflfected the organization of the firm of Hulburd, Warren & Co., 
the title of which was later changed to the present form, Hulburd, 
Warren & Chandler. Other interested principals of the concern 
are individually mentioned on other pages of this publication. Mr. 
Hulburd stands forth as one of the loyal and vital men of affairs of 



164 HISTORY OF THE BOARD OF TRADE 

Chicago, and pays unfaltering allegiance to the great metropolis 
of the West, where he has gained and retained the staunchest of 
friends in both business and social circles. He holds membership 
in the following named civic organizations of representative order : 
The Chicago, the Union League, the City, the University, the 
Commercial, the Saddle & Cycle, the Onwentsia and the South 
Shore Country clubs. On the third of February, 1880, Mr. Hulburd 
wedded Miss Anna R. Belknap, of Chicago, and she was summoned 
to eternal rest on the 15th of February, 1906, the two surviving 
children being Anna R., who is the wife of Hugh McB. Johnston, 
and DeForest, who married Miss Marie Hessert. 

Charles T. Hulburd. — The values and the futilities of life are 
not to be gauged merely by the lapse of years, for large and worthy 
achievement is often compassed by a man who is called from the 
stage of his mortal endeavors while still in the full flush of vigorous 
youth, his labors having won a fruition that as fully justified his 
being as though he had been permitted to round out the scriptural 
span of three score years and ten. The consistency of this statement 
was significantly demonstrated in the character and accomplishment 
of the late Charles Tilden Hulburd, who was but thirty years of age 
at the time of his death, but who had made a distinct impress as a 
young man of sterling attributes, of vigorous purpose and of clear 
and worthy success-proclivities. Much is implied when there can be 
offered as gracious an estimate as that given by one of the close and 
valued friends of Mr. Hulburd when the latter was summoned to the 
life eternal and which is worthy of perpetuation in this memoir : 
"Everybody who knew Mr. Hulburd loved him. I never knew a 
man of whom more good words could be said or who had more loyal 
friends. We thought he was healthy, active and vigorous and would 
live a long time. He was taken ill on December 17, 1916, and sub- 
sequently his illness became alarming. The doctors said brain 
fever had developed and in a short time death came. One of the 
things in the world of trade that attracted great attention to him 
was his ability to prepare market letters. His judgment was al- 
most unerring in his perspective of the markets." Mr. Hulburd 
was a vital and popular member of the Board of Trade at the time 
of his death, which occurred December 22, 1916, as the direct sequel 
of a complication of diphtheria and scarlet fever. With character- 
istic earnestness and receptivity, he had made the best use of the 
opportunities afforded him in connection with the grain commission 
business and the operations of the Board of Trade, and for about 
one year prior to his demise he had been floor manager for the well- 
known Board of Trade firm of Shearson, Hammill & Co. He was 
identified with the grain trade in Chicago during virtually his entire 
business career, and had gained specially wide and valuable expe- 
rience through his association with the representative firm of Hul- 
burd, Warren & Chandler. Concerning him the following per- 



OF THE CITY OF CHICAGO 165 

tinent and gracious words have been written by one specially 
familiar with his character and achievement : "Charles Hulburd 
was recognized as one of the brightest and most promising men 
among the younger members of the Board of Trade. He had dis- 
tinct business ability along with tireless energy and ambition. But 
his interests were not confined to business success, for he had a 
warm appreciation of the finer things of life and was a sympathetic 
enthusiast for every good cause." Charles Tilden Hulburd was born 
at Hiawatha, Kansas, on the 24th of September, 1885, and was the 
only son of Oscar T. Hulburd, who later became one of the promi- 
nent and influential grain brokers of Chicago, as a member of the 
firm of Hulburd, Warren & Chandler, which has consistent repre- 
sentation on other pages of this publication. Mr. Hulburd was a 
boy at the time of the family removal to Chicago, where he made 
good use of the advantages of the public schools of Woodlawn and 
of the University High School. In the earlier part of his business 
career he was in the employ of various firms, but the major part of 
his experience in the grain trade was gained during his active and 
effective association with Hulburd, Warren & Chandler, with which 
he continued his connection until he assumed the position of floor 
manager on the Board of Trade for the firm of Shearson, Hammill 
& Co., which incumbency he retained during the final year of his 
life. His course was guided and governed by the high principles 
and his fine sense of personal stewardship found exemplification in 
all the relations of life, so that he not only received but fully merited 
the confidence and esteem in which he was uniformly held. He was 
an active and most popular member of the Chicago Athletic Associ- 
ation and also of the South Shore Country Club — a young man 
whose genial personality and sterling character gained and retained 
to him the staunchest of friends in both business and social circles. 
Edward S. Hunter. — He whose name initiates this paragraph 
has been a resident of Chicago nearly all his life, and here his early 
educational advantages were those afforded in the public schools. 
He was born in the city of Lockport, New York, on the fourth 
of October, 1861, and is a son of James W. and Sarah C. Hunter. 
Mr. Hunter became a member of the Board of Trade of the City of 
Chicago in May, 1884, a few months prior to his twenty-third 
birthday anniversary, and during the long intervening years he has 
been known as a careful and successful trader and he has become 
one of the substantial exponents of the grain commission business 
in Chicago, his operations being mainly confined to the corn trade, 
in which he has become a recognized authority, his business being 
conducted in an independent way. As a youth Mr. Hunter was 
for three years in the employ of the Pullman Palace Car Company, 
and his initial association in connection with the grain brokerage 
business was with the firm of M. S. Nichols & Co., with which he 
continued his alliance six years. Thereafter he was connected with 



166 HISTORY OF THE BOARD OF TRADE 

the firm of William Young & Co., and later with that of R. W. 
Dunham & Co. for several years, both of these having been promi- 
nent concerns represented on the Board of Trade. His long and 
varied experience and distinctive executive ability have made Mr. 
Hunter one of the prominent and influential figures in the corn 
trade, of which he has become one of the leading independent 
traders on the Board of Trade. Mr. Hunter maintains active affili- 
ation with the South Shore Country and the Midlothian Country 
Clubs, representative organizations of Chicago, besides which he 
holds membership in the Midwick Country Club at Pasadena, Cali- 
fornia, and the Bolsa Chica Gun Club of Los Angeles, that state, 
he and his family customarily passing the winter seasons in Cali- 
fornia. Both he and his wife are communicants of the Protestant 
Episcopal church. On the third of September, 1884, was solemnized 
the marriage of Mr. Hunter to Miss Elizabeth Mailers, and they 
have two children — Helen and Robert E. 

Charles E. Hvmtting. — It is pleasing to record that on the 
membership rolls of the Chicago Board of Trade is represented 
one of the pioneer concerns of the great grain commerce of the 
West, he whose name begins this paragraph being president of 
the Huntting Elevator Company, which maintains its office head- 
quarters at 904 Flour Exchange Building, in the city of Minne- 
apolis, and which controls a substantial business that was founded 
in 1860 by the honored father of Charles E. Huntting, who has 
represented the company as a member of the Chicago Board of 
Trade since 1912. D. S. Baird is secretary and treasurer of the 
company, and the headquarters of the corporation have been estab- 
lished in the Minnesota metropolis since May, 1891, though Mr. 
Huntting did not become a resident of Minneapolis until June, 1911. 
The company operates a chain of fifty well-equipped elevators on 
the lines of the Chicago, Milwaukee & St. Paul, the Chicago & 
Great Western and the Chicago, Rock Island & Pacific railroads. 
The business includes the handling of both grain and seeds, and 
special attention is given to the buying and shipping of barley. 
Mr. Huntting was born in Iowa on the twenty-seventh of May, 
1867, and is a son of William F. and Mary R. (Smith) Huntting, 
who were numbered among the sterling pioneers of the Hawkeye 
state. The father became one of the early exponents of the grain 
business in the West, and in 1860 founded the enterprise that has 
continuously enlisted the co-operation and direction of members 
of the family to the present day. so that the Huntting Elevator 
Company consistently perpetuates the family name. He whose 
name begins this review gained his early education in the excellent 
public schools for which Iowa has ever been noted, and his initial 
experience in the grain business was gained under the direction of 
his father, who at that time maintained his residence and business 
headquarters at McGregor, Clayton County, Iowa, a vigorous little 



OF THE CITY OF CHICAGO 167 

town on the Mississippi river. He continued to be associated 
with his father in business until the death of his honored sire, 
gained his broad and accurate knowledge at first hand, and has 
become a recognized authority in all details of the fundamental 
line of industrial and commercial enterprise of which he is now a 
prominent and successful exponent. In addition to his appreciative 
alliance with the Chicago Board of Trade Mr. Huntting is an active 
member of the Minneapolis Chamber of Commerce and the Mil- 
waukee Grain Exchange. His political support is given to the 
Republican party, he is affiliated with the Masonic fraternity, and 
in his home city he holds membership in the Minneapolis Athletic 
Club, the Minneapolis Automobile Club and the Minneapolis Golf 
Club, both he and his wife being members of Plymouth Congre- 
gational Church, the family home being at 2208 Pleasant avenue. 
Mr. Huntting wedded Miss Frances L. Lake, now deceased, and 
who is survived by three children : Charles E., Helen E. and 
James G. Mr. Huntting was married to Miss Charlotte M. Lake, 
a sister of his first wife, and she is the gracious and popular chate- 
laine of their pleasant home. They have no children. 

Charles L. Hutchinson. — By reason of the activities and wide 
influence of his father, the late Benjamin P. Hutchinson, in con- 
nection with the operations and progressive history of the Board 
of Trade of the City of Chicago, the name borne by him whose 
name initiates this review has become a very part of the traditions 
of this great commercial body, which has never claimed on its list 
of members a more original, assertive and individual character 
than the late Benjamin P. Hutchinson, without appreciative recog- 
nition of whom the history of the Board of Trade can not be con- 
sistently written. He was a pioneer member of the Board and 
he gave to its affairs, to its development and upbuilding the splendid 
resources of his unique personality, his influence and his achieve- 
ment, having been such as to gain to him wide reputation and to 
make his activities, always positive and direct, a very part of the 
history of Chicago itself — a city that may well pay to his name 
and memory a lasting tribute of honor. Under such conditions it 
has been splendidly consistent to find that the son, Charles L. 
Hutchinson, has not only been an active and influential member of 
the Board of Trade of the city which has been his home from child- 
hood, but has also played a large part in the civic life of Chicago, 
especially in connection with those things that represent the finer 
civic ideals. He has been an influential member of the Board of 
Trade and has served as its President, but his activities as a member 
have been abated in later years, owing to the exigent demands 
placed upon his attention by his large and varied capitalistic in- 
terests, his executive duties in connection with other business 
affairs of broad scope and importance, and his many responsibilities 
pertinent to his secure status as one of the liberal, progressive and 



168 HISTORY OF THE BOARD OF TRADE 

public-spirited citizens of the western metropolis and his active 
connection with civic institutions and other organizations closely 
touching the social and economic welfare. Mr. Hutchinson gives 
not a little of his time to his administrative duties as Vice-President 
of the Corn Exchange National Bank, of which representative finan- 
cial institution he was formerly President, an office from which he 
withdrew on account of the insistent exigencies of other demands 
placed upon him. He has long been a leader in the financial activi- 
ties of Chicago and he has not abated by one jot or tittle his loyal 
allegiance to the Board of Trade, as an honored member of which 
it is gratifying to be able to accord him recognition in this publica- 
tion. Charles Lawrence Hutchinson was born at Lynn, Massachu- 
setts, on the 7th of March, 1854, and is a son of Benjamin P. and 
Sarah (Ingalls) Hutchinson, who established their home in Chicago 
in 1856, when he was a child of about two years. In the public 
schools of the embryonic metropolis Mr. Hutchinson continued his 
studies until he had completed the curriculum of the old Chicago 
high school, in which he was graduated as a member of the class of 
1873. The broad culture that denotes the man at the present day 
has been the result of judicious study and reading and there came a 
fitting recognition of his intellectual attainments, his activities as 
a patron of art and his distinctive civic loyalty and liberality when 
he received, in 1901, the honorary degree of Master of Arts, from 
Tufts College and the same degree from Harvard University in 
1916. In his youth Mr. Hutchinson became associated with the 
grain commmission trade, in which he gained his training under 
the able direction of his father and of which he eventually became 
one of the leading exponents in Chicago and on the Board of Trade. 
His exceptional executive powers have in later years been signifi- 
cantly exemplified in connection with important banking interests 
in Chicago, where, as already stated, he is now Vice-President of 
the Corn Exchange National Bank. He is a Director of the North- 
ern Trust Company and has other important capitalistic interests of 
varied order. Mr. Hutchinson's activities in connection with civic 
afifairs of what may be termed a semi-public nature have been spe- 
cially benignant and diversified and have marked him as one of 
the most loyal and liberal citizens of Chicago. He was a director 
and chairman of the Fine Arts Commission of the World's Colum- 
bian Exposition, which gave to Chicago a prestige and distinction 
never before commanded ; and for more than a quarter of a century 
he has served most loyally and effectively as President of the Art 
Institute of Chicago, one of the city's proudest institutions. He is 
President of the Chicago Orphan Asylum, is Treasurer of the great 
University of Chicago, is a member of the Board of Directors of the 
Presbyterian Hospital, and he served four terms as President of the 
General Conventions of the Universalist church, of which he is an 
active and influential member. Public afifairs in Chicago have 



OF THE CITY OF CHICAGO 169 

gained his valued and effective co-operation by his service as Treas- 
urer of the Sanitary District of Chicago and as a member of the 
South Park Commission. In the domain of art, in which his talent 
is of appreciative rather than creative order, Mr. Hutchinson has 
become influential aside from his administration as chief executive 
of the Art Institute of Chicago. He is an honorary member of the 
American Institute of Architects, is Treasurer of the national organ- 
ization known as the Municipal Art League, is President of the 
American Federation of Arts, and is Vice-President of the Egypt 
Exploration Fund. Among the more prominent of the representa- 
tive social organizations with which he is identified may be men- 
tioned the Chicago, the Union League, the Chicago Atheletic, the 
University, the Clifif Dwellers, the Quadrangle, the Commercial and 
the Caxton Clubs. In the year 1881 was solemnized the marriage of 
Mr. Hutchinson to Miss Frances Kinsley, daughter of the late Her- 
bert M. Kinsley, of Chicago. They have no children. 

Dudley M. Irwin. — Dudley M. Irwin has been a member of the 
Board of Trade of the City of Chicago since 1904, but his activities 
as a prominent and successful representative of the cash and gen- 
eral commission trade in grain have covered a period of nearly 
forty years. His office headquarters are maintained in the Chamber 
of Commerce building, Buffalo, New York ; the year 1917 finds him 
giving effective service as Vice-President of the Buffalo Corn Ex- 
change ; and he also holds membership in the New York Produce 
Exchange. In the national metropolis he maintains a branch office 
at 220 Eighth street, and through it is able greatly to facilitate his 
broad operations in the commission business. Mr. Irwin is dis- 
tinctly one of the prominent figures in the grain and provision com- 
merce of the Empire state and finds the privileges of the Chicago 
Board of Trade of great value to him, his standing as a citizen and 
man of affairs making especially consistent and gratifying his 
recognition in this history. The only child of Dudley M. and Mary 
(Miller) Irwin, Dudley M. Irwin, Jr., the immediate subject of this 
review, was born at Otsego, New York, June 10, 1860, and his 
parents likewise were natives of New York state, the father having 
been a miller by vocation and having died in 1859, a short time prior 
to the birth of his only child. After having duly profited by the 
advantages of the public schools Mr. Irwin entered college and was 
graduated as a member of the class of 1880, with the degree of 
Bachelor of Arts. In the same year he began his practical experi- 
ence in the grain business, with which he has continued to be 
identified during the long intervening years and in which he has 
achieved substantial and worthy success. In politics Mr. Irwin is 
aligned as a supporter of the cause of the Republican party, as a 
citizen he is liberal and public-spirited, though never a seeker of 
public office ; both he and his wife are communicants of the Prot- 
estant Episcopal church ; and the pleasant family home in Buffalo 



170 HISTORY OF THE BOARD OF TRADE 

is situated at 316 Sumner street. Mr. Irwin is a member of the 
Buffalo Club, the Buffalo Country Club, and the University and 
Grolier Clubs of New York city. Mr. Irwin was married to Miss 
Jennie Marsh, a daughter of William Marsh, who was a well known 
citizen of the state of New Jersey. Mr. and Mrs. Irwin have four 
children, — Florence H., Dudley M. Ill, Katherine P. and Quina- 
har R. 

Harold DeWitt Irwin. — In his native city of Philadelphia Mr. 
Irwin has won for himself distinct success and prestige as a repre- 
sentative of the grain commission business, with which he has 
there been identified since 1892, and in connection with which he is 
now a member of the well known brokerage firm of L. G. Graff & 
Sons, with offices at 304 Bourse building, the other member of the 
firm being L. G. Graff. The firm has membership in the Phila- 
delphia Chamber of Commerce, the Philadelphia Board of Trade, 
and the New York Produce Exchange, and Mr. Irwin has repre- 
sented the concern as a member of the Chicago Board of Trade 
since 1904. Harold DeWitt Irwin was born in Philadelphia on the 
1st of January, 1877, one of the two children of George M. and 
Lucy (Graff) Irwin, his father having been a well known business 
man and honored citizen of Philadelphia for many years prior to his 
death. The early education of Mr. Irwin was acquired principally 
in a well ordered private school conducted under the auspices of the 
Society of Friends, and his entire business experience has been in 
connection with the line of enterprise with which he is now identi- 
fied. He is a stalwart Republican in politics, is affiliated with the 
Union League and Bala Clubs in his home city, and both he and 
his wife are communicants of the Protestant Episcopal church. Mr. 
Irwin was married to Miss Lillian Wanamaker, a daughter of L. W. 
Wanamaker, of Philadelphia, and the one child of this union is a 
daughter, Dorothy. 

Arthur S. Jackson. — Not only in connection with the operations 
of the Board of Trade and the handling of a large volume of business 
in the grain commission trade has Arthur Stanley Jackson shown 
his initiative and resourcefulness, but he has also been identified 
with the lumber trade, in connection with which he had gained dis- 
tinctive success and priority previously to establishing himself in his 
present field of enterprise, as a member of the staunch and reliable 
Board of Trade commission firm of Jackson Brothers & Co., in which 
are associated with him his four brothers, Darius C, Frank Gilbert, 
Horace and Howard B. The honored father, the late William Stan- 
ley Jackson, who was the senior member of this representative firm 
and was one of the old and distinguished members of the Board of 
Trade, in the aft'airs of which he wielded large and benignant influ- 
ence and of which he served at one time as President. Arthur S. 
Jackson was born at Middletown, Orange County, New York, on the 
"l9th of August, 1870, and is a son of William S. and Ella (Helmer) 



OF THE CITY OF CHICAGO 171 

Jackson, who came to the West and established their home in Chi- 
cago. The father, as elsewhere stated, became one of the prominent 
and influential members of the Board of Trade and a strong and 
steadfast figure in the grain commission business, of which he con- 
tinued an exponent until the time of his death. In the public schools 
of Chicago Arthur S. Jackson continued his studies until he had 
completed the curriculum of the high school, and soon afterward he 
became associated with the lumber business, in which connection he 
was employed by various representative firms outside of Chicago 
from 1890 to 1896. In the latter year he became one of the principals 
in the organization of the Badger & Jackson Company, which en- 
gaged in the wholesale and retail dealing in Wisconsin lumber, with 
yards at Green Bay and Rhinelander, Wisconsin. Of this corpora- 
tion, which developed a large and prosperous business, Mr. Jackson 
continued to serve as Secretary and Treasurer until 1905, when he 
engaged in the stock and grain commission business in Chicago, as 
a member of the present representative firm of Jackson Brothers & 
Co. He simultaneously assumed a seat on the Board of Trade, and 
has since been an active and popular member of this great commer- 
cial body. Mr. Jackson gives allegiance to the Republican party, 
and holds membership in the Chicago Athletic, the Kenwood and the 
South Shore Country Clubs. On the 19th of November, 1895, was 
solemnized the marriage of Mr. Jackson to Miss Louise Burkhardt, 
and they have one son — Arthur Stanley, Jr. 

Joseph F. Jackson. — Since the year 1895 the name of Joseph 
Frederick Jackson has been inscribed on the membership rolls of 
the Board of Trade of the City of Chicago, and he has been a promi- 
nent and influential figure in connection with its affairs and its gen- 
eral functional activities. Through the judicious application of his 
powers he has won advancement from the position of telegraph 
operator to that of Secretary of the Purity Oats Company, one of 
the important corporations represented on the Board of Trade and 
one of distinctive prestige in connection with the commercial and 
industrial status of Chicago. Mr. Jackson was born at Strathroy, 
Province of Ontario, Canada, on the 6th of November, 1864, and 
is a son of Peter Walker Jackson and Elizabeth (Spears) Jackson. 
He was reared in his native province and gained his early educa- 
tion in the public schools of Strathroy, Toronto and Sarnia. At the 
age of fourteen years Mr. Jackson began a practical apprenticeship 
in acquiring the art and trade of telegraphist, and after becoming a 
competent operator he served as such and as train dispatcher for 
various railroads and in the employ of the Western Union Tele- 
graph Company. He has been a resident of Chicago since 1890, and 
his initial association with the affairs of the Board of Trade was in 
the capacity of telegraph operator in the board offices of the West- 
ern Union Telegraph Company. His ambition and ability gradually 
led him into a broader sphere of acti\ity and he eventually became 



172 HISTORY OF THE BOARD OF TRADE 

known as one of the resourceful and specially well informed traders 
of the great commercial body of which he became a member in 
1895. On the Board of Trade Mr. Jackson has served as floor man- 
ager for various representative commission firms, including E. L. 
Brewster & Company; Schwartz, Dupee & Company; John H. 
Wrenn & Company; and Shearson, Hammill & Company. In De- 
cember, 1915, he was made secretary of the Purity Oats Company, 
and he has since given his time and attention principally to the 
executive duties imposed upon him in this responsible post and to 
representing this important corporation on the Board of Trade. Mr. 
Jackson is a member of the Board of Trade Mutual Benefit Asso- 
ciation and of the Royal League, and he and his wife are active 
members of Plymouth Congregational church. On the 28th of 
October, 1901, was solemnized the marriage of Mr. Jackson to Miss 
Florence Howard, and they have three children, — Howard Walker, 
Joseph Frederick, Jr., and Ruth DeEtte. 

William C. Jackson. — As a banker and a broker in stock, grain, 
cotton and provisions, Mr. Jackson has achieved definite success and 
precedence in his native city, where he is associated in business with 
David A. Noyes, under the firm name of Noyes & Jackson. Both 
of the principals in this representative firm hold membership on the 
Board of Trade and of Mr. Noyes individual mention is made on 
other pages of this work. William C. Jackson was born in Chicago 
on the 6th of May, 1875, a son of William S. and Ella (Helmer) 
Jackson, and that in the formative period of his character-building 
he breathed deeply of the progressive spirit that animates his na- 
tive city has been shown forth conclusively in his career as a busi- 
ness man and in his loyalty to Chicago and all that the great metro- 
polis represents in civic and commercial ideals. He is indebted to 
the public schools for his early educational discipline, and he has 
been identified with his present line of business enterprise since 
1905, the firm of Noyes & Jackson having built up a substantial 
commission business of the utmost legitimacy and of constantly 
cumulative tendency. Mr. Jackson has been an active and apprecia- 
tive member of the Board of Trade since 1903, and holds member- 
ship also in the Chicago Association of Commerce, of the progres- 
sive civic and business policies of which he is a loyal supporter. 
His political allegiance is given to the Republican party, and he 
holds membership in the Chicago Athletic Association and the 
Exmoor Country Club. On the 27th of December, 1899, was re- 
corded the marriage of Mr. Jackson to Miss Martha Olive Weeks, 
of Chicago, and they have one daughter, Eleanor. 

William S. Jackson. — For nearly forty years the late William S. 
Jackson was a vigorous, honored and influential member of the 
Board of Trade of the City of Chicago, and his was the distinction 
of having served as its president in 1903 and 1904, his able admin- 
istration having fully justified the honor thus conferred upon him 




\wv 6.S\a^cn\ 



OF THE CITY OF CHICAGO 173 

by his appreciative fellow members. It was his to achieve sub- 
stantial success as a representative of the grain commission busi- 
ness in the western metropolis, and that success was won by worthy 
and legitimate means, as his course in life was ever guided and gov- 
erned by the highest principles of integrity and honor and he fully 
merited the confidence and esteem that were uniformly reposed in 
him. He was the virtual founder of the large and important com- 
mission business that is still continued by his brother, Howard B., 
and his son, Arthur S., under the firm title of Jackson Brothers & 
Company, and it is most gratifying to record that as public-spirited 
citizens and alert and progressive business men these two are well 
upholding the prestige of the family name. Mr. Jackson continued 
his active identification with the Board of Trade from 1876 to the 
time of his death, and he was summoned to eternal rest on the 18th 
of November, 1914, a man of strength of purpose and of the finest 
civic and business ideals. William S. Jackson was born at Adrian, 
the judicial center of Lenawee county, Michigan, on the 4th of 
December, 1841, and this date indicates beyond peradventure that 
his parents were numbered among the pioneers of that section of 
the Wolverine state. In his youth Mr. Jackson received excellent 
educational advantages as guaged by the standards of the locality 
and period, and his higher academic training was acquired in the 
University of Wisconsin, at Madison. His father served as a sheriff 
in Wisconsin, at the time of the Civil War, and incidentally he him- 
self was enabled to gain youthful experience in the position of 
deputy sheriff under his honored sire. In 1875 Mr. Jackson, as a 
young man of thirty-four years, came to Chicago, and in the follow- 
ing year he became a member of the Board of Trade, through the 
medium of which he was destined to gain marked precedence and 
success as an influential exponent of the commission business in 
grain. His broad views and well fortified opinions made him for 
many years one of the leaders in the governmental affairs and gen- 
eral functional activities of the Board of Trade, but to the public in 
general he became better known for his civic loyalty and public 
spirit and for his active association with railway construction. In 
1896 he was elected to represent the old Third ward of Chicago on 
the board of aldermen, and of this position he continued the vigor- 
ous, faithful and valued incumbent for a period of eight years. His 
unfaltering loyalty was manifested in his earnest support of mea- 
sures tending to advance the general welfare of the city of its peo- 
ple, and he was specially zealous in the advocacy of the important 
policy of effecting the elevation of railroad tracks within the city 
and in making municipal provision for the establishing of small 
parks. His personal charities and benevolences were unceasing and 
invariably marked by unostentatious and kindly zeal, besides which 
he was for many years a director of the United Charities of Chicago. 



174 HISTORY OF THE BOARD OF TRADE 

His political allegiance was given to the Republican party and his 
religious faith was that of the Presbyterian church. 

Fred W. Jaeger. — By very reason of its topical situation and 
commercial importance the city of Toledo figures as an important 
center and shipping point in connection with the grain trade, and 
of the concerns there having prominent status and important in- 
fluence in this field of enterprise is that of J. F. Zahm & Company, 
in which the executive principals are Fred Mayer and Fred W. 
Jaeger, the latter of whom became an active member of the Board 
of Trade of the City of Chicago upon the death of the senior mem- 
ber of his firm, J. F. Zahm, who passed from the stage of his mortal 
endeavors on the 29th of December, 1907. Fred W. Jaeger was born 
at Elmore, Ohio, on the 5th of January, 1867, one of the seven 
children of Godfrey and Mary (Vaughn) Jaeger, his father having 
long been identified with railroad afifairs and having held several 
dififerent positions of trust in the service of the New York Central 
Railroad Company. He to whom this brief review is dedicated is 
indebted to the public schools of Ohio for his early education and in 
1887, at the age of twenty years, he found employment with the 
firm of J. F. Zahm & Company, engaged in the grain and seed trade 
in Toledo. With this concern he has continued during the inter- 
vening years and he has won by effective service his advancement 
to a place of prominence in this domain of commercial enterprise 
in Ohio and became a member of the firm in connection with whose 
operations he gained the experience that makes him an authority in 
the grain business. The firm has its well appointed Toledo ofifices 
in the Second National Bank Building, its principals are both mem- 
bers of the Toledo Produce Exchange, and Mr. Jaeger, as before 
noted represents the concern as a member of the Board of Trade in 
Chicago, for which reason he is consistently given special represen- 
tation in this history. Mr. Jaeger is liberal and public-spirited in 
his civic attitude but has never sought public office and is independ- 
ent in politics, men and measures counting more with him than 
partisan dictates. He is af^liated with the Masonic fraternity and 
the Benevolent & Protective Order of Elks. He wedded Miss 
Lillian Mclntyre, a daughter of Alonzo W. Mclntyre of Toledo. 

Edward A. James. — From his early youth to the present time 
has Mr. James been connected with the great interests represented 
by Armour & Company, a concern that has played large part in 
giving to Chicago its industrial and commercial priority. Close 
application, determined eflfort and well ordered ambition have been 
the forces that have compassed the progress of Mr. James in the 
business world, and his career admirably illustrates the ancient 
chivalric motto, "Qui meruit palmam ferat," implying that he who 
merits it shall bear the palm of victory. Mr. James is Vice-President 
and Secretary of the Armour Grain Company and has proved him- 
self fully equal to the large and exacting responsibilities and execu- 



OF THE CITY OF CHICAGO 175 

tive demands that are placed upon him in connection with the 
widely disseminated interests of this important corporation. Ed- 
ward Arthur James was born and reared in Chicago and the date of 
his nativity was November 30, 1862. He is a son of William and 
Aurelia (Booth) James, and his father was long and prominently 
identified with business interests in Chicago, where he established 
his home at a time when the city gave slight promise of becoming 
a great metropolitan center. After having profited duly by the ad- 
vantages afforded in the public schools of Chicago Mr. James, when 
about eighteen years of age, entered the employ of Armour & Com- 
pany, and in this connection his personal advancement has kept 
pace with the marvelous progress of the great corporation. He be- 
came a representative of the grain interests of Armour & Company 
about the year 1893, and has been a representative of the same on 
the Board of Trade since 1898, in which year he became a member of 
this important commercial organization of his native city. In 1900 
he became secretary and treasurer of the Armour Grain Company, 
and he has since retained the office of Secretary, besides which he 
has expanded his field of effective service by holding also the office 
of Vice-President of the company, a preferment that came to him 
in 1907. Mr. James is essentially and unreservedly a man of affairs 
and has had little time or inclination for associating himself with 
social organizations. On the 4th of December, 1883. was solemnized 
the marriage of Mr. James to Miss Ada Harris, of Chicago, and they 
have two sons, Sydney Vincent and Garrett Bell. 

John H. Jones. — Within a period of thirty-five years' active 
identification with the operations of the Board of Trade John 
Howard Jones has been a prominent and influential representative 
of the grain commission business in Chicago, and has been one of 
the sterling and popular members who have contributed materially 
to the upholding of the high commercial prestige of the Board of 
Trade, of which he served as a Director for three years and as Vice- 
President for a period of two years. He controls a substantial and 
representative business of individual order, has been a member of 
the Board of Trade since 1881 and his experience has covered a 
broad and effective activity in connection with the best functions 
and privileges for which the Board stands sponsor. He holds mem- 
bership in the Chicago Athletic Club and the Glenview Golf Club, 
and is one of the popular bachelors of the western metropolis, a 
city that has been the stage of his activities during the entire period 
of his business career. John Howard Jones was born in the city of 
Pittsburgh, Pennsylvania, on the 14th of February, 1860, is a son 
of John D. and Mary E. Jones, and has been a resident of Chicago 
since 1866. He has gained through long and varied experience an 
authoritative knowledge of the grain trade, and is one of the repre- 
sentative independent exponents of the commission business on the 



176 HISTORY OF THE BOARD OF TRADE 

Board of Trade, with secure status as a loyal and public-spirited 
citizen. 

Thomas W. Keelin. — A prominent and progressive figure in the 
hay and grain trade in Chicago, he whose name initiates this para- 
graph is the executive head of the firm of T. W. Keelin & Company, 
which maintains its business headquarters at 166-170 North Car- 
penter street, and on the Board of Trade, of which he has been a 
member since June, 1910, he is a popular and influential representa- 
tive in the cash grain trade. Mr. Keelin is a native son of Chicago 
and in his business career he has signally shown forth the progres- 
sive and vigorous spirit for which the western metropolis pre- 
eminently stands sponsor. He was born in this city on the 19th of 
November, 1870, and is a son of John and Elizabeth Keelin. Mr. 
Keelin acquired his early education in the public schools of Chi- 
cago, and in his early youth he gained varied experience in con- 
nection with business activities in his native city. He is distinctly 
popular in both business and social circles, is an active member of 
the Chicago Athletic Club, the Illinois Athletic Club, the Oak Park 
Country Club and the Belmont Golf Club, besides which he main- 
tains affiliation with the Knights of Columbus. Both he and his 
wife are communicants of the Catholic church. On the 27th of 
November, 1897, was solemnized the marriage of Mr. Keelin to 
Miss Alice M. Schoeneck, and they have three children, Mabel M., 
John W., and Thomas W., Jr. Like many another, who has attained 
to prominence and distinction in the business world, Mr. Keelin 
made his start from humble beginnings. His first independent 
business venture was made, in a limited way, in 1892. Under his 
careful and skillful management, conducted with scrupulous regard 
ior the principles of integrity and fair dealings, the business rapidly 
expanded until today, the house of Keelin is numbered among the 
leaders in the hay and grain trade in Chicago. Mr. Keelin is presi- 
dent of T. W. Keelin & Company, the business being incorporated 
under that title, July 1, 1916. He is also president of Keelin Brothers 
& Company, another corporate concern, dealing in hay and grain. 
He is president of the Prairie State MiUing Company, organized 
April 1, 1915, of which he was the prime mover. He is president of 
the West End Storage Warehouse Company, and treasurer of the 
Cragin Products Company, whose well equipped plant is located at 
Cragin, near Chicago, and in which he is a large stockholder. Mr. 
Keelin takes an active and lively interest in the affairs of the Board 
of Trade and in 1911 was chosen as a delegate to the National Hay 
Association. He possesses in marked degree a capacity for achieve- 
ment and his success has come as the direct result of his energy and 
eflfort. 

Kennard G. Keen. — The Board of Trade of the City of Chicago 
claims as one of its non-resident members Kennard G. Keen, who 
is junior member of the substantial banking and brokerage firm 



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OF THE CITY OF CHICAGO 177 

of Klemm & Keen, with office headquarters at 1326 Walnut 
street Philadelphia, Pennsylvania. The senior member of this 
vigorous and successful firm is Walter F. Klemm, and the ef- 
fective partnership was formed in 1914, the firm having member- 
ship not only on the Chicago Board of Trade, but also the New 
York Stock Exchange and the Philadelphia Stock Exchange. Ken- 
nard G. Keen was born in Philadelphia on the 11th of July, 1879, 
and through his own ability and endeavors has gained prestige 
as one of the prominent business men of the younger generation 
in his native city. He is a son of Kennard and Mary (Linn) 
Keen, and his father was for many years one of the prominent 
manufacturers and citizens of Philadelphia, where his death oc- 
curred in 1897. He whose name begins this review was grad- 
uated from one of the leading private schools of Philadelphia as a 
member of the class of 1897, and soon afterward he commenced 
his practical business experience, his advancement since that time 
having been continuous. In 1904 he engaged in the stock and bond 
brokerage business, and with this line of enterprise he has since 
continued to be identified, the present firm of Klemm & Keen, es- 
tablished in 1914, having developed a substantial banking and 
brokerage business which includes large operations in the grain 
commission trade. The firm retains in connection with the various 
•departments of its business a corps of about twenty employes. Mr. 
Keen is insistently appreciative of and loyal to his native city and 
takes deep interest in all things pertaining to its welfare, though he 
has had no ambition for public office or political activity. He gives 
his support to the cause of the Republican party, and he and his 
-wife are members of the First Presbyterian church of Philadelphia. 
Mr. Keen was married to Miss Mabel Sethgow, who likewise was 
born and reared in Philadelphia and who is a daughter of George 
Sethgow. The two children of this union are Kennard G., Jr., and 
■Gordon L. 

Albert J. Kemper. — The Kemper Brothers Company represents 
a substantial and valued element in the hay, grain and feed business 
in Chicago and its long maintained reputation for fair and honorable 
dealings and marked progressiveness have made it a factor of in- 
fluence and prominence in connection with the functions and opera- 
tions of the Board of Trade, though the honored founders of the 
husiness have now passed from the stage of life's mortal endeavors, 
he whose name initiates this paragraph being a son of the senior 
member of the original firm of Kemper Brothers and in his character 
and service having duly added to the prestige of the family name. 
Albert J. Kemper was born in Chicago on the 8th of October, 1876, 
and is a son of Henry J. and Anna (Stilling) Kemper. He gained 
his earlier educational discipline in the parochial school of St. 
Michael's church, in Chicago, and then entered St. Mary's College 
at Dayton, Ohio, in which institution he was graduated as a mem- 



178 HISTORY OF THE BOARD OF TRADE 

ber of the class of 1894. In the same year he became associated with 
the well established hay, grain and feed business conducted by 
William and Henry J. Kemper, under the firm name of Kemper 
Brothers, and his entire business career has been one of close and 
effective alliance with the enterprise that thus gained his youthful 
attention more than a score of years ago. His honored father, Henry 
J. Kemper, retired from active business in January, 1899, and the 
substantial business which he had long aided in maintaining at a 
high standard was then incorporated under the present title of the 
Kemper Brothers Company. Albert J. Kemper at this time became 
secretary and treasurer of the new corporation, and of this dual 
ofifice he has since continued the vigorous and efficient incumbent. 
The Kemper Brothers Company controls an extensive and im- 
portant wholesale and retail business in the handling of grain, hay 
and feed, and its well equipped headquarters are at 1563-1565 North 
Halsted street. William Kemper became a member of the Board 
of Trade on the 4th of March, 1884, and that he continued to main- 
tain deep interest in the organization is shown by his having re- 
tained membership until the time of his death, which occurred 
March 18, 1914. His brother Henry J., who was associated with 
him in the founding and conducting of the business now carried for- 
ward by the Kemper Brothers Company, was summoned to eternal 
rest on the 10th of April, 1908. Albert J. Kemper, the immediate 
subject of this review, has been a member of the Board of Trade 
since May 7, 1914, and his field of incidental activities has been ex- 
clusively in the cash buying of grain. Mr. Kemper naturally takes 
abiding interest in all things pertaining to the civic and material 
welfare and progress of his native city and takes pride in his active 
connection with its commercial and social affairs. He is affiliated 
with the Knights of Columbus and both he and his wife are com- 
municants of the Catholic church, in the faith of which they were 
reared. On the 15th of June, 1904, was solemnized the marriage of 
Mr. Kemper to Miss Rosalie C. Blumenthal, of Chicago, and they 
have a winsome little daughter, Rosemarie. 

Adolph Kempner. — The vigorous and progressive president of 
the Adolph Kempner Company, grain dealers and commission 
merchants, has to his credit and distinction an admirable record 
in his chosen sphere of business activity and also as a loyal and 
representative member of the Board of Trade, with which he has 
been thus identified since 1890 and in which the year 1915 placed 
him in effective service as a member of its directorate for three years. 

In 1915 he became also a member of each of the following 
named standing committees of the Board of Trade : Rules, Mem- 
bership, Warehouse, Violation of Rules, Weighing and Custodian, 
Flaxseed Inspection, and other inspections. In 1916 he was as- 
signed to membership on the following committees : Finance, Rules, 
Membership, Violation of Rules, Arbitration, Committee on Grass 



OF THE CITY OF CHICAGO 179 

and Field Seeds, Flaxseed Inspection, and Insolvencies. Mr. Kemp- 
ner was born in the town of Schrimm, about twenty miles distant 
from the city of Posen, Prussia, and the date of his nativity was 
October 27, 1869. He is a son of Isaac and Bertha (Dienstag) 
Kempner and was about thirteen years of age at the time of the 
family immigration to America, the home being established in 
Indiana. Mr. Kempner continued his studies in the public schools 
of the Hoosier state until he had completed the curriculum of the 
high school in the city of Elkhart, where he was graduated as a 
member of the class of 1885. In the same year he came to Chicago 
and entered the employ of W. G. Press & Company, prominent 
brokers on the Board of Trade. He became a member of the Board 
of Trade in 1890, as previously noted, and he continued his associa- 
tion with the lirm mentioned until 1899. In the spring of that year 
he organized the commission firm of Adolph Kempner & Company 
and from modest inception of independent activities in the com- 
mission trade he has advanced to the control of a large and substan- 
tial business of representative order. His business was continued 
under the original firm title until 1911, when it was incorporated 
under the present name, the Adolph Kempner Company. Mr. 
Kempner is thoroughly loyal to the great city in which he has found 
opportunity for the achieving of large and worthy success, and he is 
essentially progressive and liberal as a citizen. He is affiliated with 
the Order of B'Nai B'Rith, holds membership in the Indiana So- 
ciety of Chicago, and is a member of the Standard Club. In 1916 
he served as president of the Grain Dealers' Association and as a 
member of the Executive Committee of the Board of Trade Mutual 
Benefit Association. On the 12th of June, 1899, was solemnized the 
marriage of Mr. Kempner to Miss Bertha Hasterlik, of Chicago, 
and they have two sons, Jean and Ralph. 

Dennis J. Kennedy. — As a lad of fourteen years Mr. Kennedy 
began his novitiate in connection with the grain commission busi- 
ness represented on the Board of Trade of his native city, and of 
this great commercial body he has been an active and popular mem- 
ber since January, 1896. His ability and progressiveness have been 
demonstrated by his advancement to secure vantage-place as one 
of the active and resourceful traders of the Board of Trade, and as 
representative of various important grain firms he has been specially 
active in the oat pit, as has he also in his independent activities 
as a skilled trader. Mr. Kennedy was born in Chicago on the 10th 
of October, 1871, and is a son of Dennis and Mary Kennedy. He 
received his early education in public schools, and, as before noted, 
initiated his association with practical business when he was but 
fourteen years of age. At that juncture in his career he entered 
the employ of the Board of Trade firm of Wm. P. Harvey & Co. 
in 1885, and in this and subsequent connections he made the best 
possible use of the opportunities afforded him, with the result that 



180 HISTORY OF THE BOARD OF TRADE 

he has gained prestige as one of the successful and discriminating 
traders of the greatest commercial body of its kind in the world — 
the Board of Trade of the City of Chicago. Mr. Kennedy was iden- 
tified with the First Infantry Regiment of the Illinois National 
Guard for a period of three years. In the time-honored Masonic 
fraternity he is serving, in 1916-17, as treasurer of Morgan Park 
Lodge, No. 999, Ancient Free & Accepted Masons. Is also a 
Knight Templar and Shriner. He is a member of a number of 
leading social and civic organizations, including the Beverly Coun- 
try Club, the South Shore Country Club, the Chicago Yacht Club 
and the Chicago Automobile Club. Loyal and progressive as a 
citizen, he has given specially effective service as a member of the 
Board of Commissions of Calumet Park, and he served two terms, 
or ten years, as President of the Board. He and his wife are active 
communicants of the Protestant Episcopal church. On the 30th 
of August, 1894, was solemnized the marriage of Mr. Kennedy to 
Miss Minnie E. Hall, who likewise was born and reared in Chicago, 
and they have three children : Irving Hall, George Raymond and 
WilHam D. 

Robert P. Kettles. — In preparing a review of the lives of men 
whose careers have been of signal usefulness and honor to the 
country, no name is more worthy of mention in the history of the 
Chicago Board of Trade than that of the late Robert P. Kettles, 
chief grain inspector of the Board, and for many years a prominent 
business man of this city. Although many months have passed 
since he was called to his final rest, he lives in the memory of his 
friends as the highest type of a loyal citizen and an honorable, con- 
scientious man. His rise to distinction was the result of his own 
efforts, and his record demonstrates what a man can do if he has 
pluck and perseverance. He not only achieved notable success in 
business, but in his home, in social and in public life, he was kind 
and courteous, and no citizen of Chicago was more respected or 
enjoyed the confidence of the people or more richly deserved the 
regard in which he was held. Mr. Kettles was born in Scotland, 
February 22, 1859, a son of Francis D. and Margaret (Philip) Ket- 
tles. He came of a family conspicuous for strong intellect, indom- 
itable courage and energy, and he fully exemplified the magnani- 
mous character for which the Scotch race have always been noted. 
His scholastic attainments were those afforded by the public schools 
of his native country, in which he acquired a substantial education 
and won advancement on his own merits. Early developing an 
aptitude for business, he learned the milling trade, and followed 
that vocation there until coming to the United States in 1887. It 
was in March of that year that he started to carve out a career for 
and by himself in Chicago, and thenceforward his life and enter- 
prises were blended with the growth of this city. Upon his arrival 
here Mr. Kettles immediately became identified with the city's 




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OF THE CITY OF CHICAGO 181 

business interests, and for many years was one of its active and 
most prominent men. Obtaining employment as a sampler for the 
Board of Trade, he worked in that capacity for two years and then 
returned to the milling business, operating at Piano, Illinois. After 
two years as a miller he returned to sample grain in Chicago, and 
the firm of Kettles & Ware, organized at that time, was recog- 
nized throughout the country for its reliable grading and depend- 
able service. In 1904 the Chicago Board of Trade organized its 
own Department of Grain Sampling and Seed Inspection, with a 
view to securing greater uniformity in the inspection of grain. 
The excellent record of Mr. Kettles, and his long experience in 
grain sampling, obtained for him the position of chief of that 
department, to which he was appointed in that year, and in which 
capacity he served until the time of his demise. During the many 
years of service on the Board his knowledge of grain and inspec- 
tions commanded the respect and support of every cash grain firm 
in the trade. He was a strict disciplinarian, believing that the 
grain trade required the closest possible attention in its minutest 
detail, and as a judge of grain he was a recognized authority both 
in this country and abroad. A certificate issued by him was con- 
strued as the best evidence of the quality of the grain described 
by him, and was taken by bankers and money advancers without 
the slightest hesitancy. On the Board, as in other walks of life, he 
reached a broad field of activity and usefulness. His labors were 
not only an element in promoting his own success, but consti- 
tuted a potent factor in the development of business. His influence 
was all the more efficacious from the fact that it was moral rather 
than political, and was exercised for the public good as well as for 
personal ends. Mr. Kettles was married March 11, 1896, to Miss 
Rachel Spence, a daughter of Andrew and Jane Milne (Philip) 
Spence, of Dundee, Scotland, and a woman of much beauty of 
character. The family home for many years, has been at 7108 
Normal Boulevard. It has always been a hospitable one, where 
good cheer abounded, and where the family's numerous friends 
are ever welcome. Although he had many warm friends and was 
prominent in social circles, Mr. Kettles was devoted to the pleas- 
ures of home life, and his happiest moments were always spent at 
his own fireside. He found pleasure in promoting the welfare of 
his wife and friends, and his humane sympathy and charities 
brought men to him in the ties of strong friendship. He was a 
Mason of high standing and a member of the St. Andrew Society 
and the Englewood Scottish Club. In his political affiliations he 
was a Republican, but took no part in politics aside from casting 
the weight of his influence in support of men and measures work- 
ing for the public good. His religious faith was that of a Presby- 
terian, and he was active in all good work of that organization. 
Although unostentatious in manner, Mr. Kettles was recognized 



182 HISTORY OF THE BOARD OF TRADE 

as a man of earnest purpose and progressive principles. He always 
stood for the things that were right, and for the advancement of 
citizenship, and was unfaltering in his opposition to a course which 
he deemed inimical to the best interests of the country and people. 
In business life he was alert, sagacious and reliable; as a citizen 
he was honorable, prompt and true to every engagement, and his 
death, which occurred June 28, 1916, removed from Chicago one 
of its most valued citizens. In the light of later years the record 
of his early ability is most interesting and significant, for never 
was a man's success due more to his own native ability and less 
to outward circumstances. Nothing came to him by chance. He 
reaped only where he sowed, and the harvest with its valued after- 
math came to him alone through energy, industry and persever- 
ance. He reached his high position through no favors of influen- 
tial friends, but worked his way up from the bottom rung of the 
business ladder by sheer pluck and marked ability, and his achieve- 
ments were the merited reward of earnest, honest efforts. The 
originality and profound grasp of his intellect command respect, 
and yet these were not all of the man. In every relation of life 
were shown the light that comes from justness, generosity, truth, 
high sense of honor, proper respect for self and a sensitive thought- 
fulness for others. What a magnificent legacy such a man leaves 
to the generations who shall come after him. 

James KidstorL — The late James Kidston was one of those 
strong and loyal men whose identification with the Board of Trade 
of his native city lent its quota of distinction and honor to that 
important commercial body, and his character and services were 
such as to give him commanding place in the confidence and good 
will of all who knew him, so that there is special consistency in 
paying to his memory a definite tribute in this publication. He 
was the e.xecutive head and founder of the representative commis- 
sion firm of James Kidston & Co., and his two sons, who were his 
able coadjutors after their admission to partnership, still continue 
the business under the original firm name, which perpetuates the 
memory of their honored father, who passed from the stage of life's 
mortal endeavors on the 30th of January, 1916. Mr. Kidston main- 
tained his home in the beautiful suburban town of LaGrange, and 
was one of its best known and distinctively influential citizens. 
James Kidston was born in Chicago on the 28th of February, 1853, 
and was a son of Alexander and Ann (Stewart) Kidston, in con- 
nection with whose names can not be denied pioneer honors as 
touching the great metropolis, which was but a small city when 
they here established their home. He to whom this memoir is 
dedicated gained his early education in the public schools of Chi- 
cago and from his youth until the close of his long and useful life 
he was closely associated with the commission grain trade, of which 
he became a prominent and influential exponent in his native city. 





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OF THE CITY OF CHICAGO 183 

He initiated his business career by assuming a position in the 
employ of the old-time commission firm of J. H. Hurlbut & Co., 
with which he continued his association from 1875 to 1883. In the 
latter year he became a member of the firm of Kidston & Cayzer, 
and this alliance continued three years, after which he conducted 
an individual commission business during a period of eight years. 
In the meanwhile his elder son had been given excellent training 
in connection with the business and was admitted to partnership, 
the younger son being likewise given an active interest in the 
enterprise somewhat later. The two sons, William H. and Ross H., 
assumed full control of the business upon the death of their father 
and are effectively upholding the honors and prestige of the name 
which they bear, both being active and popular members of the 
Board of Trade, of which their father became a member nearly 
two score of years ago. Mr. Kidston never manifested any ambi- 
tion to enter the arena of practical politics, but was loyal to all 
civic duties and responsibilities and gave his allegiance to the 
Republican party. In his home town of LaGrange he held mem- 
bership in the Suburban Club and the LaGrance Country Club. 
The centennial year, 1876, recorded the marriage of Mr. Kidston to 
Miss Frances J. Henry, who, with the two sons, survive him. 

