File:Life and character of William Taylor Baker, president of the World's Columbian exposition and of the Chicago Board of trade (1908) (14784557132).jpg
DescriptionLife and character of William Taylor Baker, president of the World's Columbian exposition and of the Chicago Board of trade (1908) (14784557132).jpg
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' Text Appearing After Image: Chapter V CHICAGO BOARD OF TRADE 1890-1897 CHICAGO, by virtue of her geographical loca-tion naturally in her early history became thegrain centre of the United States. The greatgrain producing areas of the country extendedhundreds of miles out from her borders andthree-fourths around her horizon. She was situ-ated at the head of navigation on the GreatLakes and was in the line of railroad develop-ment. It was only logical that grain and trans-portation converging at that point, should result ina trade mart springing up there. As the outlyingagricultural districts were put under cultivation moreand more, it came about that a small colony of grainmerchants and traders developed and became an im-portant feature of the business community. They hadno particular organization. The farmers came infrom the fields and sold their produce to commissionmerchants or warehousemen, or some times these mer-chants went out and met the farmer upon his ownpremises, viewed the grain growing in his fields
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