Frank I. King. — One of the oldest, largest and most important 
concerns in the grain and clover-seed trade in the state of Ohio is 
that of C. A. King & Company of Toledo. Its head is Frank I. King, 
a member of the Board of Trade of the city of Chicago. The firm 
of C. A. King & Company dates its inception from the year 1846 
and the history of which has been one of consecutive advancement 
and amplification, a record of fair and honorable dealings and pro- 
gressive policies. Frank I. King was born in Paterson, New Jersey, 
on the 25th of May, 1860, and is one of the seven children born to 
Frederic H. and Katherine (Pierce) King. He was six months of 
age at the time of the family removal to Toledo, Ohio. In 1866 his 
father died. Frank I. King continued his educational application 
until he had attained to the age of seventeen years, when, in 1877, 
he became associated with the successful grain business conducted 
by his uncle in Toledo. He has never faltered in his allegiance to 
this fundamental industrial and commercial line of enterprise and 
through his vigorous and aggressive association with the same has 
advanced to secure status as one of its most prominent and influen- 
tial representatives in the state of Ohio. Mr. King has retained 
active membership on the Chicago Board of Trade since 1900, has 
been most appreciative of the functions and commercial advantages 
of the same and is well and favorably known to its leading resident 
members. He is also one of the active and influential members of 
the Toledo Produce Exchange. The fine initiative and executive 
ability of Mr. King has been shown not only in connection with his 
extensive business activities but also in his attitude as a liberal and 



184 HISTORY OF THE BOARD OF TRADE 

loyal citizen who takes lively interest in all things pertaining to the 
well being of the community, with the result that he is consistently 
to be designated as one of the representative citizens and captains 
of industry in the city that has been his home since his childhood. 
In 1882 was solemnized the marriage of Mr. King to Miss Jennie E. 
Collins of Toledo, and she passed to the life eternal in July, 1914, 
being survived by four children, namely : Mrs. Thomas P. Day, Mrs. 
Geo. Wallace, Frederic C. King and Mrs. Walter M. Braun. The 
son Fred C. is associated actively with the business of the firm of 
C. A. King & Company and is one of the able and popular young 
business men of his native city. So genial and diverting is the text 
of a "scenario" of the life of Mr. King as prepared by himself that it 
is a privilege to perpetuate the same in this connection : "Once a 
newsboy; now a lobster. That tells the story of our senior editor. 
He says so. He is always candid. Moving pictures generally em- 
bellish, add a few scenes and prolong the agony. Shall we? Frank 
I. King is city-broke and world-wise. Like an Indian he trails near 
home. Mother Queen and the little King and Queens have been 
globe trotters. They have been from Egypt to Hawaii and from 
Maine to Mexico. All work and no play makes our Senior a dull 
boy. He was six years old when his father died. After that it was 
dress like Adam and Eve or hustle. He played messenger for C. A. 
King & Company during vacations. When nine years of age he 
carried Petroleum V. Nasby's evening paper. It took four hours 
and five miles to make the trip. When twelve, he carried the Morn- 
ing Commercial and this service continued nearly three years. He 
attended the public schools and afterward worked in the office of 
C. A. King & Co. He was graduated in 1877 and thereafter worked 
all day for C. A. King & Co., with which concern he has been ever 
since. When he was twenty-one years old R. Hallaran oiTered 
him a third interest in the firm, with a guaranty of five thousand 
dollars the first year. Refused. Uncle Charles gave him an 
eighth interest, and his share of the losses aggregated six thousand 
dollars the first year. Valuable lesson. Has never had losing year 
since, but we have had several narrow escapes. Been liberally 
rewarded. Have oatmeal daily and pie on Sunday. Next reel will 
reveal the public life of our senior. If you have tears, prepare to 
shed them now. Like Teddy, our senior had the Presidential itch. 
Teddy wanted to be President of the United States. Our senior 
was content with minor honors. He started as President of his 
class at school, was re-elected, but the teachers vetoed a third term, 
as the people did with Teddy. Broke into the City Council when 
twenty-four. Became President; was re-elected four times in suc- 
cession. Then deserted politics for business. Was messenger boy 
for Teddy when he was elected the first time. They call them 
Presidential Electors. Been twice selected trustee of the city sink- 
ing fund. Have spurned all other political suggestions. Since 



OF THE CITY OF CHICAGO 185 

1888 have bet successfully on every National election and on some 
State elections. Been President of the Toledo Produce Exchange 
three times, but never again. Been President of the Chamber of 
Commerce. Helped several secure a business start and saved sev- 
eral from going on the rocks, after all others had deserted them. 
Started and collected many charitable funds. Somebody secured 
one hundred and twenty thousand dollars for the Newsboys Build- 
ing in Toledo. Somebody started and secured a guaranty for five 
years to pay part of the going expenses of the institution. Some- 
body invested a small fortune in tickets for first-class shows to 
please business girls, widows, newsboys and others and to popu- 
larize the Newsboys' Auditorium Theater. Theater has always 
been his chief recreation. Was stage-struck when fourteen, but 
that would make another reel. Had church record in early days. 
Some call us generous, but a fool and his money are soon parted. 
Will never be a millionaire, imaginary, real or prospective. Believe 
in enjoying life as we pass along. Expect to salute his Satanic 
Majesty in 1933." 

Ralph W. King. — Through initiative and executive ability and 
well applied energy Ralph Warren King has achieved distinctive 
success in the grain commission trade in Chicago and is at the head 
of the R. W. King Company, with offices at the corner of Root and 
LaSalle streets. Mr. King had been a successful and popular sales- 
man in the wholesale house of Marshall Field & Co. prior to enter- 
ing upon his activities as a commission merchant, and with this 
great Chicago concern he gained valuable experience. His mem- 
bership on the Board of Trade dates from the year 1898 and in his 
private business and active association with the Board he has been 
appreciative of and closely observed the best ideals and policies of 
this important commercial organization of the western metropolis. 
Mr. King was born in the attractive little city of Three Rivers, 
St. Joseph County, Michigan, and the date of his nativity was Octo- 
ber 6, 1871. He is a son of Jasper and Helen Louise (Greene) King, 
and he was a child at the time of the family removal to Berrien 
County, Michigan, where he continued his studies in the public 
schools until he had completed a partial course in the high school. 
After coming to Chicago he entered the West Division High 
School, and in the same he finished the prescribed curriculum 
prior to entering the service of the great wholesale house of Mar- 
shall Field & Co., with which he continued his association until he 
engaged in his present line of business, in 1892. His success in 
the commission trade has been of unequivocal order and has 
been worthily won, so that he has secured place in the confidence 
of his confreres on the Board of Trade as well as in the general 
business circles of the city. Mr. King is found aligned as a loyal 
advocate of the principles of the Republican party, and in the 
Masonic fraternity he has received the chivalric degrees of the 



186 HISTORY OF THE BOARD OF TRADE 

York Rite as well as the thirty-second degree of the Ancient and 
Accepted Scottish Rite and the distinction involved in crossing 
the sands of the desert and gaining fellowship with the Ancient 
Arabic Order of the Nobles of the Mystic Shrine. He is affiliated 
also with the Benevolent & Protective Order of Elks and holds 
membership in the Illinois Athletic Club and other representative 
civic organizations of Chicago, both he and his wife being members 
of the Washington Park Congregational Church, and their home 
being at 5113 Michigan Avenue. On the 1st of June, 1897, was 
solemnized the marriage of Mr. King to Miss Nelora Sarah Borden, 
of Chicago, and they have four children — Jasper Seymour, Nelora 
Helen, Ralph Warren, Jr., and Winifred. 

James M. Kirby. — The application of energy and ability have 
brought to Mr. Kirby success and prominence as one of the repre- 
sentative exponents of the grain commission business in northern 
Illinois, and he is known as one of the most progressive and alert 
young men identified with the important line of enterprise in 
DeKalb County, Illinois. He maintains his residence in the village 
of Shabbona, where he has an office, and he also has an office at 
Sycamore, the judicial center of the county. He makes a spe- 
cialty of the cash grain trade, has from his offices a direct private 
wire telegraphic service and facilitates his operations through his 
status as a correspondent of the prominent Chicago Board of Trade 
firm of Harris, Winthrop & Co. Mr. Kirby was born on the home- 
stead farm of his father, near Malta, DeKalb County, Illinois, May 
26, 1884, and is a son of Martin J. and Helen (Mitchell) Kirby. He 
early began to assist in the work of the home farm and in the mean- 
while he made good use of the advantages of the public schools, 
including the Malta High School. As a youth he learned 
telegraphy, and he was thereafter employed as a telegraph oper- 
ator until 1902, when he became associated with the grain com- 
mission business of W. H. Laidley. He severed this alliance two 
years later and became manager and telegraph operator in the com- 
mission office of E. L. Harty. Later he was similarly engaged with 
the firm of Hardy & Fitch, and after engaging independently in the 
grain business he became, in 1914, a member of the firm of Day & 
Kirby, with which he continued his association until he established 
his present individual brokerage business, in April, 1915, his mem- 
bership in the Chicago Board of Trade having been recorded in 
the following month. The privileges of the great commercial 
organization have been of great value to him in developing his 
substantial commission business. Mr. Kirby gives his allegiance to 
the Republican party, he and his wife hold membership in the Shab- 
bona Congregational church, and he is affiliated with the Masonic 
fraternity, his ancient-craft membership being in Shabbona Lodge, 
No. 374, Ancient Free & Accepted Masons, besides which he be- 
longs to DeKalb Chapter, No. 52, Royal Arch Masons, and the 



OF THE CITY OF CHICAGO 187 

Mystic Shrine in the city of Rockford. Mr. Kirby was married to 
Miss Libbie Browne, a daughter of E. H. Browne, of DeKalb 
County, and the one child of this union is a daughter — Marjorie L. 

Paul Kuhn. — Paul Kuhn, the executive head of the firm of Paul 
Kuhn & Co., leading grain dealers in the city of Terre Haute, In- 
diana, is one of the prominent and valued non-resident members of 
the Board of Trade of the City of Chicago and is most consistently 
given specific recognition in this publication. Mr. Kuhn was born 
in Illinois, on the 8th of June, 1864, and is a son of John F. and 
Elizabeth (Davis) Kuhn, the father, whose death occurred in 1907, 
having been for thirty years a well-known and extensive buyer 
and shipper of grain and having established a high reputation for 
himself in this field of business. In connection with this same 
important line of commercial enterprise the subject of this review 
is well upholding the honors and prestige of the family name. Paul 
Kuhn is indebted to the public schools of Illinois for his early 
educational discipline and as a youth he became closely associated 
with the large grain business conducted by his father and Samuel C. 
and William H. Bartlett, so that it was possible for him to fortify 
himself in all details of the business and prepare himself for inde- 
pendent and far-reaching operations. He is today known as one 
of the most extensive grain dealers that can be claimed by either 
Indiana or Illinois, and in connection with his large commission 
business at Terre Haute he operates a chain of forty-five well- 
equipped grain elevators, in Indiana and Illinois. He has retained 
membership on the Chicago Board of Trade since November 16, 
1904, and has maintained his residence and business headquarters 
at Terre Haute, Indiana, since 1905. The scope and importance 
of his operations are measurably indicated by the fact that prac- 
tically he has in his employ a corps of more than one hundred per- 
sons. His entire business career has been one of close alliance with 
the grain business and he may consistently be termed one of the 
leading exponents of this great industry in the middle west, with 
a reputation that in itself is a most valuable asset. As a liberal 
and progressive citizen he is aligned as a loyal supporter of the 
cause of the Republican party and he and his family are communi- 
cants of the Protestant Episcopal church. In the year 1896 was 
solemnized the marriage of Mr. Kuhn to Miss Emma Gaston, 
daughter of James R. Gaston, of Terre Haute, Indiana. 

William H. Lake. — Among the grain dealers of the United 
States and Canada William Henry Lake is perhaps one of the best 
and most widely known members of the Board of Trade of Chicago. 
Not only is he a member of the Chicago institution, but he holds 
membership in the New York Produce Exchange, the St. Louis 
Merchants' Exchange, the Winnipeg Grain Exchange and the 
Minneapolis Chamber of Commerce. He is strictly a Chicago 
product, having been born in this city, September 23, 1861, the son 



188 HISTORY OF THE BOARD OF TRADE 

of Marcus and Julia Lake. He was educated in the public schools, 
but he was eager for active employment, and when a lad of thirteen 
he entered the employ of the great firm of Field & Leiter, an insti- 
tution which gave business education to so many of Chicago's 
successful men. His first connection with the grain business was 
in the service of Dwight & Gillett, in 1876, with whom he remained 
five years and then became associated with Bartlett, Frazier & Co., 
with which firm he was connected from 1S81 until 1889. Becoming 
a member of the Board of Trade, October 29, 1886, he thus ranks 
as one of the older members. The year 1901 found him as the 
senior member of the firm of Lake & Leask, Arthur Leask being 
the junior member. This firm successfully conducted business in 
grain and stock brokerage, and upon the retirement of Mr. Leask 
Mr. Lake continued the business as W. H. Lake & Co. On July 
1, 1911, Mr. Lake formed a connection with the well-known broker- 
age firm of A. O. Slaughter & Co., and in 1916 he became a partner 
in this concern, which easily ranks as one of the strongest institu- 
tions operating on the Board of Trade and the New York Stock 
Exchange. Mr. Lake has never sought or accepted ofifice in the 
Board of Trade, but his pleasing personality, his liberal and pro- 
gressive views, and his high code of commercial honor have made 
him one of the most popular members of the organization. In 
many other ways, he has proven himself a good citizen. He served 
in the Sixth Battalion of the Illinois National Guard, holds mem- 
bership in the Fourth Presbyterian Church of this city, and is a life 
member of the Chicago Athletic Club. September 8, 1885, Mr. 
Lake wedded Miss Ida Church, and to them one daughter, Violet 
Church Lake, was born. His second marriage occurred August 
18, 1896, when Miss Mary Grace Wirt became his wife, and they 
have two children — William Wirt and Mary June. Mr. Lake is 
one of those members of the Board of Trade who add strength to 
the institution by their probity and ability, and who have helped 
to make it the foremost institution of its kind in the world. 

Lorenzo J. Lamson. — Measured by its beneficence, its rectitude, 
its productiveness, its unconscious altruism and its material suc- 
cess, the life of the late Lorenzo J. Lamson counted for much, and 
in this history of the Board of Trade of the City of Chicago, an 
organization that was dignified and honored by his long and active 
membership and fortifying influence, it is most consonant that 
there be paid a tribute to his memory. To be regretted is it that 
the prescribed limitations of the publication must needs curtail the 
detailed expansiveness of the memoir. There is, however, a pecu- 
liar consistency in giving place to the following extracts from an 
article that appeared in the Price Current-Grain Reporter at the 
time of the death of Mr. Lamson: "The philosophy of life is not 
a finality, but one of the most beautiful thoughts is in knowing 
that one's influence and memory never die. How important, then, 




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OF THE CITY OF CHICAGO 189 

that the influence should be for the better. Such was the life of 
Lorenzo J. Lamson. Many men will come and go in the greatest 
grain exchange in the world before another like him becomes a 
part of its busy life. Across the evening of the lives of many men 
there will come an inspiration and a hope because he lived, and the 
silent sadness with which many received the message that he had 
passed on is a most eloquent tribute to the respect in which he was 
held by his associates. * * * He was continually doing good 
deeds, but he was quiet about it, and if you sought to 
praise him he listened with diffidence. He was always will- 
ing to be of service to his fellow men, but he never 
wanted any credit for his charity. * * * L. J. Lamson 
was never in the limelight, but hundreds have been cheered 
by him and many lives have been bettered because he 
lived." It may be said with special emphasis that the character of 
Mr. Lamson was distinct and represented the positive expression 
of a true, loyal and noble nature. Even as he played a quiet but 
large part in the affairs of the Board of Trade and in the business 
world, even so was he a benignant factor in the community life, 
and that in an equally unassuming way. Few men of such marked 
business resourcefulness and energy have trailed in their train so 
fully the true beatitudes of life. He was genuine in all things and 
was of that metal that rings clear and true amid all the changes 
and chances of this mortal life. May not this specific record of 
the Board of Trade then wisely pause to do honor to his memory? 
Lorenzo J. Lamson was born near Big Rock, Kane County, Illinois, 
October 1, 1840, and, after a few days of illness from pneumonia, 
he died at his home, 3720 Grand Boulevard, Chicago, on Friday 
morning, February 5, 1915. He was a son of Samuel W. and Sarah 
A. (Voris) Lamson, who came from the State of New York to Illi- 
nois in the late '30s, and thus his childhood and youth were com- 
passed by the conditions and influences marking the pioneer era in 
Illinois history. He profited characteristically by the advantages 
afforded in the common schools of the locality and period and his 
was an individuality that was not to be curbed in general growth 
nor in a positive and determined stewardship. Mr. Lamson's 
earliest experiences were in connection with the elemental industry 
of agriculture, and he was a young man of about thirty years when 
he came to Chicago, in 1871, and found it soon incumbent upon him 
to aid in rebuilding the business and civic structure of the city 
after the historic fire that swept Chicago in that year. He formed 
in 1874 the grain commission firm of Lamson Brothers & Co. and 
together with his elder brother, S. Warren Lamson, of whom 
individual mention is made on other pages of this work, built up 
one of the staunchest and most successful enterprises in this line 
to be found in Chicago, the business being still continued under the 
original firm name which they adopted. The two continued to be 



190 HISTORY OF THE BOARD OF TRADE 

closely allied in their various and ever-expanding business enter- 
prises for many years. Mr. Lamson became a member of the Board 
of Trade in 1874 and he continued his active connection with the 
body until his death, his only son, Warren A. Lamson, being now 
the executive head of Lamson Brothers & Co., one of the most 
influential concerns represented on the Board of Trade at the 
present time, as in the past. Mr. Lamson was at all times intensely 
interested in things touching the social and material welfare of 
the community, and this interest was shown in liberality and good 
works, though his characteristic reserve precluded any desire for 
political preferment or activity. He was one of the most earnest 
and valued factors in the work of Abraham Lincoln Center, the 
social settlement of All Souls' church, and there can be no measure 
of inconsistency in here entering a few quotations from the address 
delivered at his funeral by Rev. Jenkin Lloyd Jones, the revered 
head of the institution mentioned: "I dare not indulge in per- 
sonal reminiscences. I have lost not a parishioner but a comrade, 
an associate, a fellow student. * * * Our life together reaches 
back through nearly three decades of mortal time, three decades 
in Chicago, with all its haste and its intensity. The graces of gen- 
tleness, open-minded and abiding in things intellectual and spiritual, 
manifest to all who knew him, came not unsolicited. They were 
no easy gifts of Providence, the result of fine combinations of tem- 
perament alone, though these were there. I know the road over 
which he traveled. * * * This man for years habitually left a 
hurried business to stop on the way home, first to seek, then to 
enjoy, the communion of the poets and philosophers in our co- 
operative studies. * * * I have seen this man who under ordi- 
nary circumstances would have closed the avenues of intellectual 
growth and would have said, 'It is for me to utilize what I have,' 
break through the bars of circumstances, and he climbed still 
higher, cultivated still more the mind and the eye of vision. Other 
men have been as benevolent with the things of life as L. J. Lam- 
son was ; we give him the full meed of praise and heartfelt appre- 
ciation for his generosity on these lines, but, added to and above 
this, here is a man who knew the joys of poetry, the ennobling 
power of beauty, the high places where souls commune with the 
silent, deathless powers of thought and love as revealed in the 
words of poet and philosopher." Mr. Lamson was married to Miss 
Ida C. Fay, who survives him, as do also their two children — Warren 
A. and Josephine, the latter being the wife of Leslie F. Gates. In 
conclusion are taken the opening lines from a beautiful memorial 
tribute paid to Mr. Lamson by Althea A. Ogden : 

"His greatest joy in life was doing good — 
But not with ostentation or with loud acclaim ; 
Kind acts known only to the grateful helped. 
The helper, and to God." 



OF THE CITY OF CHICAGO 191 

S. Warren Lamson. — For the long period of thirty years Mr. 
Lamson was a prominent and influential figure in the commission 
trade in grain and provisions, as a member of the firm of Lamson 
Brothers & Co., under which title the extensive enterprise is still 
continued, with a department devoted to the handling of stocks 
and bonds. With the business of this old and influential firm Mr. 
Lamson continued his active identification until May 1, 1906, since 
which time he has lived virtually retired. He is now venerable in 
years and can look in gracious and appreciative retrospect over the 
salient points of a career of signal honor and usefulness and one 
that was not denied its generous fruition in temporal rewards. Mr. 
Lamson still continues to take a lively interest in the business and 
civic affairs of the city that has long represented his home and to 
which he pays a tribute of hearty loyalty. The years rest lightly 
upon him and he is by no means inactive, but gives his close super- 
vision to his various capitalistic interests. In addition to serving as 
a Director of the Mercantile Credit Company and of the Illinois 
Brick Company, he is Vice-President of the Mount Hope Ceme- 
tery Association, and this corporation receives not a little of his 
fostering attention. He is one of the honored and influential citizens 
of Chicago, but his civic pride and loyalty have never been of demon- 
strative order and he has never courted the glare of publicity in 
the course of a signally sane, distinct and productive career. Mr. 
Lamson was born in the picturesque little city of Nyack, Rockland 
County, New York, on the banks of the Hudson River, and the 
date of his nativity was August 31, 1838. He was an infant when 
his parents, Samuel W. and Sarah A. (Voris) Lamson came to the 
West and numbered themselves among the early settlers of DeKalb 
County, Illinois, where he was reared to maturity under the con- 
ditions and influences of a pioneer farm and where his early educa- 
tional advantages were those afforded in the common schools of 
the period. After initiating his independent career he continued to 
be actively identified with agricultural pursuits in this State until 
1868, when, shortly after his marriage, he removed to Iowa and 
established his residence in Marshall County, where he became 
prominently concerned with the development and upbuilding of a 
successful nursery farm and business. In 1875 Mr. Lamson came 
to Chicago and established himself in the commission trade in grain 
and provisions, in which he became associated with his brother, 
Lorenzo J-, under the firm name of Lamson Brothers & Co., and 
through his long and active connection with which he laid the 
foundation for his stable and very substantial financial prosperity. 
He became a member of the Board of Trade in the year 1875 and 
retained his membership until 1909, with secure status as one of the 
honored and influential members of the great commercial organ- 
ization in the upbuilding of which he aided and to the upholding 
of whose fine code of commercial ethics he contributed to the full 



192 HISTORY OF THE BOARD OF TRADE 

extent of his influence. Mr. Lamson has never had aught of desire 
to enter the turbulence of practical politics, but has given his well- 
defined allegiance to the Republican party and has taken public- 
spirited interest in all things pertaining to the civic and material 
welfare of his home city. Virtually the only public office in which 
he has consented to serve was that of member of the Board of 
Education of Oakland, before that section of Chicago had become 
an integral part of the city, and he held for a number of years the 
office of President of this Board. He and his wife hold membership 
in All Souls' church, over which the distinguished pastor. Rev. 
Jenkin Lloyd Jones, has long been in charge, and he had the dis- 
tinction of being one of the organizers of this now large and influen- 
tial church, of whose Board of Directors he has served as President. 
He holds membership in the Chicago Athletic Club, the City Club 
and the South Shore Country Club. In DeKalb County, Ilinois, 
the year 1868 gave record of the marriage of Mr. Lamson to Miss 
Martha Huston. They had three daughters : Nellie, who is the 
wife of Harry H. Lobdell ; Myrna, deceased, who was the widow of 
Pierre K. Tyng, and Ruth, who is the wife of Count Giovanni Car- 
delli. 

Joseph F. Lamy. — As the active head of the firm of J. F. Lamy 
& Co., with offices at 208 South LaSalle Street, Joseph Francis 
Lamy is a successful representative of the grain commission busi- 
ness in Chicago and has proved effectively his versatility and re- 
sourcefulness in connection with the operations of the Board of 
Trade, of which he became a member on the 8th of May, 1907, 
and of the historic ideals and the broad functions of which he is 
loyally appreciative. Prior to coming to Chicago he had gained 
effective experience in the commission business, through his mem- 
bership in the Merchants' Exchange in his native city of St. Louis, 
Missouri, where he was born on the 6th of October, 1875. He is a 
young man of distinctive energy, and his well-ordered ambition has 
led him into a line of business enterprise in which his success has 
proved of unequivocal order. He is popular as a member of the 
Board of Trade and as a progressive citizen, and in his adopted city 
he holds membership in the Chicago Athletic Association, one of 
the representative civic organizations of the great metropolis of the 
West. 

Langenberg Brothers. — Among the specially prominent and 
influential grain commission firms represented on the Board of 
Trade of the City of Chicago is that of Langenberg Brothers 
Grain Company, of St. Louis, and the corporation that conducts 
business under this title is known as one of the important receivers 
and shippers concerns in the grain receiving and shipping trade 
of the West, as well as one of the foremost and most honored 
factors in the operations of the St. Louis Chamber of Commerce. 
It is pleasing that the province of this publication is such as to make 



OF THE CITY OF CHICAGO 193 

possible and consistent the according of specific recogfnition to this 
representative concern. The inception of the business now con- 
trolled by the Langenberg Brothers Grain Company in the city of 
St. Louis dates back to the year 1877, and its virtual founder was 
the late Henry F. Langenberg, the honored father of the present 
President of the corporation. Henry F. Langenberg was born in 
Hermann, Gasconade County, Missouri, on the 18th of August, 1846, 
and his death occurred on the 18th of December, 1915, at his home 
in St. Louis. During the long period of his residence in the metrop- 
olis of his native State Mr. Langenberg was one of the most hon- 
ored and influential members of the St. Louis Merchants' Exchange, 
and he gained reputation as one of the most successful exponents of 
the grain trade in the Middle West. As a young man he served his 
novitiate in the grain business by establishing his residence at 
Springfield, Missouri, where he entered into a partnership with 
James H. Doling. In 1877 he moved to the city of St. Louis, 
where he engaged actively in the grain and hay commission busi- 
ness, as the manager of the St. Louis office of the firm of Doling & 
Langenberg. Mr. Doling retired from the firm in 1882, but prior 
to this, in 1879, George F. Langenberg and William J. Haynes 
had become members of the firm, the title of which was then 
changed to Langenberg Brothers & Co. In 1890 Mr. Haynes sev- 
ered his connection and in 1907 the same action was taken by 
George L. Langenberg, the two being now associated in the con- 
ducting of a prosperous industrial enterprise in St. Louis — that of 
manufacturing steel furnaces. In 1900 Harry H. Langenberg, son 
of Henry F. Langenberg, came into the office as clerk, and since 
1905 the old established business has been successfully carried 
forward by Harry H. and Carl H. Langenberg, sons of the late 
Henry F. Langenberg, the founder of the enterprise. In August, 
1915, shortly before the death of the honored father, the two sons, 
in consonance with his advice, effected an incorporation of the 
business, under the title of Langenberg Brothers Grain Co. The 
father, then in greatly impaired health, was made President of the 
new corporation, the two sons becoming Vice-Presidents, and a 
nephew, F. W. Langenberg, assuming the office of Secretary and 
Treasurer. Through the active, conscientious, untiring energy of 
Mr. Langenberg the business of Langenberg Brothers Grain Co. 
had developed to large proportions. They were doing a large 
European and Cuban Export business in wheat, corn and oats, and 
had offices in New Orleans and Oklahoma City. They were also 
actively engaged in the flour mill industry, the mill being located on 
the Frisco Railroad at Republic, Missouri, and having a capacity of 
one thousand bushels. After the death of the father, Harry H. 
Langenberg was elected President of the Company, Carl H. Lang- 
enberg and D. S. Mullaly were made Vice-Presidents, and F. W. 
Langenberg was continued in the dual office of Secretary and Treas- 



194 HISTORY OF THE BOARD OF TRADE 

urer, this being the personnel of the executive corps of the company 
at the time of this writing, and the business controlled being of 
broad scope and importance in the receiving and exporting of grain 
and hay. Henry F. Langenberg achieved success and prestige 
through his own ability and efforts and guided his course upon the 
highest plane of integrity and honor, so that he ever commanded 
the confidence and good will of his fellow men. His broad sympa- 
thies were shown in manifold but unostentatious acts of charity 
and benevolence, and in all of the relations of life he manifested 
a sublime sense of personal stewardship. He was an active and 
liberal member of the Second Presbyterian church of St. Louis and 
was essentially a loyal and public-spirited citizen. He was for 
many years a Director of the Mechanics' American National Bank 
of St. Louis. No member of the St. Louis Merchants' Exchange 
was more influential or more popular. He served as a member of 
the Directorate of this commercial organization for four years and 
was its President in 1897 and 1898. At the time of his death a 
resolution of regret and sorrow was passed on the floor of the 
Merchants' Exchange and St. Louis recognized the loss of a most 
honored and valued citizen and a representative business man. 
Mr. Henry F. Langenberg was married to Miss Martha Letitia 
Haynes, at Lee's Summit, Missouri, in 1871. Mrs. Langenberg 
was born in South Carolina and is a sister of her husband's former 
business associate, William J. Haynes. She still remains at the 
beautiful home that is endeared to her by the gracious memories 
and associations of the past. Harry H. Langenberg, President of 
the Langenberg Brothers Grain Company, was born in St. Louis, on 
the 2d of October, 1879. He entered Princeton University, in 
which institution he was graduated as a member of the class of 
1900 and with the degree of Bachelor of Arts. In August of the 
same year he entered the offices of his father's firm, and he has 
applied himself assiduously and effectively, has gained thorough 
experience in all departments of the business and has proved him- 
self well fortified for the discharge of his executive duties in the 
office of President of one of the most important grain concerns of 
St. Louis and the Middle West. He has been a member of the 
Board of Trade of the City of Chicago since 1910, and is a worthy 
successor of his father as a member of the St. Louis Merchants' 
Exchange. He is a Director of the Mechanics' American National 
Bank of St. Louis, and is actively identified with representative 
civic and social organizations in his native city, including the 
Young Men's Christian Association, the Provident Association, 
the Anti-Tuberculosis Association, the St. Louis Country Club, 
the Noonday, the Racquet and the Missouri Athletic Clubs. On 
the 21st of April, 1908, was solemnized the marriage of Harry H. 
Langenberg to Miss Alice Morton, daughter of I. W. Morton, 
one of the prominent and influential capitalists and bankers of St. 



OF THE CITY OF CHICAGO 195 

Louis, where he formerly served as President of the Union Trust 
Company. Mr. and Mrs. Langenberg have two children — Henry F., 
who was born May 20, 1909, and Oliver Morton, who was born 
May 16, 1912. 

David S. Lasier. — The representative and popular member of 
the Board of Trade whose name introduces this paragraph has 
been closely and effectively identified with the operations and 
aiTairs of this great commercial organization for more than thirty 
years and has gained secure vantage ground as one of the suc- 
cessful and influential figures in the grain trade that is centered in 
the metropolis of the West . He was a member of a similar organ- 
ization in Detroit, Michigan, for about seven years. Mr. Lasier 
was born and reared at Freeport, Illinois, where his early educa- 
tional advantages were those offered in the public schools, and he 
has maintained his residence in Chicago since 1869. Here he forth- 
with identified himself with the commission grain business, and by 
his ability, energy and good judgment he has achieved distinctive 
success as a representative of this important line of commercial 
enterprise. Within the long period of his active operations as a 
grain trader on the Board of Trade Mr. Lasier has been associated 
with various firms, and in 1890 he became senior member of the 
firm of Lasier & Hooper, with which he continued his connection 
until 1906, when he sold his interest and retired from the firm. 
Thereafter he continued business in an individual and independent 
way until 1910, when he formed a partnership with James Crighton, 
under the firm name of Crighton & Lasier. This alliance continued 
until 1914, since which time he has again conducted independent 
operations. He has been a member of the Board of Trade since 
1885 and at all times has shown a vital and loyal interest in its 
affairs. He has been influential in the direction of its government 
and functions and served from 1911 to 1914 as a member of its 
Directorate. He has long been affiliated with the time-honored 
Masonic fraternity, and he holds membership in the Union League 
Club and the Illinois Athletic Club. The marriage of Mr. Lasier 
was solemnized in the year 1894 and his four children are: Ruth, 
Marion, David R. and John W. 

Edward F. Leland. — The junior member of the well-known 
grain commission firm of Ware & Leland has been a resident of 
Chicago since his early childhood, and has long been an enterpris- 
ing and influential representative of the commision grain trade, 
under various partnership alliances. His membership on the Chi- 
cago Board of Trade dates from the year 1884 and he has lived up 
to the full tension of its strenuous activities, has won high reputa- 
tion as a trader of circumspection and judgment and has command- 
ing place in the confidence and good will of his fellow members 
on the greatest commercial body of its kind in the world. Mr. 
Leland is a scion of staunch New England stock and claims the city 



196 HISTORY OF THE BOARD OF TRADE 

of Boston, Massachusetts, as the place of his nativity, his birth 
having- occurred there on the 16th of May, 1862. He w^as thus 
about four years of age vi^hen, in 1866, his parents, G. A. and Anne 
(Fairfield) Leland, established the family home in Chicago. Here he 
was reared to adult age and here he duly availed himself of the 
advantages of the public schools. His initial business experience 
was gained when he entered the employ of A. T. Stewart & Co., 
a leading concern in the dry goods trade at that time. Later he 
was employed in turn with Libby, McNeill & Libby; Parker, Martin 
& Co. : W. W. Catlin & Co., and finally with M. C. Lightner & Co., 
in which concern he retained a partnership interest until 1892, 
when he became associated with J. L. Ward in the formation of 
the commission firm of Ward & Leland. This alliance was dis- 
solved in 1896, and thereafter Mr. Leland conducted an individual 
commission business until the 1st of January, 1898, when he formed 
the present partnership with John Herbert Ware, under the firm 
title of Ware & Leland, individual mention of the senior member of 
the firm being made on other pages of this work. Mr. Leland has 
been a vigorous and popular representative of the Board of Trade 
and takes pride in his membership and the associations which it 
involves. He is a thorough Chicagoan, alert, loyal and progressive 
as a citizen as well as a business man, and in his home city he holds 
membership in the Chicago Club and the Chicago Athletic Club. 
Charles E. Lewis. — He whose name begins this paragraph is 
consistently to be designated as one of the influential figures in the 
grain commission and stock brokerage business in the West, and in 
his extensive operations he is President of the corporation of 
Charles E. Lewis & Co., of Minneapolis, Minnesota, which has the 
distinction of being the only company northwest of Chicago that 
is listed on the membership rolls of all the New York stock ex- 
changes and all of the grain exchanges, including the Board of 
Trade of the City of Chicago. He has proved himself a man of 
splendid initiative and executive ability, as attested in his building 
up of the extensive and substantial commission and brokerage busi- 
ness of Charles E. Lewis & Co., and he is known and honored as 
one of the leading men of afifairs of the Minnesota metropolis, as 
well as a liberal and public-spirited citizen. The Minneapolis 
offices of his company are in the Chamber of Commerce building, 
with an uptown office in the Oneida block, Marquette Avenue and 
Fourth Street. In addition to his prominent status in the impor- 
tant line of enterprise noted, Mr. Lewis is President of the State 
Bank of Lewis, Wisconsin, a town that was named in his honor 
and to the civic and material development and upbuilding of which 
he has contributed in most generous measure. Of his liberality in 
this connection evidence is given in the following quotation: "In 
the town of Lewis, Wisconsin, which bears his name, Mr. Lewis 
has, on his own initiative, built a church which for architectural 



OF THE CITY OF CHICAGO 197 

design and beauty can not be excelled outside of the larger cities." 
Charles E. Lewis was born at Edgerton, Williams County, Ohio, 
on the 11th of November, 1858, and is a son of William S. and Eliza 
(Wanamaker) Lewis. He acquired his early education in the 
public schools of the Buckeye State, and in his youth he learned 
telegraphy in a railroad station near his home. To achieve this 
end he applied himself diligently in the evenings while he was a 
mere boy, and he was but twelve years of age when he was given a 
place as a telegraph operator on the line of the Lake Shore & 
Michigan Southern Railroad. Ability and ambition brought to him 
consecutive advancement, and eventually he was given a position 
in the general passenger department of the Minneapolis & St. Louis 
Railroad, with headquarters in Minneapolis. Later he operated the 
private wire of the Minneapolis Tribune, and from 1885 to 1888 
he was associated with the grain commission and general brokerage 
business of Pressey Wheeler, of Minneapolis. In the latter year he 
engaged in the same line of business in an independent way, and 
he is now to be considered one of the veteran representatives of 
the grain commission and stock brokerage business in Minneapolis, 
the original firm name of Charles E. Lewis & Co. having been 
retained when the business was incorporated. In addition to being 
represented on all of the leading grain exchanges of the United 
States, the New York Stock Exchange and the New York Cotton 
Exchange, Mr. Lewis is an influential and valued member of the 
Minneapolis Chamber of Commerce and the Minneapolis Civic and 
Commerce Association. In his home city he holds membership in 
the Minneapolis, the Minikahda, the Lafayette, the Athletic and the 
University Clubs, besides which he is similarly identified with the 
Minnesota Club of St. Paul, the Kitchi Gammi Club of Duluth, the 
Manitoba Club of Winnipeg, the Chicago Athletic Association, and 
the Bankers' Club of New York City. He is appreciative of the 
experience which he gained in the initial stages of his practical 
service as one of the world's workers and signified the same by his 
membership in the Old Time Telegraphers' Association, which 
claims as members also such distinguished men as Andrew Carnegie 
and others of great prominence in the affairs of the Nation. In 
politics Mr. Lewis is found arrayed as an advocate of the principles 
of the Republican party, and while he is non-sectarian in his reli- 
gious views he gives appreciative and loyal support to church work 
in general, while his erection of the beautiful church edifice previ- 
ously mentioned testifies to his zeal in the cause of Christianity. 
Of the normal and interesting diversions of Mr. Lewis the follow- 
ing statements have been written concerning his activities as an en- 
thusiast in trout fishing and propagation and in the breeding of 
fine Holstein cattle : "He has a trout preserve which is second 
to none in this country, and a herd of Holstein cattle which, while 
not the largest, is one of the finest in the United States, and which 



198 HISTORY OF THE BOARD OF TRADE 

includes some blue ribbon winners." In 1884 Mr. Lewis wedded 
Miss Mary E. Norris, of Hannibal, Missour.i. It may further be 
stated that the other principals of the corporation of Charles E. 
Lewis & Co. are John E. Fritsche and T. W. Lewis. Branch 
offices are maintained in the cities of St. Paul and Duluth, and the 
list of important commercial organizations with which the concern 
is identified is here designated : New York Stock Exchange, New 
York Cotton Exchange, New York Produce Exchange, Boston 
Chamber of Commerce, Baltimore Chamber of Commerce, Chicago 
Board of Trade, Chicago Stock Exchange, Minneapolis Chamber 
of Commerce, Minneapolis Stock Exchange, St. Louis Merchants' 
Exchange, Milwaukee Chamber of Commerce, Duluth Board of 
Trade, Winnipeg Grain Exchange, and Winnipeg Stock Exchange. 
Charles, Jr., and Christian Lichtenberger. — In preparing a re- 
view of the lives of prominent men in connection with the history 
of the Board of Trade of the City of Chicago, none are more worthy 
of mention than those of Charles, Jr., and Christian Lichtenberger, 
who for many years were members of the organization, and for more 
than half a century were prominently identified with the business 
and social life of the city. To the biographer the potency of a 
good man's life is very real. As he reviews the records of those 
who once played their part in the history of their time, he cannot 
help being impressed by the influence exerted by the deeds of men 
who never sought publicity, but were ever ready to do their part 
in the world's work for civilization and progress. Both Charles, Jr., 
and Christian Lichtenberger were active in the affairs of Chicago, 
and were men of the highest type of character. Charles Lichten- 
berger, Jr., was born in this city, April 8, 1853. His parents, 
Charles and Fannie Lichtenberger, were pioneers of Chicago, hav- 
ing come here from Germany when young and afterward made this 
city their home until death, the father being a cabinet-maker by 
trade. Mr. Lichtenberger obtained a substantial education in the 
public schools here, having pursued his studies in both day and 
night schools, and also at the Young Men's Christian Association. 
He was self-educated and self-made, and his career was one of 
which his family have reason to be proud, for never was a man's 
success due more to his own native ability and less to outward 
circumstances. Early developing an aptitude for business, and 
like many ambitious young men of Chicago in those days, he began 
to carve out a career for himself at the early age of sixteen. His 
first employment was that of messenger boy at $3.00 per week for 
the firm of Howard, White & Crowell, publishers of a Board of 
Trade paper. He afterward became a member of the firm and 
was identified with the business until the time of his demise, the 
firm later becoming Howard, Bartels & Co., publishers of the Daily 
Trade Bulletin of the Board of Trade of the City of Chicago. 
Although members of the organization for many years, neither Mr. 



OF THE CITY OF CHICAGO 199 

Lichtenberger nor his firm were dealers on the Board, preferring 
to confine their energies to the interests of their patrons through 
the medium of their paper. In former years, however, Mr. Lichten- 
berger was active in politics on the West Side, and was President 
of the West Park Board under Governor Richard Yates. He was 
always deeply interested in Chicago's welfare, and at all times his 
sympathy and support were with the measures that in any way 
benefited the city. No man of his day was more deeply interested 
in its material, intellectual and moral progress, and his death, which 
occurred November 15, 1916, removed from the city one of its most 
valued citizens. During his administration as West Park Com- 
missioner he designed, and was instrumental in erecting, the beau- 
tiful Independence Fountain in Independence Square, and was 
always alert to any movement that would benefit the general public. 
Mr. Lichtenberger was twice married, first to Annie Hickie, of 
Chicago, who bore him two children, Lottie and Edward, the former 
now deceased and the latter a resident of this city. This wife died 
in 1902, and in 1904 he wedded Mrs. Anna (Osner) Lichtenberger, 
widow of his uncle, the late Christian Lichtenberger, of the firm of 
Lichtenberger & Rang (now Henry Rang & Co.), grain commis- 
sion merchants, and members of the Board of Trade of the City of 
Chicago. Charles Lichtenberger, Jr., was a member of the old Illi- 
nois Club for many years, and was prominent both in social and 
fraternal circles. He was a Mason of high standing, and was the 
oldest living Past Master of Hesperia Lodge, No. 411, being 
twice elected Master of that organization. He was a life member 
of Chicago Commandery, life member of Oriental Consistory, life 
member of York Chapter, a member of the Shrine, and Past Patron 
of Golden Rod Chapter, O. E. S. He was a man of great mental 
capacity and much beauty of character, and was loved by all who 
knew him. Although he had many warm friends and was promi- 
nent in social circles, he was devoted to the pleasures of home life, 
and his happiest moments were always spent at his own fireside. 
He found pleasure in promoting the welfare of his family, and was a 
loving husband and an indulgent father. Mrs. Lichtenberger is 
also prominent in Masonry, having been a member of the Eastern 
Star for many years, and like her husband, is active in all good 
work of that organization. She was born in Philadelphia, Pennsyl- 
vania, August 17, 1856, a daughter of Ferdinand and Sophia (Blank) 
Osner, and has been a resident of Chicago since 1875, the year of 
her marriage to Christian Lichtenberger. Her father was born in 
Germany, October 12, 1825, and removed to the United States in 
1846. He settled in Philadelphia, Pennsylvania, where he engaged 
in the leather import business and became one of the substantial and 
valued citizens of that city. In 1880, however, he removed to Chi- 
cago, where he afterward made his home with his children until 
death claimed him in 1909, his remains being returned to Philadel- 



200 HISTORY OF THE BOARD OF TRADE 

phia, and was there interred with high Masonic honors. Mrs. Lich- 
tenberger still maintains the old family homestead, at what is now 
1316 North Dearborn Street, where she has resided for thirty-eight 
years, the house being erected by her first husband in 1879. It 
has always been a hospitable one, where good cheer abounded, 
and where the family's numerous friends are ever welcome. Chris- 
tian Lichtenberger was born in Ottweiler, Germany, December 12, 
1836. He came to Chicago with his parents, George and Eleonore 
(Haas) Lichtenberger, when thirteen years of age, and, although 
only a boy, he showed great business ability, and his services were 
sought by many of the best firms of the city. While still in his 
minority he became associated with Henry Rang, his brother-in- 
law, in the firm of Lichtenberger & Rang, grain commission mer- 
chants, and thenceforward his time and energies were devoted to 
the building up of the enterprise with which he was so prominently 
identified, and in which he continued until the time of his death, 
August 24, 1888. During his identification with the business in- 
terests of Chicago, he reached a broad field of activity and useful- 
ness, and his labors were not only an element in promoting his 
own success, but constituted a potent factor in the development of 
the city. Coming to Chicago and entering business life when a boy, 
he grew up in this city during the period of its most marvelous 
development, and through pluck, perseverance and honorable deal- 
ing, he became one of its substantial and most worthy citizens. By 
his marriage with Miss Anna Osner he became the father of one 
son and three daughters. The son, whose name was Henry, died 
in infancy. The daughters are Irma, wife of Carl G. Boldenweck, 
of Portland, Oregon ; Elsie, wife of August Mehlhorn, of Seattle, 
Washington, and Eleonore, wife of Gustave Pfisterer, of Lahr, 
Baden, Germany. 

William R. Linn. — A well known citizen and substantial cap- 
italist who has been significantly alive to and appreciative of the 
facilities and functions of the Board of Trade is William Robert 
Linn, whose entire active career as a man of business has had Chi- 
cago as its stage, for he was a youth of about seventeen years at 
the time when the family home was established in this city in 1867, 
and early became associated with the firm of Linn & Reed, which 
became one of marked prominence and influence in the commission 
trade in grain and provisions and of which his honored father was 
the senior member. Mr. Linn has long been one of the best known 
and most resourceful operators on the Board of Trade, of which he 
has been a member since June, 1872, and he has given judiciously 
and liberally of his financial and executive co-operation in the 
furtherance of measures and enterprises that have proved potent in 
advancing the civic and material welfare of Chicago. As previously 
intimated, it was in the year 1867 that William R. Linn entered the 
employ of the firm of Linn & Reed, representative commission mer- 



OF THE CITY OF CHICAGO 201 

chants of that period in the history of the Board of Trade of the 
city of Chicago, and this association was continued by him until 
1872. Continuously since June, 1872, has he conducted an independ- 
ent and individual commission business in grain and provisions, and 
his operations have long been of large volume and marked relative 
importance, the while he has stood forth as one of the specially 
vigorous, discriminating and influential traders of the Board of 
Trade, to the ethics and traditions of which he has fully lived up 
and to the upholding of whose dignity and priority he has con- 
tributed in generous measure. In addition to his general commis- 
sion business, Mr. Linn was engaged also in the operation of grain 
elevators during the decade between 1887 and 1897, and to this busi- 
ness likewise he gave the definite impetus of his vital initiative and 
executive ability. His capitalistic interests in Chicago are of broad 
and varied order, and not the least important of these is represented 
in his connection with the South Side Rapid Transit Company, 
which controls and operates the elevated railway system of the 
South Side section of the city. Of this important and influential 
corporation he is not only a director but he is also giving character- 
istically effective service as a member of its executive board. He 
has never entered the arena of so-called practical politics, but is 
emphatically loyal and public-spirited in his civic attitude and gives 
his allegiance in a generic way to the Republican party. He holds 
membership in the following named and representative Chicago 
social organizations : The Chicago Club, the Union League Club, 
the South Shore Country Club, and the Chicago Golf Club. He 
likewise holds membership in the Lake Geneva Country Club at 
the lake of that name in Wisconsin. Adverting to the earlier data 
concerning the career of William Robert Linn, it is to be recorded 
that he was born in Butler county, Ohio, on the 25th of March, 
1850, and that he is a son of Matthew G. and Mary E. (Young) Linn, 
who removed to the city of Terre Haute, Indiana, when he was a 
child and who passed the closing years of their lives in Chicago, 
where the father gained and long retained precedence as a commis- 
sion merchant and as a valued and honored member of the Board 
of Trade. William R. Linn gained his early education principally 
in the public schools of Terre Haute, Indiana, and was about seven- 
teen years of age at the time of the family removal to Chicago, as has 
been previously noted in this context. On the 14th of March, 1881, 
was solemnized the marriage of Mr. Linn to Miss Nellie B. Butler, of 
Chicago, and they have four children — Mabel, Howard, Dwight 
and Dorothy C. 

John H. Lloyd. — In June. 1915, Mr. Lloyd became a member 
of the Board of Trade of the city of Chicago, and in the develop- 
ment of his substantial grain business in the city of Springfield, 
Illinois, he has profited greatly through his recourse to the facilities 
and functions of the splendid commercial body with which he has 



202 HISTORY OF THE BOARD OF TRADE 

thus identified himself in the metropohs of the west. He is the 
executive head of the firm of John H. Lloyd & Co., one of the leaders 
in the grain trade in the capital city, where he has been actively con- 
cerned with this important line of industrial and commercial enter- 
prise since 1885, his unassailable reputation as a man of business 
having proved one of his most valuable commercial assets. Mr. 
Lloyd was born on a farm near the village of Virden, Macoupin 
county, Illinois, December 16, 1863, and is a son of Thomas and 
Arabella (Ball) Lloyd, both of whom were born and reared in 
Wales, whence they came to America in the year 1855. They 
established their home on a farm near Virden, Illinois, and there 
the father continued his vigorous activities as an agriculturist until 
his tragic death in 1866, he having been killed by lightning. The 
subject of this review was about three years old at the time of his 
father's untimely death and was reared to the sturdy discipline of 
the old homestead farm, the while he made good use of the advan- 
tages afforded in the public schools. After his graduation in the 
Virden High School he put his scholastic attainments to practical 
test by entering the pedagogic profession as a teacher in the schools 
of his native county. After three years of effective service as a 
teacher he established himself in the grain business at Springfield 
in 1885, and during the long intervening years he has here continued 
his active association with this important line of enterprise, of which 
he has become one of the most successful and influential exponents 
in the capital city of his native state. His political allegiance is 
given to the Republican party and he and his wife are members of 
the Presbyterian church. In 1889 Mr. Lloyd married Miss Mary B. 
Loud, a daughter of Woodbury Loud, of Virden, Illinois, and of 
the children of this union five are living, namely : (Celia) Mrs. W. R. 
Campbell, of Springfield ; (Eugenie) Mrs. Kenneth Landis, of Chi- 
cago ; Agnes, Eloise, and Margaret. 

Frank G. Logan. — Of broad intellectual grasp and high civic 
ideals, Frank Granger Logan has long held a place of prominence 
and influence in connection with the business and social activities 
of Chicago, and here developed an extensive and far-reaching busi- 
ness in the grain commission trade of which he continued a leading 
exponent until his retirement from active association therewith. Mr. 
Logan became a member of the Board of Trade of the city of Chi- 
cago in the year 1877 and continued to hold his seat thereon until 
1901, since which time he has lived virtually retired from active 
business, though he still gives close supervision to his large and 
important interests while also contributing liberally of both time 
and means towards the promotion of the problems of pubic better- 
ment. Frank G. Logan was born on a farm in Cayuga county. New 
York, and the date of his nativity was October 7, 1851. He is a 
son of Simeon Ford Logan and Phebe (Hazen) Logan, both of 
whom were representative descendants of sterling old families that 



OF THE CITY OF CHICAGO 203 

were founded in America in the colonial period of our national 
history. Like many another who from humble surroundings has 
attained to conspicuous influence and priority in the broad domain 
of commercial activity, Mr. Logan found the period of his child- 
hood and youth compassed by the benignant influences of rural 
environments and his success in later years as an exponent of the 
grain trade exemplified, in part at least, the knowledge gained 
through his early association with the great basic industry under 
the discipline of which he was reared. In the old Empire state he 
was afforded the advantages of the public schools, supplementing 
this by a course at a well ordered academy in the city of Ithaca, 
the seat of Cornell University. In 1870, when nineteen years of age, 
and prompted by ambition to seek broader fields of activity than 
were afforded by his local environments, Mr. Logan cast in his lot 
with the growing west by establishing himself in Chicago, which 
city he saw devastated the following year by one of the greatest 
urban fires in the history of the world. Here he assumed a clerk- 
ship in the dry goods establishment of Field, Leiter & Co., the 
predecessors of the present great commercial house of Marshall 
Field & Co. Later he gained valuable and practical experience as 
an employe of a leading commission firm represented on the Board 
of Trade and in 1877 he engaged in the grain commission business 
in an independent way. He effected the organization of the firm 
of F. G. Logan & Co., the business of which was rapidly developed 
until, largely through the initiative and executive policies together 
with the honorable and steadfast methods of its founder, it became 
one of the largest and most successful of all similar enterprises con- 
nected with the activities of the Chicago Board of Trade, in which 
great commercial body he was a vigorous and influential member 
during the period of its recrudescence after the memorable fire of 
1871 and through the progressive stages of development to its 
present status as the greatest institution of its kind in the entire 
world. It is interesting to record in this connection that two of 
Mr. Logan's sons, Stuart and Howard H., are admirably upholding 
in the grain trade and on the Chicago Board of Trade the high 
prestige of the family name. As constituent members of the firm of 
Logan & Bryan they are concerned in the control of the great vol- 
ume of business, requiring branch offices at many points through- 
out both the east and the west, with office headquarters in New 
York city at 113 Broadway, headed by Benjamin B. Bryan, senior 
member of the firm and Mr. Logan's early partner and associate. 
Logan & Bryan now enjoy priority not only in the grain commis- 
sion trade but also in the handling of stocks of the more important 
order, while its principals hold memberships on the Chicago and 
New York Stock Exchanges as well as membership on the Chicago 
Board of Trade. Mr. Logan has not restricted his attention to busi- 
ness affairs alone but has been a close student and discriminating 



204 HISTORY OF THE BOARD OF TRADE 

collector along archaeological and historical lines and has been 
especially liberal in his support of those agencies which represent 
the higher ideals and privileges in civic life. His fine and compre- 
hensive collection of archaeological specimens, exhibited in the 
anthropological department of the World's Columbian Exposition, 
held in Chicago in 1893, was later presented by him to Beloit Col- 
lege, of which institution, for twenty years, he has been a trustee 
and the museum of which bears his name. In the Illinois Historical 
Society is displayed his especially interesting and invaluable col- 
lection of relics pertaining to the lives of Abraham Lincoln and 
John Brown. He is an active and valued member of this society 
and has been one of those primarily active in the upbuilding and 
direction of one of Chicago's greatest and noblest institutions, the 
Art Institute, which he has served as vice-president since 1906 and 
to the furtherance of whose development, in all departments, he has 
contributed liberally and judiciously. He was one of the founders 
of the Friends of American Art and served the organization as a 
vice-president ; he served also as one of the Commission for the 
Encouragement of Local Art, established and endowed in the city 
of Chicago. In his private gallery are to be found many valuable 
specimens of both ancient and modern art, including one of the 
really great collections of the masterpieces of the Barbazon and 
Dutch schools in this country. Mr. Logan has also taken deep and 
active interest in political and legislative affairs and among the 
services he has given in behalf of the public welfare should here be 
mentioned his labor contributed as director and chairman of the 
executive committee of the National Soil Conservation League, 
which was largely instrumental in placing upon the statute books 
of the nation the Smith-Lever agricultural act, regarded by many 
as the greatest constructive act of legislation passed in a genera- 
tion. He also served in the same capacities in the successful work 
of having passed by congress the non-partisan tarifif commission act, 
for the stabilizing of the general business of the country. He is 
now actively enlisted in a propaganda for the enactment by con- 
gress of an act providing for universal military training. In 1882, 
he married Josephine I. Hancock, daughter of the late Colonel John 
L. Hancock, who was a war-time president of the Board of Trade 
and of whom extended notice is given elsewhere in this work. The 
five children born to this union are : Rhea, Stuart, Howard H., 
Spencer, and Waldo. Mr. Logan maintains membership in the 
Union League, City, Onwentsia, Old Elm. Clil? Dwellers, and the 
South Shore Country Clubs and the family home is at 1150 Lake 
Shore Drive. 

Thomas P. Loney. — In June, 1910, the Chicago Board of Trade 
gained as one of its members from the city of Baltimore, Maryland, 
the well-known grain broker, whose name begins this paragraph 
and who conducts an independent and successful commission trade 



OF THE CITY OF CHICAGO 205 

in his native city, with offices in the Chamber of Commerce building. 
He has been essentially the architect of his own fortunes and has 
made for himself a secure and most reputable place as one of the 
able business men of Baltimore, where he is an active and influ- 
ential member of the Chamber of Commerce. Thomas Poindexter 
Loney was born in Baltimore on the 24th of July, 1856, and is a son 
of Thomas D. Loney, who was long numbered among the promi- 
nent business men of that city, where he became a successful grain 
commission merchant and where he was a charter member of the 
Corn and Flour Exchange, his death having occurred August 15, 
1889. Thomas P. Loney attended the public schools of his native 
city until he was fourteen years of age, and at the age of sixteen 
years he there became an employe in a drygoods and grocery estab- 
lishment. With this business he continued his association about a 
decade and he then, in 1879, turned his attention to the grain busi- 
ness, in which he has achieved large and worthy success, with inci- 
dental standing as one of the influential grain brokers in his native 
city. Fair and honorable methods and policies have characterized 
all of his operations and have gained and retained to him a strong 
clientele. He is a loyal and progressive citizen, is a Republican in 
his political allegiance, but he has had no ambition to enter the arena 
of practical politics or to become an aspirant for public office of 
any kind. Mr. Loney married Miss Grace Richardson, of Baltimore, 
and they have three children. 

Walter A. Long. — The Long Commission Company, of which 
Walter A. Long is president, has developed a large and important 
business in the handling of grain, provisions and cotton, with special 
attention given to the cash buying of grain. The main office of 
the company is maintained in the city of Quincy, Adams county, 
Illinois, and branch offices are established at Mount Sterling, Illi- 
nois, and Keokuk, Iowa. In connection with the affairs of these 
three important offices a corps of efficient assistants is retained, 
and the vigorous and progressive president of the company guides 
its general policies and functions with circumspection and charac- 
teristic energy, virtually his entire commercial experience having 
been in connection with the grain and milling business, of which he 
has become a prominent and successful representative. He is a 
popular and appreciative member of the Board of Trade of the 
City of Chicago, with which great organization he has been thus 
identified since 1910. Though he has made a record of admirable 
achievement in the business world and is still a young man, Mr. 
Long has also to his credit and distinction nearly ten years of effi- 
cient military service, including three years as a member of the 
regular army of the United States ; one year and seven months in 
the Philippine service, in command 11th Company, Macabebe 
Scouts,, and the remainder of the time as a member of the Illinois 
National Guard. He was in the government service in the Philip- 



206 HISTORY OF THE BOARD OF TRADE 

pine Islands for a period of five years, and within this time acquired 
excellent command of the Spanish language. As a member of the 
United States Army Mr. Long won by efficient service successive 
promotions, as he advanced from the position of private to that of 
corporal, next was made sergeant and finally first sergeant of Com- 
pany A, Twenty-eighth Regiment of Infantry. While serving as 
corporal in the Philippine Islands he was assigned to special duty 
as acting post commissary sergeant, and of this position he con- 
tinued the incumbent thirteen months. As sergeant of the above 
mentioned company he finally received his honorable discharge 
from the regular army of the United States. Patriotism and valor 
marked his course during his active military career and it may well 
be understood that he is the staunch advocate of national military 
preparedness in his native land, for he realized the necessity of such 
provision, both through judgment and sentiment as well as personal 
experience of a practical order. Of Mr. Long's association with the 
Illinois National Guard it may be stated that in 1910 he was made 
second lieutenant of the Fifth Infantry Regiment, and was assigned 
to the Second Battalion as quartermaster and commissary. In 1912 
he was elected captain of Company F of this regiment, and he re- 
tained this office until 1914, when the exigencies of his business 
affairs compelled him to resign his commission. Captain Long, as he 
is familiarly and consistently known, was born at Lineville, Wayne 
county, Iowa, on the 27th of March, 1880, and is the son of Richard 
and Mary (Power) Long, his father, who was born in the state of 
Kentucky, having become one of the substantial farmers and hon- 
ored citizens of Wayne county, Iowa, where he established his home 
in the pioneer days. Captain Long was reared under the invigorat- 
ing discipline of the farm, profited fully b}' the advantages afforded 
in the public schools of the Hawkeye state and finally entered the 
University of California, in which institution he was graduated as 
a member of the class of 1898. As a youth he acquired practical 
experience in connection with the grain and milling business, even 
prior to his military career, and for a number of years he held a 
responsible executive position with the Berry Milling & Grain Com- 
pany, of Barry, 111. In his independent activities as a commission 
merchant he has achieved distinctive and worthy success and prece- 
dence, as indicated by his status as president of the Long Commis- 
sion Company, as chief executive of which he maintains his home 
at Quincy, Illinois. He has made a careful study of the commission 
business and in the year 1917 is engaged in the compilation of a 
book in which he will embody the results of his investigation and 
experience, the publication to be given the title of "Speculation: 
Its Use and Abuse." The Captain is a staunch Republican in his 
political allegiance, is affiliated with the Benevolent & Protective 
Order of Elks and the Independent Order of Odd Fellows, and he 
and his wife hold membership in the Presbyterian church. In 1911 



OF THE CITY OF CHICAGO 207 

was solemnized the marriage of Captain Long to Miss Myrtle Mas- 
ters, daughter of Charles Masters, of Kinderhook, Illinois, and the 
one child of this union is a daughter, Grace. 

Albert C. Loring. — It is specially gratifying to note that by rea- 
son of his holding active membership on the Board of Trade of the 
City of Chicago the president of the great Pillsl)ury Flour Mills 
Company, of Minneapolis, becomes eligible for specific recognition 
in this publication. As head of one of the most extensive flour- 
manufacturing corporations in the world Mr. Loring is naturally 
one of the prominent and influential citizens of the Minnesota me- 
tropolis, and he stands as a fine type of the American captain of in- 
dustry, with a splendid record of achievement and with a reputa- 
tation that denotes the strength and sterling character of the man. 
He has contributed much to the civic, industrial and commercial 
advancement of Minneapolis and the great northwest and has been 
president of the Pillsbury Flour Mills Company from the time of 
its incorporation under the present title, the great scope and im- 
portance of the business of this company being so well known that 
any description of the enterprise is not demanded in this abridged 
review. Albert Carpenter Loring was born in the city of Milwau- 
kee, Wisconsin, August 31, 1858, and thus has naturally become a 
resourceful exponent of the progressive spirit of the west. He is a 
son of Charles M. and Emily (Crossman) Loring, and his father 
was one of the honored and influential pioneer business men of the 
Wisconsin metropolis, whence he later removed to Minnesota, 
where he passed the closing years of his life. He whose name 
introduces this article profited by the advantages of the public 
schools of Milwaukee and Minneapolis, besides having attended the 
West Newton Preparatory School, at West Newton, Massachu- 
setts. He was also a student in the University of Minnesota. Min- 
neapolis has figured as the central stage of his business activities 
during practically the entire period of his significantly successful 
career. As a youth he was employed by the firm of L. Fletcher 
& Company, which was not only engaged in the general merchan- 
dise business but also in the operation of flour mills. In 1877 Mr. 
Loring became secretary and treasurer of the Minnetonka Milling 
Company, which then operated one of the largest flour mills in 
Minneapolis. Later he effected the organization of the Galaxy 
Milling Company, of which he was the original secretary and treas- 
urer and of which he eventually became president. He was the 
prime factor in the organization of the Northwestern Consolidated 
Milling Company, of which he served as president and general man- 
ager for a long term of years. Progress has marked the business 
life of Mr. Loring in the most significant sense, and his energy, cir- 
cumspection and initiative and administrative ability have given 
him definite leadership in the industrial and commercial affairs of 
the great west, where his influence has always been direct and 



208 HISTORY OF THE BOARD OF TRADE 

beneficent. He has been president of the Pillsbury Flour Mills 
Company from the time of its organization, and has directed 
the policies of the great corporation with consummate discrimina- 
tion and efifectiveness. He is president also of the North Star Malt- 
ing Company, and has other large and important capitalistic inter- 
ests, involving executive service in a number of leading financial in- 
stitutions in Minneapolis. He has been liberal and public-spirited in 
a marked degree and has done much to further the civic and mate- 
rial advancement and prosperity of his home city and the great 
state of which it is the metropolis. Mr. Loring has held member- 
ship in the Chicago Board of Trade many years, and has shown loyal 
appreciation of its functions as bearing upon the grain commerce 
of which it is the world's most important center. He is similarly 
identified with the Minneapolis Chamber of Commerce and Duluth 
Board of Trade. A man who has made a close study of govern- 
mental and economic problems, Mr. Loring has the mature judg- 
ment that makes his counsel of value in connection with affairs of 
the greatest importance to the people in general, and he is a stalwart 
and well fortified advocate of the basic principles for which the 
Republican party has ever stood sponsor. He is identified with 
representative civic and social organization in Minneapolis, includ- 
ing the Minikahda and the Lafayette Clubs. 

Robert Thomas Lunham. — In preparing a review of the lives of 
men whose careers have been of signal usefulness and honor to the 
country, no name is more worthy of mention in the history of the 
Chicago Board of Trade than that of the late Robert T. Lunham, 
for many years a prominent business man of this city. Although 
more than four years have passed since he was called to his final 
rest, he lives in the memory of his friends as the highest type of a 
loval citizen and an honorable, conscientious man. He not only 
achieved notable success in business, but his life was actuated by 
high ideals and spent in close conformity therewith. His rise to 
distinction was the result of his own efforts, and his record dem- 
onstrates what a man can do if he has pluck and perseverance. In 
his home, in social and in business life, he was ever kind and cour- 
teous, and no citizen of Chicago was more respected or enjoyed the 
confidence of the people or more richly deserved the regard in which 
he was held. Mr. Lunham was born in County Cork, Ireland, No- 
vember 8, 1856, a son of Robert and Mary (Darling) Lunham, na- 
tives of Berwickshire, Scotland. He came of old established Scotch 
families prominent in the history of Scotland for many generations, 
and he fully exemplified those sterling characteristics that have made 
the sons of Scotland and their descendants not only forces in the 
upholding of the highest standard of loyal citizenship but also in the 
control and directing of business enterprises of broad scope and 
importance. Mr. Lunham was a man of fine intellectual attainments 
and exalted integrity of character, and it was given him to leave 



OF THE CITY OF CHICAGO 209 

a definite and benignant impress in connection with important 
business activities in the city of Chicago, as well as to exemplify 
that high sense of personal responsibility and stewardship which 
tend to make for usefulness and grateful influence in all relations 
of life. He received the best educational advantages in his youth, 
including instruction under the effective preceptorship of private 
tutors in his home and a course in the famous Liverpool Institute 
and School of Arts. The fame of the future metropolis of the west, 
which seems, not unnaturally, to have extended to Europe, drew 
many ambitious young men like himself to Chicago, and he decided 
to cast in his lot with this city. It was in 1874 that he came here 
to carve out a career for and by himself, and thenceforward his 
life and enterprises were blended with the growth of the most 
wonderful product of the country's western civilization. During 
his business career, which covered nearly forty years, he reached 
a broad field of activity and usefulness, and no citizen of his day 
was more deeply interested in the material, intellectual and moral 
progress of the country. For a number of years he was closely 
identified with the pork-packing industry, in which Chicago has 
always been a world center. He also conducted an extensive busi- 
ness in the exporting of provisions, together with a substantial and 
representative commission trade in grain and provisions. Soon 
after his arrival in Chicago in 1874, Mr. Lunham became asso- 
ciated in business in the firm of Boyd, Lunham and Company, and 
continued in pork packing until 1879, when he disposed of his pack- 
ing house and engaged in the export provision trade and the com- 
mission business in grain and provisions. Until July, 1896, the 
firm rented the Jones and Stiles plant at the Union Stock Yards, but 
in that year they purchased the plant formerly owned by the W. H. 
Silberborn Company, and here Mr. Lunham's business was prac- 
tically centered until the time of his demise. Besides this connec- 
tion he was identified also with the firm of Boyd, Lunham and Com- 
pany, of which he was secretary, treasurer, director and assistant 
general manager. He became a member of the Chicago Board of 
Trade in 1892, and continued an active factor in this organization 
until his death. He was also identified with the Royal Arcanum 
and the Colonial Club, and was a zealous and liberal member and 
supporter of the Presbyterian Church. In his political affiliations 
Mr. Lunham was a stalwart Republican, but took no active part in 
politics aside from casting the weight of his influence in support 
of men and measures working for the public good. He always stood 
for the things that were right, and for the advancement of citizen- 
ship, and his progressive spirit was evident in many ways. He 
was interested in all that pertains to modern improvements along 
material, intellectual and moral lines, and in the promotion of char- 
itable movements and all matters tending to benefit the public weal 
he was an active and unostentatious worker. His labors were not 



210 HISTORY OF THE BOARD OF TRADE 

only an element in promoting his own success, but also constituted 
a potent factor in the development of the country, and his influence 
was all the more efficacious from the fact that it was moral rather 
than political, and was exercised for the public welfare as well as 
for personal ends. Mr. Lunham was married in Chicago, June 29, 
1881, to Miss Elmora Hughes, of Louisville, Kentucky, a woman 
of great mental capacity and much beauty of character, and they 
became the parents of five children ; Elmore Ainslie, Clayton Wes- 
cott, Elise Frances, Chester Hughes and Robert Thomas, Jr. The 
family home is at Everett, Illinois, and is a hospitable one in which 
Mr. Lunham delighted in entertaining his numerous friends. He 
was devoted to the pleasures of home life and his happiest moments 
were always spent at his own fireside. He found pleasure in pro- 
moting the welfare of his wife and children, and was a loving hus- 
band and indulgent father. In business life he was alert, sagacious 
and reliable; as a citizen he was honorable, prompt and true to 
every engagement, and his death, which occurred January 28, 
1913, removed from Chicago one of its most valued citizens. For 
thirty-nine years his time and energy was devoted to the building 
up of the enterprise with which he was associated and his record 
stands without a blemish. His career was one of which his family 
have reason to be proud, for never was a man's success due more 
to his own native ability and less to outward circumstances. His 
success was the logical sequence of the natural unfolding and de- 
velopment of his native powers, and his achievements were the mer- 
ited reward of earnest, honest efforts. 

Richard S. Lyon. — For nearly forty years the firm of Merrill 
& Lyon has found prominent representation in the activities of the 
Board of Trade of the City of Chicago, of which important body J. 
Charles F. Merrill, senior member of the firm, has the distinction of 
being secretary, and the junior member, whose name introduces 
this paragraph, is one of the veteran and honored members of the 
board, with which he has thus been identified since the year 1880. 
Bringing to bear in his relations with the board the same high sense 
of honor and integrity that characterizes his individual business ac- 
tivities, Mr. Lyon, like his valued coadjutor, Mr. Merrill, has long 
been influential in connection with the government and general 
policies of this great commercial body, and no member has more 
secure place in the confidence and high regard of its constituent 
membership. The Board of Trade has manifested its appreciation of 
his ability and character by conferring upon him the highest honors 
at its command. Mr. Lyon served as a member of its directorate from 
1892 to 1896, in which latter year he became its vice-president. Of 
this executive office he continued the incumbent until 1899, when he 
was elected president, the year of his administration having been 
marked by wise policies and progressive methods, and the traditions 
and ideals of the board having been admirably upheld during his 



OF THE CITY OF CHICAGO 211 

regime as chief executive. Mr. Lyon stands forth as one of the 
broad-minded and progressive men of afTairs who have aided in the 
development of the marvelous metropoHs of the west and he has al- 
ways stood exponent of fine civic ideals and of the clear and staunch 
code of business ethics. The firm of Merrill & Lyon has long con- 
trolled a large and important commission and shipping business in 
the grain trade, and its inviolable reputation constitutes its best 
commercial asset. Richard Starkweather Lyon was born in the city 
of Cleveland, Ohio, on the 18th day of October, 1843, and is a son 
of Richard T. and Ellen (Starkweather) Lyon. In his youth he re- 
ceived excellent educational advantages, as is vouchsafed by the fact 
that he was graduated in Union College, at Schenectady, New York, 
as a member of the class of 1865 and with the degree of Bachelor of 
Arts. In the following year he became associated with business 
affairs in his native city, where he continued to maintain his home 
until 1875, when he came to Chicago and initiated his association 
with the rapidly expanding grain business that has long found its 
most important center in this city. Since 1878 he has been most 
graciously and successfully associated in business with his honored 
confrere, J. Charles F. Merrill, at present secretary of the Board of 
Trade, and no concern in the commission business in Chicago has a 
higher reputation than the firm of Merrill & Lyon. Mr. Lyon is a 
loyal veteran in the Cook County camp of the Republican party, 
and he is an appreciative and valued member of the University Club 
and the Illinois Club, of which latter he served as president in 1905. 
Both he and his wife are zealous members of the Presbyterian 
church and the family home is in the beautiful suburban city of 
Evanston. 

Ernest V. Maltby. — Vigorous and resourceful have been the 
activities of this popular and representative member of the Board 
of Trade, and through his own ability and energy he has risen 
to a position of definite prominence and influence in connection with 
the great grain operations centered in the metropolis of his native 
state. His association with the grain business was initiated when 
he was nineteen years of age, when he assumed the position of 
stenographer for the firm of Storms Brothers & Smith, at Carmi, the 
judicial center of White county, Illinois. He gradually expanded 
his knowledge of the details of the grain trade while associated with 
this firm, and he continued his alliance with the same until 1902, 
when he came to Chicago and entered the employ of the extensive 
and representative grain commission firm of Hulburd, Warren & 
Company, the same year recording his name on the roster of the 
members of the Board of Trade. Later he became one of the organ- 
izers of the commission firm of Bogert, Maltby & Company, and 
he remained as one of the principals of this firm until 1911, when he 
again associated himself with the important firm with which he 
had identified himself upon coming to Chicago, the title of the 



212 HISTORY OF THE BOARD OF TRADE 

same having in the meanwhile been changed to its present form, 
Hulburd, Warren & Chandler. At this juncture he was made man- 
ager of the cash grain department of the firm's extensive business, 
and of this position he has continued the efficient and valued incum- 
bent up to the present time. In November, 1916, Mr. Maltby be- 
came vice-president of the corporation of T. A. Grier & Company, 
engaged in the grain business at Peoria, and in addition to this im- 
portant executive association he is likewise a director of 
the Kuehl-Lammers Grain & Coal Company, of Cedar Rapids, 
Iowa. The political allegiance of Mr. Maltby is given to the Demo- 
cratic party and in a social way he holds membership in the Mid- 
lothian Country Club. On the 30th of June, 1903, was solemnized 
the marriage of Mr. Maltby to Miss Emma Winner, of Carmi, Illi- 
nois, and they have two children, Helen Louise and Truman Win- 
ner. Reverting to the earlier stages in the life history of Mr. Maltby, 
it is to be noted that he was born on a farm near Virden, Macoupin 
county, Illinois, and that the date of his nativity was April 23, 1872. 
He is a son of Truman Houghton Maltby and Virginia Minerva 
■(Vaughn) Maltby, his second personal name being the family name 
■of his mother. After having availed himself of the advantages of 
the public schools he pursued a higher course of study in Shurt- 
leff College, at Upper Alton, Illinois, and his association with the 
work and management of the home farm continued until he was 
nineteen years of age, when he initiated his business career at Carmi, 
Illinois, as noted in a preceding paragraph. But although the larger 
portion of Mr. Maltby's business interests are in Chicago, the farm 
still has a very great attraction for him, and he now lives on a 
magnificent estate twenty miles out of Chicago, and receives much 
pleasure and recreation from his fine Kentucky saddle horses and 
pure-bred Holstein cattle. 

George E. Marcy. — By very reason of his being a representative 
on the Board of Trade of the gigantic interests of the Armour Grain 
Company, of which he is president, and of the allied department of 
the far reaching business of Armour & Company, Mr. Marcy holds a 
status of definite precedence and influence as a member of Chicago's 
great commercial body to which this history is devoted, and accord- 
ingly is properly given individual recognition within the pages of 
the publication. George Edward Marcy takes a due measure of 
pride and satisfaction in reverting to Illinois as the place of his na- 
tivity and as the stage of his successful activities in connection with 
business affairs of broad scope and importance. He was born at 
Lockport and is a son of William W. and Mary (Dowse) Marcy. 
who removed to Chicago when he was about 12 years of age. Thus 
it is that Mr. Marcy is indebted to the public schools of the western 
metropolis for his early educational discipline, and it is equally true 
that his advancement to a position of prominence as one of the veri- 
table captains of industry in Chicago has been gained by work — by 



OF THE CITY OF CHICAGO 213 

the full application of his ability and energies to productive achieve- 
ment that has not lacked objective appreciation. In 1879, when a 
lad of sixteen years, Mr. Marcy entered upon his novitiate in the 
grain commission business, by assuming a modest clerical position 
with the firm of H. W. Rogers & Brother, with which he continued 
his progressive association for a term of ten years. He then, in 
1889, formed his alliance with the great concern of Armour & Com- 
pany, as a representative of the grain department of its vast busi- 
ness, and has since continued his connection with this important 
Chicago concern, with which he has found ample opportunity for 
advancement and with which he has become a prominent and influ- 
ential executive, as president of the Armour Grain Company, a 
position of which he has been the vigorous and resourceful incum- 
bent since 1907. Mr. Marcy is a director of the Union Trust Com- 
pany, one of the representative financial institutions of Chicago. 
In a fraternal way he is affiliated with the Royal Arcanum, the Na- 
tional Union and the Royal League, and the representative social 
organizations that number him as a member are the Chicago Club, 
Chicago Athletic Club, Union League, Chicago Automobile Club, 
Kenwood Club, Exmoor Club, Onwentsia Club, Old Elm Club, 
Traffic Club, Industrial Club, and South Shore Country Club ; and is 
married. 

John R. Marfield. — Of the numerous Minneapolis grain con- 
cerns represented with marked consistency on the Board of Trade 
of the City of Chicago is the Marfield Grain Company, which is 
one of the prominent grain commission corporations of the Minne- 
sota metropolis and of which John R. Marfield is president, his 
membership in the Chicago Board of Trade dating from the year 
1896. He has long been one of the influential members of the Min- 
neapolis Chamber of Commerce, of which he has served as presi- 
dent, and he is similarly affiliated with the Duluth Board of Trade. 
The Marfield Grain Company maintains its Minneapolis offices in 
suite 510-13 Chamber of Commerce, and employment is given to a 
corps of about forty assistants. John R. Marfield was born in Ohio, 
October 29, 1867, and is a son of Otho L. and Agnes (McMurray) 
Marfield. The father was for many years extensively engaged in 
the buying and shipping of grain and continued to be actively iden- 
tified with this line of commercial enterprise until his death, which 
occurred at Winona, Wisconsin, on the 26th of March, 1896. He 
whose name introduces this review gained his early educational dis- 
cipline in the public schools, and his higher academic training was 
acquired in the great University of Michigan, in which he was grad- 
uated as a member of the class of 1884, and from which he received 
the degree of Bachelor of Arts. In the same year he became as- 
sociated with his father in the grain business, and this partnership 
continued until the death of the senior member in 1896. The Mar- 
field Grain Company is duly incorporated under the laws of Minne- 



214 HISTORY OF THE BOARD OF TRADE 

sota, and in the commission grain trade has developed an extensive 
business. Mr. Marfield is one of the liberal and progressive busi- 
ness men of Minneapolis, is a Republican in his political allegiance, 
and he and his wife are communicants of St. Paul's church, Protes- 
tant Episcopal. Mr. Marfield wedded Miss Helen Horton, a daugh- 
ter of Charles Horton, of Winona, Wisconsin, and they have three 
children. 

William H. Martin. — The activities of Mr. Martin in connec- 
tion with the brokerage business in grain have touched both Chicago 
and New York City, and in the national metropolis he was also a 
successful exponent of the stock and general investment business. 
He first became a member of the Board of Trade of the City of 
Chicago in the year 1890, when he came from New York City, 
where he had initiated his activities in connection with a brokerage 
enterprise in 1884, soon after leaving college. In 1906 he resigned 
his membership on the Chicago Board of Trade, and from that 
time forward until about the close of 1908 he maintained his home 
in New York City and was an active member of the New York Stock 
Exchange. In 1909 he returned to Chicago and was re-elected a 
member of the Board of Trade, and here he has since continued 
his independent and definitely successful operations as a broker and 
general commission merchant. From 1886 to 1892 he was a member 
of the firm of Coster & Martin, of New York, and from 1893 to 1895, 
inclusive, he was there one of the interested principals in the firm 
of McPherran, Martin & Jackson. His experience as a broker has 
been broad and varied and his reputation and achievement give him 
excellent vantage place as one of the popular and representative 
members of the Chicago Board of Trade. Mr. Martin was born in 
Brooklyn, New York, on the 8th of August, 1863, and is a son of 
William A and Margaret (Myers) Martin. The best of educational 
advantages were accorded to him in his youth, as is evidenced by 
the fact that in 1879 he was graduated in the Brooklyn Polytechnic 
Institute, and as a member of the class of 1884 received from his- 
toric old Williams College the degree of Bachelor of Arts. In 
Chicago he holds membership in the University Club, besides 
being a member of the Indian Hill Country Club, and both he and 
his wife are communicants of the Protestant Episcopal church. In 
1891 was solemnized the marriage of Mr. Martin to Miss Lilla 
Burch, of Brooklyn, New York, and they have two sons, Briton 
and John. Mr. Martin has always manifested an active and loyal 
interest in the welfare and advancement of the great commercial 
institution with which he is connected and at the annual election 
of the Board of Trade, held January 9, 1917, he was elected to serve 
for a period of three years, as a director. 

Alvin E. Masten. — To men of such energy, initiative power, 
and determined purpose as those possessed by Alvin Emmett Mas- 
ten, success comes as a natural prerogative, and thus it has been 



OF THE CITY OF CHICAGO 215 

his to gain in the grain and stock brokerage business a substan- 
tial, well ordered and prosperous business. In the city of 
Pittsburgh, Pennsylvania, he is a senior member of the brokerage 
firm of A. E. Hasten & Company, in which his partners are Fred- 
erick C. Masten and George M. Parsley. The firm maintains branch 
offices in Wheeling, West Virginia, and Cleveland, Ohio, and em- 
ployment is given about thirty office and executive assistants. The 
Pittsburgh offices of the iirm are at 323 Fourth avenue, and mem- 
bership is retained not only on the Board of Trade of the City of 
Chicago, but also the Chicago Stock Exchange, the Pittsburgh 
Stock Exchange, the New York Stock Exchange, and the Boston 
Stock Exchange. As a member of the Chicago Board of Trade Mr. 
Masten has retained a seat in this great commercial organization 
for several years, and it is gratifying to accord to him specific recog- 
nition in this history. Mr. Masten was born in Ohio, on the 3d of 
April, 1863, and is a son of Lannain and Harriet (Santee) Masten. 
The father followed the vocation of farmer in his earlier life but 
finally prepared himself for and entered the legal profession, of 
which he became a prominent and successful representative in the 
Buckeye state, he having been engaged in the practice of law in 
Ohio, at the time of his death, in 1882. To the public schools of 
his native state Alvin E. Masten is indebted for his early education 
and at the very inception of his business career he brought to bear 
the energy and insistent determination that have characterized his 
entire active career. He has been identified with the grain com- 
mission business since January, 1891, and he made each successive 
stage of experience count in accumulation of valuable knowledge, so 
that he was amply fortified when he organized in Pittsburgh the 
firm of A. E. Masten & Company, which now holds an influential 
position in the grain and stock brokerage business in Pittsburgh, 
Wheeling and Cleveland, and which has secure status on each of 
the metropolitan exchanges and commercial bodies with which it 
is identified, as above noted. Mr. Masten is a Republican in poli- 
tics, takes loyal interest in public affairs, both national and local, 
and is a progressive citizen as well as business man. He is affiliated 
with the Masonic fraternity and is identified with various civic 
and social organizations of prominent order. He is a member of 
the Methodist Episcopal church, as was also his wife, who died in 
January, 1917. The maiden name of Mrs. Masten was Ada John- 
ston, and she was a daughter of L. W. Johnston, of Newcastle, Penn- 
sylvania. Of the two children of Mr. and Mrs. Masten the elder 
is William S., and the younger is Thalia, who is the wife of George 
A. Hoover, of Pittsburgh. 

John R. Mauff, second vice-president of the Chicago Board 
of Trade and for three years one of its directors, is a native of 
Chicago, having been born in this city, July 16, 1868. He is a son 
of Frederick and Nora Mauff and the first twenty years of his life 



216 HISTORY OF THE BOARD OF TRADE 

were spent in the growing city from whose energy and purposeful- 
ness he seems to have drawn the inspiration for his owri success. 
He was a lad of three years when the great fire devastated the 
city, but he has vivid memories of that time of trial and of suffering 
for all Chicagoans. He was educated in the public schools of the 
city and as soon as school days were finished he started his busi- 
ness career at the foot of the ladder, in the clerical force of Field, 
Leiter & Company. He was later employed in a higher capacity 
by Foss, Strong & Company, and it was here that he met the man 
who was to have such influence upon his life. This man was Joseph 
Reynolds, "Diamond Jo" ; noted through all the Upper Mississippi 
region as the owner of the "Diamond Jo" packet line and as the 
most extensive grain dealer in that part of the country. Mr. Rey- 
nolds had business connections in Chicago and was a frequent 
visitor in the city. A large part of his great success lay in his ability 
to pick his lieutenants and to hold them to him with bonds of friend- 
ship and admiration, stronger than any mere business relation. He 
was a man of simple habits and of the greatest democracy, and every 
employe was his personal friend. Mr. Reynolds took note of this 
quick, alert young clerk, who, even at the age of less than twenty, 
seemed to have a thorough and technical knowledge of the grain 
business, and it was characteristic of his business genius that when 
he needed some man to take charge of his vast country elevator 
and grain business in Iowa, Minnesota and Wisconsin, he should 
select this young man whose ability had impressed him during his 
Chicago visits. Thus it was that Mr. Maufi', before he had cast a 
vote, found himself secretary of the E. M. Dickey Company, by 
which the Reynolds' grain business was known, with headquarters 
at Dubuque, Iowa. Mr. Mauf? was the manager of these interests 
from 1888 to 1891. His work took him through all the territory 
in which the concern operated and gave him a first-hand knowledge 
of grain "from the ground up," besides giving him a wide acquaint- 
ance with farmers and grain dealers and a broad understanding of 
their viewpoint, — which have been of great value to him. He also 
became the trusted and confidential friend of Mr. Reynolds and when 
that gentleman, whose mining interests were large, decided to 
withdraw from the grain business, it was Mr. Mauif who had charge 
of closing the affairs of the company. The friendship with Mr. 
Reynolds lasted throughout the latter's life and Mr. Mauff was one 
of those trusted with the settlement of the Reynolds estate. Upon 
leaving Dubuque it was very natural that he should return to his 
native city, this he did, and became Secretary of the Chicago O'Neill 
Grain Company, remaining with the concern until it closed its 
affairs. During these years Mr. Mauff was becoming better known 
as a grain expert and was considered one of the best judges of bar- 
ley in the Chicago market. It was this reputation which brought 
him in contact with Adolphus Busch, and for several years he acted 



OF THE CITY OF CHICAGO 217 

as barley expert for the great brewing concern. On the death of 
Mr. Busch, Mr. Mauff severed his connection with the company and 
became connected with the National Consumers League with head- 
quarters in New York City. This was during the great, nation-wide 
fight for the passage of "pure food" legislation, and Mr. MaulT, who 
also represented the barley growers of Minnesota and Wisconsin, 
was the leading spirit in insisting that brewery products, likewise, 
should be truthfully labelled. It had been the custom of some 
brewers to print on the labels the names of such ingredients as bar- 
ley and hops, but to omit all mention of other ingredients which they 
did not care to make public. The league insisted that all the in- 
gredients, or none, should be printed, and that all should be given 
equal prominence. Mr. Mauff collected the data for this crusade, 
prepared the bill, took it before Dr. Wiley, defended it at many 
hearings, with success, and it was largely through his efforts that 
it became promulgated as a regulation of the law enacted June 30, 
1906. Returning to Chicago Mr. Mauff entered the general grain 
business as a barley expert, in which lines he has continued. 
His membership in the Board of Trade dates from December 10, 
1896. Nothing could speak more highly of the esteem in which 
he is held by the members than the fact that after he had been for 
three years a director of the Board of Trade, he was chosen as 
second vice-president, at the election of 1916. The office of second 
vice-president of the Board of Trade is not simply an honorary or 
perfunctory title, it carries with it large responsibility and many 
definite duties and to these Mr. Mauff devotes a large portion of 
his time, with the result that he is entitled to his share of the 
credit for the present very successful administration of the Board's 
affairs. Mr. Mauff resides at Evanston, where his family con- 
sists of his wife, whose maiden name was Georgia Estelle Dyer, 
and their two delightful children, Catharine Estelle, aged ten, and 
John Reginald, Jr., aged four years. 

John C. Maxwell, M. D. — In its recorded history the Board of 
Trade of the City of Chicago has claimed among its active members 
comparatively few who have previously gained success and prestige 
in the medical profession, and of this contingent Dr. Maxwell is a 
representative. Even as he proved in definite success his ability 
as a physician and surgeon, so has he shown aggressiveness and 
resourcefulness in connection with the grain commission trade, 
and in 1915 he became a member of the Chicago Board of Trade, 
through the medium of which he has greatly furthered the inter- 
ests of the well-known commission firm of Maxwell & Quinleven, 
of which he is the senior member and the offices and central business 
stage of which are maintained at Sterling, Whiteside county, Illi- 
nois, William P. Quinleven being the junior member of the firm. 
Dr. Maxwell, one of a family of eleven children, was born in Illinois, 
April 29, 1866, and is a son of Archibald and Elizabeth (Allison) 



218 HISTORY OF THE BOARD OF TRADE 

Maxwell, the father, who was born in Scotland, having become 
one of the representative farmers and highly honored citizens of 
this state. Continuing his studies in the public schools until he had 
completed the course prescribed in the high school, Dr. Maxwell 
followed eventually the bent of his ambition and began preparing 
himself for the exacting profession of medicine. He was graduated 
in the medical department of the University of Illinois, from which 
he received his degree of Doctor of Medicine. Thereafter he was 
engaged in the active and successful practice of his profession until 
he established himself in the grain brokerage business, in 1915, 
his field of medical activity having been principally in Whiteside 
county, even as he there maintains his headquarters as an able 
and successful exponent of the grain business. His partnership alli- 
ance with Mr. Quinleven was formed in June, 1915, and within the 
intervening period they have developed a substantial business of 
the most legitimate order and of constantly cumulative tendencies. 
In politics the Doctor is a Republican, and he formerly maintained 
active affiliation with various medical organizations, including the 
American Medical Association and the Illinois State Medical Society, 
He is one of the well-known and representative citizens of White- 
side county and both consistency and satisfaction are aflforded in 
according to him recognition in this history of the great commercial 
organization with which he has identified himself in the western 
metropolis. Dr. Maxwell wedded Miss Julia Guinther, daughter 
of John Guinther, a resident of Illinois and a native of Germany. 
Robert McDougal. — This successful grain broker is a member 
of the firm of Knight & McDougal, New York and Chicago. The 
senior partner of the firm is William Knight, who is in New York. 
Mr. McDougal was born in Peoria, Illinois, October 25, 1868. His 
father was born in New York state, and his grandfather in Scotland. 
His mother's parents were born in the north of Ireland. Mr. Mc- 
Dougal was educated in the public schools, graduating from the 
Peoria, Illinois, High School in 1887. At that time he entered the 
employ of Hancock & Company, of Philadelphia, operating a branch 
house in Peoria; in 1894 he represented that firm in Chicago on 
the Board of Trade. He has been a member of the Board of Trade 
since that time. He was in the employ of Bartlett, Frazier Com- 
pany of Chicago from 1895 to 1896, and the remainder of the time, 
from 1896 up to the present date, he has been with or of the firm 
of Otto E. Lohrke & Company, New York grain brokers, and its 
successors, the present firm of Knight & McDougal. Mr. Mc- 
Dougal and his wife are members of the ICenwood Evangelical 
church of Chicago. He is a member of leading clubs of the city, 
and was president of the Kenwood Club in 1908-9. On the 9th of 
April, 1902, Mr. McDougal wedded Miss Mary Persis Bouton, of 
Chicago, and they have two sons, Robert Bouton and Christopher 
Bouton McDougal. 



OF THE CITY OF CHICAGO 219 

Alexander McDougall. — In all of the relations of a signally 
active and useful life the late Alexander McDougall exemplified 
most fully the sterling characteristics that have so significantly 
marked the race from which he was sprung. He was a young man 
when he came with his parents to Illinois and it was his to gain 
practical and valuable experience in connection with the basic 
industry of agriculture, to which he was pleased to resume alle- 
giance in later years of his life, though in the meanwhile he has 
assumed a position of prominence in the grain commission business 
in Chicago and as an active and honored member of the Board 
of Trade, many of the older members of which revert with satisfac- 
tion to having numbered him among their friends, the while they 
pay tribute to his memory as a strong and noble character who lent 
his quota of dignity and distinction to the great commercial organi- 
zation to which this publication is devoted. Mr. McDougall was born 
in Halifax, Nova Scotia, on the 22nd of October, 1835, and was a 
son of John and Margaret (McKenzie) McDougall, both representa- 
tives of the staunchest of Scottish lineage and of families early 
founded in Nova Scotia. The parents came to the United States in 
1853 and settled at Lakeside, Illinois, the father becoming one of 
the substantial and successful farmers of Lake County, where both 
he and his wife passed the residue of their lives. The early educa- 
tional advantages of Alexander McDougall included those of Cost- 
ley's Academy, in his native city, and he was about seventeen years 
of age when he came with his parents to Illinois. He continued 
to assist his father in the management of the home farm, in Lake 
county, until 1861, when he came to Chicago, where he served as 
chief clerk at the Naval Rendezvous during the greater part of the 
Civil war. A man of strong mentality, well disciplined, he was ad- 
mirably equipped for the progressive activities that marked his ca- 
reer from youth to the close of his life, and after the close of the 
war he was for some time employed in the office of the old Chicago 
Republican, with which newspaper he continued to be identified 
several years. About the year 1873 he returned to the old home- 
stead farm in Lake county, where he continued his active associa- 
tion with agricultural pursuits until 1875, when he was chosen su- 
perintendent of the well-known Tolleston Gun Club, at Tolleston, 
Indiana, the membership rolls of this club having contained the 
names of many representative Chicago business and professional 
men at that time as well as in later years. In the autumn of 1879 
Mr. McDougall established his residence in southern Minnesota, 
where he resumed his active alliance with farm enterprise. In the 
spring of 1882 he returned to Chicago and identified himself with 
the commission grain business. He became a member of the Board 
of Trade on the 17th of March of that year and in 1885 he estab- 
lished himself independently in business as a representative of the 
grain commission enterprise. He developed a successful business 



220 HISTORY OF THE BOARD OF TRADE 

that was founded upon fair and honorable dealings, he was loyal in 
the support and furtherance of the best interests of the Board of 
Trade and commanded at all times the unqualified respect and 
esteem of its members. He was a man of modesty and reserve 
but those who came within the sphere of his influence recognized 
the nobility of his character and the exceptional ability that was his. 
Mr. McDougall continued his business in Chicago until the time 
of his death and was one of the veteran members of the Board of 
Trade when he was summoned from the stage of his mortal en- 
deavors, at his residence in Highland Park, on the 8th day of July, 
1913. He was a loyal and public-spirited citizen, gave his political 
support to the cause of the Republican party, and his religious faith, 
exemplified in his daily life but with all of tolerance, was that of the 
Presbyterian church. The business which he established is still 
continued under his name and is now controlled by his elder son, 
John D. McDougall, of whom specific mention is made following 
this sketch. On the 17th of May, 1862, was solemnized the marriage 
of Mr. McDougall to Miss Ella Louisa Randall, who is now de- 
ceased, and the three children who survive him are John D., Alfred 
A. and Margaret L. 

John D. McDougall. — Filial loyalty and appreciation have been 
significantly shown by this well-known member of the Board of 
Trade in his having retained the name of his father in conducting 
the substantial and well ordered grain commission business that 
was established by the latter more than thirty years ago, and with 
which he himself has been actively identified during virtually this 
entire period. To the honored father, the late Alexander McDou- 
gall, memorial tribute is paid on other pages of this publication, 
and thus further reference to the family history is not demanded in 
the present connection. The commission business that is conducted 
under the name of its founder, Alexander McDougall, continued to 
enlist the personal attention of the latter until he passed to the 
life eternal, on the 8th day of July, 1913, and from its inception, in 
1885, up to the present time there has been no cessation of business 
for a single day, so that there is all of consistency in perpetuation 
through the same the name of one who long held secure place as 
one of the most honored members of the Board of Trade, the while 
it may likewise be said that as a citizen and man of afifairs the son 
has fully upheld the prestige of the name which he bears. John 
Douglas McDougall takes a due measure of satisfaction in revert- 
ing to Chicago as the place of his nativity as well as the stage of 
his activities during the entire course of his business career. He 
was born November 30, 1862, and his early education was acquired 
in the public schools of Illinois and Minnesota, with supplemental 
discipline gained by taking an effective course in a business college 
in his native city. He became associated with his father in the 
commission grain business in Chicago in 1885, soon after having at- 



OF THE CITY OF CHICAGO 221 

lained to his legal majority, and he has been an active and valued 
member of the Board of Trade since June 2, 1886. As previously 
intimated he succeeded to the control of the old established business 
upon the death of his revered father, in 1913. He takes a lively in- 
terest in all things pertaining to the welfare of his native city, 
and is fully appreciative of the traditions, functions and honorable 
history of the Board of Trade, the great commercial organization 
with which he has been identified for fully three decades. On the 
11th of August, 1901, Mr. McDougall wedded Miss Elise DeMourer, 
and their home is in the beautiful suburb of Highland Park. They 
have no children. 

Caleb L. McKee. — In the year 1901 was formed in the city of 
Columbus, Ohio, the firm of Caleb L. McKee & Company, and in the 
same year its executive head, Mr. McKee, became a member of 
the Board of Trade of the City of Chicago. The other interested 
principals of the concern are William R. A. Hays and Samuel L. 
Landen, and the firm has developed a substantial commission busi- 
ness in the handling of stocks, bonds and grain, with representation 
not only on the Chicago Board of Trade, but also the New York 
Stock Exchange, the Cleveland Stock Exchange, the Colum- 
bus Stock Exchange and the Pittsburgh Stock Exchange. 
It may be said without fear of legitimate denial that the 
firm of Caleb L. McKee & Company now controls the 
most extensive commission business of all similar concerns in 
the state of Ohio, and that the enterprise is founded upon honor 
and conducted with progressiveness and discrimination, as its repu- 
tation fully indicates. The firm maintains its well-equipped offices 
in the Wyandotte building, Columbus, and employment is given to 
a corps of eighteen assistants. Caleb L. McKee was born in Co- 
lumbus, Ohio, November 9, 1866, and is a son of James M. and 
Indiana (Lodge) McKee. The father likewise was born and reared 
in Ohio and was for many years a prosperous merchant and repre- 
sentative citizen of Columbus, where his death occurred in the year 
1895, his business having been for many years conducted on the 
same premises on which are established the present office head- 
quarters of the firm of Caleb L. McKee & Company, and it may 
well be said that as a business man and loyal and liberal citizen 
the son is upholding the prestige of the family name in Ohio's cap- 
ital city. After receiving the discipline of the public schools Caleb 
L. McKee attended the University of Ohio, in his native city, and 
he completed his higher academic course in historic old Williams 
College, Massachusetts. For a short time after leaving college he 
was identified with the mortgage and loan business in Columljus, 
and here he has made substantial advancement as an able and reli- 
able business man, as shown by the scope and importance of the 
properous enterprise of which he is now the executive head. He 
takes lively interest in all things tending to advance the civic and 



222 HISTORY OF THE BOARD OF TRADE 

material prosperity of his home city, is a staunch supporter of the 
cause of the Republican party and both he and his wife are mem- 
bers of the Presbyterian church. His wife was Miss Ida Smith, 
a daughter of Joseph Smith, of Columbus, and the one child of this 
union is Miss Indiana L. McKee, who remains at the parental home. 

John D. McMillan. — Even as Chicago is recognized as the 
world's center of the commercial phase of the grain business so is 
Minneapolis known as the most important primary headquarters 
of this all-important line of industrial enterprise. Thus there is 
much consistency in the fact that the Minnesota metropolis gives 
a very appreciable and loyal contingent of members to the Chicago 
Board of Trade, and prominent among the number is Mr. McMillan, 
who is president of the Osborne-McMillan Elevator Company, 
which owns and operates in Minneapolis the Shoreham elevator, 
with a capacity of 750,000 bushels, besides maintaining a chain of 
well equipped country elevators on the lines of the Great Northern 
and the Minneapolis, St. Paul & Sault Ste. Marie Railroads. The 
company built and operates also the Empire and Northland elevat- 
ors and has extensive holdings in the International Elevator Com- 
pany, which controls a large and important business in the great 
wheat producing regions of the Canadian northwest. The com- 
pany operates about one hundred and fifty elevators, gives employ- 
ment to an approximate force of three hundred and fifty persons, 
and its finely appointed Minneapolis offices are in the Chamber of 
Commerce building. Mr. McMillan was born in the city of La- 
Crosse, Wisconsin, a son of John and Mary (Leach) McMillan, his 
father having been one of the early and extensive lumber operators 
in the Badger state. John D. McMillan gained his early education 
in the public schools of his native city and as a young man he there 
entered the employ of the Cargill Brothers Elevator Company, with 
which he continued his alliance about ten years. He then sought a 
broader field of operations in which he could assume an independent 
status, and thus it was that, in 1892, he removed to Minneapolis 
and became one of the founders of the extensive business now con- 
trolled by the Osborne-McMillan Elevator Company, of which he 
is president and of which he has been a representative on the Chi- 
cago Board of Trade for many years. He is also one of the promi- 
nent members of the Minneapolis Chamber of Commerce, is simi- 
larly identified with the Duluth Board of Trade, and in his home city 
he is listed as a member of various fraternal organizations and 
leading clubs, including the Minikahda Club and the Minneapolis 
Golf Club, his political support being given to the Republican party. 
Mr. McMillan was married to Miss Grace Ives. 

Matthew K. McMullin. — In March, 1917, the city of Pittsburgh, 
Pennsylvania, gained a vigorous representative on the Chicago 
Board of Trade, for it was at that time that the senior member of 
the well-known grain and tobacco brokerage firm of M. K. McMul- 



OF THE CITY OF CHICAGO 223 

lin & Company assumed membership in the great commercial body 
of this city. The firm does a successful brokerage business in stocks 
as well as grain, tobacco, etc., and owns a membership on the New 
York Stock Exchange. Matthew K. McMullin, whose partner in 
the firm of M. K. McMullin & Company is J. D. Callery, was born 
in the city of Wheeling, West Virginia, on the 11th of September, 
1848, and is a son of John and Sarah McMullin, who there estab- 
lished their home when the place was little more than a village. 
Matthew K. McMullin is indebted to the schools of his native city 
for his early education and as a young man he there identified him- 
self with the tobacco business. In this department of business enter- 
prise he eventually won secure vantage ground and definite success, 
and in 1890 he amplified his operations by engaging also in the stock 
and grain brokerage business. He established his residence in 
Pittsburgh, and there he has been the senior member of the broker- 
age firm of M. K. McMullin & Company since 1905. The firm has 
membership on the Pittsburgh Stock Exchange, and in its well- 
appointed offices is retained an average corps of twelve employes. 
In politics Mr. McMullin is a staunch Republican, he is identified 
with various fraternal and social organizations, and he and his 
family hold the faith of the Catholic church. The maiden name of 
Mrs. McMullin was Anna Nolan, and she is a daughter of the late 
Garrett Nolan, of Wheeling, West Virginia. 

Arthur Meeker. — In all stages of its history the Board of Trade 
of the City of Chicago has claimed as members the strongest and 
best element in the industrial and commercial as well as the civic life 
of the western metropolis, and one of the representative Chicago 
citizens whose name is found on the membership rolls of the Board 
at the present time is Arthur Meeker, concerning whose prominence 
and influence in connection with large and important affairs in 
Chicago it is not necessary to enter into details in this connection. 
Consistency, however, demands that in this history of the Board of 
Trade his name shall not be permitted to go without mention. 
Arthur Meeker was born in Chicago, on the 11th of April, 1866, 
and is a son of Arthur B. and Maria L. (Griggs) Meeker. In 1886 
he received from the Sheffield Scientific School of Yale University 
the degree of Bachelor of Science. He has large and varied capi- 
talistic interests in Chicago, is a Director of the great corporation 
of Armour & Co., and is a member of the Board of Trade. Mr. 
Meeker is a member of the Board of Trustees of the University of 
Illinois, he and his wife are members of the Presbyterian church, 
and he is identified with the Chicago Club, the University Club, 
the Mid-Day Club, the Saddle & Cycle Club, the Onwentsia Club, 
besides which he holds membership in the Racquet & Tennis Club 
of New York City. "Arcady," the country home of the Meeker 
family, is one of the most idyllic farms of the beautiful Lake Forest 
district, and is one of the best and most favorably known dairy 



224 HISTORY OF THE BOARD OF TRADE 

farms producing certified milk. In 1892, Mr. Meeker wedded Miss 
Grace Murray, of Chicago. 

Meent R. Meents. — In connection with the splendid production 
of grain in the State of Illinois there has been afforded the best of 
opportunity for the disposition of the product through proper com- 
mercial sources, and to bring to bear this necessary incidental force 
the interposition of many men of fine energy, sterling integrity and 
exceptional business ability has been enlisted. He whose name 
introduces this article came from his German fatherland when a 
youth and established his home in Iroquois County, Illinois, where 
through his own ability and well-ordered endeavors he has won 
advancement to a position of prominence and influence as one of 
the substantial captains of industry in this section of the State. He 
is now the head of the firm of M. R. Meents & Sons, engaged exten- 
sively in the grain, lumber and coal trade, with well-equipped grain 
elevators at Ashkum, Clifton and Danforth, Iroquois County, and at 
Cullom, Livingston County. He whose name introduces this para- 
graph was the founder of the now extensive business and has been 
a resident of Iroquois County for nearly half a century. He main- 
tains his home in the village of Ashkum and gives his personal 
supervision to the affairs of the Ashkum Bank, of which he is 
President. Meent R. Meents was born in Ostfriesland, Germany, 
June 15, 1851, and is a son of Remmer H. and Ocke (Ulfers) Meents, 
both of whom died in Germany, the father having there been a 
farmer by occupation. The subject of this review acquired his 
youthful education in his native land and on the 12th of May, 1869, 
about one month prior to his eighteenth birthday anniversary, he 
landed in the United States. Making his way to Illinois, he re- 
mained a short time at Danforth, Iroquois County, and then became 
identified with farm enterprise in the vicinity of his present home 
village of Ashkum. From small beginnings he has risen to a com- 
manding position as one of the substantial men of affairs in this 
county and as a citizen of steadfast integrity of purpose as well as 
one of liberality and progressiveness. Since 1885 he has been 
engaged in the grain business, of which he is now one of the leading 
representatives in this part of the State, and he has been successful 
also as a practical financier who has impregnable place in popular 
confidence and esteem in Iroquois County. He engaged in the bank- 
ing business in Ashkum in 1892, and here the Ashkum Bank, of 
which he is the President, and his sons, R. R. and A. J., cashier and 
auditor respectively, operates upon a capital stock of $25,000. Mr. 
Meents is a stalwart and well-fortified advocate of the principles 
of the Republican party, he is a charter member of the Ashkum 
Camp of the Woodmen of the World and also of the local lodge 
of the Independent Order of Odd Fellows. Both he and his wife 
are zealous members of the Methodist Episcopal church. Mr. 
Meents has been most appreciative of and loyal to that great Chicago 




^unt0// ^fi&s^ina ^ir 



OF THE CITY OF CHICAGO 225 

institution, the Board of Trade, and has been a valued member of the 
same since 1906. As a young man Mr. Meents wedded Miss Phila- 
delphia Cloke, a daughter of the late Richard Cloke, of Iroquois 
County, and of the twelve children of this union five sons and five 
daughters are now living. The sons who are associated with their 
father as constituent members of the firm of M. R. Meents & Sons 
are Richard R., Frank W. and Arthur J. Frank W. Meents is General 
Manager of the firm's large busines at Clifton and is one of the most 
progressive and public-spirited citizens of this thriving village. He 
was born at Ashkum on the 6th of January, 1877, and after having 
duly profited by the advantages of the public schools of Iroquois 
County he entered the Grand Prairie Seminary, at Onarga, in which 
he was graduated as a member of the class of 1897. In the same 
year he became actively associated with his father's business and 
was soon admitted to partnership in the same. In 1906 he became 
the first resident representative and manager at Clifton, where he 
has the general supervision of the Meents grain elevator, which was 
erected in 1898 and which has a capacity of ninety thousand bushels. 
Like his honored father, Mr. Meents is an active member of the 
Chicago Board of Trade, and as a business man and loyal citizen 
he is well upholding the prestige of the family name. He is a 
stalwart supporter of the principles of the Republican party and his 
progressiveness has been further shown by his conducting a banking 
business in connection with his other interests at Clifton, the bank- 
ing department of the business being in charge of F. E. Babcock, 
the efficient cashier and bookkeeper. In 1903 Mr. Meents wedded 
Miss Frieda Muehlentfordt, a daughter of August Muehlentfordt, 
of Iroquois County. He is Past Master of Clifton Lodge, No. 688, 
A. F. & A. M. ; member of Gilman Chapter, No. 217, and also member 
of the Village Board of Trustees of the Village of Clifton, and Presi- 
ment of the Businessmen's Association. 

J. C. F. Merrill. — While there have been many Presidents of the 
Board of Trade, there have been but few Secretaries. The Board 
has very wisely pursued the policy of securing the best possible man 
for this position, and then retaining his services as long as possible. 
It is for this reason that the Secretary of the Board of Trade has al- 
ways been regarded as high authority throughout the market world 
and has had wide influence in shaping legislation and molding public 
opinion on all questions concerning the world's food supply. The 
Board of Trade is particularly fortunate in having in the Secretary's 
office at this time so thorough a business man, so profound a scholar 
and so courteous a gentleman as J. C. F. Merrill, who has added 
luster to the reputation gained by his predecessors in this important 
place of trust. Mr. Merrill came to the Secretary's office with ripe 
experience gained by long participation in the grain business and in 
the affairs of the Board of Trade as an organization. As a Director, 
Vice-President and, later, as President of the Board of Trade, he 



226 HISTORY OF THE BOARD OF TRADE 

was thoroughly conversant with the rules of the Association, with 
legal decisions affecting the transactions of the Board, and with the 
many complex problems confronting it as to the proper control of 
trade. Always a deep student, both of events and books, Secretary 
Merrill, through his pleasing and convincing oratory and his clear 
and logical writings, has been able to do much to dispel prejudice 
against the Board and to place its transactions and its important 
functions as the world's market place in their true light. In this 
manner his services have been eagerly sought by commercial and 
educational bodies and at least one of his lectures on "Truth and 
Error in the Economies of the Grain Trade," stands as a classic 
in its line. At this writing Secretary Merrill is in Washington aid- 
ing patriotically in the solution of the great problem of food distribu- 
tion which faces a nation engaged in war. Few can claim purer 
American ancestry than can Mr. Merrill, who is a lineal descendant 
of Nathaniel Merrill, who settled in Newburyport, Massachusetts, 
in 1627, and, on his father's side is a direct descendant of Lord Guil- 
ford Dudley, who emigrated to this country for reasons of safety at 
the time Lord Guilford was beheaded. Mr. Merrill was born in 
Bergen, Genesee County, New York, the son of Daniel and Elvira 
M. (Hudson) Merrill, and the character and convictions of his 
parents need no further statement than that they named their son 
John Charles Fremont, in honor of the great "Pathfinder," the 
apostle of human liberty, and the founder of the Republican party. 
The youth of the future Secretary of the Board of Trade was passed 
in the New York farm home of his parents and in attendance in the 
public schools. Later he worked as a clerk in a village store and 
when but a young man of twenty-two years he felt the urge of the 
great West, and the year 1873 found him engaged as a grain buyer 
at Rockford, Illinois. After five years of this most practical expe- 
rience in the grain business, Mr. Merrill's ambitious nature led him 
to try the larger field offered by the growing city of Chicago and his 
ability proved ample for the increased responsibilities which he 
assumed as a member of the Grain Commission firm of Merrill & 
Lyon, in 1878. His business record was one of conservatism, scru- 
pulous integrity and success, and he gradually attracted and held 
the esteem and friendship of the best men of Chicago's business 
world. Thus it was that in January, 1911, he was elected President 
of the Board of Trade and the record of his administration, given at 
length in other pages of this history, is one of great strength and 
ability. He declined re-election, and upon the death of George F. 
Stone, who had been the distinguished Secretary of the Board for 
twenty-eight years, it was felt that no man was better equipped by 
experience, training and intellectual capacity to succeed him than 
was J. C. F. Merrill, and he was accordingly elected to that position 
by the Board of Directors on August 1, 1912. His nearly five years 
of service as Secretary have been productive of many improvements 



OF THE CITY OF CHICAGO 227 

in the work of the office to meet the demands of the ever-growing 
business of the Exchange and his department is now in the highest 
state of efficiency. He has also made strong impress upon the rules 
governing the Association and the regulations making "cornering" 
manipulations almost an impossibility were formulated by him. In 
his relations with the public and with the members of the Board he is 
one of the most courteous, affable and accommodating gentlemen 
and this spirit imbues the entire department under his charge. From 
his youthful association with farm life Mr. Merrill has always re- 
tained a sincere love of nature and his greatest pleasure has been in 
horticulture and in the growing of fruits and flowers at his lovely 
country home at Hinsdale, Illinois, a delightful Chicago suburb. 
Mr. Merrill was married to Miss Sarah B. Lindsay at Gallon, Ohio, 
on March 25, 1885, and the great sorrow came to his life eight years 
later, when she was called to the life everlasting, leaving with him 
as dearest comforters two children, a daughter, Charlotte, who is 
now the charming mistress of his home, and a son, Ralph, who finds 
employment in Chicago. Mr. Merrill has not only been an impor- 
tant factor in the commercial life of Chicago, but he has taken active 
interest in the affairs of his home city, serving for four years as 
Trustee of the Village of Hinsdale and for nine years as President 
of the Village Board. Politically Mr. Merrill has been loyal to the 
faith of his father, and is an ardent Republican, while in religious 
matters he is equally steadfast to his New England ancestors as a 
member of the Congregational church. In the troublous times that 
have come to all business interests and to our country the Board of 
Trade of the City of Chicago could have no wiser, saner counsel 
i^han that given the administration of President Griffin by Secretary 
J. C. F. Merrill. 

John J. Mitchell. — The financial and industrial interests of the 
commercial world have long maintained as their regulators and con- 
servators the well-ordered banking institutions, and upon the stabil- 
ity and the proper systematization and management of the latter 
must depend the solidity and strength of practically all other lines of 
business enterprise. The part played by the leading banking insti- 
tutions of the city in connection with the activities of the Board of 
Trade has been one of all-important honor, for without the facilities 
of the one the other could scarcely maintain its functions- It has 
been signally fortunate that there have been represented on the 
roster of the members of the Board of Trade many of the most 
honored and influential figures in the banking circles of the city, and 
such an one is John J. Mitchell, who has held membership in the 
Board since 1883 and who is a dominating force in connection with 
the nation's financial operations. He has risen to his present com- 
manding position entirely through his own ability and well-ordered 
efforts and has served since 1880 as President of the Illinois Trust & 
Savings Bank, one of the great institutions that lend financial and 



228 HISTORY OF THE BOARD OF TRADE 

civic prestige to the splendid metropolis of the West. Special in- 
terest attaches to the career of Mr. Mitchell by reason of the fact that 
he is a native of Illinois and has found in this commonwealth ample 
field for his exceptional and significant achievement as a man of 
affairs and as a loyal, liberal and public-spirited citizen. As a valued 
and honored member of the Board of Trade he is consistently given 
representation in this publication. John J. Mitchell was born at 
Alton, Madison County, Illinois, on the 3d of November, 1853, and 
is a son of William H. and Mary A. Mitchell, his father having been 
an influential and honored pioneer citizen of that city. Mr. Mitchell 
is indebted to the public schools of his native State for his early 
educational discipline, which was supplemented by higher academic 
studies in a representative collegiate institution at Kent's Hill, 
Maine. The business activities of Mr. Mitchell have been centered 
in Chicago from the time of his youth, and he is one of those who 
witnessed and assisted in the splendid forward movement made by 
the city after it had been prostrated by the great fire of 1871. It was 
in the year 1873 that he assumed the position of messenger boy in 
the service of the Illinois Trust & Savings Bank, and he has been 
closely associated with this institution during the long intervening 
years — years that have recorded his rise from the most subordinate 
position to that of executive head of one of the great financial insti- 
tutions of the western metropolis. Mr. Mitchell has been a steadfast, 
faithful worker during all of his mature life, and his personal stew- 
ardship has been on a parity with his appreciation of the value of 
honest toil and endeavor and of concentration of effort. Chicago his- 
tory records many such instances where young men of sterling 
character and worthy ambition have made their way to commanding 
position, and this record is one that has given special distinction of 
true Americanism to the city. In this connection it is needless to 
attempt analysis of the career of Mr. Mitchell or to note the manifold 
details of the same, but it may be said with all emphasis that his 
works denote the man, the citizen, the sterling captain of industry 
who is to be consistently designated as one of the representative men 
of Chicago and one of the influential financiers of the nation. Mr. 
Mitchell has been President of the Illinois Trust & Savings Bank 
since 1880, and an idea of his prominence in the financial world is 
further given when it is stated that he is Vice-President of the Audit 
Company of New York, besides being a member of its Advisory 
Committee and its Western Board of Control ; that he is a Trustee 
and member of the Advisory Committee of the American Surety 
Company of New York ; that he is a Director of Chase National 
Bank of New York, the First National Bank of that city, the New 
York Trust Company, and the Illinois Trust & Safe Deposit Com- 
pany. His capitalistic support has been given to many- enterprises 
that have contributed greatly to the civic and material precedence 
of Chicago, and his name appears on the list of Directors of the fol- 




"'''fe^^ Xy ^^^^^^^h-rz^t^^^^jz^^C^^ 



OF THE CITY OF CHICAGO 229 

lowing important corporations : The Kansas City Southern Rail- 
way Company; the Chicago & Alton Railroad Company; the Pitts- 
burgh, Fort Wayne & Chicago Railway Company ; the Pullman 
Company ; the American Telephone & Telegraph Company ; the 
Chicago Telephone Company ; the Commonwealth Edison Com- 
pany ; the Lackawanna Steel Company ; the International Harvester 
Company, and other influential corporations. While his extensive 
business interests and executive functions place exacting demands 
upon his time and attention, Mr. Mitchell is fully appreciative of 
the gracious amenities of social life and is identified with representa- 
tive civic organizations in his home city, including the Chicago, the 
Union League, the Chicago Automobile, the University and the 
Mid-Day Clubs, as well as the South Shore Country and the Lake 
Geneva Country Clubs. In New York City he is a member of the 
Chamber of Commerce, the Metropolitan Club, the Bankers' Club, 
and other representative organizations. The family residence is at 
1550 North State Parkway. On the 11th of February, 1890, was 
solemnized the marriage of Mr. Mitchell to Miss Mary Louise 
Jewett, of Bristol, Rhode Island. 

Dean L. Moberley. — In the city of Streator, LaSalle County, 
Illinois, Mr. Moberley has built up a well-ordered and prosperous 
business as grain broker. He is essentially one of the representa- 
tive and popular young business men of this thriving Illinois city, his 
membership on the Board of Trade of the City of Chicago dating 
from May, 1912, and his present business at Streator having been 
established by him on the 1st of January of that year. He has been 
actively identified with the grain business since 1902, and his orig- 
inal stage of activities along this line was at Windsor, Shelby 
County, Illinois, where he remained seven years. For one year 
thereafter he was a traveling representative in connection with 
operations on the Chicago Board of Trade, and he then became 
associated with three other men in the organization and incorpora- 
tion of the A. R. Sawyer Grain Company. His interest in this busi- 
ness he sold at the time he initiated his present independent broker- 
age business, in which his experience and excellent record have con- 
tributed materially to his success. He is popular in both business 
and social circles in his home city, is a Democrat in his political 
proclivities and in 1917 is serving as Exalted Ruler of the Streator 
Lodge of the Benevolent & Protective Order of Elks. His name 
still remains enrolled on the list of eligible young bachelors in 
LaSalle County. As a representative broker he is retained as a 
correspondent of the well-known grain commission firm of Lamson 
Brothers & Co., of Chicago. 

George D. Montelius. — The distinct individuality of the late 
George Dunton Montelius, of Piper City, Ford County, Illinois, 
found positive expression both in his strong and worthy character 
and his definite achievement as one of the world's constructive work- 



230 HISTORY OF THE BOARD OF TRADE 

ers. By virtue of his personality he was vouchsafed the prerogatives 
of honor and usefulness both as a loyal citizen and as a man of 
affairs, and in his active association with the grain trade in his 
native State he came to the goal of large success and influence. At 
the time of his death, which occurred March 12, 1914, he was Presi- 
dent of the Montelius Grain Company, of Piper City, and it was 
largely through his energy and ability that this company gained its 
present standing as one of the most important of the concerns en- 
gaged extensively in the grain business in eastern Illinois. The 
objective appreciation of his character and of his authoritative judg- 
ment in all that concerns the grain business in its direct industrial 
and commercial ramifications, was significantly shown by his being 
called to the Presidency of the Illinois Grain Dealers' Association, 
an office of which he was the incumbent in 1909 and 1910. In this 
executive position he fully maintained his poise as a business man 
of much circumspection and progressiveness, and there was naught 
of the perfunctory element in his administration. Within his re- 
gime he did much to vitalize the work of the association, especially 
in obtaining needed legislation for protecting and conserving the 
interests of both the producers of and dealers in grain. Upon his 
retirement from the Presidency he was made a member of the Board 
of Directors of the Association, and in this position he continued to 
wield impressive influence until the time of his death. It was but 
natural that a man thus prominently identified with the grain busi- 
ness in Illinois should become a member of the Board of Trade of 
the City of Chicago and that he should gain prestige as one of the 
representative and valued non-resident members of this great com- 
mercial body. He availed himself fully of the privileges of the 
Board and the company of which he was President is still repre- 
sented in the personnel of this organization — by his brother, Joseph 
K., who succeeded him as President of the Montelius Grain Com- 
pany and who is individually mentioned on other pages of this pub- 
lication. A representative of one of the well-known and influential 
families of Ford County, Illinois, Mr. Montelius was born at Piper 
City, this county, on the 30th of November, 1872, and thus he was 
in the very flower of strong and useful manhood when he passed 
from the stage of life's mortal endeavors, his death having occurred 
in the city of Mobile, Alabama. His parents, John A. and Kate 
(Gast) Montelius, still reside at Piper City, and concerning them 
more specific mention is made on other pages, in the sketch of Joseph 
K. Montelius. Mr. Montelius acquired his rudimentary education 
under the direction of a private governess retained in the family 
home, and thereafter he made good use of the advantages of the 
public schools in his native village. In 1889 he attended the academy 
at Lake Forest, Illinois, and during the ensuing two years he was 
a student in the Michigan Military Academy, at Orchard Lake, 
an excellent institution whose existence was unfortunately per- 



OF THE CITY OF CHICAGO 2J1 

mitted to lapse a few years ago. After leaving school Mr. Mon- 
telius became actively connected with his father's large and varied 
business interests at Piper City, where eventually he became a 
member of the firm of Montelius Brothers, dealers in agricultural 
implements and machinery, as well as in vehicles. Later he became 
associated with his father in the grain and milling business, under 
the firm name of George D. Montelius & Co., and upon the retire- 
ment of his father, in 1913, the Montelius Grain Company was organ- 
ized to take control of the extensive business. He became Presi- 
dent of the company, and of this office he continued the incumbent 
until his death. Concerning him the following consistent statement 
has been written : "He seemed particularly adapted to this business, 
his keen foresight and sound judgment standing him in good stead, 
and he became a prominent figure among the grain dealers of the 
State." By birth, breeding and intrinsic personality Mr. Montelius 
stood exponent of ideal citizenship, and in his civic attitude he was 
significantly loyal and public-spirited. No enterprise or movement 
projected for the general good of his home community and native 
county failed to enlist his lively interest and effective support. He 
served as a member of the Municipal Board of Trustees of Piper 
City and was called upon to hold other positions of public trust in 
the community. He became a member of the Directorate of the 
Ford County Fair Association at the time of its organization, and 
he held this position until his death. In 1911-12 he was President 
of this association, and his administration proved most successful, 
as he brought to bear the earnest zeal and fidelity of purpose that 
significantly denoted him in all of the relations of life. He was in- 
fluential in the local councils of the Republican party and also gave 
effective general service in promotion of the party cause. He served 
several years as a member of the Republican Central Committee of 
Ford County, Illinois, and was for two years Chairman of the County 
Committee, a position in which he showed much finesse in the 
maneuvering of the political forces at his command. The inviolable 
stewardship of Mr. Alontelius had full reinforcement in the abiding 
Christian faith which dominated his course in both thought and 
action. He became a member of the First Presbyterian church of 
Piper City February 6, 1886, and he was an elder of the same from 
September 19. 1897, until the time of his death. In the time-honored 
Masonic fraternity he received the thirty-second degree of the An- 
cient Accepted Scottish Rite, in Oriental Consistory, of Chicago, in 
which city he was affiliated also with Medinah Temple of the Mystic 
Shrine. In the York Rite Masonry his affiliations were with Piper 
Lodge, No. 608. Ancient Free & Accepted Masons, serving as Mas- 
ter, and Piper Chapter, Royal Arch Masons, and first Worthy Patron 
O. E. S ; was Eminent Commander of St. Paul's Commandery, No. 
34. Knights Templars, at Fairbury. He also served as Worthy 
Patron in the local chapter of the Order of the Eastern Star, and 



232 HISTORY OF THE BOARD OF TRADE 

was a member of the Independent Order of Odd Fellows. The 
noble character of Mr. Montelius found its supreme exemplification 
in the associations of a singularly ideal home life, and in gracious 
memories of him those who were nearest and dearest find their 
chief consolation. On the 2Sth of December, 1894, he wedded Miss 
Clara Plank, whose death occurred in October of the following year. 
On the 26th of June, 1900, was solemnized his marriage to Miss Anna 
Stadler, who survives him, as do also their two children, Charles 
and Dorothy, Mrs. Montelius and her children still residing in the 
beautiful home at Piper City, where she is an active member of the 
First Presbyterian church and a leader in the social activities of the 
community. 

Joseph K. Montelius. — Residing outside of the borders of the 
western metropolis is an appreciable and valued contingent of active 
members of the Board of Trade of the City of Chicago, and one of 
the prominent Illinois representatives of this quota is Joseph K. 
Montelius. President of the Montelius Grain Company, of Piper 
City, Ford County. He is the executive head of one of the impor- 
tant concerns in the grain trade of eastern Illinois, and as President 
of the company, as well as a member of the Board of Trade, he is 
the successor of his brother, the late George D. Montelius, to whom 
a memoir is dedicated on other pages of this work. He is a member 
of one of the honored and influential families of Ford County, Illi- 
nois, and his prominent status as an exponent of the grain trade 
makes most consonant the recognition accorded to him in this his- 
tory. Mr. Montelius was born at Piper City on the 17th of February, 
1870, and is a son of John A. and Kate (Gast) Montelius, the other 
three surviving children of the family being John A., Jr., Margaret 
and Mary, all residents of Piper City. John A. Montelius, St., is one 
of the oldest and most successful representatives of the grain busi- 
ness in the State of Illinois, and his capitalistic interests are now 
broad and varied. In the year 1866 he engaged in the buying and 
shipping of grain at Piper City, where he simultaneously established 
a general merchandise business. His influence in the passing years 
permeated the community life in a most benignant way, and there 
have been few citizens of Ford County who have made a record of 
larger or more worthy achievement. In 1870 Mr. Montelius engaged 
in banking, conducting the Piper City Bank, this organization 
eventually becoming the First National Bank of Piper City, in 1900, 
he and his son, Joseph K., being heavy stockholders in the latter 
institution, which he served as its first President and which has a 
capital and surplus of $75,000, with deposits in excess of $200,000. 
He has been for many years a stalwart in the Illinois ranks of the 
Republican party, and he has been one of its influential figures in his 
county and district. He represented Ford County in the State legis- 
lature for four terms and in 1904 was one of the Republican electors 
from Illinois. He and his family are members of the First Presby- 



OF THE CITY OF CHICAGO 233 

terian Church of Piper City, he is a charter member of the local lodge 
of Ancient Free & Accepted Masons and is affiliated also with the 
Commandery of Knights Templars at Fairbury, Livingston County. 
Joseph K. Montelius is indebted to the public schools of Piper City 
for his early educational discipline, which was effectively supple- 
mented by a course of two years in the Lake Forest Academy, at 
Lake Forest, Illinois. Immediately after leaving school he assumed 
the position of general bookkeeper in connection with the important 
business activities of his father, besides serving as cashier of the 
Piper City Bank, in the stock of which his father held the controlling 
interest. After holding this latter position two years he became 
cashier of the First National Bank, of which executive office he 
continued the efficient and popular incumbent until 1912, when he 
resigned the post, in order that he might give his undivided attention 
to the grain business, in which he had become associated with his 
father and his brother, George D. Upon the death of his brother, 
March 12, 1914, he succeeded the latter as President of the Montelius 
Grain Company, and also as a member of the Chicago Board of 
Trade. The Montelius Grain Company controls a very large and 
well ordered business in the buying and shipping of grain, its well- 
equipped elevators at Piper City having a capacity of 200,000 
bushels, and an adequate force of employes being retained. In the 
conduct of the enterprise the father, John A. Montelius, Sr., is still 
associated, though with advancing years he has to a large degree 
curtailed his executive activities. Joseph K. Montelius is eiifectively 
upholding the family reputation for broad-minded and liberal citi- 
zenship, is unwavering in his allegiance to the Republican party, and 
he and his wife are active members of the First Presbyterian church 
in their home village. He is affiliated with Piper Lodge, No. 608, 
Ancient Free & Accepted Masons, and with the same commandery 
of Knights Templars as is his honored father. He gives his influence 
and co-operation in all normal enterprises projected for the general 
good of the community and is a member of the Directorate of the 
First National Bank, of which he was formerly cashier. November 
30, 1898, was solemnized the marriage of Mr. Montelius to Miss 
Helen B. Stadler, a daughter of John Stadler, of Ford County, and 
they have seven children, namely: Harry A., Catherine L., Alfred 
F., Ruth E., Helen L., Miriam G. and John A., HI. 

Harry C. Moore. — LaSalle County, Illinois, has given an appre- 
ciable and valued quota to the membership of the Board of Trade 
of the City of Chicago, and a popular representative of this contin- 
gent is Mr. Moore, whose membership dates from the spring of 1914 
and whose business headquarters as a successful and well fortified 
commission merchant are maintained at Mendota, that county. Like 
many others who have gained individual success in the grain com- 
mission trade, he had previously gained valuable experience through 
connection with various firms in the capacity of telegraph operator 



234 HISTORY OF THE BOARD OF TRADE 

and office manager, so that in establishing his present business he 
did not begin operations as a novice. Mr. Moore was born at Webb 
City, Iowa, April 20, 1878, and is a son of William and Olina (Rem- 
ington) Moore, his father having been a skilled mechanic and having 
been employed as such at various places. Harry C. Moore acquired 
his early education in the public schools of Webb City and at 
the age of twenty years he there entered the service of the Western 
Union Telegraph Company. He was first a messenger and later 
a telegraph operator for this company, and after a period of four 
years he took the position of telegraph operator for the well known 
Chicago commission firm of Ware & Leland. He won merited 
promotion, was ambitious in gaining thorough knowledge of the 
various details of the business, and in 1905 he became manager and 
operator for the Cassidy Company in the same line of business. In 
1906 he severed this alliance and became manager of the Mendota 
office opened by the firm of Ware & Leland. He retained this posi- 
tion until September, 1910, when he associated himself with Hitch 
& Co., another of the well known firms represented on the Chicago 
Board of Trade, and this incumbency continued until he established 
his present independent business at Mendota, on the 1st of April, 
1914. In politics Mr. Moore gives staunch allegiance to the Repub- 
lican party and he is known as one of the progressive and public- 
spirited citizens and representative business men of the fine little 
city of Mendota. In a fraternal way he is affiliated with the Benevo- 
lent & Protective Order of Elks. Mr. Moore was married to Miss 
Emma Haag, a daughter of Leonard Haag. 

Watson S. Moore. — In the great grain trade of the Northwest 
the W. S. Moore Grain Company, of Duluth, Minnesota, holds pre- 
cedence as being one of the largest and most important grain export- 
ing concerns representing that phase of the all-important commercial 
and industrial enterprise, even as it is one of the oldest in the grain 
commission trade centered in the vigorous gate city at the head of 
Lake Superior. Of this company Watson S. Moore was the organ- 
izer, and he has been its President from the time of its incorporation. 
A man of broad and varied experience in the grain commerce of the 
Northwest, he is one of its most influential exponents in that sec- 
tion of the Union, besides which he is known as a steadfast and 
public-spirited citizen who is ever ready to lend his co-operation in 
support of measures advanced for the good of his home city. Of 
the company of which he is President and which bears his name 
E. A. Forsyth is Secretary and Treasurer. Watson S. Moore was 
born in Pennsylvania, on the 13th of November, 1867, and is a son 
of Rev. James G. and Caroline (Sadler) Moore, his father having 
been a man of high intellectual attainments and having been for 
many years a distinguished member of the clergy of the Methodist 
Episcopal church. He had various important charges, and continued 
his earnest and devoted labors in the ministry until his death, which 



OF THE CITY OF CHICAGO 235 

occurred in 1878, his wife surviving him by a number of years and 
their children having been five in number. Watson S. Moore ac- 
quired his early education in the public schools and began his asso- 
ciation with the grain business when he was a lad of thirteen years. 
He at this time assumed a minor clerical position in the office of 
the Secretary of the Baltimore Corn Exchange, and there he gained 
valuable experience. In this connection it is specially interesting to 
record that at the present time his name is enrolled on the list of 
members of the Baltimore Chamber of Commerce, and that through 
this medium he still keeps in touch with the city in which he 
acquired his original business experience. Mr. Moore was not yet 
seventeen years of age when, in 1884, he became a resident of Duluth, 
and during the long intervening years he has here continued his 
active association with the grain commission business, in connec- 
tion with which he has made his way forward to a position of 
definite prominence and influence. His independent operations as 
a representative of the grain business in Duluth have covered a 
period of many years and his success in the handling of a large vol- 
ume of business eventually made it expedient for him to amplify and 
further stabilize its function by eiTecting the organization of the 
W. S. Moore Grain Company, which was incorporated in 1911 and 
of which he has been President from the beginning, this company 
succeeding to the control of the substantial business that had previ- 
ously been developed under his aggressive and careful supervision. 
Mr. Moore is one of the members of the Duluth Board of Trade 
and the Minneapolis Chamber of Commerce, as well as the Balti- 
more Chamber of Commerce, and the Board of Trade of the City 
of Chicago. He has made good use of the advantages of the great 
Chicago organization, the most important of its kind in the world, 
and is one of its appreciative and popular members, one specially 
entitled to recognition in this history. In politics Mr. Moore has 
designated himself as an independent Republican, he is identified 
with leading clubs and other civic organizations in Duluth, and he 
and his wife hold membership in the Methodist Episcopal church. 
Carl B. Mueller. — The determined progressiveness and opti- 
mism that have constituted the keynote in the splendid harmony of 
civic and material advancement in the history of Chicago, have not 
been found lacking in the native sons whose ability and enterprise 
have led to their active and effective identification with the Board 
of Trade, and this is demonstrated anew in the case of Mr. Mueller, 
who is one of the alert younger members of the Board and who is 
proving a potent figure in the grain trade, as President of the Mueller 
& Young Grain Company. The offices of this company are main- 
tained at 140 West Van Buren Street and its well equipped grain 
elevator in Chicago is eligibly situated at the juncture of Fifty-fifth 
Street and the tracks of the Pittsburgh, Fort Wayne & Chicago 
Railroad. The company figures prominently in the cash grain trade 



236 HISTORY OF THE BOARD OF TRADE 

and its substantial business is handled with distinct progressiveness 
and circumspection, so that its operations are placed on a substantial 
and enduring basis. Mr. Mueller's membership on the Board of 
Trade dates from March, 1912, and he has proved himself fully- 
appreciative of its facilities and of the precedence which it grants. 
Mr. Mueller was born in Chicago on the 29th of August, 1888, and 
he is indebted to the public schools of his native city for his early 
education, which included the curriculum of the high school. He 
amplified his scholastic training by continuing two years as a 
student in Cornell University, at Ithaca, New York, and after his 
return to Chicago he held for six months a position as messenger 
and clerk in the Hamilton National Bank. He then entered the 
grain business, with which he has since been actively and success- 
fully identified, the Mueller & Young Grain Company, of which he 
is President, having been organized and incorporated in 1901. Mr. 
Mueller is popular in business and social circles in his native city 
and his name is still enrolled on the list of eligible young bachelors 
in Chicago. He is a member of the University Club, the Traffic 
Club, the Germania Club, the Chicago Automobile Club, and the 
South Shore Country Club. 

William R. Mumford. — It is specially gratifying to be able to 
accord in this publication specific recognition to those sterling busi- 
ness men who are consistently to be designated as pioneer members 
of the Board of Trade of the City of Chicago, and who have by char- 
acter and achievement lent dignity and distinction to that great 
organization of ponderous commercial influence. Such a member 
is William Rice Mumford, whose identification with the Board has 
covered a period of more than forty years and whose place in the 
confidence and esteem of its members is high and inviolable. Mr. 
Mumford has been a resident of Chicago since 1863, was one of the 
sturdy, courageous and determined business men who aided in the 
civic, commercial and material rebuilding of the city after the great 
fire which prostrated the urban community in 1871, and he has long 
held impregnable vantage-ground as one of the leading representa- 
tives in the grain, mill-feed and hay trade in the city that has been 
his home and the stage of his worthy and successful activities for 
more than half a century. He is still active in business, as head of 
the well known and influential firm of W. R. Mumford & Co., with 
offices at 140 West Van Buren Street, and no member of the Board 
of Trade is more entitled to recognition in this publication than this 
veteran man of affairs, who has held steadfast to the course of integ- 
rity and honor in all the relations of life and who has achieved suc- 
cess that is worthy of the name. William Rice Mumford is a scion 
of one of the sterling colonial families of America and was born at 
Wilkesbarre, Luzerne County, Pennsylvania, on the 5th of March, 
1842, a son of Lyman and Margaret (Rice) Mumford. His early 
education was acquired in the common schools and proved adequate 



OF THE CITY OF CHICAGO 237 

foundation for that broader discipline which he was later to gain 
under the preceptorship of that wisest of all head-masters, Experi- 
ence. He early associated himself with practical business affairs 
and later initiated an independent career. He finally engaged in 
the retail dry goods business at Utica, New York, where he con- 
tinued his activities along this line until 1863, when, shortly after 
attaining to his legal majority, he came to Chicago and numbered 
himself among its ambitious and progressive young business men. 
Here he engaged in the handling of grain, mill feed and hay, and 
with this basic line of business enterprise he has continued to be 
actively identified during the long intervening period of more than 
half a century, — years marked by earnest, persistent and effective 
endeavor on his part. His trade has been almost exclusively on a 
cash basis, he has dabbled but little in "futures" or speculative enter- 
prise, and thus his business has rested at all times on a stable and 
normal foundation. The firm of which he is now the executive head, 
that of W. R. Mumford & Co., dates its inception from the year 1865, 
and though he has now passed the psalmist's span of three score 
years and ten he retains pronounced physical and mental vigor 
and is still found actively supervising his substantial business affairs, 
—a veteran whose example is an incentive and inspiration to the 
younger generation. Mr. Mumford became a member of the Board 
of Trade in July, 1875, and has since continued one of its active, 
loyal and popular representatives, though he has not desired or held 
official position on the Board. He served one year as President 
of the Chicago Hay Receivers' Association, and for five years gave 
characteristically effective service as Secretary of the Chicago Feed 
Dealers' Association, of both of which organizations he has been a 
valued and influential member. As a citizen Mr. Mumford has shown 
a lively interest in all things touching the welfare and advance- 
ment of his home city and his influence and co-operation have been 
given in support of measures and enterprises projected for the gen- 
eral good of the community. He was formerly in active affiliation 
with the Royal Arcanum and the Independent Order of Odd Fel- 
lows, in the latter of which he held various official positions. Both 
he and his wife have long been active and zealous members of the 
Methodist Episcopal church, and they have an attractive home in the 
beautiful suburban city of Evanston. In the year 1871 was solemn- 
ized the marriage of Mr. Mumford to Miss Charlotte Elizabeth 
Hamilton, and they have three children : May Adele, is the wife of 
Clay Arthur Roney ; Clarence Rice, is engaged in business with his 
father, and Grace R., is the wife of Arthur Jay Smith. 

William E. Nailer. — One of the prominent and influential rep- 
resentatives of the grain-commission and stock-brokerage business 
in the city of Minneapolis is Mr. Neiler, who is the executive head 
of the W. E. Neiler Company, with offices at 109 South Fourth 
Street. The company is represented in membership in the Minne- 



238 HISTORY OF THE BOARD OF TRADE 

apolis Chamber of Commerce and the Board of Trade of the city 
of Chicago. In connection with his business he maintains private 
wire facilities touching the cities of Chicago, New York and Bos- 
ton, with membership in the New York Stock Exchange, and with 
the well known Chicago commission firms of Logan & Bryan, and 
Ware & Leland as correspondents. Mr. Neiler holds membership 
in the Minneapolis Clearing House Association, and is one of the 
progressive business men and citizens of his native city. He has 
developed a substantial and important commission and brokerage 
business, the same having been begun in 1908, and in his office he 
retains a corps of eight efficient assistants. Special attention is 
given to the listing of local securities and to curb copper stocks. 
The extensive grain business centered in Minneapolis finds in Mr. 
Neiler a vigorous and successful exponent, and it is pleasing to 
accord him recognition in this history of the Chicago Board of 
Trade, an organization of whose privileges and functions he is 
deeply appreciative. William E. Neiler is a scion of one of the old, 
honored and influential families of Minneapolis, in which city he was 
born October 26, 1863. He is a son of Samuel E. and Lavina (Jack- 
son) Neiler, and his father was not only one of the pioneers of Minne- 
apolis, but also became a prominent figure in the city's banking and 
general business activities. He was one of the prominent bankers 
of Minneapolis at the time of his death in 1913. He, whose name 
begins this review, gained in his youth the advantages of the paro- 
chial and public schools of his native city, and in the earlier stages of 
his business career he was associated with the banking interests of 
his father. He has been identified with the grain commission busi- 
ness since 1905 and, as previously noted, he established his present 
business in 1908. In politics he gives his allegiance to the Republi- 
can party, and he and his wife are communicants of the Catholic 
church. Mr. Neiler was married to Miss Judith T. Priselle, a daugh- 
ter of Nathan Priselle, of Minneapolis. 

Daniel E. Newhall. — By reason of its very geographical posi- 
tion, as an important entrepot on the Great Lakes, the city of Buf- 
falo, New York, has important commercial functions in connection 
with the grain trade of both the East and the West, and among the 
representative and veteran figures in the grain brokerage business 
in that city a place of priority and much influence must be accorded 
to Mr. Newhall, who has been engaged in this line of commercial 
enterprise for fully half a century, and who is the oldest representa- 
tive in Buiifalo to claim continuous membership on the Chicago 
Board of Trade, with which he has been identified since 1881 and 
among whose members he is well known and held in unqualified con- 
fidence and esteem. He is a member also of the Buflfalo Corn Ex- 
change, the Buflfalo Chamber of Commerce, the Buflfalo Produce 
Exchange, and the Milwaukee Chamber of Commerce, the last named 
being an important commercial organization in his native city. Mr. 



OF THE CITY OF CHICAGO 239 

Newhall was born in Milwaukee, Wisconsin, on the 4th of Septem- 
ber, 1846, and is a descendant of one of the honored and influential 
pioneer families of the Wisconsin metropolis. He is a son of Daniel 
and Mary M. (Teeney) Newhall, and his father was for many years 
one of the well known and prominent figures in the grain trade in 
Milwaukee and its surrounding districts. He was one of the vener- 
able and revered business men of that city at the time of his death in 
1903. After receiving the advantages of the common schools of his 
native city, Daniel E. Newhall was enabled to pursue a higher course 
of study in Racine College, at Racine, Wisconsin. As an ambitious 
youth he manifested his earnest desire to follow the line of busi- 
ness enterprise which has been dignified by the interposition of 
his father, and thus he gained his initial experience in the grain 
trade in his home city of Milwaukee, this phase of business having 
much engrossed his attention as a productive vocation since 
the year 1866. In 1867, he established himself in business as a 
grain broker in the city of BufTslo, and he has long been successful 
and a recognized authority in this field of enterprise in western 
New York. Mr. Newhall has shown the most vital loyalty and liber- 
ality as a man of affairs and as a broad-minded citizen, his political 
allegiance having been given uniformly to the Republican party, 
and he and his family hold memberships in the Presbyterian church. 
Mr. Newhall married Miss Anna S. Hayden, a daughter of William 
Hayden, and of the six children of this union all are living except one. 
George R. Nichols. — Distinctive resourcefulness has marked 
the career of Captain Nichols in connection with extensive and im- 
portant operations as an exponent of the commission grain business 
and as a member of the Board of Trade, of which representative com- 
mercial organization he has been a valued member since December 
7, 1878, and of which he has served as a director. His association 
with the grain brokerage trade in Chicago had its inception when 
he was a youth, and his advancement has been the result of his com- 
prehensive experience and his close and effective application. In 
the early years he was allied with the well known commission firm 
of S. H. McCrea & Co., which at that time held marked precedence in 
this field of enterprise and in its representation on the Board of 
Trade. In 1882 Mr. Nichols became a member of the firm of Young 
& Nichols, and he was largely instrumental in bringing the same to 
its position of prominence and influence as one of the strong and 
reliable concerns in the grain trade. With this firm he continued his 
association until 1908, when he retired from active business, since 
which time he has continued his membership in and maintained an 
earnest interest in everything concerning the welfare of the Board 
of Trade. He is one of the appreciative and progressive business 
men of the city that has been his home from his youth and in the 
public schools of which he continued his studies until he had com- 
pleted the curriculum of the high school. As a young man he served 



240 HISTORY OF THE BOARD OF TRADE 

with characteristic vigor and loyalty as a member of the Illinois 
National Guard, in which he rose to the office of captain of Com- 
pany K, First Regiment of Infantry, which has long been known 
as the "Dandy First," and the record of which is a matter of dis- 
tinct pride to the citizens of Chicago. He is affiliated with the Chi- 
cago Club and the Chicago Athletic Association, and both he and 
his wife hold membership in the Third Presbyterian church of 
Chicago. George Roseman Nichols was born at St. Johns, New 
Brunswick, on the 7th of April, 1853, and is a son of William Paul 
and Marion (Roseman) Nichols, who were residents of Chicago 
at the time of their death, and who came to Chicago in 1853. On the 
8th of February, 1883, was solemnized the marriage of Captain 
Nichols to Miss Mary G. Holmes, of Chicago, and they became the 
parents of two sons, of whom the elder, William Holmes Nichols, 
died at the age of twenty-one years. The younger son, George Rose- 
man Nichols, Jr., maintains his home in Chicago and is engaged in 
the manufacturing business. 

Oliver S. Nickels. — From the initiation of his association with 
practical business afifairs until the present time Mr. Nickels has been 
identified with the grain commission trade in Chicago, and here he 
has held since 1899 a seat on the Board of Trade. His business 
operations are now conducted entirely in an independent and indi- 
vidual way, his offices being in the Postal Telegraph Building, and 
through his energy, good judgment and progressive and reliable 
methods he has come into control of a substantial and representative 
commission business, the while he is a loyal and popular member 
of the Board of Trade and is well entitled to recognition in this 
history of that great commercial organization of the western 
metropolis. Mr. Nickels was born in the City of Aurora, Illinois, 
on the 6th of June, 1877, and is a son of Frederick K. and Caroline 
(Weise) Nickels. The major part of his early educational discipline 
was acquired in the public schools of Chicago, and in 1890 he entered 
the employ of C. A. Whyland, a commission merchant of the Board 
of Trade. He made advancement through his own ability and efforts 
and gained later a valuable experience during his association in turn 
with the firms of Carrington, Patton & Co., and C. H. Canby & Co. 
His individual operations as a commission broker were instituted in 
1906 and he is known as one of the able and successful brokers repre- 
sented on the Board of Trade. In the time-honored Masonic fra- 
ternity Mr. Nickels has received the maximum degrees of the York 
Rite, as a member of Siloam Commandery, Knights Templars, and 
is affiliated also with Medinah Temple of the Ancient Arabic Order 
of the Nobles of the Mystic Shrine. In a social way he is identified 
with the Chicago Athletic Association and the South Shore Country 
Club. On the 14th of June, 1900, was solemnized the marriage of 
Mr. Nickels to Miss Harriet B. Anderson, of Chicago, and they have 
one son, LaFern H. 



OF THE CITY OF CHICAGO 241 

James Norris. — A member of the Board of Trade since June 28, 
1899, Mr. Norris has been active and successful in his utilization of 
its privileges and functions and is a man whose ability and energy 
have given him prominence and influence in connection with the 
grain business in the western metropolis, where he is the executive 
head of the Norris Grain Company. James Norris was born in the 
city of Montreal, Canada, on the 10th of December, 1878, and is a 
son of James Sylvester Norris and Eleanor (Wand) Norris. He 
was afforded in his native city excellent educational advantages, 
including those of the high school and the Montreal Collegiate In- 
stitute. Mr. Norris since coming to Chicago has been virtually in 
uninterrupted assocition with the grain trade, through the medium 
of which he has achieved success worthy of the name. He was 
for some time connected with the commission firm of Richardson 
& Co., was later with Harris, Scotten & Co. He is now the execu- 
tive principal of the Norris Grain Company, which controls a sub- 
stantial and representative commission business. Mr. Norris holds 
membership in the Chicago Athletic Association, the Illinois Ath- 
letic Club, the Exmoor Country Club, the Swan Lake Club and 
the Chicago Automobile Club. His religious faith is that of the 
Protestant Episcopal church. On the 22d of December, 1903, was 
solemnized the marriage of Mr. Norris to Miss Ethel Carlisle 
Dougan, and she passed to the life eternal on the 1st day of July, 
1912, the one surviving child being James Dougan Norris. 

John H. Norris. — In July, 1914, Mr. Norris established himself 
as a grain commision merchant in the thriving little city of Hoopes- 
ton, Vermilion County, Illinois, and in the autumn of the same year 
he further fortified himself for successful enterprise along this line 
by acquiring membership in the Board of Trade of the City of Chi- 
cago. He is a young man of energy, ambition and progressiveness 
and prior to engaging independently in the grain business he had 
gained valuable experience of a practical order, so that his success 
in his chosen sphere of endeavor has come as a natural result. In 
connection with his association with the Board of Trade he is for- 
tunate in having as his Chicago correspondent the important and 
representative commission firm of Lamson Brothers & Co. He has 
developed a substantial business as a grain broker and at Hoopeston 
he is also the junior member of the firm of Burton & Norris, which 
here conducts a modern and well-equipped furniture store. A 
member of a family of three children, Mr. Norris was born at 
Hoopeston, December 5, 1884, and he is a son of Dr. John H. and 
Anna (Lukens) Norris, his father having been a representative 
physician and surgeon of Vermilion County at the time of his death 
and his widow being still a resident of Hoopeston. John H. Norris 
gained his early education in the public schools of his native city 
and as a youth he learned the trade of telegraphy. For some time 
he was employed as an operator in the office of the Western Union 



242 HISTORY OF THE BOARD OF TRADE 

Telegraph Company at Danville, Illinois, but his ambition finally led 
him to take a position with the well-known grain dealer, S. H. 
Greeley, of Champaign, this State. Later he was similarly associ- 
ated with W. N. Ferguson, of the same city, and this alliance con- 
tinued until he established his present independent business as a 
grain commission merchant at Hoopeston. In politics he gives his 
allegiance to the Republican party, and he takes most loyal interest 
in everything touching the welfare of his native city and county. In 
1911 was solemnized the marriage of Mr. Norris to Miss Olga 
Browne, daughter of Garrett Browne, of Hoopeston, and the two 
children of this union are John G. and Robert. 

William W. Norris. — Among those vigorous and far-sighted 
members of the Chicago Board of Trade who have here projected 
themselves gallantly into the realm of large and worthy achievement 
and proved effectively their powers as factors in the cash and specu- 
lative grain trade, William W. Norris must be accorded a place of 
prominence, in all of his many and varied operations as one of the 
captains of industry represented on the Board he has so carefully 
and honorably guided his course as to aid in upholding the high 
prestige of that aggressive and important body, his membership 
having covered a period of nearly thirty-five years. Mr. Norris 
claims the fine old Empire State as the place of his nativity, and 
came with his parents to Illinois when he was about three years of 
age. He was born at Clymer, Chautauqua County, New York, on 
the 30th of January, 1853, and is a son of William W. and Theodocia 
(Phinney) Norris, who likewise were natives of New York State and 
were residents of Marengo, Illinois, at the time of their death, the 
father having given the greater part of his active career to the voca- 
tion of merchant. He was also an extensive traveler, a keen observer 
and consequently a man of wide intelligence. Mr. Norris attended the 
public schools of Marengo until he had completed the curriculum 
thereof, and later attended the old Chicago University for one year, 
after which he entered the ranks of the pedagogic profession, as a 
representative of which he was a successful teacher in the district 
schools of McHenry County, an experience whose dignity and more 
or less austere prerogatives he may refer to as one of the distinctive 
earlier phases of his career. In search of a broader and more attrac- 
tive field of endeavor Mr. Norris came in 1875 to Chicago ; here his 
advancement has represented the direct result of his own ability, 
close application and steadfast purpose. His membership on the 
Board of Trade had its inception in 1882 and during the long period 
of intervening years he has continued appreciative of the best ideal 
and powerful functions of this organization, in which is centered 
much of the gigantic financial and industrial interests of the western 
metropolis. His activities have touched normally and legitimately 
both the cash and speculative departments of the grain trade, his 
knowledge concerning which has become broad, exact and authorita- 



OF THE CITY OF CHICAGO 243 

tive. From 1886 to 1900 Mr. Norris found an assured field of activity 
through his association with the firm of G. H. McCrea & Co. from 
the latter year to 1916 he has continued in the commission trade 
as head of the firm of W. W. Norris & Co. He now finds definite 
prestige through his identification with the Albert Dickinson Com- 
pany, a leading seed firm, and the William Nash Company, of which 
latter he is secretary. Mr. Norris has entered fully into the strong 
current of commercial life in Chicago and has proved himself most 
appreciative and loyal as a citizen ; though he has had no desire 
to enter the arena of practical politics or to seek the honors of public 
office. He is an active and popular member of the Illinois Club at 
113 South Ashland Avenue and the year 1916 finds him giving a 
careful administration as President of this representative social 
organization. He has at the same time the distinction of being 
First Vice-President of the Empire State Society of Chicago. Both 
he and his wife attend the Protestant Episcopal Church of the 
Epiphany at the corner of Ashland Boulevard and Adams Street. 
On the 5th of October, 1884, at Milwaukee, Wisconsin, was solemn- 
ized the marriage of Mr. Norris to Miss Nellie Lilley. They have 
two daughters, Helen, who remains at the parental home, and Kath- 
erine, who is the wife of Fred D. Coambs. 

C. Jay Northup. — Active membership in the Board of Trade 
has been maintained by Charles J. Northup since June, 1887, and 
within the intervening years he has become a prominent and influ- 
ential representative of the grain commission business, of which 
he has been a successful exponent in an individual or independent 
way since his retirement, in the autumn of 1914, from the well- 
known firm of Hulburd, Warren & Chandler, his withdrawal from 
this alliance having taken place shortly after the death of his hon- 
ored coadjutor, Mr. Warren. Mr. Northup was born at Rome, 
Oneida County, New York, on the 14th of April, 1862, and is a 
son of Charles and Helen Eliza (Bradt) Northup, his father having 
served with marked distinction as a gallant soldier of the Union 
during the Civil War, in which he held the office of Major of the 
Ninety-seventh New York Volunteer Infantry. After having 
availed himself of the advantages of the public schools of his native 
place Mr. Northup there prosecuted a higher course of study in 
Rome Academy. After leaving school he found employment in 
an insurance office at Rome, and in 1879, at the age of seventeen 
years, he came to Chicago, where for the ensuing three years he 
was associated with the wholesale grocery business. He then en- 
tered the employ of the great meat-packing concern of Armour 
& Co., with which he continued his alliance until 1886. He then 
became associated with his uncle, the late Willett Northup, one of 
the old, honored and influential operators on the Board of Trade, 
and it was under specially auspicious conditions that he initiated his 
active career in the grain commission business. He eventually be- 



244 HISTORY OF THE BOARD OF TRADE 

came a member of the firm of Hulburd, Warren & Co., which later 
assumed its present title, that of Hulburd, Warren & Chandler, 
retiring from this firm in 1914 upon the death of Mr. Warren. He 
is a member of the Chicago Athletic Association and the Flossmoor 
Country Club, and he and his wife are members of the Presbyterian 
church. On the 26th of May, 1885, was solemnized the marriage 
of Mr. Northup to Miss Georgia Helen Menzies, of Wallingford, 
Vermont, and their only child is a daughter, Helen M. 

David A. Noyes. — Among the reliable and progressive brok- 
erage firms found represented on the Board of Trade of the City 
of Chicago is that of Noyes & Jackson, and in his successful activities 
the senior member of the firm, David Allan Noyes, is fortified by 
an experience that has involved association with the Board since 
his youth. He is one of the steadfast and popular exponents of 
the commission trade in Chicago and has been a constituent mem- 
ber of the Board of Trade since 1890, and he served one year as a 
member of its Directorate. Mr. Noyes was born at La Porte, Indi- 
ana, on the 7th of March, 1867, and is a son of Rev. George C. Noyes, 
D. D., and Eliza Ellen (Smith) Noyes, his father having been an 
able and influential Presbyterian clergyman. The family moved to 
Evanston, Illinois, in 1868 and David A. Noyes completed a course 
in the high school of that city in 1885. In 1886, when nineteen years 
of age, he became associated with the commission grain trade and 
incidentally with the operations of the Board of Trade of Chicago. 
His experience has run the full gamut in this connection and his 
advancement from mere clerical position to that of a representative 
member of the Board and of the great cash and speculative trade 
in grain has been gained through close application and ambitious 
effort. In earlier years he was in turn associated in the commission 
business with Arthur Orr, with Carrington, Hannah & Co., with 
J. F. Harris, and with Finley Barrell & Co. The firm of Noyes & 
Jackson, of which he is senior member, was formed in 1908, and 
his partners are William C. Jackson, Louis J. Weigle and Solomon 
Sturges. Appreciative of all that the great city of Chicago repre- 
sents in commercial, industrial and civic Hnes, Mr. Noyes is most, 
loyal and progressive as a citizen. He holds membership in the 
Chicago Club, the Chicago Athletic Association and the Glen View 
Country Club. On the 4th of August, 1892, Mr. Noyes married 
Miss Emma Reed BulHs, and he resides at the Glen View Club, Golf, 
Illinois. 

Edward H. Noyes. — The late Edward Horatio Noyes was a 
man whose character and services gave him honorable prominence 
and prestige in connection with the operations of the Board of Trade 
of the City of Chicago, and he was one of those strong, vigorous 
and resourceful men whose interposition tended to lend dignity to 
the great commercial organization with which he was actively 
identified for a long term of years and through the medium of which 





^^i.-ix-^-^ . 0/ _ 




OF THE CITY OF CHICAGO 24S 

he achieved definite success as one of the influential exponents of the 
grain commission business in the western metropolis. He was one 
of the veteran and highly honored members of the Board at the 
time of his death, and to those familiar with his character and labors 
there must appear a measure of consistency in the fact that he liter- 
ally died while still in the harness, and that on the very stage of his 
prolonged and worthy business activities. On the 23rd of Novem- 
ber, 1915, while on the floor of the Board of Trade, Mr. Noyes was 
suddenly stricken with angina pectoris, and he was conveyed to the 
office of the Secretary of the Board, where he expired a few minutes 
later, his death having caused a profound sense of loss and sorrow 
on the part of his fellow members, who had ever valued him as the 
noble man, the staunch friend and the upright and successful busi- 
ness man. At the time of his demise he was not only one of the 
best known commission merchants represented on the membership 
roll of the Board of Trade, but he was also specially honored as a 
veteran of the Union service in the Civil War. Viewing the clear 
perspective of his honorable and useful life and mindful of the posi- 
tion he long maintained in connection with the civic and business 
life of the city of Chicago, it is specially consonant that in this publi- 
cation be entered a tribute to his memory and a brief review of his 
career. Edward Horatio Noyes was born in the historic old town 
of Brattleboro, Windham County, Vermont, on the 18th of Septem- 
ber, 1844, and thus at the time of his death he had passed the Psalm- 
ist's span of three score years and ten. He was a son of Horatio 
Smith Noyes and Mary A. (Chandler) Noyes, and in both the 
paternal and distaff lines was a scion of fine old colonial stock in 
New England. In the common schools of the old Green Mountain 
State he acquired his early educational discipline, and this was 
effectively supplemented by a higher academic course of study in 
Norwich University, a semi-military institution, at Northfield, Ver- 
mont. His father was cashier of the only bank then existing at 
Brattleboro, and his mother was a daughter of Hon. David Chandler, 
of Saxtons River, Vermont, who was a lineal descendant of William 
Chandler, the latter having come from England and settled at Rox- 
bury, Massachusetts, in 1637. Mr. Noyes was a youth of about 
seventeen years at the inception of the Civil War, and his patriotic 
loyalty found expression when he tendered his aid in defense of the 
Union by enlisting in the Seventh Squadron of the Rhode Island 
Cavalry. With this gallant command he proceeded to the front and 
with the same he continued in service until 1864, when he received 
his honorable discharge. In later years he manifested his continued 
interest in his old comrades by his appreciative affiliation with the 
Grand Army of the Republic, in which he was a member of George 
H. Thomas Post, Chicago, from virtually the time of its organization 
until his death. In 1864, as a steadfast and ambitious young man of 
twenty years, Mr. Noyes came to Chicago, and here he retained 



246 HISTORY OF THE BOARD OF TRADE 

until 1869 a position with a leading commision house. He then be- 
came one of the active members of the Board of Trade and estab- 
lished himself independently in the grain commission business. In 
1879 he organized and became the executive head of the firm of E. H. 
Noyes & Co., and under this title he conducted a substantial and 
successful commission business until 1905, when the firm name was 
changed to Marfield, Tearse & Noyes, with which he continued to be 
actively identified as a principal and valued advisor until the time 
of his death. Of all that makes for loyal and liberal citizenship 
Edward H. Noyes stood distinctly exemplar, and he was known as 
a man of fine mental ken and well-fortified convictions. He was 
steadfast in his allegiance to the Republican party, kept in close 
touch with the thought and sentiment of the hour and in his later 
years, consonant with his status as a veteran of the Civil War, he 
was a staunch advocate of national preparedness along military 
lines. An appreciative tribute appeared at the time of his death in 
a paper published in his native town, and the concluding statement 
of this estimate was as follows : "He was uniformly esteemed 
among his many business associates and friends, fondly devoted to 
his family, and was an upright citizen of unblemished character." 
On the 4th of October, 1870, was solemnized the marriage of Mr. 
Noyes to Miss Mary C. Hamilton, daughter of the late John G. Ham- 
ilton, a representative citizen of Chicago, and Mrs. Noyes still sur- 
vives her honored husband, as do also their two sons and five 
grandchildren, all residents of Chicago. Mr. Noyes is survived also 
by two half-brothers, Colonel Charles Rutherford Noyes, of the 
United States Army, and William S. Noyes, of Chicago. Of William 
H. Noyes, elder of the two sons of the honored subject of this 
memoir, individual mention is made following this sketch, and 
the younger son, Albert Hamilton Noyes, is Secretary & Treasurer 
of the Ayer & Lord Tie Company, of Chicago. 

William H. Noyes. — As a commission merchant and a member 
of the Board of Trade of his native city Mr. Noyes could ask no 
greater distinction than to uphold the prestige long enjoyed by his 
honored father, the late Edward H. Noyes, to whom a memoir is 
dedicated on other pages of this publication. In his activities as a 
member of the Board of Trade Mr. Noyes is well upholding the 
honors of the name which he bears and he is now connected with the 
important and influential brokerage firm of A. O. Slaughter & Co., 
which controls a representative stock and bond business as well as 
an extensive commision trade in grain, cotton and coflfee, with offices 
in both Chicago and New York City. William Hamilton Noyes was 
born in Chicago on the 11th of March, 1877, and is the elder of the 
two sons of Edward H. and Mary Cornelia (Hamilton) Noyes. In 
the public schools of his native city he continued his studies until his 
graduation in the Hyde Park High School, as a member of the class 
of 1895, and soon afterward he assumed the position of office boy for 



OF THE CITY OF CHICAGO 247 

the Board of Trade firm of Hately Brothers, with which he con- 
tinued his alliance until 1899 and with which he won advancement 
to the position of provision buyer. From 1899 to 1903 he was em- 
ployed by the McReynolds Company, grain merchants, as its floor 
manager on the Board of Trade, and in August of the latter year 
he initiated his independent activities in the grain commission busi- 
ness. In the following December he became associated in business 
with James R. Godman, and continued in business under the firm 
name of Noyes & Godman. This alliance obtained until 1905, when 
Mr. Noyes became one of the partners of the firm of Hulburd, War- 
ren & Chandler, but in 1906 he effected the organization of the firm 
of Marfield, Griffith & Co., of which he became Secretary. Later he 
served in a similar capacity with the reorganized firm of Marfield, 
Tearse & Noyes until 1909, when he formed an alliance with King, 
Farnum & Co. With this concern he continued his active associa- 
tion for some time, when he formed his present important alliance 
with the representative firm of A. O. Slaughter & Co. He has been a 
member of the Board of Trade many years, and his loyalty, zeal and 
efficiency as a factor in the operations of this great commercial body 
have given him secure vantage ground in the confidence and esteem 
of his fellow members. In politics Mr. Noyes is a staunch Repub- 
lican, his religious faith is that of the Presbyterian church, and he 
holds membership in the Chicago Club and the Chicago Athletic 
Association, his home being in the attractive suburban village of 
Elmhurst. On the 1st of March, 1904, Mr. Noyes wedded Miss May 
Wells, of Chicago, and they have two children — William Hamilton, 
Jr., and Mary Wells. 

Frank P. O'Brien. — The Board of Trade of the City of Chicago 
claims as one of its representative members in the capital city of 
Illinois the well-known broker whose name introduces this para- 
graph and who controls at Springfield a substantial business as a 
broker in stocks, grain, provisions, etc., with private wire facilities 
connecting his offices with St. Louis, Chicago and New York. He 
has held membership on the Chicago Board of Trade since 1902, 
and is one of its popular and enterprising representatives in his 
chosen field of operations. Mr. O'Brien was born at Springfield, 
III., July 18, 1866, and is a son of Dennis and Marcella (O'Brien) 
O'Brien, his father having been for many years identified with rail- 
road operations and having thus continued until his death, which 
occurred in 1905. Frank P. O'Brien acquired his early education in 
the parochial and public schools and as a youth he learned the trade 
of telegraphist, his services as an expert telegraph operator having 
continued until the year 1899, when he became associated with W. H. 
Reed, who was at the time a prominent exponent of the grain trade 
at Springfield. Mr. O'Brien continued his services as chief clerk 
and telegraph operator with Mr. Reed's firm until 1902, when he 
established his present independent brokerage business. A number 



248 HISTORY OF THE BOARD OF TRADE 

of years ago he was actively identified with the newspaper business 
in Chicago, his ability as a telegraph operator having made his ser- 
vices in such connection especially effective. He has been essen- 
tially one of the world's productive workers and has achieved success 
and independence entirely through his own ability, integrity of pur- 
pose and well-directed endeavors. He is known and valued as one 
of the progressive business men and loyal and public-spirited citizens 
of Springfield and has a coterie of staunch friends among the mem- 
bers of the Chicago Board of Trade, which has given him unrivaled 
facilities in the development of his grain commission business, of 
which he is now a leading representative in the central part of 
Illinois. 

George G. Omerly. — The President of the Hancock Grain Com- 
pany, one of the influential concerns in the commission grain busi- 
ness in the City of Philadelphia, Mr. Omerly represents his company 
as a member of the Board of Trade of the City of Chicago, and his 
prominent status in connection with the grain commerce of the his- 
toric old Keystone state makes it specially gratifying to be able 
to accord to him consistent recognition in this history of the great 
commercial body with which he has identified himself in Chicago. 
Mr. Omerly, a member of a family of three children, was born in 
Philadelphia, in December, 1864, and is a son of George G. and 
Frances (Ruby) Omerly, representatives of old and honored Penn- 
sylvania families. George G. Omerly was for many years one of the 
successful merchants and prominent and honored citizens of Phila- 
delphia, where he continued his association with mercantile enter- 
prise until the time of his death. He, whose name introduces this 
article, is indebted to the public schools of his native city for his 
early education, and shortly after leaving the high school he became 
identified with the grain business, in connection with which he has 
pressed forward to the goal of large and successful achievement, as 
indicated by the influential position which is now his as President of 
the Hancock Grain Company and as one of the members of the Phila- 
delphia Commercial Exchange, besides which he holds a member- 
ship in the New York Produce Exchange. Mr. Omerly has been 
steadfast in his allegiance to the Republican party and has given 
effective service in the promotion of its cause. He is a member of 
the Germantown Republican Club, in the fine suburban district of 
Germantown, where he maintains his residence and where he is an 
active member also of the Germantown Automobile Club, besides 
which he is a member of the Union League Club of Philadelphia, 
both he and his wife being communicants of the Protestant Episco- 
pal church in Germantown. Mr. Omerly was married to Miss Mar- 
guerite Dihel, a daughter of Thomas Dihel, of Philadelphia, and 
three children have been born of this union. 

Fred A. Paddleford. — The youthful novitiate of the active busi- 
ness career of Fred Adams Paddleford was one of brief association 



OF THE CITY OF CHICAGO 249 

with a lumber concern, and upon severing this connection he became 
concerned with the commission grain business and with the opera- 
tions of the Board of Trade. His initiation in this important field 
of commercial enterprise occurred in June, 1882, and it may readily 
be understood that the passing years have given him broad and 
varied experience and made him an expert and virtual authority in 
all details of the grain trade as represented in the operations of the 
great commercial body, the Board of Trade of the City of Chicago, 
of which he has been an active member since February 3, 1896. He 
has been a resident of Chicago since boyhood and in his civic atti- 
tude and business activities he has fully exemplified the progressive 
spirit that has significantly animated the vigorous metropolis of the 
west. Fred Adams Paddleford was born at Janesville, Wisconsin, 
on the 17th of June, 1866, and is a son of Lorenzo S. and Jennie 
Elizabeth (Gleason) Paddleford, who were pioneers of that state and 
representatives of sterling families that were founded in America 
in the colonial era of our national history. In the public schools 
Fred A. Paddleford continued his studies until he had completed 
the curriculum of the grammar school, and he was but sixteen 
years of age when he began his services, in a minor clerical capacity, 
with one of the prominent commission firms represented on the 
Chicago Board of Trade. His advancement was won by ability and 
close application and for a long term of years he has conducted an 
independent and substantial grain commission business, under the 
title of F. A. Paddleford. His offices are maintained in the Board 
of Trade Building and he has been loyal and zealous in supporting 
the best traditions and the progressive policies of the Board, among 
whose members his popularity is of the most unequivocal order. 
In former years Mr. Paddleford was actively and appreciatively con- 
nected with the Illinois National Guard, in which he was first iden- 
tified with the Fourth and later the First Regiment of Infantry. He 
rose to the rank of first lieutenant, an office of which he was the in- 
cumbent from March, 1890, until the 4th of the following December, 
and he is now a member of the veteran corps of the First Regiment. 
His political allegiance is given to the Republican party, and he 
holds membership in the Chicago Athletic Association and the Wis- 
consin Society of Chicago. On the 15th of October, 1889, was sol- 
emnized the marriage of Mr. Paddleford to Miss Mary Maynard 
Hubbard, and their only child is Helen Gertrude, who is now the 
wife of Raymond E. Duplessis, of Chicago. 

Lee W. Pardridge.— In February, 1916, Lee Wellington Pard- 
ridge resumed his active association with the Board of Trade, as 
one of its vital and popular younger members and as one who had 
previously shown success proclivities in connection with this great 
commercial organization of his native city. In his activities as a 
broker on the Board of Trade he is upholding the prestige of the 
family name, which has been one of marked prominence and influ- 



250 HISTORY OF THE BOARD OF TRADE 

ence in connection with civic and business affairs in Chicago. Mr. 
Pardridge was born in Chicago on the 30th of October, 1887, and 
is a son of Charles A. and Mary Gertrude (Lee) Pardridge, his 
father having long been a prominent member of the Board of Trade 
and his grandfather, Charles Wellington Pardridge, having been 
for many years one of the prominent and influential merchants and 
real estate dealers of Chicago. After having passed through the 
progressive grades of the public schools of his native city and com- 
pleted a course in the University High School, Mr. Pardridge was 
for two years a student in the University of Chicago. On the 7th 
of July, 1909, shortly after attaining to his legal majority, Mr. 
Pardridge became a member of the Board of Trade, and for the 
first year he was associated with the grain commission firm of W. 
H. Lake & Company. He then engaged in the commission business 
in an independent and individual way and under these conditions 
he continued his operations about two years. He retired from his 
activities on the Board of Trade about the close of the year 1912, 
but in February, 1916, he resumed his connection therewith. Mr. 
Pardridge is a member of the Chicago Athletic Association and of 
the Alpha Delta Phi college fraternity. In February, 1916, was 
solemnized his marriage to Miss Jane Dempsey, of Chicago, and they 
are popular factors in the representative social circles in which they 
move. 

Norman H. Perrin. — After a period of prolonged and effective 
service with the Western Union and the Postal Telegraph com- 
panies Mr. Perrin turned his attention to the brokerage business 
and he has become one of the successful and vigorous representatives 
of this important line of enterprise in the city of Chicago. His oper- 
ations, as junior member of the firm of Massey & Perrin, include 
a general brokerage business in which special attention is given to 
the handling- of high-grade mining stocks, bank stocks and invest- 
ment stocks, besides which the firm controls a substantial and repre- 
sentative grain commission business, Mr. Perrin having been a 
member of the Board of Trade since 1914. Mr. Perrin was born at 
Bradford, Simcoe county, Province of Ontario, Canada, on the 27th 
of January, 1864, and is a son of Hiram and Catherine (Dent) Per- 
rin. His early educational advantages were those afforded in the 
public schools of his native province, and as a boy he became a 
telegraph messenger at Bradford for the Montral Telegraph Com- 
pany. He showed marked facility in acquiring a knowledge of the 
art of telegraphy, as is shown by the fact that at the expiration 
of one year he was sufficiently expert to be promoted to the position 
of assistant operator. Finally he went to Buffalo, New York, and 
entered service as an operator in the employ of the Western Union 
Telegraph Company. In 1881 he came to Chicago and entered the 
employ of the Mutual Union Telegraph Company, with which he 
continued until 1883, when he entered the offices of the Western 



OF THE CITY OF CHICAGO 251 

Union Telegraph Company. The estimate placed upon him by this 
great corporation was eventually shown in his advancement to the 
responsible position of office manager in Chicago, and of this post 
he continued the incumbent until 1900, when he identified himself 
with the brokerage business. He was associated with various repre- 
sentative brokerage concerns until 1904, when he formed an alliance 
with Harry A. Massey, with whom he has since continued his part- 
nership association, under the firm name of Massey & Perrin. The 
business of the firm has been largely in the handling of high-class 
securities, and it has direct representation on the Chicago Stock 
Exchange as well as the Board of Trade. Mr. Perrin is a Demo- 
crat in his political allegiance, is affiliated with the Masonic fra- 
ternity and the National Union, and holds membership in the Ber- 
wyn Club. On the 7th of October, 1883, was solemnized the mar- 
riage of Mr. Perrin to Miss Marie Casey, of Chicago, and they have 
three children. Marie, Leslie and Charles. 

Wilson H. Perrine. — One of the essentially representative and 
influential concerns in the grain commission trade in Chicago is 
the corporation of which Wilson Hamilton Perrine is president and 
which carried forward its operations under the title of W. H. Per-- 
rine & Company, with offices at 140 West Van Buren street. The 
functions of the corporation thus designated involve a commission 
business in both cash and futures, and include the operation of its 
own chain of country elevators, the enterprise being one of wide 
scope and importance and one guided and governed by the strictest 
code of reliability and consistent conservatism. Mr. Perrine's ex- 
perience in the grain business has been protracted and varied and 
has given to him authoritative status in connection with this im- 
portant phase of commercial activity. Mr. Perrine was born in 
Steuben county. New York, on the 24th of April, 1866, and is a son 
of WMlliam Willson Perrine and Mary (Brown) Perrine, who re- 
moved to the state of Missouri when he was a child, the major part 
of the father's active business career having been one of close and 
effective association with farming. In the public schools of Cam- 
eron, Clinton county, Missouri, Mr. Perrine acquired his earlier edu- 
cational discipline, which was supplemented by the best advantages 
of higher academic order. His studies were continued in turn in 
Williston Seminary, at Easthampton, Massachusetts ; Dansville 
Seminary, at Dansville, Livingston county. New York, the high 
school at Amherst, Massachusetts, and historic old Amherst Col- 
lege, in which he was graduated as a member of the class of 1888 
and from which he received the degree of Bachelor of Arts. 

Shortly after leaving college Mr. Perrine assumed a clerical 
position in the American National Bank of Kansas City, Missouri, 
and in this representative institution he held the office of teller 
until 1893, when he initiated his active association with the grain 
business, in which it has been his to gain distinctive success and 



252 HISTORY OF THE BOARD OF TRADE 

prestige. From 1893 to 1896 he was allied with the firm of Davison 
& Smith, prominent grain merchants in Kansas City, and in the lat- 
ter year he engaged in the same line of enterprise in an independent 
way, as a member of the firm of Perrine Brothers. This alliance 
continued, with headquarters in Kansas City, until 1900, when Mr. 
Perrine came to Chicago and formed a connection with Richardson 
& Company, in charge of whose cash grain department he continued 
until 1904, when he assumed a similar position with the Harris- 
Scotten Company. In this connection he continued his well ordered 
activities until 1906, when he formed the firm of W. H. Perrine & 
Company, which is incorporated under the laws of the state and of 
which he is president. His administration has been marked by 
progressive policies and scrupulous regard for the interests of all 
clients, and the business brought to the front rank in the immense 
grain commission trade that is centered in Chicago. The business, 
organized and operated at first in a limited way, proved remarkably 
successful from the start, the rapid growth and expansion which 
followed rendering necessary greatly increased facilities, which are 
in part represented by the maintenance to-day of a leased private 
wire from Chicago to St. Louis, while there have been established 
by the company branch offices in six of the principal grain centers 
of the state, besides which provision has been made for augmenting 
this number in the near future. In addition to his activities in con- 
nection with the house which bears his name, Mr. Perrine has found 
time and opportunity to apply constructive effort elsewhere. In 
1909 he organized the well-known grain and commission house of 
Rumsey, Moore & Company, with headquarters at Peoria, Illinois, 
and he has served as its president since its organization. He is also 
secretary of the Prairie State Grain Elevator Company, of Chicago. 
Mr. Perrine has held membership on the Board of Trade since 
January, 1900, and is one of the loyal and popular contingent that 
has been influential in the directing of the affairs of this important 
institution, of which he served as a director for two terms, besides 
which he was for a period of five years a member of the committee 
of appeals of the State Grain Inspection Commission. Mr. Perrine 
is fully appreciative of the functions and privileges of the Board 
of Trade and among its members his personal popularity is of un- 
equivocal order. As a citizen he is thoroughly en rapport with the 
progressive spirit that animates Chicago, and he takes a lively in- 
terest in all things that tend to advance the city along both civic 
and material lines. He maintains his home in the beautiful sub- 
urban city of Evanston, and the attractive family residence, at 1130 
Lake Shore Drive, is a center of gracious hospitality of much repre- 
sentative social activity. He holds membership in the University 
Club of Evanston and the Glen View Golf Club, besides which he 
is afifiliated with the Delta Upsilon fraternity of his alma mater, 
Amherst College, where he held the office of the president of the 



OF THE CITY OF CHICAGO 253 

chapter of this organization during his senior year. He and his 
family hold membership in the Second Presbyterian Church of 
Evanston. On the 23rd of November, 1899, was solemnized the 
marriage of Mr. Perrine to Miss Grace Morgan Halbert, of Kansas 
City, Missouri, and they have one daughter, Sarah Gertrude. 

Bemhard Pfaelzer. — Success in any calling is an indication of 
close application and industry, and the world is made better by the 
life of every successful man. Among those active in business circles 
of Chicago to-day who have established a substantial reputation 
for integrity, and achieved honorable success on the board of Trade, 
none is more worthy of mention in a work of this character than 
Bemhard Pfaelzer, founder and executive head of the firm of Bern- 
hard Pfaelzer & Sons, commission merchants and dealers in grain, 
hay and millstuff. His rise to distinction is the result of his own 
efforts, and his career demonstrates what a man can do if he has 
pluck and perseverance. Mr. Pfaelzer was born in Laudenbach, 
Grand Duchy of Baden, Germany, April 26, 1856, a son of Moses 
and Hannah (Daube) Pfaelzer. He comes of old established fam- 
ilies prominent in the history of Germany for many generations, and 
he fully exemplifies the alert, enterprising character for which the 
German race has always been noted. He had the advantage of a 
good education, his scholastic training being that of private schools 
and Weinheim (Baden) Gymnasium. Soon after his graduation 
from the latter institution, in 1872, he became associated with his 
father in the grain business at Laudenbach, Germany, and he con- 
tinued in active commercial pursuits at that place for ten years, 
meanwhile serving three years in the German army, being attached 
to the Second Baden Grenadier Regiment (Manheim), Kaiser Wil- 
helm No. 110. Like many ambitious young men of that country, 
Mr. Pfaelzer was greatly impressed by the flattering stories he had 
heard of America, and through the influence of his brother, David 
M. Pfaelzer (late Assessor of Cook county) who was then living in 
Chicago, he decided to cast his lot with the western metropolis. 
Accordingly, in 1882, he bade adieu to the Fatherland and sailed for 
the United States, coming direct to Chicago. Soon after settling in 
this city he established himself in his present business at the Union 
Stock Yards, and has since been prominently identified in this field 
of activity. For thirty-four years his time and energy have been 
devoted to the building up of the enterprise with which he is asso- 
ciated, and his name in connection with any transaction has always 
been a guaranty for straightforward and honorable dealing. Dur- 
ing this entire period he has done business within a block of where 
he first located in 1882, and the doors of his business house have 
constantly been open to the public. Being a thorough business man, 
and a scholar capable of mastering the English language, he soon 
built up an extensive trade, and has become one of the substantial 
and influential men of the city. On January 18, 1887, Mr. Pfaelzer 



254 HISTORY OF THE BOARD OF TRADE 

was united in marriage with Miss Carrie Keim, of Chicago, a daugh- 
ter of Zachariah and Eva (Kohlman) Keim, she being a woman 
of high character and active in all good work. To Mr. and Mrs. 
Pfaelzer were born two sons and a daughter. The sons are both 
active business men of this city, Frederick M., the elder, being asso- 
ciated with his father in the firm of Bernhard Pfaelzer and Sons, 
while Jerome L. is engaged in the men's furnishing business with 
his father-in-law, Albert Hoefeld. The former is a graduate of 
Armour Institute of Technology, receiving his degree of Bachelor of 
Science from that institution in 1910, while the latter is a graduate 
from the Chicago high school, and also a student of the Armour 
Institute of Technology. The daughter, Evelyn H. Pfaelzer, is at 
home with her parents, and is also in school. The family home for 
many years has been at 4926 Washington Park Court. It is a hos- 
pitable one, where good cheer abounds, and where Mr. Pfaelzer's 
numerous friends are always welcome. Although quiet and un- 
assuming in manner, Mr. Pfaelzer is recognized as a man of earnest 
purpose and progressive principles. He has always stood for the 
things that are right, and for the advancement of citizenship, and 
is interested in all that pertains to modern improvements along 
material, intellectual and moral lines. While he takes no active 
part in politics, he is interested in political reform, and always casts 
the weight of his influence in support of men and measures working 
for the public good. He is a member of the Chicago Board of Trade, 
having joined that organization September 14, 1896, and of the 
Chicago Live Stock Exchange. He is also identified with the Ma- 
sonic fraternity and the Jewish church. 

George H. Phillips. — In the history of the Board of Trade of 
the City of Chicago are revealed many dramatic chapters and spec- 
tacular features, and across the bridge created by success have fre- 
quently passed the weary feet of misfortune. George Harshaw 
Phillips was a young man who contributed such a dramatic chapter 
to the history of this great commercial organization, and even as 
his success was spectacular so were his ultimate financial reverses of 
no equivocal order, though the same were the result of existing 
conditions rather than lack of individual ability and steadfast and 
honorable purpose. He was one of an appreciable number who were 
caught between the upper and nether millstones of inopportune 
conditions, and, like many another, he came to a realization that 
the mills of the financial gods grind exceedingly small. Through 
his operations on the Board of Trade George H. Phillips won the 
title of "corn king," and though his fortunes later waned, he lived 
true to his ideals until the end of his life and was in the very prime 
of his manhood when he was summoned to eternal rest, his death 
having occurred on the 17th of February, 1916. Much is implied 
when such an estimate is given as that voiced in the following quo- 
tation from the American Elevator & Grain Trade of May 15, 1916: 



OF THE CITY OF CHICAGO 255 

"In the ultimate, man is measured by character, not by money. 
Through his successes and failures George H. Phillips will be re- 
membered as a helpful, courteous and kindly nature, a frank and 
loyal spirit, and, above all, a man who was constantly true to his 
friends. He possessed in large degree those qualities of honor that 
make the sum of enduring things, and therein must be seen his 
success. It will be in these things that he will remain in the memory 
of his friends; not that he made a fortune and lost it." George H. 
Phillips was born at Morris, Grundy county, Illinois, on the 11th 
of January, 1869, and was a son of Thomas and Ellen (Palliser) 
Phillips. He continued his studies in the public schools until his 
graduation in the Morris high school, and on the 24th of August, 
1886, he came to Chicago and entered upon his novitiate in the grain 
commission business. He was employed in turn by various com- 
mission firms, and for several years he was thus associated with 
George A. Seaverns. In November, 1899, and again in May, 1901, 
he engineered corners in corn, both of which were successful, but 
in August, 1901, financial disaster came to him, though he thereafter 
continued his modest operations in the commission business until 
the time of his death. Mr. Phillips gave his allegiance to the Demo- 
cratic party, had received the thirty-second degree of the Ancient 
Accepted Scottish Rite of the Masonic fraternity, and was a popular 
member of the Chicago Athletic Club. Mr. Phillips was married to 
Miss Bertha Schubert, who survives him, as do also their three 
children, Nellie, Thomas and George. From an article that ap- 
peared in the Chicago Tribune at the time of the death of Mr. Phil- 
lips are taken, with certain elimination and paraphrase, the follow- 
ing extracts : "George H. Phillips was only thirty-one when he 
won a fortune by his operations in the corn pit and came out victor 
in his battle of wits with the most seasoned grain operators in the 
country. His exploit won him the title of the 'corn king,' and for 
years it clung. Even in the last year men about the Board fre- 
quently pointed him out to visitors as one of the most spectacular 
figures of his time in the business world. How the 'little blond boy 
with the big idea' came from Morris, Illinois, and whipped the ex- 
perienced traders on the Chicago Board at their own game, and 
cleaned up one hundred and eighty-seven thousand dollars in corn, 
is a feat old brokers are still talking about. It was in November, 
1900, that Mr. Phillips stepped out of practical obscurity into the 
limelight. He had worked for George A. Seaverns for five years, 
starting as an errand boy and climbing his way up to foreman. 
Mr. Seaverns had such faith in the big ideas of the little man, his 
remarkable nerve in speculating, and his almost uncanny insight 
into market conditions, that he purchased for Mr. Phillips a seat on 
the Board of Trade in 1892, when the latter was only twenty-four 
years old. Mr. Phillips acted as purchaser for Mr. Seaverns, doing 
all of his trading until the fall of 1899, when he organized the firm 



256 HISTORY OF THE BOARD OF TRADE 

of George H. Phillips & Company and went into business for him- 
self." He traded in an unobtrusive way until November, 1900, when 
he attracted the attention of the whole country by running a corner 
of three million bushels of corn, which he sold at a profit of one 
hundred and eighty-seven thousand dollars. While the grain world 
was still gasping, Mr. Phillips stepped out the following May, pur- 
chased 14,500,000 bushels of corn and cleaned up an even million. • 
But the farmers profited as well as he. It was through the financial 
backing of his old friends at Morris and the co-operation of the 
farmers that he was able to conduct his successful operations. They 
shared his profits, but when the crash came they were unwilling to 
share his losses, and he stood the gaff alone. He paid the profits to 
his customers and found himself burdened with the expense of con- 
ducting a large commission business with an enormous staflf of 
clerks. He was compelled to close down his business to find out 
just where he stood. In order that his customers might not suffer 
he paid out one hundred thousand dollars of his own money and 
assumed other liabilities. He built up another gigantic business 
when the second crash came, in January, 1902, and he was unable to 
raise sufficient money to protect his holdings, so that necessity com- 
pelled him to close his books." George H. Phillips was significantly 
a man of courage and resolute purpose, even as his integrity and 
honor were inviolable, and now that his life has come to its close its 
perspective is so revealed as to portray the emblazonment of lasting 
distinction and credit upon him as a man of marked ability and of 
sterling character. 

It is but consistent that the following significant estimate be 
given place in this memoir : 

GRAIN GROWERS' CO-OPERATIVE ASSOCIATION OF 

AMERICA 

Resolutions of the Allied National Agricultural Associations 
of America conferring the Degree of Honor on George H. Phillips 
of Chicago, Illinois, for meritorious service to the industry of Agri- 
culture. 

Whereas, we, the Allied National Agricultural associations of 
America, recognize the great benefit rendered to the farmers and 
cattlemen of the country by the recent high prices in corn brought 
about through the successful "Bull" operation of Mr. George H. 
Phillips, 

Whereas, we desire to express our approbation and approval 
to any friend of the farmer or agency that will advance the price 
of the products of the farm ; therefore. 

Be it resolved, that the thanks of this Allied Agricultural Asso- 
ciation be and is hereby tendered to Mr. George H. Phillips, and 
as a further token of our appreciation and esteem we elect him an 



OF THE CITY OF CHICAGO 257 

"honorary member" of the National Grain Growers Association of 
America. 

Resolved further, that in appreciation of his valuable and suc- 
cessful eflorts in raising the price of corn and other farm products, 
we do hereby confer the "Decoration of the Knight of the Golden 
Sheaf" as a further token of our respect and esteem. 

(Signed) JOHN C. HANLEY, 
President Allied National Agricultural Associations. 

Alvin H. Poehler. — A member of the Board of Trade of the 
City of Chicago, Alvin H. Poehler has the distinction of being pres- 
ident of one of the oldest grain companies in the United States, the 
H. Poehler Company, of Minneapolis, which was incorporated in 
1893, and which was founded by his honored father, Henry Poehler, 
the story of whose vigorous life is a very part of the history of Min- 
nesota and the great northwest, the business now conducted under 
the title of the H. Poehler Company having been founded in 185b, 
at Henderson, Minnesota, which state at that time had a population 
not exceeding forty thousand, of whom about two-thirds were In- 
dians. This statement indicates that the late Henry Poehler was 
one of the early pioneer settlers of Minnesota, and it was his to wield 
large and beneficent influence in the civic and material development 
and progress of the Gopher commonwealth, in whose history his 
name merits an enduring place of honor. The sons of this gallant 
pioneer are conducting the business which he founded so many 
years ago and the H. Poehler Company is one of the most important 
in the grain commission trade in Minneapolis, with operations that 
are far reaching and with a reputation that has been held inviolable 
during a period of more than sixty years. Alvin H. Poehler is 
president of the company and Walter C. Poehler is its secretary and 
treasurer. William A. Poehler, another of the brothers, is a member 
of the directorate of the company, and still another brother, Charles 
F., was its vice-president at the time of his death, in 1913. It is 
gratifying to be able to present in this connection a brief tribute to 
the memory of the late Hon. Henry Poehler, the pioneer, the strong 
and noble man, and the influential and honored citizen and captain 
of industry. Henry Poehler was born in Lippe-Detmold, Germany, 
in the year 1833, and he was fifteen years of age when he immigrated 
to the United States, in 1848. He became one of the youthful 
pioneers of Iowa, where he settled in the vicinity of the present 
city of Burlington, in the latter part of the year 1848. In 1853, he 
was found as a resident of the village of St. Paul, Minnesota, and 
about a year later he established his home in the embryonic village 
of Henderson, Sibley County, where he became associated with 
Major Joseph R. Brown in furnishing supplies to the army posts 
and in dealing in grain. In 1855, he purchased the general merchan- 
dise business of Major Brown and under the title of H. Poehler & 



258 HISTORY OF THE BOARD OF TRADE 

Brother founded the grain business that is now conducted under the 
title of the H. Poehler Company. In 1858, which year marked the 
admission of Minnesota to the Union, Mr. Poehler was elected a 
member of its first legislature, and in later years he again served 
as representative as well as state senator, besides which he repre- 
sented Minnesota in the Forty-sixth Congress of the United States. 
At the time when he commenced his grain business all shipments 
of grain were made by boat from Henderson to La Crosse, Wiscon- 
sin, and thence by rail to Milwaukee and Chicago. In 1887 he estab- 
lished in Minneapolis the headquarters of his now voluminous grain 
business, and the history of its continued expansion has been in 
harmony with the splendid development and growth of the city and 
the Northwest. Among the leading grain commission merchants 
of the Northwest the H. Poehler Company has long maintained a 
leading position. From an interesting brochure issued by the com- 
pany on the sixtieth anniversary of the founding of the business 
are taken the following pertinent extracts : "From the very begin- 
ning the reputation of the H. Poehler Company has been built on 
square dealing and individual service to each of its many customers. 
The company has weathered all of the financial storms which have 
swept over this country from the time of the Civil War through the 
turbulent years of 1873, 1893 and 1907. The company's business is 
now supervised by the two surviving sons, Alvin H. and Walter C. 
Poehler, the former of whom succeeded to the presidency of the com- 
pany upon the death of his father. He has been identified with the 
company and the grain trade since 1883. Within the intervening 
period he served eight years as a member of the board of directors 
of the Minneapolis Chamber of Commerce, the most important 
commercial institution of the Northwest. Walter C. Poehler, the 
secretary and treasurer of the company, has been identified with the 
same since 1896, and in the meanwhile he spent ten years in the 
upbuilding of the business at the company's Duluth office. No one 
who has ever dealt with this company has lost a dollar to which 
he was entitled, and in this time the company has handled over 
200,000 carloads of grain. Through these sixty years the H. Poehler 
Company has marched steadily forward, keeping always as its star 
the principles of pioneering progress, good will and square dealing 
to all, which were given to it by its founder." In 1861, at Bridgeton, 
Pennsylvania, was solemnized the marriage of Henry Poehler to 
Miss Elizabeth Frankenfield, who survives him. They became the 
parents of three sons and three daughters, all of whom are living 
except the son Charles F., who was vice-president of the company at 
the time of his sudden and untimely death, in June, 1913. Alvin H. 
Poehler, president of the sterling old company of which description 
has been given, represents the same in membership on the Chicago 
Board of Trade, the Milwaukee Chamber of Commerce, the Duluth 
Board of Trade and the Minneapolis Chamber of Commerce, in the 



OF THE CITY OF CHICAGO 259 

building of which last named organization are established the exten- 
sive offices of the company. Mr. Poehler was born at Henderson, 
Minnesota, January 15, 1864, ^nd after having availed himself of 
the advantages of the public schools of his native village he entered 
the Shattuck Military Academy, at Faribault, Minnesota, in which he 
was graduated in 1883, as the valedictorian of his class. For a short 
time thereafter he held a position in a banking institution at Hender- 
son, but in the autumn of 1883 he became actively associated with 
his father's extensive grain and elevator business, the headquarters 
of which were removed to Minneapolis in 1885. He became presi- 
dent of the company at the time of his father's death, which occurred 
July 18, 1912. The company maintains a branch office in the Board 
of Trade building in the city of Duluth. In Minneapolis Mr. Poehler 
is also vice-president of the Pacific Elevator Company. He is one of 
the active members of the Minneapolis Commercial Club, holds 
membership in the Mitiikahda Club, and was the organizer of the 
Interlachen Country Club, of which he was the first president. He is 
affiliated with both the York and Scottish Rite bodies of the Masonic 
fraternity, is a Democrat in politics, as was also his honored father, 
and he and his wife are communicants of the Protestant Episcopal 
church. While attending the military academy Mr. Poehler was cap- 
tain of Company B of the student cadets, and his military experience 
stood him in good service in later years, while he was a member of 
the military staf? of Governor Eberhardt and later of that of Gov- 
ernor Johnson, with the rank of colonel. He is now one of the trus- 
tees of his alma mater, the Shattuck Military Academy, and as a 
citizen and business man he is liberal and public-spirited. It may 
further be noted that the H. Poehler Company operates one terminal 
elevator and sixty grain elevators at different points in Minnesota, 
the company retaining in its employ one hundred and fifty persons. 
On the 19th of February, 1896, was solemnized the marriage of Mr. 
Poehler to Miss Eugenia L. Cole, daughter of the late Emerson Cole, 
one of the representative citizens of Minneapolis. 

Walton M. Prillaman. — The Board of Trade of Chicago claimed 
the late Walton McClain Prillaman as one of its honored non- 
resident members, and he continued his active association with this 
great commercial organization until his death, which occurred July 
22, 1916. He had become one of the prominent and successful ex- 
ponents of the grain business at Rossville, Vermilion County, Illi- 
nois, where he conducted his well-ordered operations under the 
title of W. M. Prillaman. His business was far from being of cir- 
cumscribed order, for in addition to his grain elevator at Rossville 
he operated elevators also at Henning, Vermilion County, and New- 
port, in the Indiana county of the same name. A man of fine char- 
acter and mature business judgment, he was a practical authority in 
the grain trade and through his alliance therewith he gained both 
success and high reputation. The business which he founded is 



260 HISTORY OF THE BOARD OF TRADE 

effectively continued by his only son, Glenn H., who had been his 
able coadjutor and who had become a member of the Chicago Board 
of Trade in 1910. The son still continues the operation of the three 
grain elevators previously mentioned and conducts his large and 
prosperous business under the title of W. M. Prillaman & Co. Wal- 
ton M. Prillaman was born in the State of Indiana, on the 16th of 
June, 1856, and in his youth he gained practical experience in the 
drug business, with which he continued to be identified until he 
turned his attention to the buying and shipping of grain, in 1891. 
With the latter line of industrial and commercial enterprise he con- 
tinued his active and successful association until his death, and his 
character and achievement marked him as one of the world's worthy 
and productive workers, no shadow resting upon his record as a 
man, a citizen and friend, for he was signally faithful in his steward- 
ship and guided his course upon a high plane of integrity and honor. 
His political allegiance was given to the Republican party. His 
widow, whose maiden name was Efifie M. Hamilton, is a daughter 
of the late Robert Hamilton, of Wellington, Illinois, Glenn H. being 
the only child of this union and proving an able successor to his 
father, both as a business man and as a liberal and progressive 
citizen. Glenn H. Prillaman was born at Wellington, Illinois, March 
15, 1886, and his early education in the public schools included the 
discipline of the high school. As a youth he became associated with 
his father in the grain business and since the death of his honored 
sire he is proving unequivocally successful in the independent con- 
ducting of the enterprise in which the two were long and harmoni- 
ously allied. He has many friends among the representative mem- 
bers of the Chicago Board of Trade and avails himself fully of the 
privileges of this greatest of all organizations of its kind. His 
political support is given to the cause of the Republican party, and 
he was elected and served as Mayor of Rossville, 1909. He is affili- 
ated with the Masonic fraternity and the Benevolent & Protective 
Order of Elks, and he and his wife hold membership in the Christian 
church. In 1909 was solemnized the marriage of Glenn H. Prillaman 
to Miss Alma M. Layton, daughter of C. G. Layton, of Potomac, 
Illinois, and the two children of this union are Don L. and Jay R. 
John Prindiville. — One of the most interesting personalities that 
ever trod the floor of the Chamber of Commerce was John Prindi- 
ville. affectionately designated "Captain John" by the entire mem- 
bership roster. Brave, adventurous, merry, witty, sane, with the 
simplicity of the heart of a child and the searching vision and instant 
decision of a man whose brain was as trained and alert for emer- 
gency as his lithe, athletic body. He was a proud boast of the Com- 
merce Association from the early days of his active stirring fights 
with the lake, and the exigencies of the growing town, to his later 
victories of pleasure and peace. One of the charter organizers of 
the Board of Trade and a resident of Chicago from its incorporation 



OF THE CITY OF CHICAGO 261 

as a city, John Prindiville was always a part of the vital life of the 
town, typifying its spirit, molding its form, shaping its industry. 
While not a native Chicagoan, he came to it a young boy, in its 
pioneer days. He lived its history from his early play-time with the 
Indians, through the struggles of expansion and construction to 
thrilling participation in the conflagration which wiped out in a 
night the results of its energy, to the rebuilding, the vigor, the 
growth, of the newer Chicago. The city and the lake were always in- 
exhaustible sources of interest to him. His leisure during the later 
years of his full life was passed in patrolling the shore of the lake 
with tense interest in its commerce and shore line, and in driving 
around the confines of the spreading metropolis with pride in its 
might and invincible belief in the power of its future. John Prindi- 
ville was a mere boy when he was named master of one of the first 
ships sailing from Chicago, the youngest master on the great lakes. 
His career as a mariner was a long series of daring, fighting adven- 
ture. Loving danger rather than avoiding it, he carried sail till his 
vessel lay with her side in the foam and her masts groaned heavily 
under the weight of the bellying shrouds and slapping ropes. The 
young commander was always the first man out and the first home. 
With the great sense of responsibility which was so marked a char- 
acteristic of his generous, loyal character, his ship-owner's interests 
were his own. He enjoyed the race, the fight, the excitement of 
beating other ships to port with his cargo, but his men and his 
freight were his first cares, and he never lost either. Many a time 
from boyhood up the adventurous personality was close to death, 
but he saved others before he thought of himself, and his vision 
and bravery carried him through. After the conclusion of his active 
career of a sailing mariner, at the head of a business which owned a 
fleet of tugs and ships of his own, men and cargoes were still his first 
responsibility and at the first warning of distress or wreck he was 
out on the deck of a tug to the rescue, in waves which kept other 
boats in the river, with a dauntless direction and daring which saved 
men and ships, in victorious wrestle with death. The story of 
Captain Prindiville's adventures on the lakes reads like fairy tales 
of the sea. At one time he touched at Beaver Island, in Lake Mich- 
igan, just in time to rescue Strang, the Mormon leader, from an 
infuriated mob which had chased him down to the shore. Quick 
as lightning he sized the situation, pushed him into a hogshead, 
which stood on the landing, and rolled him fearlessly up the gang- 
way of his vessel, landing him in safety at Mackinac. Another time, 
in one of his tugs, he saved the crews of four ships stranded in a 
gale off the south shore of the city, the water engulfing his tug with 
each move of his engine. Maneuvering with clear, unerring judg- 
ment to get the better of the onslaughts of water and storm, in 
unflinching command himself, the owner of the ship put her nose 
into the trough of the waves and picked up the struggling men one 



262 HISTORY OF THE BOARD OF TRADE 

by one till all were rescued, and he could turn back to the breakwater 
in perilous voyage home with overweighted decks. The citizens of 
Chicago had gathered to proclaim the arrival of the men and to offer 
the intrepid owner of the tug a purse of gold, which had been hastily 
collected, a recognition of service which was quietly passed to the 
suffering men and their families, while he rapidly escaped from 
the enthusiasm of the throng. Later with the same modest distaste 
for outer reward, he refused the efforts of other citizens for medals 
from the government in recognition of the long lists of saved men, 
particularly those rescued under heroic trial from the ill-fated Lady 
Elgin. He had satisfied himself, the plaudits of the throng were un- 
necessary. At the time of the Chicago fire he kept hundreds of 
people from being burned to death by refusing to allow the bridge- 
tender at Kinzie street to open the bridge for a passing freighter 
already on fire. The wooden bridge was thronged with men and 
women fleeing to the West Side from the devastating flames of the 
North and South. When the crowd had crossed Prindiville gave 
the signal for the turn of the bridge and the vessel passing through 
set fire to the structure an instant afterward. John Prindiville was 
one of the incorporators of the Chicago Yacht Club and was its first 
Commodore. He was a most enthusiastic lover of the sport after 
the more strenuous days of his sailing were at an end. He won with 
his "Frolic" the first international race sailed in Chicago, defeating 
the Canadian sloop "Ina" in two races out of three. It was not only 
sailing which drew him in delight. He loved horses and dogs, games 
and people. He loved life and met it in generous, joyous embrace, 
and life rewarded him with the love of people beyond what passes 
to the share of most men. He was generous in thought and deed to 
rich and poor, and was always the arbiter between owner and men, 
averting dissatisfaction and strikes by the justice and love he dis- 
played for all. The "trimmers," as the men who loaded ships in 
earlier days were called, always knew they had a firm advocate in 
"Captain John" — their side of dispute was always left to him. Mr. 
Prindiville founded the marine insurance firm which bears his name, 
John Prindiville & Sons, which still takes a vital share in the activi- 
ties of the Board of Trade. 

Robert Pringle. — It may consistently be said that the personal 
popularity of Robert Pringle among the members of the Board of 
Trade is coextensive with the scope of his operations as a broker 
in stocks, grain and provisions, and few members of the Board have 
controlled a greater volume of business along these lines than this 
liberal, progressive and steadfast representative, who has main- 
tained his home in Chicago for more than thirty years and who has 
marked these years with large and worthy achievement as well as 
by abiding human sympathy and toleration that have found expres- 
sion in helpfulness and definite kindliness in thought and action. 
It is much to have such a personal estimate placed upon a man by 



OF THE CITY OF CHICAGO 263 

his fellow men as has been drawn forth in connection with obtaining 
from objective sources the data from which this all too brief personal 
review is prepared. Robert Pringle was born at Seaforth, Province 
of Ontario, Canada, on the 6th of February, 1866, and is a son of 
James and Mary (Walker) Pringle. In his boyhood and youth he 
made good use of the advantages afforded him in the public schools 
and during virtually his entire business career Chicago has been the 
stage of his activities, his close application, mature judgment and 
well-directed activities having brought to him a large measure of 
substantial success. In this city he initiated his association with the 
commission business in grain and provisions by assuming, in 1883, 
the dual post of bookkeeper and settling clerk for the firm of E. H. 
Sedgwick & Co., and from 1886 to 1889 he was with Boyd, Paxton 
& Boyd. He proved himself admirably fortified when he engaged 
in independent activities as a broker in stocks, grain and provisions, 
of which important lines of enterprise he has since continued a 
successful and influential representative in the great metropolis at 
the foot of Lake Michigan. In 1904 he became executive head of 
the firm of Pringle, Fitch & Rankin, and this alliance continued 
until 1909, since which time he has conducted an individual business 
and given his attention to his large and important personal interests 
■of a commercial, industrial and capitalistic order. Mr. Pringle has 
never sought the great white light of publicity, but has signalized 
his civic loyalty with the same characteristic effectiveness and mod- 
esty that have marked his business career. His political allegiance 
is given to the Republican party, his religious faith is that of the 
Presbyterian church, and he is an appreciative and popular member 
of such representative Chicago organizations as the Chicago Club, 
the Chicago Athletic Club, the Midlothian Club, the Glen View, 
Exmoor and South Shore Country Clubs, and the Chicago Yacht 
Club. 

William O. Pringle. — The late William Ogilvie Pringle became 
a successful and honored representative of the brokerage and general 
^rain commission business in Chicago and was one of the sterling 
and valued members of the Board of Trade from January 7, 1893, 
until his death, which occurred December 26, 1915, at which time 
he was a member of the firm of Pringle & Wing. He was a brother 
of Robert Pringle, who likewise has been active in the operations of 
the Board of Trade and of whom individual mention is made on 
other pages of this volume. William O. Pringle was born at Sea- 
forth, Province of Ontario, Canada, on the 22d of June, 1871, a son 
of James and Mary Jane (Walker) Pringle. He acquired his youth- 
ful education in the public schools of his native Province and those 
of the city of Chicago, and virtually his entire active career was 
marked by his close and effective association with the grain commis- 
sion trade in the great western metropolis, where his ability and his 
tipright and genial personality gained to him a host of loyal and 



264 HISTORY OF THE BOARD OF TRADE 

valued friends. He served three years as a member of the Illinois 
National Guard, and in the Masonic fraternity he received the chiv- 
alric degrees, his affiliation being with Chevalier Commandery of 
Knights Templar. He was a member of the Belmont Golf Club 
and was an earnest communicant of the Protestant Episcopal 
church, as is also his widow, who still maintains her home in 
Chicago. On the 20th of April, 1893, was solemnized the marriage 
of Mr. Pringle to Miss Alice Rust Judson, who survives him, as do 
also their two children — Robert Judson and Edward Ogilvie. 

Charles A. Rache. — The city of Boston, Massachusetts, gives 
to the Chicago Board of Trade a valued representative in the person 
of Mr. Rache, who became a member of this important commercial 
organization in 1915, and who is one of the extensive and influential 
exponents of the grain and feed business in Boston, where he is a 
prominent member also of the Boston Chamber of Commerce, his 
offices being in the Chamber of Commerce Building. He is likewise 
an active member of the Grain Dealers' National Association and in 
his independent operations controls a large and successful grain 
brokerage business. Mr. Rache was born in Boston on the 18th of 
August, 1861, and is a scion of staunch New England stock, the 
Rache family having been founded in America in the colonial period 
of our national history. Alexander and Caroline (Baer) Rache, the 
parents of the subject of this review, continued their residence in 
Boston until the time of their death. Charles A. Rache is indebted 
to the public schools of his native city for his early educational 
training, which was supplemented by his attending a well-ordered 
private school. As a youth he became identified with business 
affairs in Boston, and since 1896 he has here been engaged success- 
fully in the grain commmission business, of which he has become one 
of the prominent and influential exponents in Boston. He is em- 
phatically a broad-gauged and progressive citizen, taking loyal in- 
terest in all things that tend to conserve the civic and material well- 
being of his home city, and his political allegiance is given to the 
Republican party. 

John J. Rammacher. — It has proved a specially pleasing phase 
of the compiling of this history of the Board of Trade of the City of 
Chicago to give specific recognition to the non-resident members 
of the body who are prominent and influential figures in connection 
with the grain trade in other cities of the Union. To such considera- 
tion John J. Rammacher is definitely entitled. He is Vice-President 
and Treasurer of the Eastern Grain, Mill & Elevator Corporation, 
which maintains its office headquarters in the Marine National 
Bank Building in the city of Buffalo, New York, and which exercises 
large and important functions in connection with the direct handling 
and commercial aspects of the grain business in the Empire State, 
Nisbet Grammer being President of the Corporation and G. J. Gram- 
mer its Secretary. Mr. Rammacher was born and reared in the city 



OF THE CITY OF CHICAGO 265 

of Buffalo, where he availed himself duly of the advantages of the 
public schools and where by his ability and energy he has gained 
secure vantage ground as one of the representative business men of 
the younger generation. In 1897, when a youth of seventeen years, 
he became associated with the grain business of the firm of which 
S. W. Yentis was the executive head, and with this concern he con- 
tinued until 1900. For the ensuing decade he was connected with 
another of the important grain firms of his native city and since 1910 
he has been Vice-President and Treasurer of the Eastern Grain, Mill 
& Elevator Corporation, as well as a member of the Chicago Board 
of Trade and the Buffalo Corn Exchange. Mr. Rammacher was 
born June 5, 1880, and is one of the five living children in a family 
of eight born to William and Helen (Hunnis) Rammacher, his 
father having died in 1897, and he having depended on his own 
exertions and resources in making his way forward to the goal of 
definite success in connection with business affairs of broad scope. 
His political allegiance is given to the Republican party and his 
religious faith is that of the Catholic church. He is a popular and 
appreciative member of the Benevolent & Protective Order of Elks. 
The maiden name of his wife was Emma Krites and she is a daughter 
of Charles Krites, a well-known citizen of Buffalo. The one child 
of this union is a little daughter, Ruth. 

Blanchard Randall. — The Chicago Board of Trade is favored in 
claiming as one of its non-resident members an influential Baltimore 
citizen and man of affairs whose name initiates this paragraph. Mr. 
Randall became identified with the grain business in Baltimore, 
Maryland, about the time of attaining to his legal majority. It was 
in the year 1878 that he became an employe in the office of the firm 
of Gill & Fisher, and his efficiency and sterling character won to him 
the confidence and high esteem of his employers, Gill & Fisher, 
who admitted him to partnership in their business in 1883. There is 
much of significance in the statement that he is now the head of 
this old and important firm and that his appreciative loyalty has 
caused him to retain unchanged the original title, though both Mr. 
Gill and Mr. Fisher are now deceased. The other constituent mem- 
bers of the firm in 1917 are George Somerville Jackson, Eugene 
Blackford, and Joseph G. Reynolds. Mr. Randall has held member- 
ship in the Board of Trade of the City of Chicago for many years, 
and is also his firm's representative in the Baltimore Chamber of 
Commerce, Mr. Blackford being the exponent of its interests on the 
Philadelphia Bourse, and the firm as an organization being similarly 
identified with the New York Produce Exchange. Mr. Randall has 
shown no static intervals in his singularly long and successful busi- 
ness career, progress has been his watchword, integrity of purpose 
his guide, and he has achieved a place of prominence and influence in 
the business world, with capitalistic and executive interests of broad 
scope and of varied order. He takes merited pride and satisfaction 



266 HISTORY OF THE BOARD OF TRADE 

in being at the head of a firm that has maintained a consecutive and 
honorable history covering a period of nearly sixty years, the firm of 
Gill & Fisher having been formed in 1869 and its name having stood 
as a power in the Baltimore field of commerce during the long inter- 
vening years. Blanchard Randall was bOrn in the city of Annapolis, 
Maryland, on the 12th of November, 1856, and is a son of Alexander 
and Elizabeth (Philpot) Randall. Mr. Randall received in his youth 
excellent educational advantages, including those of St. James 
College, in Annapolis, an institution in which he was graduated as a 
member of the class of 1876 and from which he received the degree 
of Bachelor of Arts. After leaving college he was for a time identi- 
fied with mercantile pursuits in Baltimore, but in 1878 he entered 
the employ of Gill & Fisher. In addition to being the dominating 
figure in this important commercial concern he is Vice-President 
of the First National Bank of Baltimore, a Director of the Baltimore 
Safe Deposit & Trust Company, a life insurance company of Phila- 
delphia, and the Baltimore & Washington Railroad Company. As 
one of the substantial and representative citizens of Baltimore he has 
entered fully into all that touches the better interests of the com- 
munity, and it is specially to be noted that he is a trustee of Johns 
Hopkins University and also Johns Hopkins Hospital, two of the 
great institutions that add to the importance of Baltimore as one 
of the metropolitan centers of the United States. He is a Trustee 
also of the University of Maryland, and as an earnest, devoted and 
liberal churchman he has the distinction of being Treasurer of the 
Maryland Diocese of the Protestant Episcopal church, his local 
church affiliation being with the parish church at Catonsville, Mary- 
land, in which beautiful little suburban city he maintains his home. 
At Catonsville he is a member of the South River Country Club, 
in the city of New York he is enrolled as a member of the Grolier 
Club, and, as a scion of a family that gave patriot officers and sol- 
diers to the Continental forces in the War of the Revolution he is 
affiliated with the Society of the Cincinnati and the Society of the 
Sons of the American Revolution. A man of broad and well-fortified 
opinions, Mr. Randall is aligned as a staunch advocate of the prin- 
ciples of the Republican party. 

Henry Rang, Jr. — It is altogether too frequent in America that 
the son does not follow in the footsteps of the father, and that the 
business which the latter built up by energy and foresight and integ- 
rity is allowed to fall into decline when the younger generation 
comes into control. Such has not been the case with Henry Rang 
and his son, Henry Rang, Jr., for their joint career as commission 
men and members of the Board of Trade of the City of Chicago has 
continued through many years and has brought to them widespread 
reputation for high standards of commercial conduct and the most 
conscientious regard for the interests of their many clients ; while 
the son has widened and extended the business until it is now one 





x^eV 





OF THE CITY OF CHICAGO 267 

of the best and most favorably known of the many firms operating in 
the world's greatest market place. Henry Rang, who was well 
known in Chicago business circles for so many years, was born in 
the beautiful cathedral city of Strassburg on the Rhine, in the 
Province of Alsace-Lorraine, on June 10, 1830, when that fair country 
was still under the tri-color of France. In his youth he took full 
advantage of the thorough educational advantages for which the 
Old World is noted, but following the stormy days of revolution 
he came, as did many thousand others, to the land of greater oppor- 
tunities and wider liberties and, at the age of nineteen, he entered 
the great melting pot of Americanism and he soon became one of 
the strong and helpful, loyal and patriotic sons of the United States. 
His natural abilities and his excellent education enabled him at once 
to enter commercial life as a customs broker in the city of New York 
and here he remained until 1856, when he again responded to the call 
of the West and removed to Dunton, now Arlington Heights, Illi- 
nois, where for a brief time he conducted a general merchandise 
store. Even at that time Chicago was attracting attention as the 
coming metropolis of the central United States and the young busi- 
ness man decided to cast his lot with the rapidly-growing city. His 
business career in Chicago thus antedates the great Civil War by 
several years, making the name one of the oldest and best known in 
the commercial circles of the city. His first Chicago venture was as 
a partner in the commission business in the firm of Lichtenberger & 
Rang on the Haymarket, and here his steady application to business, 
his honesty and his ability brought added success from year to year. 
Following the current of business activity, the firm later re-located 
on South Water Street, where they continued in the grain and 
produce business, later removing to the Brother Jonathan Building 
and devoting their entire attention to the grain business. It was here 
in after years that he was joined in business by his son. Thus it was 
that his years of toil were not only crowned with business success, 
but he was able to leave the cares of life knowing that his mantle 
would fall upon the shoulders of a son ready and able to maintain 
the high reputation which he had so rightly earned. Henry Rang, 
Jr., son of Henry and Elenore Rang, was born in Chicago, on May 
16, 1873, and all his life has been spent as a resident of this city. His 
father had the Old World faith in the benefits of a thorough educa- 
tion and the son was given opportunity to pursue the complete 
course of study of the Chicago schools, graduating from the high 
school of the city and adding to this the excellent training of a busi- 
ness college course. It was, perhaps, natural that the young man 
should be interested along the lines of his father's business, but he 
gained his first experience, after school days were done, with the old 
established firm of Rosenbaum Bros. After a year in this employ he 
felt able to assume larger responsibilities and accordingly he entered 
business, in 1894, with his father under the firm name of Henry Rang 



268 HISTORY OF THE BOARD OF TRADE 

& Son. It was on his twenty-first birthday, May 16, 1894, that he 
became a member of the Board of Trade of the City of Chicago and, 
as it has always been a rule of the great grain Exchange that mem- 
bers must be of "legal" age, it is perfectly safe to say that no younger 
man was ever admitted to the large responsibilities which member- 
ship in the Board entails. This auspicious opening of his business 
life was but an index of the future, for by continued industry, aided 
by a keen intellect and absolute integrity, he has been able not only 
to maintain but to increase the general grain commission business 
for which his father laid such broad and strong foundations. In 
1913, following the demands of growing business, the concern be- 
came incorporated under the laws of the State of Illinois, and with 
the title of Henry Rang & Co. with its Chicago offices in the Webster 
Building, opposite the Board of Trade Building, and branch offices 
in Milwaukee, the large and constantly busy clerical forces in both 
offices attesting the magnitude of the firm's affairs. Henry Rang, Jr., 
is President and Treasurer of the company and gives to all its affairs 
his personal attention and the benefit of his long experience. The 
clientage of the concern extends over a wide territory and its annual 
business runs into large figures, showing the esteem in which it is 
held by all with whom it has transactions. As members of the 
Board of Trade both Henry Rang and Henry Rang, Jr., have been 
true to the best traditions of the Association and in a quiet, but no 
less effective, manner they have contributed to the maintenance of 
the high commercial standard which has made the Board of Trade 
without a peer throughout the world. When he can lay business 
cares aside Mr. Rang is a most companionable man, his love of out- 
door sports being evidenced by his membership in the Chicago 
Athletic Association and the Belmont Golf Club, while he is most 
happy in his home life, his marriage to Miss Violet H. Crow having 
been solemnized on June 2, 1909. 

Charles L. Raymond. — In the scope and importance of the com- 
mission trade which he has long controlled, and in his prominence 
and influence as a representative of the Board of Trade, of which he 
has been a member for more than half a century, Charles Lewis 
Raymond merits distinctive consideration in this history. Mr. Ray- 
mand has made the passing years count in large and worthy accom- 
plishment on his part and is the executive head of the old and im- 
portant commission firm of C. L. Raymond & Co. He was born in 
the city of Boston, Massachusetts, on the 6th of June, 1840, and is 
a son of Zebina L. and Rhoda C. (Hildreth) Raymond, representa- 
tives of colonial families of New England. In his youth Mr. Ray- 
mond received excellent educational advantages, and in 1858, at the 
age of eighteen years, he began his business career as a clerk in the 
crockery store of Otis Norcross & Co., of Boston. Later he became 
associated in the same city with the firm of Potter & Demmon, deal- 
ers in provisions, and this connection was continued until 1861, when 



OF THE CITY OF CHICAGO 269 

he came to Chicago and identified himself with one of the pioneer 
concerns in the pork packing business. In 1864, he became a mem- 
ber of the Board of Trade, and during the long intervening years he 
has continued as a vigorous and successful exponent of the commis- 
sion business in grain and provisions, besides which he has expanded 
his operations to include the handling of stocks, in which connection 
he holds membership on the Chicago Stock Exchange. He now 
holds rank as one of the veteran and honored members of the Chi- 
cago Board of Trade, and during his protracted association with its 
activities he has been a supporter of its fine civic and commercial 
policies and ideals. Mr. Raymond is a most loyal and public-spirited 
citizen, and while he has never sought the honors or emoluments of 
political office he is aligned as a staunch supporter of the cause of 
the Republican party. He is President of the Board of Trustees 
of the Chicago Old People's Home, and as an earnest communicant 
of the Protestant Episcopal church he has been zealous in support of 
the various departments of its work and is President of the Board 
of Trustees of the Society for the Relief of Widows and Orphans of 
Deceased Episcopal Clergymen of Chicago. He is identified with 
various social organizations of representative character, including 
the Chicago Club, the Union League Club, the Twentieth Century 
Club, the Onwentsia Club, and the Homewood Country Club. That 
he is a devotee of sports afield and afloat is indicated further by his 
membership in the Beebe Lake Duck Island Club, the Coleman Lake 
Fishing Club, and the Tolleston Gun Club. At Greenfield, Massa- 
chusetts, on the 1st of September, 1869, was solemnized the marriage 
of Mr. Raymond to Miss Florence Merriam, and they have six 
children — Edward F., Charles M., Abbie M., John D., Lucy E. and 
Ralph. 

Samuel M. Raymond. — It is incidentally gratifying to note that 
in connection with the great and far-reaching operations of the Board 
of Trade of the City of Chicago a popular representative of the news- 
paper fraternity has effectively brought to bear the mystic influence 
of the "fourth estate" and has developed a most valuable service in 
conducting the news bureau which bears his name. It is through 
the medium of the Raymond News Bureau that authentic informa- 
tion concerning the afifairs and varied activities of the Board of Trade 
are properly presented to the public, and this admirable service has 
been developed and perfected by the popular member whose name 
initiates this paragraph. Mr. Raymond's domain of activity as a 
member of the Board of Trade, in which he has held membership 
since February 7, 1896, has been that of collecting and shaping for 
publication thoroughly reliable commercial news pertinent to the 
functions and operations of the great commercial body with which 
he is identified as a valued and popular member, and thus he is 
specially entitled to consideration in this history of the Board of 
Trade. Samuel M. Raymond was born in New York City, on the 



270 HISTORY OF THE BOARD OF TRADE 

26th of January, 1872, and was about one year of age when his 
parents, John and Helen Raymond, established the family home in 
Chicago. He made good use of the advantages afforded in the public 
schools of Chicago and as a youth entered upon that discipline which 
may well be considered the equivalent of a liberal education — he 
became identified with newspaper work, and in a reportorial capacity 
was associated in turn with the Chicago Daily News, the Chicago 
Times-Herald, the Chicago Record-Herald and the Chicago Even- 
ing Mail. It was while thus engaged that he gained his early expe- 
rience in connection with the gathering of news concerning the 
Board of Trade, and in 1894 he established in connection with the 
Board the Raymond News Bureau, which he has made a most reli- 
able medium of purveying news relevant to the operations of the 
Board and also of general commercial interest. He has brought the 
service up to high standard and his bureau receives the loyal appre- 
ciation and support of the members of the most important commer- 
cial organization of its kind in the world — the Board of Trade of the 
City of Chicago. Mr. Raymond has had no desire to enter the arena 
of practical politics, has never sought or held public office, but gives 
a loyal allegiance to the cause of the Republican party. He is promi- 
nently affiliated with the Knights of Pythias, of which he is Past 
Chancellor Commander, and in the time-honored Masonic fraternity 
his ancient craft affiliation is with Kilwinning Lodge, No. 311, An- 
cient Free& Accepted Masons. In the Ancient Accepted Scottish Rite 
of Masonry he has received the thirty-second degree, as a member of 
Oriental Consistory, and he is affiliated also with Medinah Temple 
of the Ancient Arabic Order of the Nobles of the Mystic Shrine. 
He resides at Oak Park, and in that suburban district of Chicago he 
is a member of the Oak Park Lodge of the Benevolent & Protective 
Order of Elks. He is an active and influential member of the Board 
of Trade Craftsmen's Club, of which he has served as President, 
and also of the Board of Trade Fellowship Club. On the 28th of 
May, 1893, was solemnized the marriage of Mr. Raymond to Miss 
Minnie Werthan, and they have two children — Harry, who is 
twenty-two years of age at the time of this writing, in 1916, and 
Irene, who is eighteen years old. 

Robert J. Reid. — As an independent broker in the handling of 
grain and stocks Mr. Reid holds an excellent position in operations 
carried on in northern Illinois, and he is President of the Reid Grain 
Company, which maintains offices at Ottawa, LaSalle County, and 
Sterling, Whiteside County, his home being maintained in the 
former city. His membership on the Board of Trade of the City of 
Chicago dates from the year 1912. Mr. Reid acquired his initial 
knowledge of the grain industry at first hands, for he was born and 
reared under the sturdy discipline of a well-ordered Illinois farm, his 
birth having occurred on the homestead farm in this state, July 21, 
1863. He is a son of Daniel R. and Sarah (Cowan) Reid, and his 



OF THE CITY OF CHICAGO 271 

father, a Kentuckian by birth, was long numbered among the able 
and successful exponents of farm industry in Illinois, his death hav- 
ing occurred in the year 1906. While he early began to give prac- 
tical assistance in the work of the home farm, Robert J. Reid did not 
fail to make good use of the advantages ofifered'in the public schools, 
and he continued his father's valued coadjutor in the management 
of the farm until he identified himself with the grain business, at 
Dwight, Livingston County. There he remained two years, and 
in January, 1916, he opened his brokerage office in the city of Ottawa, 
as well as a branch office at Sterling. He has developed a substan- 
tial business along duly conservative lines and is known as one of 
the vigorous and resourceful representatives of the grain commission 
trade in the counties covered in his operations. In politics Mr. Reid 
is a loyal supporter of the cause of the Republican party, and he and 
his wife are members of the Congregational church. He is identi- 
fied with the leading clubs of his home city, is affiliated with the 
Ottawa Blue Bloods, and in the Masonic fraternity he is identified 
with the local lodge and chapter of the York Rite, with Ottawa Com- 
mandery. No. 10, Knights Templars and with Oriental Consistory of 
the Ancient Accepted Scottish Rite, in the city of Chicago, besides 
being a member of the Mystic Shrine. Mr. Reid was married to 
Miss May Newton, daughter of Dr. J. W. Newton, a representative 
physician at Marseilles, LaSalle County, and the one child of this 
union is Robert Newton Reid. 

William C. Renstrom. — Since 1908 Mr. Renstrom has been 
numbered among the active members of the Board of Trade of his 
native city, but his association with the organization has extended 
over a much longer period, as he has been connected with the grain 
commission business of the representative corporation of Rosen- 
baum Brothers since 1892, his experience having covered the various 
departments of this line of enterprise and having given him an inti- 
mate and authoritative knowledge of the business in its direct and 
collateral operations. Further reference to the activities and prece- 
dence of Rosenbaum Brothers is made on other pages of this work, 
in the sketch of the career of Edward L. Glaser, President of this 
representative corporation. William C. Renstrom was born in Chi- 
cago on the 12th of June, 1874, and is a son of William C. Renstrom, 
Sr., and Helen C. Renstrom. As a boy and youth he availed himself 
consistently of the advantages of the public schools of his native 
city, and he assumed a position in the offices of Rosenbaum Brothers 
when he was eighteen years of age, his rise to a position of re- 
sponsible executive order having been gained through his close 
application, fidelity and constantly expanding knowledge of the 
business. He is now Secretary of this important corporation and 
is doing well his part in maintaining its high reputation on the Board 
of Trade, in which body the year 1916 found him serving efficiently 
as a member of the Transportation Committee. Mr. Renstrom is a 



272 HISTORY OF THE BOARD OF TRADE 

member of the Chicago Traffic Club, and in the time-honored 
Masonic fraternity he has received the thirty-second degree of the 
Ancient Accepted Scottish Rite, besides being also a popular mem- 
ber of the Medinah Temple of the Ancient Arabic Order of the 
Nobles of the Mystic Shrine. In 1899 Mr. Renstrom wedded Miss 
Anna C Swanson, and their two children are William A. and 
Helen A. 

George M. Reynolds. — It may well be understood that the Board 
of Trade of the City of Chicago is honored and favored in having 
represented on its list of members a man of whom the following sig- 
nificant estimate has been written : "The rise of no other man in 
financial circles in the United States has been so rapid and assured 
as that of George McClelland Reynolds, President of the Continental 
& Commercial National Bank of Chicago. His ready mastery of 
every problem, his initiative spirit, his grasp of details, his separation 
of the essential from the non-essential, his effective maneuvering of 
forces at his command, have given him leadership among the men 
who are foremost representatives of the American financial world." 
It is not easy to determine the full measure of a man's capacity for 
achievement, but results indicate fully that Mr. Reynolds has meas- 
ured up to every demand and exigency in his progressive march to 
his present commanding position as one of the representative figures 
in the domain of stupendous American finance. It is much to have 
risen from the plane of small beginnings to secure status as a domi- 
nating force in the control and management of great and far-reaching 
capitalistic interests in a great metropolitan center, and if success be 
predicated from the mark of definite accomplishment in the utiliza- 
tion of one's individual powers and talents, then George M. Rey- 
nolds has "better bettered expectation" in success-achievement. It 
is apart from the functions of a publication of this province to enter 
into manifold details concerning the careers of those persons here 
found individually represented, but so notable is the reflex influence 
exercised by Mr. Reynolds and the great financial institutions with 
which he is concerned as bearing upon the functions and activities of 
the Board of Trade of Chicago, of which he is a member, that a 
resume of facts, not conjectures or analysis, may properly be entered 
in this work as indicative of his personal and administrative influ- 
ence in the great metropolis of the West. George McClelland Rey- 
nolds was born in the village of Panora, Guthrie County, Iowa, on 
the 15th of January, 1865, and is a son of Elijah J. and Eliza (Ander- 
son) Reynolds, who were sterling pioneers of the Hawkeye State. 
In his native village Mr. Reynolds continued his studies in the public 
schools and after his graduation in the Guthrie County High School, 
in 1879, he assumed a minor clerical position in the Guthrie County 
National Bank at Panora, with which he continued his connection 
until 1886. He passed the ensuing two years at Hastings, Nebraska, 
and then returned to Panora and resumed his association with the 



OF THE CITY OF CHICAGO 273 

Guthrie County National Bank, of which he continued cashier and 
manager until 1893, when he was advanced to the office of cashier of 
the Des Moines National Bank, in the capital city of his native State. 
Growth and advancement seem to have been his natural preroga- 
tives, and in 1895 he was elected President of this institution, an in- 
cumbency which he retained until December, 1897, when he came 
to Chicago and assumed the office of cashier of the Continental 
National Bank. In this connection was initiated his period of almost 
marvelous advancement in the financial world, and he has proved 
equal to the cumulative exactions that have marked his progress. 
In May, 1902, Mr. Reynolds became Vice-President of the institu- 
tion, and on the 1st of January, 1906, he was elected its President, a 
position which he retained until the consolidation of the Continental 
National Bank and the Commercial National Bank, on the 1st of 
August, 1910. He had been a dominating force in bringing about 
this amalgamation of the interests of two of the great banking insti- 
tutions of Chicago, and has served from the beginning as President 
of the Continental & Commercial National Bank, which is one of 
the greatest financial institutions in the world and the largest in 
America outside of the city of New York. The splendid technical 
and administrative powers of Mr. Reynolds are further called into 
play by his holding also the Presidency of the Continental & Com- 
mercial Trust & Savings Bank, and the Hibernian Banking Associ- 
ation, the capital stock of each of which is owned by the stockholders 
of the Continental & Commercial National Bank, the combined cap- 
ital, surplus and undivided profits of the three institutions repre- 
senting the gigantic amount of forty-one million dollars, with com- 
bined deposits of more than three hundred and twenty-eight million 
dollars. The status of the Continental & Commercial National Bank 
is now second in importance to only one other banking institution 
in the United States. Mr. Reynolds has the further distinction of 
being a Class "A" Director of the Federal Reserve Bank of Chicago, 
since its inauguration, and in 1916 was re-elected to that office for 
a second term. He is an influential member of the Clearing House 
Committee of the Chicago Clearing House Association. He has 
been actively identified with the American Bankers' Association, of 
which he was Treasurer from 1898 to 1902, Chairman of its Execu- 
tive Council in 1906, Vice-President in 1907, and President during 
the following year. In 1908, in an advisory capacity, he accom- 
panied the National Monetary Commission to Europe, and in the 
following year there came significant recognition of his ability and 
standing as a financier and loyal and patriotic citizen, when he was 
tendered the portfolio of Secretary of the Treasury in the Cabinet 
of President Taft, an honor which he felt constrained to decline. 
His continued interest in the financial institutions with which he 
was formerly identified in his native State is indicated by the fact 
that he is still a Director of the Des Moines National Bank and the 



274 HISTORY OF THE BOARD OF TRADE 

Guthrie County National Bank. It is specially interesting to record 
that his only son, Earle H. Reynolds, has likewise proved a resource- 
ful and valued factor in connection with financial affairs of broad 
scope and importance and is the youngest bank President in Chi- 
cago, as executive head of the People's Trust & Savings Bank, this 
preferment proving a fitting testimonial to his ability and indicating 
the careful discipline which he had received under the able direction 
of his father. As may naturally be inferred, Mr. Reynolds is a 
stalwart advocate of the cause of the Republican party, and he is 
identified with the following named and representative social or- 
ganizations of Chicago : The Industrial Club, of which he was 
president in 1907, and the Chicago, the Union League, the Chicago 
Athletic, the Mid-Day, the Bankers, the Commercial, the Hamilton, 
the Exmoor Country, the Glen View, the South Shore Country, the 
Midlothian, the Colonial, the Sleepy Hollow Country and the Mid- 
wick Country Clubs. In his native town of Panora, on the 15th of 
October, 1884, was solemnized the marriage of Mr. Reynolds to 
Miss Elizabeth Hay, and their only child is Earle Hay Reynolds, 
of whom mention has been made above. 

John Roberts. — A valued member of the Board of Trade, since 
1895, Mr. Roberts is one of those vigorous and resourceful men who 
have the very genius of achievement through individual effort and 
ability, and that he has gained definite vantage-place as one of the 
representative business men of the great western metropolis shows 
how fully he has measured up to both subjective and objective po- 
tentials. He is president and treasurer of the corporation of Rob- 
erts & Oake, which has built up a large and substantial business in 
the packing and provision trade and which he represents as one 
of the distinctively popular members of the Board of Trade. Mr. 
Roberts was born on the 14th of June, 1866, in Kilkee, County Clare 
(a summer watering place), and was brought up and educated in 
the city of Limerick, Ireland, and is a son of John and Elizabeth 
(Breen) Roberts. He was favored in having been reared under most 
benignant home surroundings, and also made good use of the ad- 
vantages aflforded in the schools of his native city. His boyish am- 
bition led him to the contemplation of an active and independent 
career in connection with business, and it was but in natural se- 
quence that one of his temperament and aspirations should be drawn 
toward America, — the land of unlimited opportunities and one in 
whose development and progress so many of his own blood and 
nationality had materially aided, besides winning for themselves a 
degree of liberty and a measure of success beyond the limit of 
achievement in the Old World. When but fifteen years of age Mr. 
Roberts courageously severed the ties that bound him to home 
and native land and set forth on what was destined to be a noble and 
successful adventure. He came to America, confident of his ability 
to win for himself an honorable success, and he arrived in Chicago 



OF THE CITY OF CHICAGO 275 

in November, 1881. Here he sought and obtained employment with 
the packing and provision house of Henry Denny & Sons. The 
head of this firm had known the Roberts family in Ireland and 
cheerfully gave to young Roberts an opportunity to demonstrate 
his ability and show the true caliber that was his. He began his 
service in the modest position of invoice clerk, and by his fidelity 
to the interests of his employers he soon won advancement, with 
eventual assumption of duties of a close and confidential nature. 
In 1884 Mr. Roberts accepted a position with the International 
Packing & Provision Company, by which corporation he was given 
charge of its market department. Here again his industry, fidelity 
and ability won him successive promotions, and he held in turn 
the positions of paymaster, cashier and general office manager, as- 
sistant secretary, assistant treasurer and, finally, general super- 
intendent. In each stage of his experience Mr. Roberts had made 
the acquired knowledge count for personal capacity, heavier re- 
sponsibilities, and finally his broad practical knowledge led him 
into an independent venture in the same line of industrial and com- 
mercial enterprise. His self-confidence and his initiative and admin- 
istrative ability have met every test and proved the quality and sure- 
ness of his judgment. In March, 1895, shortly before he had at- 
tained to the age of thirty years, Mr. Roberts organized the firm 
of Roberts & Oake, in which his valued coadjutor was Richard W. 
Oake. This marked the turning point in his advancement to the 
goal of substantial success and definite prestige in his chosen field 
of enterprise, and from a comparatively modest inception has been 
evolved a iDusiness involving extensive operations and wide ramifi- 
cations. In September, 1900, the business was incorporated under 
the original title, and from that time to the present Mr. Roberts 
has been president, treasurer and general manager of the extensive 
business to the upbuilding of which he has given the best of his 
splendid ability and energies. In 1901 he became also an executive 
of the firm of Miller & Hart, and of this corporation he was vice- 
president and a director until 1916, when he resigned his official 
post, though he still retains his financial interest in the business. 
The genial, buoyant and generous nature of Mr. Roberts has won 
to him a host of friends in both the business and social circles of 
his adopted city, and as a citizen he is loyal, liberal and public- 
spirited. His political allegiance is given to the Progressive party, 
in the Masonic fraternity his maximum York Rite affiliation is with 
Montjoie Commandery of Knights Templars, besides which he has 
received the thirty-second degree of the Ancient Accepted Scottish 
Rite and also holds affiliation with the Mystic Shrine. He is a 
member of the Chicago Athletic Association, the South Shore Coun- 
try Club, and the Lake Zurich Golf Club. In 1892 Mr. Roberts 
wedded Miss Carrie A. Conrad, of Louisville, Kentucky, and the two 
children of this union are Marie, who was born April 23, 1894, and 



276 HISTORY OF THE BOARD OF TRADE 

who is now the wife of James G. Hodgkinson ; and John Oake Rob- 
erts, who was born April 12, 1897. The second marriage of Mr. 
Roberts was solemnized February 2, 1907, when Mary S. Allen, of 
Chicago, became his wife. The one child of this marriage was 
Charles R. R., who was born October 28, 1911, and died March 
23, 1917. 

Hugh L. Rodger. — On the 5th of September, 1911, Mr. Rodger 
established himself in independent business as a commission broker 
in grain, provisions, stocks and cotton, with headquarters in the 
city of Joliet, the metropolis and judicial center of Will county, 
Illinois, and the same year recorded his name on the roll of active 
members of the Board of Trade of the City of Chicago. The un- 
equivocal success which he has achieved in the upbuilding of a 
substantial business at Joliet has not been an accident but a logical 
result, for he had previously gained broad and varied experience 
through his connection with the representative Chicago commis- 
sion house of the Bartlett-Frazier Company, one of the more im- 
portant concerns identified with the activities of the Board of Trade. 
His association with this company had its inception in 1905, when 
he was a lad of sixteen years, and continued until September, 1910. 
In the autumn of the following year he established his present brok- 
erage business and in connection therewith he has made a record as 
a young man of marked energy, progressiveness and discrimination, 
the definite result of his activities being shown in his control of an 
enterprise which is one of the staunchest of the kind in northeastern 
Illinois. Mr. Rodger is fortunate in having as his Chicago cor- 
respondents the well-known brokerage firm of Lamson Brothers & 
Company, and his well appointed offices are in the Joliet National 
Bank Building. He was born in Chicago, on the 12th of January, 
1889, one of the nine children of John and Bertha (Lidell) Rodger, 
the father having been for many years actively identified with rail- 
road operations and having thus continued until his death, which 
occurred December 7, 1915, his widow still maintaining her home 
at Joliet. Hugh L. Rodger gained his early education in the public 
schools of Chicago and supplemented this by attending the public 
schools of Joliet, to which city the family moved. Virtually his en- 
tire business experience has been along the line of enterprise with 
which he is now prominently identified and in connection with which 
he has gained a reputation that in itself constitutes a valuable com- 
mercial asset. In politics Mr. Rodger is a supporter of the Repub- 
lican party. He is affiliated with the Benevolent & Protective Order 
of Elks, and he and his wife are members of the Baptist church. His 
wife was Miss Jennie Haggert, daughter of John Haggert, one of 
the representative citizens of Joliet. 

James C. Rogers. — The spring of the year 1916 marked the fifty- 
third anniversary of Mr. Rogers' active association with the com- 
mission grain trade in Chicago and during this period of more than 



OF THE CITY OF CHICAGO 277 

half a century he has been continuously associated with his older 
brother, Henry W. Rogers, under the firm name of H. W. Rogers 
& Brother. His venerable brother, a revered and still definitely 
active member of the Board of Trade, is made the subject of a spe- 
cific tribute on other pages of this publication, and he himself also 
has distinction as being one of the veteran members of the impor- 
tant commercial body that has been dignified and honored by the 
character and achievement of the two brothers. James Campbell 
Rogers was born at Bath, Steuben county. New York, on the 16th of 
July, 1841, and is a son of Gustavus A. and Susan Ann (Campbell) 
Rogers. To the public schools of his native state he is indebted 
for his early educational discipline, and in 1856, when about sixteen 
years of age, he assumed a clerical position in a ship chandlery es- 
tablishment in the city of Bufifalo, New York. Responding to the 
lure of the progressive west, which at that time was drawing largely 
from the old Empire state, Mr. Rogers came in 1860 to Iowa and 
became associated with his brother Henry W. in the conducting 
of a general store at Clinton, so that they gained status as pioneer 
merchants in that place, which is now to be designated as "no mean 
city." In the spring of 1867 Mr. Rogers and his brother formed 
the grain commission firm of H. W. Rogers & Brother, of Chicago, 
and its honorable history has been one of consecutive order to the 
present time, while its secure prestige rests upon the altogether 
worthy and successful record which it has made and which in- 
cluded its triumph over the disasters attendant upon the ever 
memorable fire of 1871. Mr. Rogers is also vice-president and a 
director of the Rogers Grain Company, and his membership on the 
Board of Trade dates from the year 1864. His civic loyalty has 
been always of determinate surety and his political support has 
been unswervingly given to the cause of the Democratic party. His 
home and his business have represented the predominating interests 
of his life and he has not identified himself with any appreciable 
number of social organizations, though he has long been affiliated 
with the Independent Order of Odd Fellows. Mr. Rogers has 
taken an active part in shaping the policy of the Board of Trade 
which he served two years as Vice-President and two years as a 
Director, besides giving many years of service as member of numer- 
ous important committees. At Lockport, Illinois, on the 3d of 
May, 1865, was solemnized the marriage of Mr. Rogers to Miss 
Mary C. Colt, and they have two daughters, Ellen D., who is the 
wife of William G. Atwood, and Susan, who is the wife of Frank 
W. Thomas. 

Henry W. Rogers. — There is special gratification in being able 
to accord representation in this publication to the veteran and hon- 
ored member of the Board of Trade whose name initiates this para- 
graph and who, though venerable in years, retains splendid mental 
and physical vigor and still takes active and loyal interest in the 



278 HISTORY OF THE BOARD OF TRADE 

activities and affairs of the great commercial organization of which 
he is now one of the oldest members and his identification with which 
covers a period of more than half a century. It has been the privi- 
lege and satisfaction of Mr. Rogers to witness and assist in the 
development of the Board of Trade of the City of Chicago from 
insignificant status and minor function to the vantage-ground as 
the greatest commercial body of its kind in the world, and its mem- 
bers of younger generations accord to him respect, veneration and 
inviolable esteem. His memory forms an indissoluble link between 
the early history of the board and the twentieth century of its gi- 
gantic activities and great influence, so that this publication may 
well pay to him a tribute of respect and take cognizance of his noble 
character and worthy achievement. He is to be designated as one 
of the veritable patriarchs in the business life of a city which has 
grown from small proportion to commanding metropolitan pre-emi- 
nence within the period of his residence within its gracious borders, 
and that he is in all things loyal to Chicago needs no further voucher 
than the mere statement itself. Henry William Rogers, president 
of the Rogers Grain Company and senior member of the old and 
honored commission firm of H. W. Rogers & Brother, was born at 
Bath, Steuben county. New York, on the 27th of March, 1832, and is 
a son of Gustavus A. and Susan Ann (Campbell) Rogers, repre- 
sentative of families whose names became identified with America 
in the colonial era of our national history. To the common schools 
of the locality and period Mr. Rogers is indebted for his early edu- 
cational advantages, and thus did he lay broad and deep the founda- 
tion upon which he reared in later years the fine superstructure of 
that seemly and symmetrical discipline that is to be gained only 
under the direction of that wisest of all head-masters, experience. 
As a young man Mr. Rogers established himself in business as a 
ship chandler in the city of Buffalo, New York, where he continued 
operations in this line until 1860. For a brief period thereafter he 
held prestige as a pioneer merchant at Clinton, Iowa, but in 1862 
he established his permanent home in Chicago, where he engaged in 
business as a commission merchant in grain and where he became 
one of the virtually pioneer members of the Board of Trade. In his 
long career as one of the representative figures in the grain com- 
mission trade in Chicago he has kept pace with the advances made 
and has contributed his quota to bringing the city to the world's 
foremost position in connection with this all important phase of 
commercial and industrial enterprise, so that in the gracious evening 
of a long and useful life he may rest well content with the achieve- 
ment that has been his and view with satisfaction the marvelous 
progress in which he has played a part. His valued coadjutor in 
the firm of H. W. Rogers & Brother is his younger brother, James 
C, of whom individual mention is made on other pages of this work, 
and their effective business alliance has continued without interrup- 



OF THE CITY OF CHICAGO 279 

tion since the year 1863. The firm has controlled for many years 
a large and representative commission business, and none identified 
with the Board of Trade at the present time has a longer or more 
honorable history. In addition to being senior member of this 
veteran firm Mr. Rogers is president of the Rogers Grain Com- 
pany. As a member of the Board of Trade for more than half a 
century, Mr. Rogers has been one of those steadfast and loyal men 
vi^ho have held firm grasp upon the rudder of its destiny and have so 
ruled its affairs as to make its traditions and ethics a source of 
pride and distinction to the city of Chicago. He has served with 
marked ability and characteristic loyalty as president of this great 
commercial body, and has been called upon also to serve in sub- 
ordinate official capacities. With all propriety he may be classified 
among those who have been the builders of the Chicago of the pres- 
ent day, and in the history of the city his name merits a place of 
honor. He served for a number of years as a member of the board 
of directors of the Chicago Public Library and he has otherwise 
been active and influential in civic affairs, though never imbued 
with any ambition for public office. His political allegiance has been 
given without deflection to the Democratic party, and he is a zealous 
member of the Congregational church. Mr. Rogers is a bachelor. 
Joseph Rosenbaum. — Actively identified with the Board of 
Trade for more than forty years, Joseph Rosenbaum is not only one 
of the veteran and honored members of this great commercial organ- 
ization but also has the distinction of being a veteran of the Civil 
war, in which he manifested his loyalty to the Union and the inter- 
ests of the land of his adoption by according faithful and valiant 
service as a soldier in an Iowa volunteer regiment. He is one of 
the vigorous men of affairs given to our American republic by the 
Empire of Germany. Ambition, resolute purpose and fine initiative 
and executive ability have represented the dynamic forces that have 
brought large success and benignant influence to Mr. Rosenbaum, 
and he is president of the corporation of Rosenbaum Brothers, Live 
Stock Commission Company, which has long controlled a large and 
substantial commission business, besides which he is president also 
of the Live Stock Investment Company and the J. Rosenbaum Grain 
Company, all of which are important commercial organizations of 
the great metropolis of the west. It is interesting to record that 
in his extensive operations in the grain commission trade Mr. Rosen- 
baum now has as his able coadjutors his three sons, Emanuel P., 
who is vice-president of the Rosenbaum Grain Company; Edwin 
Stanton, who is treasurer of the company, and Walter Scott, who is 
assistant secretary of this splendid corporation, each of the sons 
as well as the father holding membership on the Board of Trade. 
In the town of Schwabach, Kingdom of Bavaria, Germany, Joseph 
Rosenbaum was born on the 1st of April, 1838, and in the schools 
of that place he acquired his early education, which has been most 



280 HISTORY OF THE BOARD OF TRADE 

effectively supplemented by the lessons acquired under the direc- 
tion of that wisest of all head-masters, experience. Mr. Rosenbaum 
was a lad of about twelve years when he came with his sister and 
his elder brother, the late Morris Rosenbaum, to America, and the 
family became pioneers of the city of Dubuque, Iowa, to which 
place the father, I. Rosenbaum, had preceded the other and in which 
he had provided a home. He whose name initiates this review 
gained his full quota of experience in connection with pioneer life 
in the great west and early gave evidence of his resourcefulness and 
ambition by associating himself with his brother Morris in the 
establishing of a general merchandise store at Cedar Falls, Iowa. 
The enterprise proved successful and Mr. Rosenbaum continued to 
devote his attention to his business affairs until he felt the urge 
of higher duty and tendered his aid in defense of the Union, the 
integrity of which was jeopardized by armed rebellion. In June, 
1862, shortly after his twenty-fourth birthday anniversary, he en- 
listed as a private in Company B, Thirty-first Iowa Volunteer In- 
fantry. His regiment was given assignment to the Army of the 
Tennessee and in connection with its gallant record he lived up to 
the full tension of the great conflict through which the Union was 
preserved. He endured his full quota of hardships incidental to 
the various campaigns in which he was involved and among the 
more important battles in which he participated may be mentioned 
the following : Arkansas Post, Arkansas ; March to Vicksburg, 
Battle of Vicksburg, Black River Bridge, Chattanooga, Lookout 
Mountain, Mission Ridge, Resaca, Atlanta, Sherman's March to the 
Sea, including the battle of Columbia, South Carolina, where his 
regimental flag replaced the Confederate flag which had floated 
since the secession of the states. He took part also in many minor 
battles and skirmishes. Mr. Rosenbaum continued in active service 
until victory had crowned the Union arms and in later years he 
has vitalized the more gracious memories and association of his 
military career by his appreciative affiliation with the Grand Army 
of the Republic as a member of the Abraham Lincoln Post, No. 91. 
He was Illinois Department Commander of the Grand Army of 
the Republic in 1908-09 and at the Forty-third Encampment, held 
at Aurora, Illinois, May 19, 1909, he was presented with a key to 
the city as a token of esteem and good will. This souvenir Mr. 
Rosenbaum has carefully encased for preservation. After the close 
of the war Mr. Rosenbaum returned to the Hawkeye state and set 
himself confidently and vigorously to the winning of the battles 
which peace ever has in store, "no less renowned than war." With 
his brother Morris, whose name later became prominently and 
worthily linked with business and civic affairs in Chicago, Mr. 
Rosenbaum had in 1861 engaged in the handling of grain and live 
stock for the Chicago markets, with headquarters at Waverly, the 
judicial center of Bremer county, Iowa, and with this line of enter- 




^^^z-^-'^i^/f^v^/b^t^^^^ 



OF THE CITY OF CHICAGO 281 

prise he continued his identification after he returned from the war. 
In 1867 the brothers further manifested their enterprising spirit 
and business acumen by founding the State Bank of Waverly and 
also the State Bank of Nashua, in Chickasaw county, Iowa, Morris 
Rosenbaum becoming cashier of the latter and Joseph Rosenbaum 
of the former institution. 

In 1874 the Rosenbaum brothers disposed of their substantial 
capitalistic and business interests in Iowa and established their 
residence in Chicago, where they engaged in the grain commission 
business under the firm name of Rosenbaum Brothers. The fol- 
lowing year they established the firm of Rosenbaum Brothers & 
Company, under which corporate name is still continued the ex- 
tensive commission business in live stock, Joseph Rosenbaum being 
president of the corporation, as previously noted. Equal success 
has attended Mr. Rosenbaum's operations as a representative of the 
commission trade in grain, and as president of the Rosenbaum Grain 
Company he holds commanding position in this important field of 
enterprise and in the operations of the Board of Trade, his member- 
ship in which dates from the year 1880. Though emphatically a 
man of business, Mr. Rosenbaum has not hedged himself in with 
the barriers of mere self-aggrandizement but as a citizen has shown 
himself loyal, broad-gauged and progressive, with an earnest desire 
to do his part in furthering measures and enterprises projected for 
the general good of the community. He and his family are members 
of Sinai Congregation, over which the distinguished Rabbi Hirsch 
has been in charge since 1880. He and his wife reside at the Con- 
gress Hotel. In the year 1873 was solemnized the marriage of Mr. 
Rosenbaum to Miss Emma Frank, of Chicago, and they have four 
children : Emanuel P., Edwin Stanton, Blanche and Walter Scott. 
As before noted, the three sons are interested principals of the 
Rosenbaum Grain Company, and it may be stated also that the 
only daughter is the wife of Fred L. Mandel, of Chicago. 

Israel P. Riunsey. — This history of the Board of Trade of the 
City of Chicago exercises one of its most consistent and important 
functions when it pays tribute of deference and honor to such a 
sterling and veteran member of the Board as Captain Israel Parsons 
Rumsey, who is still a vigorous and progressive factor in connec- 
tion with the operations of the Board of Trade and as the active and 
indomitable head of the old and representative grain commission 
concern of Rumsey & Company, which has precedence as one of 
the largest and strongest receiving houses represented on the Board 
of Trade, and this vital prestige remains his notwithstanding the 
fact that the Captain celebrated his eightieth birthday anniversary 
on the 9th of February, 1916. He has been one of the strong, self- 
reliant and resourceful men whose effective co-operation has been 
enlisted in the development and upbuilding of that great commer- 
cial body whose influence has been potent in making Chicago the 



282 HISTORY OF THE BOARD OF TRADE 

great metropolis and industrial center of the present day, and at all 
times he has stood steadfast in the integrity of his ideals and pur- 
poses, in patriotism and civic loyalty and as a supporter of those 
things which inure to the general welfare of mankind. Measured by 
its beneficence, its rectitude, its altruism and its material success, 
his life has counted for much, and such a life can never fail in in- 
spiration and incentive. He has had the will to dare and to do, 
has stood forth as a type of the best American citizenship, and it is 
the definite purpose of this article not only to ofifer a brief review of 
the salient points in his career but also to make the epitomized 
account indicate as fully as possible the high estimate placed upon 
him by those who, appreciative of his character and achievement, 
now represent the personnel of the Board of Trade of the City of 
Chicago, with which he has been actively identified since a very 
early period in its history, when a membership prerogative repre- 
sented the expenditure of only five dollars. Captain Rumsey was 
born at Stafford, Genesee county, New York, on the 9th of February, 
1836, and is a son of Joseph E. and Lucy M. (Ransom) Rumsey, and 
he is a scion of Scotch and English stock, both the Rumsey and 
Ransom families having been founded in America in the colonial 
period of our national history. In his native state Captain Rumsey 
made good use of the educational advantages that were afforded 
him in his youth, and after a course in an academy he initiated, at 
the age of seventeen years, his active association with the prac- 
tical affairs of life, by assuming a clerical position in the dry-goods 
establishment of his uncle, Edward H. Howard, who was then one 
of the representative business men of the city of Bufifalo. About the 
time of attaining to his legal majority, in the year 1857, Captain 
Rumsey joined the surging tide of immigration to the West, and 
made his way to Keokuk, Iowa, where he soon became the active 
manager of a pioneer hardware establishment, but before the close 
of the year 1857 the owner removed the stock to Chicago and the 
young manager accompanied him to the city in which he was des- 
tined to rise to a position of distinctive prominence and influence 
as a citizen and man of affairs. In 1858 he initiated his association 
with the grain commission trade, by entering the employ of the firm 
of Flint & Wheeler. He gave himself with characteristic energy 
and circumspection to gaining comprehensive knowledge of all 
details of the business, and in 1860 he became one of the organizers 
and principals of the commission firm of Finley, Hoyt & Rumsey, 
of which the present important firm of Rumsey & Company is the 
lineal successor. When the dark cloud of Civil War cast its pall over 
the national horizon Captain Rumsey subordinated all other inter- 
ests to respond to the call of patriotism. In April, 1861, he assisted 
in the organization of Taylor's Chicago Battery, which was in the 
service of the State of Illinois until it was mustered into the United 
States service, on the 16th of the following July, as Company B, 



OF THE CITY OF CHICAGO 283 

First Illinois Light Artillery, of which he was elected junior second 
lieutenant. Through the various grade of promotion he rose to 
the office of captain of his company, a preferment that came to him 
during the time his command was taking part in the siege of Vicks- 
burg. He served as assistant adjutant to General W. H. L. Wallace 
at the battles of Fort Donelson and Shiloh, in which latter engage- 
ment General Wallace received a mortal wound. Within the period 
of his gallant service as a soldier of the Union Captain Rumsey took 
part in many engagements, and the history of his battery virtually 
constitutes the record of his military career. Among the more im- 
portant battles in which he participated may be noted the following: 
Belmont, Fort Henry, Fort Donelson, Shiloh, Siege of Corinth, 
Chickasaw Bayou, Arkansas Post, Siege of Vicksburg, Missionary 
Ridge, and other engagements incidental to the campaigns of the 
Army of the Tennessee and the Atlanta campaign. He served as 
captain of his company from the time of his appointment to this 
office until the expiration of the battery's term of enlistment, in 
July, 1864, when, with his comrades of this gallant command, he 
received his honorable discharge. At this juncture it may be con- 
sistently stated that Captain Rumsey has never abated his interest 
in his old comrades in arms nor faltered in the course of lofty 
patriotism. He maintains active affiliation with George H. Thomas 
Post, No. 5, Grand Army of the Republic, and also with the Illinois 
Commandery of the Military Order of the Loyal Legion of the 
United States. As indicative of his intense spirit of loyalty and 
patriotism may be given the following quotation which appeared in 
the Chicago Evening Post on the date of his eightieth birthday : 
"His love for the American flag caused him, several years ago, to 
prepare an attractive little booklet entitled 'The Flag of the United 
States.' which he sent to the customers of his firm and to his per- 
sonal friends. The booklet contained an interesting history of the 
national emblem and was made up of a report by Brigadier General 
Robert H. Hall, U. S. A., to the Illinois Commandery of the Military 
Order of the Loyal Legion of the United States. His loyalty and 
patriotism to his country make up the chief characteristic by which 
his intimate friends know him, and his next chief characteristic 
is his fondness for his work. He enjoys discussing the history of the 
country for which he fought, and, so far as preparedness is con- 
cerned, he has but one idea, and that is 'prepare now.' " After the 
close of his service as a soldier of the Civil war Captain Rumsey 
resumed, with equal verve and loyalty, his association with business 
afifairs in Chicago. In the late summer of 1864 he engaged in the 
flour-brokerage business in company with his brother, John W. 
Rumsey, under the firm name of I. P. & J. W. Rumsey, and within 
a short period the grain commission business was conjoined with the 
original function of the enterprise. During the long intervening 
years Captain Rumsey has continued as one of the representative 



284 HISTORY OF THE BOARD OF TRADE 

figures in the grain trade centered in Chicago, save for an interim 
of two years, and Rumsey & Company, of which he is the executive 
and active head, is one of the largest receiving houses represented 
on the Board of Trade, his membership in which organization dates 
from the year 1859. In 1870 he was elected a Director of the Board 
of Trade and he served as such during the construction of the New 
Board of Trade Building, at LaSalle and Washington streets, in 
1871, after the great Chicago fire. Thirty years later (1890) he was 
again elected a Director of Board of Trade. That this venerable 
and honored member of the Board has wielded a quiet but potent 
influence in its government and in the directing of its policies may 
well be looked upon as having added distinctively to the dignity 
and general high standing of the organization, and apropos of this 
statement are the following significant words that appeared in the 
same Chicago paper from which a preceding quotation was drawn 
and which further mark the estimate that was placed upon the Cap- 
tain at the time of the celebration of his eightieth birthday anni- 
versary : "His business has always been conducted in a business- 
like, straightforward manner that speaks of his integrity. He has 
high principles, high ideals, and has been known to sacrifice profit 
for principle on numerous occasions. His business rules are few 
and simple. He remarks often to a friend or business acquaintance : 
'I want to conduct my business at all times so it will stand thorough 
investigation.' He will not permit any business transaction to be 
carried on or negotiated in his office on Sunday, and business is 
never discussed by him on the Sabbath. Throughout his remark- 
able career he has maintained that policy." Insistently holding to 
the highest of civic ideals Captain Rumsey has been active and dis- 
tinctly influential in reform movements of a direct or semi-political 
order, especially in connection with the regulation of the liquor 
traffic, which has ever found him a stern and implacable adversary. 
His practical judgment has made his work in this connection more 
efifective than mere sentimental activity, and he has been the staunch 
advocate of the high-license principle under conditions that he knew 
made impossible the desired prohibition regulations. He has served 
since 1877 as director and president of the Citizens' League for 
the prevention of the sale of liquor to minors and drunkards. In 
1906 he was instrumental in obtaining the passage of the state law 
prohibiting the location of saloons within one and one-eighth miles 
of army and naval stations. He was prominent also in movements 
to abolish gambling in Chicago, and also waged relentless war after 
notorious gambling interests had attempted entrenchment across 
the line in Lake county, on the line of the Chicago, Milwaukee & 
St. Paul Railroad. In less than eighteen months he succeeded in 
ridding Lake county of what he felt was a terrible incubus. As 
touching his activities as a progressive and public-spirited citizen 
the following quotations are well worthy of perpetuation in this 



OF THE CITY OF CHICAGO 285 

connection : "No citizen of Chicago has accomplished more for 
good government, pure politics and the upholding of honorable civic 
principles than Captain Rumsey. In addition, he has been promi- 
nent along other avenues, for he served on several committees for 
securing to Chicago the World's Columbian Exposition, in 1893, 
and was chairman of the finance committees that raised money for 
the building of the Grace and the Sixth Presbyterian churches, each 
of which he served several years as elder. For eighteen years he 
was a member of the board of managers of the Presbyterian Hos- 
pital." It may be stated succinctly that Captain Rumsey and his 
wife are most zealous and liberal supporters and members of the 
Presbyterian Church, and that their attractive home is maintained 
in the beautiful Chicago suburb of Lake Forest. His political alle- 
giance is given to the Republican party and he is a valued member 
of the Union League Club of Chicago. Notwithstanding his vener- 
able age he is to himself a veritable martinet in business, and ap- 
pears at his office as early and with as great regularity as the most 
ambitious of his subordinates, each day finding him busily engaged 
in covering a vast amount of important work in the directing of 
his extensive business interests. For fifty-two years he has ap- 
peared at the same desk, and on the occasion of his eightieth birth- 
day all of the Chicago Board of Trade and a host of friends outside 
of La Salle street paid honor to this venerable grain man, and mes- 
sages of congratulation and good cheer covered his office desk. In 
the year 1867 was solemnized the marriage of Captain Rumsey to 
Miss Mary M. Axtell, of Batavia, New York, and of their six chil- 
dren all are living except the fifth, Frances, who died in infancy. 
Juliet Lay is the wife of Rev. Grant Stroh, who is a clergyman of 
the Presbyterian church and who holds, in 1916, the charge of Bible 
teaching in Carroll College at Waukesha, Wisconsin ; Lucy Ransom 
is the wife of William Arthur Holt, of Oconto, Wisconsin ; Henry 
Axtell is actively associated with his father in business, with offices 
in the Board of Trade Building, and is treasurer of Rumsey & Com- 
pany and the Prairie State Grain & Elevator Company, of each of 
which his venerable father is president; Miss Minnie May Rumsey 
remains at the parental home; and Wallace Donnelson is treasurer 
of the Belden Manufacturing Company, a substantial Chicago cor- 
poration engaged in the manufacturing of insulated wires. 

Henry A. Rumsey. — During virtually the entire period of the 
long and splendid history of the Board of Trade of the City of Chi- 
cago there has been found represented on its membership roll the 
name of some member of the Rumsey family, and it may with con- 
sistency be said that the organization has gained much through this 
source, as one generation has followed another on to the stage of 
life's activities and into association with the commercial affairs cen- 
tered in Chicago. He whose name introduces this paragraph has 
the distinction of being at the present time the youngest representa- 



286 HISTORY OF THE BOARD OF TRADE 

tive of the Rumsey family on the Board of Trade, and he stands 
forth in prominence as one of its loyal and valued members as well 
as a progressive and influential representative of the cash grain 
trade in his native city. To other members of the family individual 
reference is made on other pages of this work, and as within the 
publication appears a merited tribute to that veteran member of the 
board, Israel P. Rumsey, father of the subject of the sketch at hand, 
it is unnecessary to enter further details concerning the immediate 
family record. Henry Axtell Rumsey has been since 1903 a mem- 
ber of the grain commission house of Rumsey & Company, which 
was established by his honored father in the year 1867, and his active 
membership on the Board of Trade had its inception in October of 
the same year. He has effectively proved his capacity for the direct- 
ing of business affairs of broad scope and importance and in his 
character and achievement has signally honored himself and his 
native city. He is treasurer of the Prairie State Grain & Elevator 
Company, and vice-president of Rumsey, Moore & Company, 
engaged in the grain Ijusiness in the city of Peoria, Illinois, besides 
continuing his active association as treasurer of Rumsey & Com- 
pany, which has long held high prestige in connection with the oper- 
ations of the Chicago Board of Trade. Henry Axtell Rumsey was 
born in Chicago on the 15th of December, 1871, and is a son of 
Israel Parsons Rumsey and Mary M. (Axtell) Rumsey. His early 
education was acquired in the public schools of Chicago and in 1890 
he was graduated in Lake Forest Academy. He was soon after- 
ward matriculated in historic old Williams College, at Williams- 
town, Massachusetts, in which institution he was graduated as a 
member of the class of 1894 and from which he received the degree 
of Bachelor of Arts. In initiating his business career Mr. Rumsey 
identified himself with the lumber industry, and he became in this 
line connected with the Holt Lumber Company and American Lum- 
ber Company, of Chicago, of which latter he served as treasurer from 
1898 to 1901. From that time forward until 1903 he was secretary 
of the Wabash Screen Door Company, of Chicago. It was at this 
juncture in his career that Mr. Rumsey became a member of the 
old established grain firm of Rumsey & Company and entered into 
vigorous relationship with the Board of Trade, the history and tra- 
ditions of which give much of distinction to the family of which 
he is a popular representative. The loyalty of Mr. Rumsey to his 
native city and state has the elements of intensity and zealous serv- 
ice, and it is specially to be noted that he is treasurer of the Illinois 
Children's Home and Aid Society. He is affiliated with the Military 
Order of the Loyal Legion of the United States, to membership in 
which he is eligible through the distinguished service rendered by 
his father as a soldier and officer in the Civil war, and he holds mem- 
bership also in the Union League and University Clubs of Chicago 
and also the Onwentsia Winter Club of Lake Forest, he and his fam- 





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a ^ ^ 



OF THE CITJ OF CHICAGO 287 

ily having an attractive home in that beautiful suburb. On the 12th 
of June, 1906, Mr. Rumsey married Miss Marion E. Doud, daughter 
of Mrs. Levi B. Doud, and they have three children, Elizabeth Doud, 
Henry Axtell, Jr., and Jean. 

Hiram N. Sager. — The record that has been made by Mr. Sager 
during his more than thirty-three years of active membership on the 
Board of Trade of the City of Chicago is one that it is pleasing to 
consider and study, for he has been an honored and influential fig- 
ure in the directing of the important aiifairs of this representative 
commercial body, of which he has twice served as president, besides 
having given several terms of service in the office of director, and 
he has been closely identified with old and honored firms that have 
won pioneer prestige in the grain trade of the great west. He is 
now secretary, treasurer, and managing director of the corporation 
known as J. H. Dole & Company, which dates its inception back to 
the year 1852 and which not only owns a series of well equipped 
grain elevators but also controls a large and important commission 
business in grain, seeds and provisions, principally through the 
medium of the Chicago Board of Trade, of which Mr. Sager became 
a member in the year 1884. The office headquarters of this old and 
influential concern are maintained at 226 South LaSalle street, and 
it has been represented on the Board of Trade since the pioneer 
era of its history, its precedence and unsullied reputation having 
been effectively upheld under the executive regime of Mr. Sager. 
Hiram Norton Sager was born in the picturesque little town of 
Seacombe, situated on the Mersey river about one mile distant from 
the city of Liverpool, England, and the date of his nativity was 
June 20, 1859. He is a son of Richard G. and Harriet M. (Norton) 
Sager, his father having been a successful cotton importer in Eng- 
land and having come with his family to the United States about 
the year 1866, both he and his wife having passed the closing period 
of their lives in Lockport, Illinois. He whose name initiates this 
article gained his early education in the schools of his native village 
and was about eight years of age when he came to America with 
his parents. He continued his studies in the public schools of Lock- 
port, Illinois, and after finishing the curriculum of the high school 
he completed his school education as the University of Wisconsin. 
As a young man he spent five years as a successful representative 
of the basic industries of agriculture and stock-growing, on the 
Sager farm in Will county, Illinois, and from 1884 to 1902 he was 
associated with the firm of Norton & Company, which was estab- 
lished in 1848 and which became one of the large flour-milling con- 
cerns in the state of Illinois. In 1897 he became treasurer, director 
and Chicago manager of this historic firm, his residence having 
been maintained in Chicago since 1884. In 1902 Mr. Sager resigned 
his executive offices with this concern to accept those of secretary, 
treasurer and managing director of J. H. Dole & Company, with 



288 HISTORY OF THE BOARD OF TRADE 

which corporation he has since continued his identification, as 
one of the prominent and influential representatives of the commis- 
sion trade in grain, seeds and provisions and with a record that re- 
flects honor and distinction upon his name. Mr. Sager has not only 
been a resourceful and valued official of the Board of Trade, as 
previously noted in this context, but he has also served as president 
of the council of North American Grain Exchanges, an office of 
which he was the incumbent in 1911. He is a Republican in his 
political allegiance and stands forth as a loyal and progressive citi- 
zen who is ever ready to lend his influence and co-operation in the 
furtherance of those things that inure to the civic and material pros- 
perity of the community and the nation. Mr. Sager and family re- 
side in an attractive home which was erected by him in 1889 in the 
Hyde Park section of Chicago, the same being situated at 4548 
Forrestville avenue. Mr. Sager holds membership in the Colonial 
Club and the Chicago alumni association of the University of Wis- 
consin. On the 10th of October, 1888, was solemnized the marriage 
of Mr. Sager to Miss Julia M. Cook, and they have three children, 
Harriet Louise, Ruth Margaret and Mildred Eloise. A fourth 
daughter, Alice Cook, died in infancy. 

John K. Scattergood. — The civic and business status of Mr. 
Scattergood in his native city of Philadelphia marks him as a man 
of large and worthy achievement and as one of the representative 
men of afifairs in the metropolis of the old Keystone state. He is 
one of the three principals in the important commission firm of S. F. 
Scattergood & Company, in which his partners are his brothers, 
S. F. and W. B. Scattergood, and this firm controls a large and far- 
reaching business in the handling of grain and the various by-prod- 
ucts therefrom. He whose name begins this paragraph has still 
further extended his influence in connection with the dominating 
business interests of Philadelphia, as indicated by the fact that he is 
president of the Mutual Trust Company. This institution has its 
location in the Bourse building, and in one of the largest and best 
appointed suites in this same building are to be found the offices 
of the firm of S. F. Scattergood & Company. It may consistently 
be noted that the Mutual Trust Company is one of the substantial 
and well ordered financial institutions of Pennsylvania, with a cap- 
ital stock of $438,043, with surplus and undivided profits of $87,243 ; 
and with deposits of $646,000 — these data being indicated by the 
official statement issued by the company in the spring of 1917. Aside 
from the president the other members of the executive corps of the 
institution are as here noted : Sidney Street and F. C. Hansell, 
vice-presidents; William B. Kessler, secretary and treasurer, and 
Charles E. Edmunds, title and trust officer. One of a family of six 
children, John K. Scattergood was born in Philadelphia on the 25th 
of August, 1875, a son of George and Rebecca (Ketcheline) Scatter- 
good. George Scattergood long held high reputation as a horse- 



OF THE CITY OF CHICAGO 289 

man of the United States, was prominent and influential in turf 
affairs, especially on the Grand Circuit, and drove many celebrated 
horses, including "Maude S." John K. Scattergood received in his 
youth the advantages of the public schools of his native city and 
also those of the National Academy. As a young man he became 
identified with the hardware business, in which he eventually at- 
tained to success and with which he continued his association until 
1900. He then became associated with his brother in the grain and 
brokerage business, as a member of the firm of S. F. Scattergood 
& Company, the business dating its inception, however, back to the 
year 1895. He has given close attention to this important com- 
mercial enterprise and has been president of the Mutual Trust Com- 
pany since 1914. He is identified with the Philadelphia Commercial 
Exchange, the Philadelphia Bourse, the Philadelphia Chamber of 
Commerce, and the National Hay Exchange and National Grain 
Exchange, both of Philadelphia. He became a member of the Board 
of Trade of the City of Chicago in 1914 and is one of the non-resi- 
dent members of this commercial institution. Mr. Scattergood and 
his brothers are recognized as progressive business men and influen- 
tial citizens of Philadelphia, with abiding interest in all things per- 
taining to the civic and material well-being of the historic old city. 
He and his wife hold membership in the Presbyterian church, and 
the family home at 5045 Walnut street, is in one of the most attrac- 
tive residential sections of Philadelphia. On the 15th of November, 
1902, was solemnized the marriage of Mr. Scattergood to Miss 
Bertha Dallas, and there are three children of this union. 

Howard M. Schmeltz. — The Board of Trade of the City of Chi- 
cago is uniformly known as the greatest commercial organization 
of its kind in the world, and at the various stages in its history it has 
been specially pleasing to note that its functions and privileges have 
been appreciated and utilized by prominent exponents of the grain 
trade in other important commercial centers of the United States. 
Within the pages of this publication, therefore, it is permitted to 
accord specific recognition to a number of the non-resident members 
of the Board of Trade, and to such consideration Howard M. 
Schmeltz is well entitled. He is substantially established in busi- 
ness as a broker in stocks, bonds and grain in the city of Pittsburgh, 
Pennsylvania, with offices in the First National Bank Building; he 
became a member of the Chicago Board of Trade in 1916, and in 
the same year assumed membership also in the New York Stock 
Exchange and the Pittsburgh Stock Exchange. His well ordered 
commission business is conducted in an individual or independent 
way and in connection therewith he gives employment to an average 
corps of ten capable office assistants. Mr. Schmeltz was born in 
Pittsburgh, Pennsylvania, April 7, 1865, and is a son of John and 
Sarah J. (Craig) Schmeltz, his father having for many years been a 
successful exponent of agricultural industry in the old Keystone state 



290 HISTORY OF THE BOARD OF TRADE 

and being now one of the venerable and honored retired citizens of 
Pittsburgh. In addition to the advantages of the public schools of 
his native city Howard M. Schmeltz there attended in his youth the 
Dufif College. He had gained also practical and invigorating experi- 
ence in connection with the operations on the farm of his father, 
and as a young man he identified himself with the tea business in 
Pittsburgh. With this line of enterprise he continued his associa- 
tion thirteen years, and thereafter he engaged in the retail furniture 
business, finally becoming president of the Thomas Furniture Com- 
pany, of Pittsburgh, of which he had previously been secretary and 
treasurer. In the meanwhile, he had successfully conducted opera- 
tions also as a stock and grain broker, and since 1916 he has devoted 
his attention exclusively to this business, his success having been 
on a parity with his progressive policies and well directed opera- 
tions. Mr. Schmeltz is an active member of the Pittsburgh Cham- 
ber of Commerce, is always ready to give of his time and co-opera- 
tion in the furtherance of the civic and material interests of his 
home city, is a Republican in politics, is affiliated with the Inde- 
pendent Order of Odd Fellows, and both he and his wife are mem- 
bers of the Methodist Episcopal church. Mr. Schmeltz married 
Miss Clara M. Reisser, a daughter of Charles Reisser, of Pittsburgh. 
John Schultz. — In connection with the milling and grain busi- 
ness in western Illinois there have been few men who have wielded 
wider or more benignant influence than the sterling citizen whose 
name initiates this review and who has been actively identified with 
these important lines of industrial and commercial enterprise for 
nearly forty years. Mr. Schultz is the executive head of the firm 
of Schultz, Baujan & Company, which owns and operates the Home 
Roller Mills, at Beardstown, Cass county, and which maintains grain 
elevators not only at Beardstown but also Cass, Browning, Win- 
chester, Rushville, Baders, Kampsville, Cooperstown and Mere- 
dosia. The business of this firm was founded in 1875, and both as 
merchant millers and as dealers in grain the firm controls one of the 
most extensive enterprises of the kind in western Illinois. The finely 
equipped mills at Beardstown have a daily capacity for the output of 
fifteen hundred barrels of flour, and it may well be understood that 
with its admirable elevator facilities the firm has virtually unlimited 
storage capacity for reserve grain. John Schultz, who is still the 
active head of the extensive business which has been developed un- 
der his able and honorable management, now has as his associates in 
the enterprise his sons Edward E. and Alfred G., as well as his son- 
in-law, Clarence G. White. G. E. Baujan, one of the members of the 
original firm, was a brother-in-law of Mr. Schultz. John Schultz has 
maintained his home at Beardstown since 1871, has contributed 
largely to the civic and material advancement and prosperity of the 
thriving little city, and is one of the best known and most highly 
esteemed citizens of this section of Illinois, his record being unsullied 



OF THE CITY OF CHICAGO 291 

by any shadow of wrong or injustice and his substantial success hav- 
ing been gained through his own ability and well ordered endeavors. 
He is one of the most influential citizens of Cass county and in ad- 
dition to his milling and grain business he has given personal co- 
operation in the upbuilding of other important enterprises in his 
home city, notably the First National Bank of Beardstown, which 
was organized in 1887 and of which he is president. This substan- 
tial and important financial institution bases its operations upon a 
capital stock of one hundred thousand dollars ; its surplus fund is 
one hundred and fifty thousand dollars ; and its deposits are in ex- 
cess of nine hundred thousand dollars. John Schultz, through long 
and active experience in the grain and milling industry, naturally has 
full appreciation of the functions and facilities of the Board of Trade 
of the City of Chicago, and this great commercial organization has 
claimed him as a member since 1901. As a citizen he has ever main- 
tained the sure poise of loyalty and liberality, and has fully merited 
the unqualified confidence and esteem which he commands. His 
political allegiance is given to the Democratic party, he is affiliated 
with the Knights of Columbus, and the Benevolent & Protective 
Order of Elks, and he and his family are communicants of the 
Catholic church, his loved and devoted wife, whose maiden name 
was Rosa A. Baujan, having passed to the life eternal in January, 
1915, and being survived by two sons and one daughter. John 
Schultz was born in Ottersheim, Germany, on the 1st of June, 1849, 
a son of John Schultz and Margareth (Kohlmann) Schultz. He 
acquired his early education in the schools of his fatherland and 
was a lad of about eighteen years when he came to America in 1867. 
He learned the trade of wagonmaker and continued to follow the 
same until he became associated with the operation of the mill at 
Beardstown, the basis of his distinctive success having been estab- 
lished at this time, and the passing years having found him closely 
and influentially identified with the milling and grain business in 
this favored section of Illinois. 

Ralph A. Schuster. — For more than thirty years has Mr. Schus- 
ter been actively identified with the grain business, and his member- 
ship on the Board of Trade of the City of Chicago dates from the 
year 1892. He has long been a prominent and popular representa- 
tive of the grain commission business in Chicago and that he is in- 
fluential in connection with the government and functional activities 
of the Board of Trade is indicated by his being a member of the 
Board of Directors of this great commercial body, a position of 
which he has been the incumbent since 1914, besides which he was 
a member of the Committee of Arbitration and Appeals and has 
given specially effective service also as a member of the Grain 
Committee. In his broad and important activities as a broker Mr. 
Schuster is one of the interested principals of the representative 
corporation of Rosenbaum Brothers, of which he is Treasurer and 



292 HISTORY OF THE BOARD OF TRADE 

to the precedence of which his character and services have con- 
tributed much. He has been identified with the grain commission 
business since 1892 and has been a resident of Chicago since 1878. 
Liberality and loyalty have characterized his course in connection 
with civic affairs, and he is known as one of the broad-gauged and 
substantial business men of the western metropolis. Mr. Schuster 
claims the historic old Keystone State as the place of his nativity, 
his birth having occurred at Greenville, Mercer County, Pennsylva- 
nia, in which State were also born his parents, Phillip and Martha 
(Smoyer) Schuster. He continued his studies in the public schools 
until he had profited fully by the advantages of the high school, and 
virtually his entire active career has been one of close association 
with the line of commercial enterprise of which he is now a promi- 
nent exponent. Mr. Schuster gives his political allegiance to the 
Republican party and in a social way he maintains membership in 
the Illinois Athletic Association. The year 1899 recorded the mar- 
riage of Mr. Schuster to Miss Agnes L. Sheehan, and they have two 
children — Phillip Irving and Marion Agnes. 

Amasa U. Scoville. — The sterling citizen whose name initiates 
this review has been long and prominently indentified with the grain 
commission trade in Chicago and his membership on the Board of 
Trade dates from the year 1883. During the long period of his well- 
directed activities on the Board he has maintained an unassailable 
reputation for fair and honorable dealings and has held status as 
one of the substantial and duly conservative forces representative 
of the grain commission trade in the great metropolis of the West. 
He initiated his business career by assuming the dignified post of 
clerk in a retail grocery store at Manlius, New York, and at the 
age of nineteen years he became a pioneer in the State of Kansas. 
In the Sunflower commonwealth he continued his residence until 
1879, when he came to Chicago and identified himself with the grain 
business, as an employe of the commission firm of F. G. Kammerer & 
Company, of which he ultimately became a member and with which 
he continued his alliance during a period of ten years. In 1892 he 
formed a partnership with his younger brother, John H., with whom 
he continued to be successfully associated in the conducting of a 
substantial and prosperous commission trade in grain, under the 
itle of Scoville & Company, until 1914, when he sold his interest to 
his brother John H., since which time he has continued operations 
alone. He whose name introduces this article gives his political sup- 
port to the cause of the Democratic party, but has never manifested 
any desire to enter the arena of so-called practical politics or to seek 
public office of any description. He and his wife maintain their home 
in the idyllic suburb of Riverside, where they hold membership in 
the Presbyterian church and where he is actively affiliated with the 
Riverside Golf Club. Amasa Unruh Scoville was born at Murphys- 
boro, Jackson County, Illinois, on the 12th of December, 1857, and 



OF THE CITY OF CHICAGO 293 

is a son of Washington L. and Mary E. (Unruh) Scoville, who re- 
turned to the State of New York when he was about five years of 
age. In the public schools of the old Empire State Mr. Scoville 
continued his studies until he became eligible for admission to St. 
John's Academy, at Manlius, that State, in which town he later 
gained his novitiate in connection with business activities, as pre- 
viously noted in this context. At Manlius, New York, on the 27th 
of June, 1882, was solemnized the marriage of Mr. Scoville to Miss 
May A. Williams, and their two children are Florence O. and Walter 
A., the son being now actively associated with the business of 
Scoville & Co. 

John H. Scoville. — A prominent and successful operator on the 
Board of Trade, his membership in which dates from the year 1898, 
John Henry Scoville is the principal of the substantial grain com- 
mission firm of Scoville & Co., and has associated with him John G. 
McCarthy and Walter A. Scoville. Mr. Scoville was born at East 
Bloomfield, Ontario County, New York, on the 12th of December, 
1867, and is a son of Washington L. and Mary E. (Unruh) Scoville. 
Prior to his birth his parents had been for several years residents 
of the State of Illinois, and he was about eleven years of age when 
the family home was again established in this State, his residence in 
Chicago having been continuous since the year 1879, and here his 
studies having been prosecuted in the public schools until he had been 
graduated in the West Division high school. Soon after leaving 
school he assumed the position of settling clerk for the commission 
firm of F. G. Kammerer & Co., and later he was for some time in the 
employ of the firm of I. N. Ash & Co., both of which concerns were 
represented on the Board of Trade. In 1892 Mr. Scoville became 
associated with his brother, Amasa U., in organizing the firm of 
Scoville & Co., commission merchants in grain and provisions, and 
this firm has continued to hold definite prestige in this field of com- 
mercial enterprise, with a substantial and representative clientele 
and with inviolable reputation for careful and honorable dealings. 
Its policies have been duly conservative and its large business has 
been based upon the stable foundations of commercial rectitude 
and punctilious circumspection in furthering the interests of its 
patrons. Mr. Scoville is known as a careful and successful trader 
and on the Board of Trade his circle of friends is coincident with that 
of his acquaintances. The well-fortified political convictions of Mr. 
Scoville find exemplification in the staunch support which he gives 
to the cause of the Democratic party, and both he and his wife are 
communicants of the Protestant Episcopal church. He served three 
years as a member of Company A, First Infantry Regiment of the 
Illinois National Guard, and he holds membership in the Chicago 
Athletic Club and the Homewood Country Club, the while he is 
known as a devotee of golf and athletic sports in general. On the 
28th of October, 1897, was solemnized the marriage of Mr. Scoville 



294 HISTORY OF THE BOARD OF TRADE 

to Miss Emma May Curyea, of Chicago, and their only child is a 
daughter — Melvina. 

Henry F. Shepherdson. — In the primary or direct functioning 
of the stupendous grain trade of the United States no city takes 
precedence of Minneapolis, Minnesota, and it is therefore an impor- 
tant center also of the grain commission business. In this special 
field one of the leading concerns in the Minnesota metropolis is the 
Quinn-Shepherdson Company, which maintains its offices on the 
eleventh floor of the Flour Exchange and which bases its extensive 
operations on a capital and surplus of one hundred and seventy-five 
thousand dollars. Mr. Shepherdson, who is Secretary and Treasurer 
of the company, has been actively engaged in the grain commission 
business since 1904. In 1909, he became the prime factor in effecting 
the organization of the company of which he is now Secretary and 
Treasurer, and he represents the same on the Chicago Board of 
Trade, the company likewise holding membership in the Minneapolis 
Chamber of Commerce, the Milwaukee Chamber of Commerce and 
the Duluth Board of Trade. Vital and progressive policies have 
been brought to bear and have, in conjunction with fair and straight- 
forward dealings, resulted in the upbuilding of a substantial and 
important business by this representative corporation, of which J. 
J. Quinn is president and B. V. Loosemore, vice-president. Mr. 
Shepherdson was born in Dakota Territory, on the i8th of May, 
1876, and the place of his birth was in what is now South Dakota, 
■where his parents were pioneer settlers. He is a son of Charles A. 
and Mary (Pierce) Shepherdson, his mother having been a kins- 
woman of the late Governor Pierce. The public schools of his 
native state afforded Mr. Shepherdson his early educational ad- 
vantages, which were supplemented by his attending Yankton 
College, in the old territorial capital city of Dakota. For some time 
he was engaged in the real-estate business, and in 1904 he trans- 
ferred his allegiance to the grain commission business, in connection 
with which he has achieved definite success and prestige. The com- 
pany of which he is a resourceful executive operates one terminal 
elevator, does an extensive grain shipping business, has developed 
a substantial export trade and is one of the leading commission con- 
cerns of Minneapolis. Mr. Shepherdson pays loyal allegiance to the 
Republican party, takes active interest in all things touching the 
welfare and advancement of his home city, is affiliated with the 
Masonic fraternity and the Benevolent & Protective Order of Elks, 
and holds membership in the Minneapolis Athletic Club, as well 
as the Minneapolis Country and Golf Clubs. He and his wife hold 
to the faith of the Christian Science church. Mr. Shepherdson 
was married to Miss Bena Mortenson, a daughter of Soren Morten- 
son, and the one child of this union is Harriet Frances. 

Henry A. Shively. — At this juncture is given merited recogni- 
tion to one of the representative non-resident members of the Board 



OF THE CITY OF CHICAGO 295 

of Trade, on the rolls of which his name has been recorded since 
1908. He is known as one of the large grain operators of central 
Illinois and maintains his residence and business headquarters in 
the city of Champaign, judicial center and metropolis of the county 
of the same name, where he is the executive head of the extensive, 
well known and influential grain firm of H. A. Shively & Company, 
which not only controls a large general grain business but also 
maintains a number of well equipped elevators in the central part of 
the state. Mr. Shively is a scion of one of the old and prominent 
families of the Buckeye state and was born in Wood county, Ohio, 
on the 21st of November, 1859, a son of Ambrose and Jane (Dudds) 
Shively. The father was born in Ohio and became one of the sub- 
stantial farmers and honored citizens of Wood county. In 1865 
he came to Champaign County, Illinois, residing there until his 
death in the year 1884, his widow surviving him by a number of years 
and their children having been three in number. Henry A. Shively 
acquired his youthful education in the public schools of Illinois and 
as a young man he learned the trade of telegraphy. As an expert 
■operator he served as train dispatcher on various railroads, and he 
•continued to be thus engaged until 1884. His ambition led him into 
a broader and more independent field of endeavor and in 1887 he 
identified himself with the grain business, of which he has continued 
a resourceful and successful exponent during the long intervening 
period of thirty years, — a period marked by vigorous and resource- 
ful application on his part and also by cumulative success. As a 
liberal and progressive citizen Mr. Shively takes lively interest in 
xrommunity affairs in his home city and though he has never de- 
sired political preferment he gives staunch support to the Republican 
party. He is affiliated with the Masonic fraternity and the Modern 
Woodmen of America, and both he and his wife are active members 
•of the First Methodist Episcopal church of Champaign, in which 
city their attractive home is at 411 West White street. In 1890 
was solemized the marriage of Mr. Shively to Miss Marjorie Mott, 
.a daughter of Henry Mott, of Athens, Illinois, and the four children 
•of this union are Jerome D., Jeane, Richard, and Henry A., Jr. 

Mark Shultis. — It is a distinct privilege to enter in this history 
a memorial tribute to the late Mark Shultis, of Boston, Massachu- 
setts, who was one of the honored non-resident members of the 
Board of Trade of the City of Chicago and one of the most promi- 
nent and influential exponents of the grain trade in Boston, the sub- 
stantial business which he founded more than thirty years ago 
being continued under the active and effective supervision of his 
only son, Newton, who had been closely associated with him in 
business for a number of years prior to his death, which occurred 
January 29, 1917, at his home in the beautiful suburban city of 
Brookline. Mr. Shultis was for many years one of the extensive ship- 
pers of grain in the Bay state, and the son still retains the office, 601 



296 HISTORY OF THE BOARD OF TRADE 

Chamber of Commerce building. Mr. Schultis was born at Wood- 
stock, Ulster county, New York, and in that section of the Empire 
state he was reared to adult age, his early educational advantages 
having been those of the common schools of the locality and period. 
As a young man he came to Chicago and identified himself actively 
with the grain trade and in connection with which he had his initial 
alliance with the Board of Trade, of the functions and dignity of 
which he ever afterward continued deeply appreciative. In 1880, 
Mr. Schultis removed to Boston and established himself in the 
wholesale grain business, of which he became one of the most 
successful representatives in the city, and with which he continued 
his active association until the time of his death. He was for many 
years a member of the directorate of the Boston Chamber of Com- 
merce, besides retaining similar alliance with the Chicago Board of 
Trade and the Minneapolis Chamber of Commerce. He was well 
known among the grain dealers of both the east and the west and 
was a man whose sterling character gave him inviolable place in 
popular esteem. Mr. Shultis took an abiding interest in the basic 
industries of stock-growing and agriculture and at the time of his 
death was the owner of a fine stock farm in New Hampshire, the 
property being still retained by his son. In the state of New York, 
when a young man, Mr. Shultis married Miss Anna E. Newton, and 
she preceded him to the life eternal, their only child being Newton 
Shultis, who continues the grain business established by the father 
and who is well upholding the honors of the name which he bears, 
both as a business man and as a loyal and progressive citizen. New- 
ton Shultis was born in New York state on the 1st of January, 1876, 
and after profiting by the advantages of the public schools he com- 
pleted an effective course in the Massachusetts Agricultural Col- 
lege, in which he was graduated as a member of the class of 1896 
and with the degree of Bachelor of Science. In the same year, he 
became actively associated with his father's extensive grain busi- 
ness, and his close application and alert mentality caused him so to 
profit by the experience thus gained that he was well fortified for 
assuming sole control of the busines upon the death of his honored 
sire. In addition to holding membership in the Boston Chamber of 
Commerce he also is similarly identified with the Minnesota Pro- 
duce Exchange, in the city of Minneapolis. He is a Republican in 
politics and he remains at the fine old family homestead at 55 Lanark 
road, Brookline. 

Joseph Simons. — Those in the least familiar with the annals 
of the Board of Trade of the City of Chicago have appreciation of the 
fact that in all stages of its remarkable history there have been en- 
rolled on its membership list the names of men of splendid initiative 
ability, dynamic energy and unstinted loyalty. Such have been the 
men who have made the great organization what it is to-day, and 
such a valued, honored and progressive a member is Joseph Simons, 



OF THE CITY OF CHICAGO 297 

who is serving in 1916 as vice-president of the board and who is 
doing well his part in upholding its prestige and fine traditions. 
He is head of the grain commission firm of J. Simons & Company, 
with offices at 11 Board of Trade Building, and is a prominent and 
influential factor in the operations of the board as well as in the 
grain commission trade that finds its center in Chicago. Mr. Simons 
is a member who can claim as the place of his nativity the historic 
land which Max O'Rell termed "the right little, tight little isle," but 
he has been a resident of Chicago from his childhood and is an 
effective exponent of the vital and progressive spirit that has sig- 
nificantly animated the western metropolis. Mr. Simons was born 
at Bristol, England, on the 29th of June, 1866, and a son of Lewis 
and Jane (Jacobs) Simons. He was about four years of age at the 
time when the family came to America and established a home in 
Chicago, and in this city he was reared to manhood ; in the mean- 
while having profited fully by the advantages aflforded in the public 
schools. At the age of seventeen years Mr. Simons entered the 
employ of E. A. Bigelow & Co., then established in the grain com- 
mission trade, and he made the most of his novitiate experience 
in the line of enterprise in which he was later to achieve marked 
success and precedence. Later he was similarly associated with O. 
H. Roche, and about the year 1898, he initiated independent opera- 
tions in the commission trade, as a member of the firm of Gillick, 
Simons & Company. On the 1st of May 1903 he assumed full con- 
trol of the business of this firm, and his business operations, of broad 
and important ramifications, have since been conducted under the 
title of J. Simons & Company, his membership on the Board of Trade 
dating from the year 1890. Mr Simons maintained his home in the 
suburb of Elmhurst, and practical agriculture finds in him an ex- 
ponent, the while he gains pleasing recreation through this medium. 
He is a liberal and public-spirited citizen of the type for which 
Chicago is famous, his political allegiance in a generic way is given 
to the Republican party, and his name is found enrolled on the list 
of members of the Illinois Athletic Club, and the Chicago Automo- 
bile Club. On the 12th of November, 1900, Mr. Simons wedded 
Miss Carrie Kirschner, of Chicago, and their children are : Alex- 
ander, Raymond, Rayna, Lewis and Grace. 

William Simons. — One of the most gratifying elements in the 
history of the Board of Trade is that involved in its having at all 
stages shown facility and good fortune in recruiting its member- 
ship by enlisting the interposition of young men of sterling char- 
acter, resolute purpose, worthy ambition and correct business ideals, 
— men who have kept pace with growth and development and have 
scrupulously upheld the ethical traditions and practices that have 
made the organization a great and worthy factor in the commercial 
and industrial world. Of such able and popular young members at 
the present time William Simons is one whose character and achieve- 



298 HISTORY OF THE BOARD OF TRADE 

ment make him specially worthy of representation in this history. 
He is president of the Sawers Grain Company, of which he was one 
of the organizers and of which he became the executive head upon 
the death and as successor of the late Arthur R. Sawers, who died in 
the year 1910. Mr. Simons has shown marked resourcefulness and 
circumspection, as well as executive ability, in his association with 
the commission trade and he has secured place as one of its repre- 
sentative younger exponents on the Board of Trade, of which great 
organization he has been a member since July, 1910. Mr. Simons 
was born in Benton county, Indiana, on the 11th of February, 1880, 
and is a son of Frederick and Nancy (Weldon) Simons, his father 
having long been numbered among the progressive and successful 
exponents of agricultural industry in that section of the fine old 
Hoosier state. William Simons can not but realize that the dici- 
pline which he gained in his boyhood and youth in connection with 
the work and management of the home farm has done much to 
fortify him for effective activity in the grain trade, which bears so 
closely upon the successful handling of the products of the great 
agricultural districts of the country, and he was further favored in 
having supplemented the training of the public schools by a thorough 
course in the agricultural department of Purdue University, at 
Lafayette, Indiana, in which he was graduated as a member of the 
class of 1901, and from which he received his degree of Bachelor of 
Science. After his graduation he continued for some time his active 
association with the basic industry of agriculture. His advancement 
has been won by ability and close application and the company of 
which he is president controls a substantial and constantly expand- 
ing business, with a reputation that is a distinct commercial asset. 
Mr. Simons takes loyal interest in civic matters, is a Republican in 
his political proclivities but has had naught of inclination to enter 
the turbulence of so called practical politics. In October, 1905, was 
solemnized the marriage of Mr. Simons to Miss Eleanor Carton, 
who likewise was born and reared in Benton county, Indiana, and 
they have five sons and two daughters, — John W., James C, Fred- 
erick R., Lawrence W., William Vincent, Mary E., and Helen P. 

Henry B. Slaughter. — In connection with the grain business, 
representing one of the basic and most important phases of the 
nation's industrial and commercial enterprise, the activities of Mr. 
Slaughter have covered a period of thirty-three years, and he is to 
be credited with having been one of its pioneer exponents in the 
great wheat-production domain of the west. He has been a resident 
of Chicago since 1894, and he has brought to bear his long and inti- 
mate experience in futhering his specially successful operations as 
a trader on the board and as a prominent representative of the grain 
business in the western metropolis. He has marked with char- 
acteristic loyalty his appreciation of the functions, policies and ideals 
that have been exempHfied in this history of the Board of Trade and 



OF THE CITY OF CHICAGO 299 

that he has been influential in its government needs no further 
voucher than the statement that he served as a member of its direc- 
torate from 1901 to 1904. Henry Boehm Slaughter was born in Kent 
county, Maryland, on the 5th of March, 1858, and is a son of Henry 
B. and Margaret A. (Clements) Slaughter. He gained his earlier 
educational discipline in the schools of his native state and there- 
after completed the curriculum of the high school in the city of 
Jersey City, New Jersey. From 1872 until 1877 Mr. Slaughter was 
employed in the New York offices of the Old Dominion Steamship 
Company, and in the latter year he removed to the state of Kansas, 
where he initiated operations in the buying and shipping of grain, 
along the line of the Kansas Pacific Railroad. The rapid expansion 
of his business soon led him to establish his headquarters at Kansas 
City, Missouri, from which point he continued to conduct his opera- 
tions until 1883, when he removed to the city of St. Louis, primarily 
as a matter of commercial expediency. There he became a promi- 
nent and influential member of the St. Louis Merchants' Exchange, 
of which he served as a director in 1893-4 — up to the time of his re- 
moval to Chicago, at which time the firm of Puff, Slaughter & Com- 
pany transferred its headquarters to Chicago. The business of the 
firm was closed out the following year and Mr. Slaughter, in the 
autumn of 1895, became a member of the grain commission firm of 
A. O. Slaughter & Company. He also became an interested princi- 
pal in the firm of A. O. Slaughter, Jr., & Company, and this alliance 
continued from 1895 to 1905, since which latter year he has con- 
ducted independent operations as one of the representative grain 
brokers of the Board of Trade. Mr. Slaughter is loyal, vigorous and 
public-spirited in his civic attitude, is aligned as a staunch supporter 
of the cause of the Republican party, is a communicant of the Prot- 
estant Episcopal church, and holds membership in the Chicago 
Club and Union League Club. The marriage of Mr. Slaughter to 
Miss Nettie E. Greeno, was solemnized at Kansas City, Missouri, on 
the 18th of December, 1878, and he has one daughter, Jeanette, 
who is the wife of Charles H. Van Campen, of Minneapolis. 

Byron L. Smith. — One of the staunch, influential and valued 
members of the Board of Trade of the City of Chicago was the late 
Byron Laflin Smith, who served as its treasurer from 1882 to 1885, 
and who otherwise impressed his strong and benignant personality 
on this representative institution of the city in which he passed 
virtually his entire life and in which his death occurred, at his home, 
2140 Prairie avenue, on the 22d of March, 1914, less than two months 
prior to the sixty-first anniversary of his birth and when he was at 
the very zenith of his exalted usefulness as a loyal and progressive 
citizen and as a business man of far reaching and altogether benig- 
nant influence. To him, Chicago ever meant much, and it is uni- 
formly conceded that he meant much to Chicago, in whose history 
his name shall ever merit a place of prominence and distinction. 



300 HISTORY OF THE BOARD OF TRADE 

He gave the best of an essentially strong, noble and loyal nature to 
service as a citizen and as a man of large affairs; his course was 
guided and governed by the highest principles of integrity and honor 
and in all of the relations of a significantly successful career he 
represented a positive, vital and beneficent force, with full apprecia- 
tion of his personal stewardship. He was founder of The Northern 
Trust Company, one of the great financial institutions giving pres- 
tige to Chicago, and he served as its president until his death, in 
which connection it is interesting to note that though he became a 
power in the world of finance and commerce, his rise to such status 
represented the direct result of his own ability and well ordered 
endeavors. Though he passed from the stage of his mortal activi- 
ties in the very prime of life, yet it has been consistently written 
that "his life has been one of inestimable value to Chicago, which 
city is proud to claim him as one of her representative men." On 
the west bank of the Hudson river, at the mouth of Esopus creek, 
in Ulster county. New York, is situate the picturesque little village 
of Saugerties, which figures as the birthplace of the late Chicago 
financier and captain of industry, Byron Laflin Smith, who was there 
born on the 9th of May, 1853, and who was a son of Solomon A. 
and Mari (Laflin) Smith, his father having later become a pros- 
perous business man in Chicago, to which city the family removed 
when the subject of this memoir was an infant. In Chicago, Byron 
L. Smith was reared to manhood under gracious home auspices 
and not unpropitious general environment. He received the major 
part of his early education in well conducted private schools, and 
later he pursued higher academic studies in the old Chicago Uni- 
versity, in which he was a member of the class of 1874 and in which 
he undoubtedly quickened his appreciation of the broad culture 
which later indicated the man himself. Aside from this thought is 
an interesting incidental characterization that in later years was 
pronounced by some of his former classmates, to the effect that he 
was one of the best players on the university base-ball team and 
the first boy in Chicago to learn to throw a curve ball. He was thus 
a well balanced youth, even as he was a man of secure poise during 
the course of a signally productive and successful business career. 
Mr. Smith was an honorable life member of the Chicago Historical 
Society, and specially germane to his career are the following quota- 
tions from an appreciative estimate that is preserved in the records 
of that organization: "It will be remembered that Chicago's 
general development took a great step forward in the '50s, by reason 
of the introduction of railroads. It was, however, also a period of 
'wild-cat' and 'stump-tail' banking experiments. In 1857, through 
the activity of a few men who had sounded these theories and disap- 
proved them, there was organized the Merchants Loan & Trust 
Company, of which the father of Byron L. Smith was shortly made 
president, so continuing until his death, 1879. Of him it has been 



OF THE CITY OF CHICAGO 301 

said that he had 'no respect for the man who could draw distinctions 
between corporate and individual honesty.' Trained in such princi- 
ples, Byron L. Smith made his modest entrance in the banking 
world in 1871, as clerk and messenger of the National Bank of Illi- 
nois. One of his early duties was to assist his employer, Captain 
George Schneider, to transfer the bank's currency in an open wagon 
from under the front steps of the latter's dwelling to temporary 
quarters on the West Side, following the great fire of 1871. In 
1876 he became connected with the Hide and Leather National 
Bank ; in January, 1880, a trustee of the Merchants Loan 
& Trust Company; and on January 4, 1881, became vice- 
president of that bank, a position in which he served until 1885, 
when he resigned, with the intention of retiring from active business. 
In Andreas' History of Chicago, volume 3, appears mention at 
intervals of the enterprises with which Mr. Smith was connected 
during this time of comparative leisure, and from some of which he 
never disengaged himself. Among these were the Sunday evening 
service begun in Central Music Hall by the First Presbyterian 
Church in 1883, under Dr. Barrows, with musical service in charge 
of W. L. Tomlins, and with the support and management in the 
hands of Marshall Field, Byron L. Smith and a few others ; also the 
Chicago Musical Festival Association, on whose committee of fi- 
nance Mr. Smith served ; the Chicago Athenaeum, of which he was 
an officer; and the Citizens' League, of which he was vice-pres- 
ident. In the annals of the Chicago Historical Society the name of 
Mr. Smith appears as an annual member and treasurer in 1879, and 
in 1883 as one of four to give a thousand dollars toward relieving 
the society of a mortgage which had burdened the same since 1858. 
The list on this occasion was headed by L. Z. Leiter, and the whole 
amount was raised by nine members. In consequence of this and 
other gifts which were greatly in excess of the amount qualifying 
one for life membership, the name of Mr. Smith was transferred 
directly from the annual to the honorary life-membership roll. The 
so called 'Life-work' of Byron L. Smith began in 1889, with the 
organization of The Northern Trust Company of which he was 
president from its inception to the time of his death." From an 
editorial that appeared in the Chicago Tribune at the time of the 
death of Mr. Smith are taken the following extracts : 

"Chicago banking and business interests have lost in the death 
of Byron L. Smith an exemplar in the matter of commercial probity. 
Involved in money dealings that offered opportunities to get some- 
thing for nothing, he found no pleasure in taking that which did not 
belong to him. While this is apparently saying little, it is, indeed, 
saying much. The influence which his character necessarily exerted 
can not be measured by the ordinary standards of achievement. 
His love of children, flowers and birds was a trait of gentleness to 
be treasured in the memories of his friends. His devotion to the 



302 HISTORY OF THE BOARD OF TRADE 

practice of simple honesty in the affairs of men is an enduring 
legacy left to the community." How the genuineness and high 
ideals of the man are brought to light in the following consistent 
tributes that were paid in the press at the time when Mr. Smith 
was called to the life eternal : "He took time during his arduous 
professional labors to work steadily for the common good." "In 
the death of Mr. Smith every employe in The Northern Trust Com- 
pany, from the smallest messenger to the senior vice-president, 
feels that he has lost a personal friend." How much more sig- 
nificant are such statements than those merely designating the 
fact that Mr. Smith was the chief force effecting the upbuilding of 
a great financial institution. Apropos of the above it may be noted 
that the will of Mr. Smith made provision, in addition to the gen- 
erous pension fund which he had established, that to the employes 
who had been long associated with him in the bank be devised from 
his personal estate an amount respectively equal to half of the year's 
salary of each. In manifold ways did Mr. Smith enter into and 
contribute to the civic and commercial advancement and prosperity 
of Chicago. He became a member of the Board of Trade in the 
early days and, as previously noted, he served as its treasurer from 
1882 to 1885. He was also actively identified with the Chicago 
Association of Commerce and zealous in the furtherance of its high 
civic ideals and progressive policies. He was a director in each of 
the following named corporations : The Chicago & Northwestern 
Railway Company, the Atchison, Topeka & Santa Fe Railway Com- 
pany, the Commonwealth Edison Company, the Chicago Telephone 
Company, and various minor corporations. Of that splendid insti- 
tution bequeathed by his valued friend, the late Marshall Field, the 
Field Museum, Mr. Smith was treasurer from the time it was 
founded until his death. From 1885 to 1889 he served as a member 
of the board of trustees of St. Luke's Hospital, and from 1904 to 
1907, inclusive, he was president of the Chicago Clearing House 
Association. It is believed that no better and more merited tribute 
can be made than to draw further, with but slight paraphrase, from 
the memorial that appeared in the year book of the Chicago His- 
torical Society and from which prior quotations have been taken : 
"Mr. Smith is said to have had an original way of administering 
trusts which were committed to him. He did not leave to others 
what he could do himself. A striking example of this is shown in 
the affairs of the James C. King Home for Old Men, which he 
helped to plan with its founder, to provide such a place as they 
themselves would have enjoyed. Mr. Smith, as president of the 
institution, was apt to appear at the home without announcement 
in advance, and was not content with an inspection of the parlor, 
but included the kitchen and the quality of food prepared for his 
friends the inmates as among his proper subjects of inquiry. The 
Chicago Home for Incurables knew him not as a name only, but 



OF THE CITY OF CHICAGO 303 

as a genial friend to the most hopeless, and the Chicago Orphan 
Asylum, the Presbyterian Hospital, O. S. A. Sprague Memorial 
Institute, Chicago Railroad Mission of the Presbyterian Church, 
sick poor of the Olivet Memorial Church, and the Visiting Nurse 
Association felt the stimulus of his personal and 'big-brotherly' 
attention. With all of these duties, Mr. Smith found some time to 
'play.' He is said to have belonged to every golf club in the vicinity 
of Chicago — certainly all in the neighborhood of his summer home, 
'Briar Hall,' at Lake Forest ; and his other clubs included the 
Bankers', Chicago. Commercial, Union League, University, Mid- 
Day, and Caxton Clubs of Chicago, besides the Metropolitan Club, 
Down Town Association and Lawyers' Club of New York. On the 
day of the funeral of Mr. Smith, flags were at half-mast throughout 
the financial district, and for the first time in the history of the 
Chicago Clearing House the member banks suspended business for 
a time during the funeral services, and rich and poor throughout the 
city of Chicago united in declaring imperishable the qualities of 
kindliness and uprightness expressed by Byron L. Smith." On 
the 24th of May, 1876, was solemnized the marriage of Mr. Smith 
to Miss Carrie Cornelia Stone, who survives him, as do also their 
four sons, Solomon Albert, Walter Byron, Harold Cornelius, and 
Bruce Donald, all of whom are well upholding the honors of the 
family name. Although but thirty-seven years of age at the time 
of his father's death, Solomon A. Smith was chosen as the latter's 
successor in the office of president of The Northern Trust Com- 
pany and incidentally gained the distinction of being the youngest 
president retained by any of the larger banking institutions of his 
native city — a trust in which he has clearly demonstrated his ability, 
resourcefulness and administrative talent. The youngest son, 
Bruce D., is assistant cashier and assistant secretary of the Northern 
Trust Company. 

Orson Smith. — He whose name initiates this paragraph stands 
forth as one of the vigorous and dominating figures in the financial 
circles of the great metropolis of the West, and special interest at- 
taches to the story of his career, for he is not only a native son of 
Chicago and now one of the more venerable of its representative 
business men and public-spirited citizens, but to him belongs the 
credit of having risen through his own ability and well-ordered 
efforts to an insured status as the executive head of one of the most 
important of the great financial institutions that give solidity and 
precedence to the civic and material organization of his native city, 
where, during a career of signal usefulness and broad influence, he 
has kept an escutcheon upon which appears no blemish. His life 
has been one of prolonged and prolific application, he was President 
of the Merchants' Loan & Trust Company for eighteen years, and 
since 1916 has been Chairman of the Board of Directors of this 
institution. He has been a member of the Board of Trade since 



304 HISTORY OF THE BOARD OF TRADE 

1873, and, as has well been said, is now "one of the oldest native- 
born active business men of Chicago." By distinctive personal ac- 
complishment he has marked a place of his own in connection with 
financial, economic, commercial and civic affairs in the western 
metropolis, and it is most gratifying to be able to accord to him 
in this publication specific recognition as one of the loyal and 
honored members of the Board of Trade of the City of Chicago. 
A scion of one of Chicago's sterling pioneer families, Orson Smith 
was born in this city on the 14th of December, 1841, a son of Orson 
and Mary Ann (Paul) Smith. The early educational discipline of 
Mr. Smith was acquired in the public and private schools of his 
native city, which then gave slight evidence of metropolitan pre- 
tentions or aspirations, and at the age of fifteen years he gave incep- 
tion to his career in connection with business aflfairs by assuming 
the dignified position of bundle boy in the retail dry goods store 
then conducted, on a modest scale, by the late Potter Palmer. A 
year later, however, he took the initial progressive step that even- 
tually led him onward to his present impregnable vantage place 
as one of the most vigorous and influential financiers of Chicago. 
He obtained a minor clerical position in the banking house of F. 
Granger Adams, which later became known as the Traders' Bank. 
In 1870 he became cashier of the Corn Exchange National Bank, 
with which he continued thus to be identified until 1884. There has 
been in the career of Mr. Smith neither retrogression or the element 
of status quo, and in the latter years there was made a definite 
advancement when he assumed the office of Vice-President of the 
Merchants' Loan & Trust Company, in the development and up- 
building of which great financial institution his virile and pro- 
gressive policies and careful and steadfast executive control have 
been potent forces. He was President of this representative Chi- 
cago institution from 1898 to 1916, and concerning it the following 
pertinent and authoritative statements have been written: "This 
has become one of the strongest banks of the city, and in the volume 
of its business scarcely takes second rank to any other." The prom- 
inence of Mr. Smith in the financial world is further shown by his 
incumbency of the position of member of the Board of Trustees 
of the London Guaranty & Accident Company, of London, England. 
Mr. Smith served as Treasurer of the Board of Trade from 1872 
until 1884. He holds membership also in the Chicago Stock Ex- 
change, and he has given most effective service as a member of the 
Executive Committee of the Chicago Clearing House Association 
since 1873, a period of forty-three years, and is still a member of 
this committee, being the oldest living member. Mr. Smith holds 
membership in numerous representative organizations of his native 
city, including the Chicago, the Saddle & Cycle and the Onwentsia 
Clubs and the Society of Colonial Wars. Though he has passed 
the psalmist's span of three score years and ten, he gives in his 



OF THE CITY OF CHICAGO 305 

unimpaired physical and mental vigor a virtual denial to the years 
that rest upon his head, and is still found a zealous devotee of golf 
and fishing, the while he seeks no release from the exacting cares 
and responsibilities that rest upon him as a vigorous and resouceful 
business man. The family home of Mr. Smith is at No. 50 Bellvue 
Place. On the 14th of December, 1871, was solemnized the marriage 
of Mr. Smith to Miss Anna M. Rice, the youngest daughter of the 
late Hon. John B. and Mary Ann Rice, her father having served 
two terms as Mayor of Chicago and having represented the First 
District of Illinois in the United States Congress. In company 
with his wife Mr. Smith has traveled somewhat extensively, both in 
the United States and abroad, and he has been brought in contact 
with men and women of the highest culture and accomplishment, 
especially with those who from the period of Chicago's pioneer 
development have been prominent in the affairs of the city and have 
been most active in shaping its destiny along the lines of material, 
intellectual, social, aesthetic and moral progress. 

Ralph D. Sneath. — The Board of Trade of the City of Chicago is 
able to claim as one of its valued non-resident members this able 
and influential citizen and representative business man of the city 
of Tiffin, judicial center of Seneca County, Ohio, where he is Vice- 
President and Treasurer of the Sneath & Cunningham Company, 
which controls an extensive business in the handling of grain and 
seeds, and the scope and importance of whose operations are meas- 
ureably denoted in its maintaining of grain elevators in each of the 
following named places: Tiffin, Burgoon, Attica, Plankton, Lykens, 
Sycamore, Upper Sandusky, Bloomville, Her, Swander, Crawford, 
Republic, Bascom, Bettsville, Grant, Ridgeton, New Riegel, Mc- 
Cutcheonville, Arlington, Bucyrus, Wharton, Carey, Lemert, 
Neveda, Van Lue, Amsden, Longley, Patterson, Watson, Mount 
Blanchard, Adrian, North Auburn, Berwick, New Washington, 
Forest, Scipio, Millersville, Plymouth, Deunquat and Kansas. A. A. 
Cunningham is President of the Company, Courtney Cunningham is 
Secretary and Edwin G. Craun is Superintendent, the concern hav- 
ing precedence as one of the largest and most important of its kind 
in the State of Ohio and its business having remarkably wide rami- 
fications. The company dates its organization back to the year 
1889, and as one of its principals Mr. Sneath became its representa- 
tive on the Chicago Board of Trade in 1892. In addition to his con- 
nection with this important business enterprise Mr. Sneath is also 
President of the Commercial National Bank of Tiffin, one of the 
most substantial and ably-managed financial institutions of that 
section of the Buckeye State. Ralph D. Sneath was born at Tiffin, 
Ohio, October 31, 1863, and is a son of Samuel B. and Mary L. 
(Davis) Sneath, his father having long been a prominent grain 
merchant and banker in Ohio. Ralph D. Sneath profited fully by the 
advantages afforded in the public schools of his home city, including 



306 HISTORY OF THE BOARD OF TRADE 

the high school, and as a youth he was given a clerical position in 
the bank of which his father was an executive officer. In 1906 he 
was elected President of the Commercial National Bank of Tiffin, 
which office he has since continuously held ; 1913-14, served as Presi- 
dent of the Ohio Bankers' Association. Is also a member of the 
American Bankers' Association, in which he is a member of the 
Executive Council, also a member of the Federal Legislative Com- 
mittee. His political allegiance is given to the Republican party, 
he is one of the loyal and progressive business men and liberal 
citizens of Tiffin and is an influential figure in both civic and busi- 
ness affairs in Ohio. In the year 1886 was solemnized the marriage 
of Mr. Sneath to Miss Nancy Moore, a daughter of the late Robert 
B. Moore, of Vineland, N. J., and the two children of this union are 
Samuel B. and Emily L. 

Albert L. Somers. — Within the borders of Cook County Mr. 
Somers has maintained his residence from the time of his birth 
to the present and he early initiated what has proved a specially 
successful and influential career in connection with the commission 
trade in grain and field seeds. In this domain of commission busi- 
ness he is now President of the corporation known as Somers, Jones 
& Co., with offices in the Board of Trade Building, and his activities 
on the Board have been chiefly in the line of cash transactions in grain 
and field seeds. Mr. Somers was born at Blue Island, Cook County, 
Illinois, on the 8th of January, 1861, and is a son of Frederick and 
Marie (Krueger) Somers, who were sterling pioneers of that part 
of the country. In the public schools Mr. Somers continued his 
studies until he had availed himself fully of the advantages of the 
high school, and in 1877, as a lad of sixteen years, he found employ- 
ment with the Huck Malting Company, with which he continued his 
association until 1886. During the ensuing two years he held a 
clerical and executive position with the firm of Foss, Strong & Co., 
which was at that time the strongest and most influential concern in 
the cash and speculative grain commission business in Chicago, and 
upon assuming this connection, in 1886, he became a member of 
the Board of Trade. In 1888 Mr. Somers engaged in the grain com- 
mission business in an independent way, as head of the firm of A. L 
Somers & Co. Under this title the enterprise was successfully con- 
tinued until 1904, when the present corporation of Somers, Jones & 
Co. was formed, Mr. Somers having held the office of President 
from the time of incorporation and having directed the policies of 
his concern with consummate discrimination and due conservatism. 
On the Board of Trade he has served as a member of the Arbitration 
and Appeals Committee, and at the time of this writing, in 1916, 
he is a member of the Arbitration Committee on grass and field 
seeds. As a loyal and public-spirited citizen Mr. Somers has mani- 
fested a lively interest in all things pertaining to the welfare of his 
home city, and here he is identified with various civic organizations 



OF THE CITY OF CHICAGO 307 

of representative order. In the Masonic fraternity his ancient craft 
affiliation is with Kenwood Lodge, No. 800, Ancient Free & Ac- 
cepted Masons, and in the Ancient Accepted Scottish Rite he is 
affiliated with Oriental Consistory, besides which he is an appreci- 
ative and popular member of Medinah Temple, Ancient Arabic 
Order of the Nobles of the Mystic Shrine. In a social way he is 
identified with the Kenwood Club, and his home is at 4544 Forrest- 
ville Avenue. September 12, 1883, recorded the marriage of Mr. 
Somers to Miss Louise Fox, and they have two children — Elsa 
Louise and Helen Wheeler Somers. 

Ezra Lee Southworth. — By virtue of the broad scope and 
definite importance of its grain and seed business centered in the 
city of Toledo, Ohio, the firm of Southworth & Co. legitimately 
makes use of the functions of the Board of Trade of the City of 
Chicago, of which the senior member of the firm, Mr. Southworth, 
has been a member many years. The junior member of the firm is 
Kenton D. Keilholtz, who proves an able and valued coadjutor of 
Mr. Southworth, the latter having been for many years a prominent 
figure in the grain business in Toledo, where he has maintained 
his home for nearly half a century and where his vantage ground 
as a citizen and man of alTairs has ever been unassailable. He and 
his partner are active members of the Toledo Produce Exchange 
and the offices of the firm are in the Second National Bank Building 
of Toledo. A member of a family of seven children, Ezra L. South- 
worth was born at Geneva, Ontario County, New York, on the 31st 
of May, 1848, and is a son of the late Ezra and Lucia (Dancingburg) 
Southworth, his father having been a prosperous merchant in the 
old Empire State. In the common schools of his native common- 
wealth Ezra L. Southworth acquired his early education and he 
was twenty years of age when he established his residence in Toledo, 
Ohio, where he has since continued his activities in the grain busi- 
ness, of which he is now one of the pioneer and honored representa- 
tives in northern Ohio. Broad-minded and loyal as a citizen, he 
has always done his part in the support of measures and enterprises 
advanced for the general good of the community, the State and the 
Nation, and has given staunch allegiance to the Republican party. 
As a young man he married Miss Katherine Richards, a daughter of 
George Richards, of Toledo, and of their children none are now 
living. 

Frederick G. Sprague. — Prominent among the representative 
non-resident members of the Board of Trade of the City of Chicago 
is Frederick G. Sprague, who thus enrolled himself in October, 1916, 
and who is loyally availing himself of the unequalled advantages of 
this great commercial institution. His business headquarters are 
maintained in the city of Fort Wayne, Indiana, and he has secure 
status as an able and progressive exponent of the commission trade 
in stocks, bonds, grain, provisions, cotton, investment securities. 



308 HISTORY OF THE BOARD OF TRADE 

etc., in the Hoosier State. His facilities are amplified through his 
maintaining close relations as correspondent of the well-known firm 
of E. W. Wagner & Co., which has active representation on the New 
York Stock Exchange, the New York Cotton Exchange, the Chicago 
Board of Trade, the Chicago Stock Exchange, the Minneapolis 
Chamber of Commerce, the New York Produce Exchange, the 
Cleveland Stock Exchange, and the Milwaukee Chamber of Com- 
merce. Mr. Sprague was born in Indiana on the 7th of October, 
1871, and is a son of Frederick A. and Susan E. (Cavanaugh) 
Sprague, his father having been a farmer in Wisconsin and later 
having established the family home in Fort Wayne, Indiana. He 
whose name initiates this article received a public-school education 
and in his youth learned telegraphy. He served as telegraph oper- 
ator for various railroads and for several years was thus employed 
by E. W. Wagner & Co., besides having been similarly associated 
with the well-known grain firm of Phillips & Sprague, this alliance 
having continued until 1914. In October, 1916, after having gained 
broad and valuable experience, he established his present indepen- 
dent business, and his ability, energy, experience and unassailable 
reputation have conspired to bring about a remarkably rapid and 
substantial development and expansion of his business enterprise. 
His political allegiance is given to the Republican party and he is 
affiliated with the Masonic fraternity. Mr. Sprague wedded Miss 
Irene Eckert, daughter of Charles H. Eckert, and three children 
have been born to this union. 

George L. Stebbins. — George Lyman Stebbins, who has been 
a member of the Board of Trade for nearly a quarter of a century, 
his membership dating from January, 1892, was born at Morris, 
Illinois, October 4, 1864. His parents were Thomas Bridgewal and 
Julia Annah (White) Stebbins, and if any man on 'Change can 
boast of genuine American ancestry he can do so, for he is the 
descendant of a long line of New England ancestors. His fore- 
fathers, on his father's side, came to America, from England, in 1634, 
and were among the founders of Springfield and Northampton, 
Massachusetts ; while, on the distaflf side, his forebears came to the 
colonies in 1637, and were among the founders and earliest residents 
of Hartford, Connecticut. Later generations of the family took 
valiant part in the Revolution and helped to free this country from 
British dominion. Mr. Stebbins came with his parents to Wash- 
ington Heights, now a part of Chicago, when he was but six years 
of age. He attended the public schools until he was fifteen, and 
then, with characteristic "Young American" zeal, he started to 
make his own way in life. He was employed three years in a print- 
ing office, after which, for several years, he learned agriculture at 
first hand, on a farm in Nebraska. He returned to Chicago in 1883, 
and like many another member of the Board of Trade, began his 
connection with that institution as an office boy — in the employ of 



OF THE CITY OF CHICAGO 309 

George M. How & Co. That he was true to the record of his fore- 
fathers is shown by the fact that he served as a member of Company 
D of the Illinois National Guard from 1885 to 1887. During these 
years he worked his way from one position of trust to another, 
becoming a member of the Board of Trade in 1892. He is at present 
Secretary of the Sawers Grain Company and is a familiar and popu- 
lar figure on 'Change. Mr. Stebbins has not allowed business to 
engross all his thoughts and time. He is a member of the Masonic 
blue lodge, the National Union, Royal Arcanum and the Sons of the 
Revolution. He holds church membership in the Morgan Park 
Congregational church, and in 1913 served as treasurer of that beau- 
tiful suburb. He was married, October 10, 1889, to Miss Dora E. 
Wilcox, of Chicago, and they have an adopted daughter, Lena 
Beatrice, who is a niece of Mrs. Stebbins, and who is now Mrs. 
Charles R. Tamlyn. He has taken an active part in the civic, social 
and religious life of Morgan Park and of Chicago and is known as 
one of the most efficient and trustworthy members of the Board of 
Trade. 

Jerome G. Steever. — At this juncture is accorded well-merited 
recognition to another of the honored veterans in the grain commis- 
sion trade in Chicago, and here Mr. Steever initiated his activities 
in this important field of commercial activity in the year that pre- 
ceded the ever-memorable Chicago fire of 1871. He has held an 
enviable reputation for the careful, judicious and well-ordered nature 
of all of his transactions during the long course of years that he 
has maintained his membership on the Board of Trade, and as a 
representative of this great commercial organization he has been 
a stickler in the observance and upholding of its fine traditions and 
a loyal supporter of its fine operations and functions. He has held a 
seat on the Board of Trade since the year 1880, and as one of its old 
and honored members is specially entitled to consideration in this 
history. Jerome G. Steever was born at Newport, Perry County, 
Pennsylvania, on the 27th of February, 1849, and is a son of Mitchell 
and Catherine (McConnell) Steever. He acquired his early educa- 
tion in the common schools of Wisconsin, to which latter common- 
wealth the family removed when he was about one year of age, his 
parents having been sterling pioneers of the Badger State. After 
leaving school he entered the employ of the State Bank of Wiscon- 
sin, in the city of Milwaukee, and with this old and influential finan- 
cial institution he continued his association several years. In 1880 
he came to Chicago and engaged in the commission business in 
grain and provisions, with which he has continued his active and 
effective identification during the intervening years and to which 
he has given dignity and distinction by his sterling character and 
large and worthy achievement. From 1881 to 1884 he was a mem- 
ber of the commission firm of Cudahy & Steever. In 1902, he became 
associated with Charles B. Congdon in forming the firm of Congdon 



310 HISTORY OF THE BOARD OF TRADE 

& Steever. This alliance continued until 1912, since which time 
his business has been conducted under the title of J. G. Steever & 
Co., with offices in the Board of Trade Building. He holds member- 
ship in the Union League, the Chicago Athletic and the Exmoor 
Clubs. In the city of Milwaukee, on the 10th of October, 1876, was 
solemnized the marriage of Mr. Steever to Miss Fanny Davlin, and 
their three children are: C. Miriam, Jerome E. and Frances H. 

William H. Sterling. — The membership rolls of the Board of 
Trade give evidence that on the same are represented the names of 
a goodly quota of the native sons of Chicago who have here ad- 
vanced to positions of prominence and influence in the commercial 
world and especially in connection with the gigantic operations of 
the Board. Mr. Sterling takes due pride and satisfaction in claiming 
Chicago as the place of his nativity and has here achieved distinctive 
success in connection with the dominant commercial body to which 
this publication is devoted. He is now the executive head of the 
representative firm of W. H. Sterling & Co. and is known and valued 
as one of the vigorous and loyal members of the Board of Trade as 
well as a representative figure in the business activities of his native 
city. Mr. Sterling was born in Chicago on the 21st of September, 
1859, a son of the late Isaac B. and Marietta (Tuller) Sterling, who 
are consistently to be designated as having been honored pioneers of 
the great western metropolis, within whose borders they continued 
their residence until their death. Reared to adult age under the 
conditions and influences that obtained in Chicago when it had slight 
semblance to the great metropolis of the present day, William H. 
Sterling continued his studies in the public schools until he had 
completed the curriculum of the high school, and it may well be 
stated that his association with the brokerage business has been 
maintained throughout his entire active career. In 1876 he began 
his novitiate in this important field of enterprise, and his member- 
ship in the Board of Trade dates from January 22, 1881. For a num- 
ber of years he was a member of the firm of Henry D. Warner & 
Co., and on the 1st of May, 1889, he organized the brokerage firm 
of Fowler & Sterling, in which his coadjutor was Charles I. Fowler. 
This alliance continued until September 1, 1894, and from 1898 to 
1908 Mr. Sterling was one of the principals in the enterprising firm 
of W. H. Sterling & Co., which has since continued in control of a 
substantial and important business and through the medium of 
which Mr. Sterling is well upholding the high reputation which he 
has always held as a member of the Board of Trade. He is popular 
in both business and social circles in his native city and holds 
membership in the Chicago Athletic Club and the Windsor Golf 
Club. His loyalty to Chicago is of the most insistent order and he 
is at all times ready to lend his influence and co-operation in the 
furtherance of measures and enterprises projected for the good of the 
city. March 14, 1883, recorded the marriage of Mr. Sterling to 



OF THE CITY OF CHICAGO 311 

Miss Stella Gushing, and she was summoned to eternal rest on the 
6th of November, 1910, being survived by two children — William 
H., Jr., and Jessie. 

Alexander Stewart. — With all of consistency the city of Minne- 
apolis has contributed its goodly quota of active members to the 
Board of Trade of the City of Chicago, and prominent among the 
number is Mr. Stewart, who is Vice-President and General Manager 
of the F. H. Peavey Grain & Elevator Company, of Minneapolis, 
which is one of the most extensive grain elevator concerns in the 
Northwest, with control of a widely-extended chain of country and 
terminal elevators. Mr. Stewart is also Vice-President of the Mon- 
arch Elevator Company, the President of which is Frank T. Hefifel- 
finger, of whom individual mention is made on other pages of this 
work. The other officers of the company are as here noted : F. B. 
Wells, Vice-President; H. G. Dickey, Vice-President ; C. F. Deaver, 
Treasurer; Henry Nelson, Secretary; J. F. White, Assistant Secre- 
tary, and W. L. Smith, General Superintendent. Mr. Stewart is 
thus associated with very extensive and important grain commerce 
and in the connection is definitely appreciative of the functions and 
privileges of the Chicago Board of Trade, of which he has been a 
member since 1891, besides which he retains membership in the 
Minneapolis Chamber of Commerce, the Duluth Board of Trade 
and the Milwaukee Grain Exchange. Mr. Stewart is a native of 
the West, has shown in his activities and achievement the pro- 
gressive spirit that has significantly dominated that great division 
of our national domain, and has the distinction of being a scion of 
one of the very early pioneer families of the Hawkeye State. He was 
born in Delaware County, Iowa, October 3, 1847, and is a son of 
William Stewart, who was of Scotch lineage, and who became one 
of the earliest settlers of Delaware County, Iowa, where he re- 
claimed a farm from the virgin wilds, and where he continued farm- 
ing until his death, which occurred in 1865. He whose name begins 
this review gained in his youth a full measure of experience in con- 
nection with the work of the pioneer farm, and in the meanwhile 
did not fail to profit fully by the advantages afforded in the common 
schools of the locality and period. He remained on his father's farm 
until he was fifteen years of age and then identified himself with 
the buying and shipping of grain, thus becoming one of the early and 
youthful exponents of this important line of commercial enterprise 
in his native State. He has been a resident of Minneapolis for many 
years and has there been associated with the grain trade during the 
long intervening years, which have brought to him marked prom- 
inence and influence in this field. His alliance with the late Frank 
H. Peavey began in 1893, and from that time to the present he 
has been associated with the extensive business of which Mr. Peavey 
was the founder. A veteran in the g^eat grain trade of the North- 
west, Mr. Stewart has also stood exponent of most loyal and pro- 



312 HISTORY OF THE BOARD OF TRADE 

gressive citizenship at all stages in his earnest and successful career, 
and his political allegiance is given to the Republican party. He is 
affiliated with the Masonic fraternity and he and his wife hold mem- 
bership in the Congregational church, their attractive Minneapolis 
home being at 3413 Park Avenue. Mr. Stewart was married to 
Miss Orcelea Pettitt, a daughter of the late Charles Pettitt, and the 
one child of this union is Frederick Alexander, who is actively asso- 
ciated with business aflfairs in Minneapolis. 

John J. Stream. — The contingent of native sons of Chicago that 
is found represented on the membership rolls of the Board of Trade 
is one of very appreciable order and one that has lent its quota of 
dignity and distinction to this great commercial body of the western 
metropolis. John Joseph Stream has specific and influential assign- 
ment with this contingent, and though as a youth he effectively pre- 
pared himself for the legal profession, he has found in the grain com- 
mission trade his principal field of endeavor and has become one of 
its prominent and influential exponents in his native city. He is 
one of the two principals in the commission firm of Shaffer & Stream, 
in which his coadjutor is Carroll Shafifer, and is a member also of 
the firm of J. C. Shaffer & Co. His record as a business man has 
been marked by splendid initiative and executive ability and his 
advancement in the commercial world has been won through earnest 
and worthy endeavor in which he has manifested a fine sense of 
personal stewardship. Mr. Stream has been a member of the Board 
of Trade since 1902 and has given to the same effective service in 
the office of Director. He is one of the strong and popular represen- 
tatives of the grain trade on the Board and consistently is given 
specific recognition in this publication. Mr. Stream was born in 
Chicago on the 1st of February, 1870, and is a son of Joseph and 
Mary Stream. After having profited fully from the advantages of 
the public schools Mr. Stream followed the course of his youthful 
ambition and entered upon the work of preparing himself for the 
legal profession. Though he has not been actively engaged in the 
practice of law he has found his technical knowledge of great value 
in connection with the practical aflfairs of his significantly successful 
business career. After leaving the public schools he entered the 
Chicago College of Law, and in this institution he was graduated 
as a member of the class of 1892 and with the well-earned degree of 
Bachelor of Laws. He was duly admitted to the bar of his native 
State, but has applied his professional knowledge to his business 
activities rather than to the general practice of his profession. Prior 
to entering the law school Mr. Stream had initiated his business 
career by assuming the position of office boy for Charles Counsel- 
man & Co., and he long continued to be identified with the important 
Counselman interests, under various corporate titles. He became 
President and Treasurer of the Chicago Grain & Elevator Company, 
of which dual office he continued the incumbent until 1906, this 




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X 



M^ 



OF THE CITY OF CHICAGO 313 

company operating a chain of country grain elevators in Iowa, along 
the line of the Chicago, Rock Island & Pacific Railroad. Mr. Stream 
is at the present time President of the South Chicago Elevator Com- 
pany, and, as previously stated, his activities in the grain commis- 
sion trade are represented in his membership in the firm of Shaffer 
& Stream and that of J. C. Shaffer & Co. Mr. Stream is a member 
also of the Memphis Merchants' Exchange, the St. Louis Merchants' 
Exchange, the Omaha Board of Trade, and the Baltimore Chamber 
of Commerce, and is a Director in the National Grain Dealers' Asso- 
ciation. He holds membership in the Union League, the Chicago 
Athletic and the Westmoreland and Chicago Yacht Clubs. The 
year 1897 recorded the marriage of Mr. Stream to Miss Martha 
Avery Clarke, of Rock Island, Illinois, and they have one daughter — 
Edna. 

Robert Stuart. — One of the Nation's great industrial and com- 
mercial enterprises is that represented in the operation of the Quaker 
Oats Company, the name of which has become familiar throughout 
the length and breadth of the land, and it is interesting to find 
this progressive corporation effectively represented on the Board 
of Trade of the City of Chicago by its efficient Treasurer, the popular 
member whose name initiates this paragraph and who had pre- 
viously gained large and varied experience in connection with prac- 
tical milling enterprise. Mr. Stuart was born at Ingersoll, Province 
of Ontario, Canada, on the 22d of November, 1852, and is a son of 
John and Elsie (Bremner) Stuart. To the public schools of his 
native Province is he indebted for the excellent educational dis- 
cipline which he received in his youth, and from 1871 to 1873 he 
was identified with the grain and flour-milling operations in Ontario. 
In the latter year he came to the United States and established his 
residence in the city of Cedar Rapids, Iowa, where he became junior 
member of the firm of Douglass & Stuart, which, with a well- 
equipped plant that was kept up to the best modern standard, 
developed a substantial business in merchant milling enterprise. 
Mr. Stuart continued his residence at Cedar Rapids until 1879, when 
he removed with his family to Chicago and became the represen- 
tative of his firm in this metropolitan center, his membership on 
the Board of Trade having had its inception inl879 and it having 
been within his ambition and ability to gain prominence as one 
of the discriminating and successful traders of this great commercial 
organization, as well as authoritative status in connection with the 
grain business. In 1890 the firm of Douglass & Stuart sold its mills 
to the American Cereal Company, and of this corporation Mr. Stuart 
continued to serve as Treasurer until the organization of the Quaker 
Oats Company, when he assumed the same fiscal position with the 
latter, a position of which he has since been the incumbent. Mr. 
Stuart has been a powerful factor in directing the policies and effect- 
ing the development of the gigantic business now controlled by this 



314 HISTORY OF THE BOARD OF TRADE 

important industrial corporation, and he is effectively representing 
its interests as an operator on the Board of Trade. He has gained 
secure place as one of the vigorous and resourceful business men of 
Chicago, is broad-minded and public-spirited in his civic attitude 
but has had no desire for public office or political activity. He was 
President of the American Exchange National Bank of Chicago 
from 1893 to 1898. He holds membership in the Chicago Club, the 
University Club, the South Shore Club, and also the Mt. Royal Club 
of Montreal, Canada, and both he and his wife are members of the 
Presbyterian church. On the 2d of August, 1876, was solemnized 
the marriage of Mr. Stuart to Miss Margaret Sharrar, and they have 
three children — John, Margaret and Robert D. 

Henry D. Sturtevant. — A scion of a sterling old family whose 
name has been worthily linked with American history since the 
early colonial era, Henry Dexter Sturtevant stands exponent of the 
best American spirit, both as a citizen and as a business man, and 
in the varied relations of life he is well upholding the prestige of the 
honored name which he bears. Mr. Sturtevant has been a resident 
of Chicago since 1884 and has been continuously and prominently 
identified with the stock and grain commission trade, of which he is 
one of the prominent and influential exponents in the western 
metropolis. He is now a member of and a Chicago representative of 
the well-known firm of Raymond, Pynchon & Co., which has mem- 
bership not only on the Board of Trade of the City of Chicago, but 
also on the New York Stock Exchange and all other leading Ex- 
changes. He has been one of the interested principals in this repre- 
sentative stock, bond and grain concern since 1884. Resourceful- 
ness and versatility have characterized his career in the commission 
business and his prominence and success as a broker make him 
specially eligible for recognition in this publication. Mr. Sturtevant 
was born at White Lake, Muskegon County, Michigan, on the 9th 
of June, 1862, his parents, James D. and Minerva (Hills) Sturtevant, 
having been representatives of the pioneer element of citizenship in 
the Wolverine State and his father having been a descendant of one 
of the staunch old colonial Dutch families of Massachusetts and 
Vermont. To the public schools of Michigan Mr. Sturtevant re- 
verts as the medium through which he gained the early education 
that aided in preparing him adequately for the active duties and 
responsibilities of life, and he was a young man of twenty-two years 
when, in 1884, he established his residence in Chicago, which city 
has been the stage of his progressive and cumulative activities as a 
man of affairs and as a loyal citizen fully en rapport with the spirit 
of this great metropolitan center. Upon coming to Chicago Mr. 
Sturtevant entered the employ of the firm of Counselman & Day, 
and of this old and influential concern he became a partner in the 
year 1896, this advancement indicating fully the objective apprecia- 
tion of his ability and effective application of his powers. Upon 





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OF THE CITY OF CHICAGO 315 

the dissolution of the origfinal firm Mr. Sturtevant continued his 
association with the late and honored Charles Counselman and at 
the time of the latter's death he was left as the only surviving mem- 
ber of the firm of Charles Counselman & Co., which had become 
one of the foremost in the local field of stock, bond and grain brok- 
erage. On the 21st of May, 1904, Mr. Sturtevant, as the only sur- 
viving member of this firm, consolidated its business with that of 
Shearson, Hammill & Co., of New York City, and became the resi- 
dent partner in Chicago. This alliance continued until July, 1914, 
when he became one of the principals in the well-known firm of Ray- 
mond, Pynchon & Co., to the furtherance of whose large and im- 
portant business he has since given his effective attention, the 
province of the firm including the handling of stocks, bonds and 
grain and its Chicago offices being in the Rookery Building. Mr. 
Sturtevant is a Republican in his political allegiance, is actively 
affiliated with the Society of Colonial Wars, and he is identified 
with the Chicago, the Union League, the Chicago Athletic, the Mid- 
Day, the Chicago Golf and the Indian Hill Clubs, besides which 
representative social organizations of Chicago he holds membership 
also in the Minneapolis Club. 

Theodore W. Swift. — One of the strongest and most influential 
concerns represented in the wholesale grain trade in the city of 
Detroit, Michigan, is the Swift Grain Company, of which the vigor- 
ous and progressive chief executive is he whose name initiates this 
paragraph. The company is represented on both the Chicago Board 
of Trade and the Detroit Board of Trade, of which former institu- 
tion, the largest of the kind in the world, Mr. Swift became a member 
in 1914. The Swift Grain Company, of which the subject of this 
review is president, is the lineal successor of the G. L. McLane Com- 
pany, which initiated operations in the grain commission trade in 
Indiana in the year 1880, the enterprise being continued under this 
title until 1900, when the newly-organized firm of McLane, Swift & 
Co. assumed control of the well-established enterprise. In 1913 the 
latter concern was succeeded by the Caughey-Swift Company, 
Frank T. Caughey becoming at this juncture the chief coadjutor 
of Mr. Swift, whose association with the business dates from the 
year 1900, though he did not establish his residence in Detroit until 
1913. The Caughey-Swift Company continued operations until 
1915, in the autumn of which year a reorganization was made and 
the present Swift Grain Company took control of the extensive and 
old-established wholesale and retail business, with Theodore W. 
Swift as President of the new corporation. The company has con- 
trol of excellent grain elevator facilities, its main offices are in the 
Chamber of Commerce Building in Detroit, and here is retained an 
efficient corps of eleven employes. Mr. Swift was born in Lorain 
County, Ohio, on the 10th of June, 1865, and is a son of Elijah E. and 
Margaret (Wells) Swift, the father having long been a successful 



316 HISTORY OF THE BOARD OF TRADE 

farmer in the old Buckeye State and having passed the closing years 
of his life at Battle Creek, Michigan, where his death occurred in 
1907, his wife having died in 1901. To the public schools of Ohio 
Theodore W. Swift is indebted for his early educational discipline, 
and there he gained his initial business experience through his con- 
nection with a general merchandise enterprise, in connection with 
which was maintained an adjunct enterprise in the buying and ship- 
ping of grain. Finally Mr. Swift estabhshed his residence in the 
city of Battle Creek, Michigan, where he maintained his home about 
twelve years and where his attention was given principally to the 
grain business. In 1913 he transferred his residence to Detroit, and 
here he has secure vantage ground as an able and successful ex- 
ponent of the grain business, in all details of which he is a recognized 
local authority, as executive head of one of the largest concerns 
there exploiting this important line of industrial and commercial 
enterprise. In politics he is a staunch Republican and he is affiliated 
with the Masonic fraternity. February 28th, 1897, Mr. Swift mar- 
ried Mary L. Miller, of Union Mills, Indiana, and they have three 
children — Leland M., Gertrude and Josephine. 

Richard T. Sylvester. — Another of the native sons of Chicago 
who worked his way forward to influential status as a member of 
the Board of Trade was the late Walter Thorpe Sylvester, who 
became a member of this great commercial body on the 3d of Sep- 
tember, 1890, and who continued as one of its active and valued 
traders and popular representatives until the time of his death, 
which occurred March 12, 1911. He was generous to a fault and 
his genial and kindly nature endeared him to his fellow members, 
so that his death was deeply deplored in Board of Trade circles, as 
well as in social coteries with which he had been associated. 
Mr. Sylvester was born in Chicago on the 6th of November, 1865, 
and thus he was not yet fifty years of age when he passed from the 
stage of life's mortal endeavors, in the very prime of his strong and 
useful manhood. He was a son of Simeon Eli and Emma 
(Jenkins) Sylvester, and his early educational advantages were 
those afforded in the public schools of his native city. He initiated 
his association with the practical affairs of life when he assumed 
the position of office boy for the well-known firm of W. P. Harvey 
& Co., which was then one of prominence on the Board of Trade. 
His ambition and close application resulted in his making definite 
advancement and he eventually figured as head pit trader for Car- 
rington, Hanna & Co. and other well-known firms of the Board of 
Trade. After having been for many years an active and successful 
trader he formed a partnership with Walter Comstock and engaged 
in the grain commission trade in an independent way, as a member 
of the firm of Walter Comstock & Co., with which he continued 
his identification until the time of his death. Mr. Sylvester served 
for a number of years as an active member of the Second Infantry 



OF THE CITY OF CHICAGO 317 

Regiment of the Illinois National Guard, held membership in the 
Chicago Athletic Association and the Chicago Yacht Club, was 
affiliated with the Benevolent & Protective Order of Elks, and in the 
Masonic fraternity he was affiliated with Home Lodge, Ancient 
Free & Accepted Masons ; Chicago Chapter, Royal Arch Masons ; 
Chicago Commandery of Knights Templars, and Medinah Temple 
of the Ancient Arabic Order of the Nobles of the Mystic Shrine. 
He was a talented musician and for a long period served as a valued 
member of the vested choir of the Cathedral of SS. Peter and Paul, 
the See church of the Protestant Episcopal Diocese of Chicago. 

Charles H. Taylor. — Son of Rev. Charles C. and Henrietta S. T. 
(Smith) Taylor, was born in Ann Arbor, Michigan, November 2, 
1844. He was educated in the public schools of Kalamazoo, and at 
Blasdell's Academy in Newton Lower Falls, Massachusetts. In the 
Civil War he served in the Second Michigan Infantry, and came to 
Chicago in 1865 as bookkeeper and cashier for Bradner Smith & Co., 
wholesale paper dealers. He remained in the employ of this firm and 
of George C. Smith & Bro., bankers, until 1868, when he became 
a member of the Board of Trade. In 1869 he organized the firm of 
Taylor & Hurlbut, his partner being Joseph H. Hurlbut. After the 
Chicago fire this firm was dissolved, and the firm of C. H. Taylor & 
Co. established, the junior partners being consecutively, W. A. Ray, 
Alexander Davidson and Charles M. Goodrich. Owing to impaired 
health Mr. Taylor was compelled to retire from the commission 
business in 1887, and he spent several years in California. He was 
a member of the Arbitration Committee of the Board of Trade, in 
1877 and 1878, and a Director in 1902-3-4. He has never held public 
office, but was commander of George H. Thomas Post, No. 5, De- 
partment of Illinois, Grand Army of the Republic, in 1903, President 
of the Grand Army Memorial Association of Cook County in 1905, 
President of the Western Society of the Army of the Potomac in 
1910, and is now a Director of the Grand Army Hall, and Memorial 
Association of Illinois. In 1877, upon the outbreak of the railway 
riots, he was appointed Commissary of the First Brigade, Illinois 
National Guard, with the rank of Captain, and served about two 
years. He has been for many years a Director of the Chicago Astro- 
nomical Society, acting for a portion of this time as Secretary of this 
Society, and is now its Treasurer. He was for many years a member 
of the Chicago Literary Club, from which he resigned in 1915, and 
is now a member of the Chicago Historical Society, and of the Amer- 
ican Historical Association. He married in 1877 Jane Fitzhugh, 
daughter of Charles C. and Jane M. Fitzhugh, of Bay City, Michigan. 
Only one of his children is now living. 

Carlos H. Thayer. — For more than thirty years enrolled as a 
member of the Board of Trade of the City of Chicago, Mr. Thayer 
has had broad and varied experience in connection with the grain 
commission trade and since 1896 has been associated with the rep- 



318 HISTORY OF THE BOARD OF TRADE 

resentative commission firm of E. W. Bailey & Co., with offices in 
the Board of Trade Building. The major part of his active career 
has been one of close and successful identification with the line of 
business of which he is now a representative, and through his own 
ability and close application he has made his way to the front in his 
chosen vocation. He advanced from a clerical position to that of 
office manager within the decade of his association with the com- 
mission firm of W. F. Johnson & Co., with which he continued his 
affiliation from 1880 until 1890 in the capacity of representative of 
the firm on the Board of Trade, and since 1896 he has been a valued 
executive with E. W. Bailey & Co., his membership on the Board 
of Trade dating from 1882 and his reputation being that of a careful 
and discriminating trader and salesman. Carlos Haviland Thayer 
claims the fine old Buckeye State as the place of his nativity and has 
maintained his association with business activities in Chicago since 
1876, his home being in the fine suburb of Hinsdale, where he holds 
membership in the Hinsdale Club and the Hinsdale Golf Club, be- 
sides having secure status as one of the progressive and public-spir- 
ited citizens of that attractive little suburban city. He was born 
at Conneaut, Ashtabula County, Ohio, on the 2d of July, 1859, and 
is a son of Lewis A. and Laura A. (Haviland) Thayer. His early 
educational advantages included not only those of the public schools 
of his native place, but also of the Conneaut Academy, and his 
association with the grain trade was initiated when he was a youth, 
as indicated by the fact that he was but twenty-two years of age 
when he gained admission as a member of the Board of Trade of the 
City of Chicago. In the same year, 1882, was solemnized his mar- 
riage to Miss Amey C. Slocum, and they have one child — Robert 
Henry Thayer. 

Frank W. Thomas. — Mr. Thomas has been a member of the 
Board of Trade since 1898, and since 1891 actively identified with the 
representative firm of A. O. Slaughter & Co. He was born at Point 
Pleasant, Ohio, September 18, 1870, a son of Henry and Lucy 
(Sweetland) Thomas. He came with his parents to Chicago in 1875 
and was educated in the public schools. In 1885 he entered the em- 
ploy of the Chicago banking house of Beveridge & Dewey, and later 
was with Van Zandt & Haskins. In 1888, he entered the employ of 
the American Exchange National Bank of Chicago, remaining there 
until he became associated, in 1891, with A. O. Slaughter & Co. 
Mr. Thomas is a member also of the Chicago and the New York 
Stock Exchanges, the New York Cotton Exchange and the New 
York Cofifee Exchange, the Chicago Athletic Association and the 
Oak Park Country Club. 

Walter A. Thomas. — In the grain, stock and bond brokerage 
business in Minneapolis one of the leading and influential concerns 
is the W. A. Thomas Company, of which the subject of this brief 
review is President and which he has represented as a member 



OF THE CITY OF CHICAGO 319 

of the Board of Trade of the City of Chicago since the year 1905. 
It is gratifying to be able to accord to Mr. Thomas and his company 
specific consideration in this history of the Board of Trade. Mr. 
Thomas is also Vice-President and General Manager of the Great 
Northern Flour Mills of Minneapolis, and is an influential business 
man of the Minnesota metropolis, where he established his residence 
in the year 1890 and where he has been engaged in the brokerage 
business since 1900. The well-appointed offices of the W. A. 
Thomas Company are located at 65 South Fourth Street and the 
business of the concern is of broad scope and importance in connec- 
tion with operations in grain, stocks and bonds. W. B. Grosskopf 
is Vice-President of the company and Earl V. Humlong is Secretary 
and Treasurer. Walter A. Thomas takes a due measure of pride in 
reverting to the Empire State as the place of his nativity. He was 
born in New York on the 30th of November, 1871, and is a son of 
Gorton F. and Fannie A. (Nimolis) Thomas, his father having long 
been numbered among the prosperous farmers of New York State 
and having later been successfully engaged in the real estate busi- 
ness, until his death in the year 1910. The public schools afforded 
to Walter A. Thomas his early educational advantages and Minne- 
apolis has been the stage of his progressive business activities since 
he was a youth, his advancement being the result of his own ability 
and well-directed endeavors, and he holds a prominent place in con- 
nection with the business affairs of Minneapolis, where his circle of 
friends is coincident with that of his acquaintances. In addition to 
his connection with the Chicago Board of Trade he is a member also 
of the Minneapolis Chamber of Commerce and the Minneapolis 
Stock Exchange. He holds membership in leading clubs and other 
civic organizations in his home city, is affiliated with the Benevolent 
and Protective Order of Elks, and his political allegiance is given 
unreservedly to the Democratic party, though he has had neither 
time nor inclination for special political activity or for the honors 
of public office. Mr. Thomas was married to Miss Lillian Clark, a 
daughter of Andrew J. Clark, and the one child of this union is a 
daughter, Lorrene, the family home being at 2207 Hennepin Avenue. 
Paul Tietgens. — The intense individuality of Paul Tietgens has 
been shown distinctly in every phase of his career since he came 
from his native Germany as a young man and launched himself 
boldly and vigorously upon the sea of important business activities 
of Chicago. Here he has made for himself a place of prominence 
and influence as an exporter of provisions and a resourceful, loyal 
and progressive member of the Board of Trade, besides which the 
social instincts of his buoyant personality have made him a popular 
factor in yachting circles and other realms of diversion and civic 
activity. Mr. Tietgens has been a member of the Board of Trade 
since 1896, has served three consecutive years as one of its Directors 
and has also been called upon to serve on many of its most important 



320 HISTORY OF THE BOARD OF TRADE 

committees, in each of which connections his effective work has 
fully justified the wisdom of the choice. With characteristic zeal 
and earnestness he has given much thought, time and service in 
promoting the best interests of the Board of Trade, and he is one of 
its most appreciative and popular members. He was the founder 
and is the executive head of the well-known firm of Paul Tietgens 
& Co., which has become one of the foremost in provision export 
business centered in Chicago. Paul Tietgens was born in the city 
of Hamburg, Germany, on the 11th of July, 1869, his father, Heinrich 
Adolph Tietgens, being a representative business man of Hamburg, 
where he was the agent of the great Chicago house of Armour & Co. 
for all of Germany and where, as a dealer in lard, tallow and oils, 
he was an exponent of a line of enterprise with which the family 
name has been prominently identified in Germany for fully a century 
and a half. To the admirable schools of his native city Paul Tietgens 
is indebted for his early educational discipline, and while still a boy 
he became actively associated with his father's business activities in 
Hamburg, and thus he early gained most valuable experience. In 
1891 he came to America for the purpose of entering the employ of 
Armour & Co., and he continued in the service of this great Chicago 
concern until July, 1893, when he returned to his native city. In 
the autumn of the following year, however. Armour & Co. called 
him back to the United States, and he continued his association 
with this corporation until 1896, when he became a member of the 
firm of Martin M. Schultz & Co. In 1911 he became the head of the 
new firm of Paul Tietgens & Co., which succeeded to the business of 
the firm previously mentioned, and he has since had as his able and 
valued coadjutor William W. Hampe, who is the junior member of 
the firm and who is individually mentioned on other pages of this 
volume. Well worthy of perpetuation in this connection is the fol- 
lowing extract from a Chicago daily newspaper of recent date : 
"Coming to Chicago from Hamburg, Germany, Paul Tietgens in 
1894 sought a business connection along the lines in which his family 
had been engaged for three generations — namely, lard, tallow and 
oils. The training which he had received in the great German ship- 
ping port, the apprenticeship he served in continental houses, 
equipped him in a remarkably efficient way to make rapid headway 
in a strange land, among strange people, and to win in a remarkably 
short time a recognized standing on the Board of Trade as a man 
who thoroughly understood his line. He formed a partnership with 
William W. Hampe and succeeded to the business of Martin M. 
Schultz & Co., a well-known house, whereupon he straightway be- 
came prominent on the Board of Trade. Members of the New York 
Produce Exchange, and with a wide and close acquaintanceship with 
large foreign buyers, the house of Tietgens found a profitable line 
in the export trade. This is not to be wondered at when it is remem- 
bered that Paul Tietgens is descended from a family which has been 



OF THE CITY OF CHICAGO 321 

in this line for generations. So firmly established was it that the 
very name of Tietgens gave a prestige in foreign ports worth thou- 
sands of dollars to the new firm. Nor was Mr. Tietgens' choice of 
a partner a haphazard affair, for William Hampe entered this busi- 
ness as a boy, worked his way through from a mere messenger up 
to a recognized position on the floor of the Chicago Board of Trade 
and became known as a thoroughly informed man of affairs, as well 
as an expert on lard, oils and tallow. The combination of these 
two strong personalities, co-operating in a single firm, has resulted 
in securing exceptionally good business, which is increasing year 
by year in a most satisfactory manner." In a social way Mr. Tiet- 
gens is identified with such representative organizations as the On- 
wentsia Club, the University Club at Evanston, and the Chicago 
Yacht Club. He finds his chief recreation in yachting, shooting and 
equestrian exercise, and as a skilled and enthusiastic yachtsman he 
is one of the leaders in this splendid field of sport in Chicago. On 
the 22d of February, 1898, was solemnized the marriage of Mr. Tiet- 
gens to Miss Virginia C. Cofifee, of Chicago, and their attractive 
home is at 1622 Forrest Place in the beautiful suburban city of 
Evanston. They have two daughters — Virginia G. and Marie Eliza- 
beth. 

Gardiner B. Van Ness. — In 1894, when twenty-three years of 
age, Gardiner Bailey Van Ness became a duly constituted member 
of the Board of Trade of the City of Chicago, and his entire active 
career has been one of close and effective association with the grain 
trade that is centered in his native city and in the operations of the 
Board of Trade, recognized as the greatest commercial body of the 
kind in the entire world. Mr. Van Ness stands today as one of the 
prominent and influential exponents of the cash grain and receiving 
business, his high reputation for wise and discriminating utilization 
of the functions of the Board of Trade constituting in itself an asset 
that has tended greatly to conserve the success of his broad and 
varied operations in the grain business. In his association with the 
affairs of the Board Mr. Van Ness has devoted considerable time and 
thought to committee work and has served at diflferent times on 
several of the important committees. He was the originator of the 
Call Committee and was one of its members for some time. He was 
concerned also in the organization and establishing of the Receivers' 
Association, of which he was the first President, and he accorded 
likewise effective service as a member of the Transportation Com- 
mittee. He is known as one of the loyal, appreciative and public- 
spirited citizens of the great metropolis that has always been his 
home and in which he was born in the year that marked Chicago's 
devastation by the ever-memorable fire of 1871. Gardiner B. Van 
Ness was born in Chicago on the 4th of March, 1871. and is a son of 
Isaac R. and Caroline A. (Bailey) Van Ness. His attendance in 
the public schools continued until he had completed the curriculum 



^2 HISTORY OF THE BOARD OF TRADE 

of the grammar school, and, as previously intimated in this context, 
he has been continuously connected with the grain trade in his 
native city since his early youth. He has recently effected a reorgan- 
ization of his grain business, and the new Gardiner B. Van Ness 
Company instituted operations under this title on the 1st of January, 
1917. He holds membership in the Chicago Athletic Association 
and the Edgewater Golf Club, and is affiliated with the Masonic 
fraternity and the Royal League. On the 3d of January, 1905, was 
solemnized the marriage of Mr. Van Ness to Miss Edith Radford, 
of Chicago, and they have two sons — Gardiner B., Jr., and Carroll 
Radford. 

William H. Van Sant. — The R. F. Cummings Grain Company 
is one of the most extensive and important concerns in the grain 
and coal business in central and eastern Illinois, its home office being 
at Clifton, Iroquois County, where it maintains also one of its 
grain elevators. The aggregate storage capacity of the company's 
elevators is one million bushels, and the location of the other eleva- 
tors is here noted : Gilman, Chebanse, Irwin, Otto, Martinton, 
Papineau, and Pittwood. It thus becomes evident that there are 
controlled the best of facilities for the handling of the grain prod- 
ucts throughout the broad territory covered by this representative 
company, the operations of which are based upon a paid-up capital 
of ninety thousand dollars. By very nature and extent of the busi- 
ness it becomes almost imperative that it should find representation 
on the Board of Trade of the City of Chicago, and this is effectively 
accomplished through the medium of the company's Secretary and 
Treasurer, William H. Van Sant, who became a member of the 
Board in January, 1915, and who has made good use of its facilities 
and functions. Robert F. Cummings, who was President of the 
company at the time of his death, is individually represented by a 
memoir in this publication, and the Vice-President of the corpora- 
tion is Thomas J. Hair. William H. Van Sant was born at Wenona, 
Illinois, April 15, 1872, and in his business career he has fully exem- 
plified the progressive and vital spirit of the West. He is one of the 
three children born to James M. and Mary A. (Grable) Van Sant, 
and his father long held a local repuation as one of the extensive 
and influential buyers and shippers of grain from the great agricul- 
tural sections of the West and Northwest. He continued his suc- 
cessful activities in the import domain of commercial enterprise 
until his death, which occurred May 6, 1910. In the public schools 
of his native state William H. Van Sant gained his early educational 
discipline, which he completed in the schools at Fergus Falls, Minne- 
sota. In association with his father's broad operations he gained a 
first-hand and thorough knowledge of the grain business, and in 
1891 he established his residence at Clifton, Illinois, where he has 
since continued as a prominent and influential representative of this 
line of enterprise, his service as Secretary and Treasurer of the R. 



OF THE CITY OF CHICAGO 323 

F. Cummings Grain Company having been initiated in 1891 and hav- 
ing inured materially to the success and expansion of the important 
and far-reaching enterprise. His political allegiance is given to the 
Republican party and he is affiliated with the Masonic fraternity and 
the Benevolent & Protective Order of Elks. As an active represen- 
tative of his company on the Board of Trade he has become well 
known to and is held in high regard by a large quota of the members 
of this organization. 

George A. Veniga. — He whose name introduces this review is 
the executive head of the firm of G. A. Veniga & Co., recognized as 
one of the most prominent and influential in the commission grain 
trade in the city of St. Louis, Missouri, and one that is consistently 
represented by Mr. George A. Veniga on the Board of Trade of the 
City of Chicago, of which he has been a member since the year 1913. 
George Augustus Veniga was born in St. Louis, on the 4th of July, 
1878, and is a son of Frederick W. and Caroline (Smith) Veniga, the 
former of whom was born in Germany and the latter in St. Louis. 
To the public schools of his native city George A. Veniga is in- 
debted for his early educational discipline, but at the age of twelve 
years he initiated his association with the practical afifairs of life, as 
he obtained employment as wire boy for the Postal Telegraph Com- 
pany. He continued in the service of this corporation one year and 
he then fortified himself further for business by completing an 
effective and thorough course in bookkeeping and accounting. It 
was his good fortune soon afterward to obtain the position of book- 
keeper for the firm of Hewis Cochran & Co., grain brokers in the 
city of St. Louis, and in this connection Mr. Veniga spared no pains 
to perfect himself in knowledge of the various details of the grain 
commission business, through the medium of which he discerned an 
excellent opportunity for personal advancement. After the lapse 
of several years he resigned his responsible position with the firm 
mentioned and accepted that of representative of the F. W. Smith 
Grain Company on the floor of the St. Louis Merchants' Exchange. 
Later he was admitted to partnership in the business of this com- 
pany and in 1899 he was elected its Vice-President, an office of 
which he continued the incumbent until 1907, when he severed his 
alliance with the concern and effected the organization of the corpo- 
ration of G. A. Veniga & Co., of which he has since continued the 
President and which he represents both on the St. Louis Merchants' 
Exchange and the Chicago Board of Trade. He holds membership 
also in the St. Louis Chamber of Commerce, and has served as a 
member of various important committees of this body. In national 
politics he is a supporter of the cause of the Republican party, but 
in State and local affairs he is not constrained by partisan lines. He 
is a Steward of the Methodist Episcopal church, in which both he 
and his wife are zealous members, and he is affiliated with the 
Masonic fraternity. Mr. Veniga is one of the popular and influential 



324 HISTORY OF THE BOARD OF TRADE 

members of the St. Louis Merchants' Exchange and he has been 
in the most significant sense the artificer of his own fortunes, as his 
advancement has been won entirely through his own ability and 
efforts, the while his genial and buoyant personality and sterling 
character have won to him the confidence and right good will of 
those with whom he has come in contact in the various relations of 
life. On the 1st of June, 1907, was solemnized the marriage of Mr. 
Veniga to Miss Martha Kunz, who was born and reared in St. Louis, 
and they have three children — Ruth, Leonora and Clayton. 

Frank W. Waddell. — In connection with the gigantic packing 
and provision business of Armour & Co., a concern whose name is 
as familiar to the nation at large as is that of Chicago, there have 
been given unrivalled opportunities to young men who have had 
the courage, persistence and ability to apply themselves vigorously 
and effectively in connection with the various departments of this 
stupendous industrial corporation, and with the Armours have risen 
to prominence and influence many such ambitious and steadfast 
young men, among whom may, with all consistency, be mentioned 
Frank Wilson Waddell, who has been associated with Armour & 
Co. since the 4th of August, 1890, and who is now representative of 
the provision business of this great corporation on the Chicago 
Board of Trade, of which body he has been a member since April, 
1898, with a definite prestige and with secure place in the confidence 
and good will of the members of the Board. Mr. Waddell was born 
at Bellefonte, the judicial center of Center County, Pennsylvania, 
on the 24th of March, 1868, a son of James C. and Susan C. Waddell. 
He was reared to adult age at Lock Haven, Clinton County, that 
State, where he continued his studies in the public schools until he 
had completed the curriculum of the high school, in which he was 
graduated in 1885, with class honors. Soon after his graduation Mr. 
Waddell assumed the position of del