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EXECUTIVE OFFICERS OF THE

BOARD OF TRADE

Presidents.

1848 THOMAS DYER. 1849 THOMAS DYER. 1850 CHARLES WALKER. 1851 CHARLES WALKER. 1852 GEORGE STEEL. 1853 THOMAS HALE. 1854 GEORGE A. GIBBS. 1855 HIRAM WHEELER.

SINCE ITS ORGANIZATION.

1856 CHARLES H. WALKER. 1857 CHARLES H. WALKER. 1858 JULIAN S. RUMSEY. 1859 JULIAN S. RUMSEY. 1860 IRA Y. MUNN.

1861

STEPHEN CLARY.

1862 CALVIN T. WHEELER.

1863 JOHN L. HANCOCK. 1864 JOHN L. HANCOCK. 1865 CHARLES RANDOLPH. 1866 JOHN C. DORE. 1867 WILEY M. EGAN. 1868 ENOS V. ROBBINS. 1869 JESSE M. RICHARDS. 1870 SAMUEL H. MCCREA. 1871 JOSIAH W. PRESTON. 1872 JOSIAH W. PRESTON. 1873 CHARLES E. CULVER. 1874 GEORGE M. HOW. 1875 GEORGE ARMOUR. 1876 JOHN R. BENSLEY. 1877 DAVID H. LINCOLN. 1878 NATH'L K. FAIRBANK. 1879 ASA DOW.

1880 JOHN H. DWIGHT. 1881 HENRY W. ROGERS, JR. 1882 RANSOM W. DUNHAM. 1883 JAMES B. HOBBS. 1884 E. NELSON BLAKE. 1885 E. NELSON BLAKE.

1886 A. M. WRIGHT.

1887 A. M. WRIGHT.

1888 C. L. HUTCHINSON.

1889 WILLIAM S. SEAVERNS. 1890 WILLIAM T. BAKER. 1891 WILLIAM T. BAKER. 1892 CHARLES D. HAMILL. 1893 CHARLES D. HAMILL. 1894 CHARLES L. RAYMOND 1895 WILLIAM T. BAKER. 1896 WILLIAM T. BAKER. 1897 WILLIAM T. BAKER. 1898 ZINA R. CARTER. 1899

RICHARD S. LYON.

1900 WILLIAM S. WARREN. 1901 WILLIAM S. WARREN. 1902 WILLIAM S. WARREN. 1903 REUBEN G. CHANDLER.

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NONE.

NONE

NONE.

GEORGE C. MARTIN.
GEORGE W. NOBLE.
THOMAS H. BEEBE.
THOMAS H. BEEBE.
ELI BATES.

CLINTON BRIGGS.
W. H. LOW.

NATH'L K. FAIRBANK.
THOMAS PARKER.
THOMPSON MAPLE.
PHIN'S L. UNDERWOOD.
LYMAN BLAIR.
ELIJAH K. BRUCE.
SAMUEL H. MCCREA.
BENJ. F. MURPHEY.
CHARLES E. CULVER.
CHARLES E. CULVER.
WILLIAM N. BRAINARD.
HOWARD PRIESTLEY.
JOHN R. BENSLEY.
DAVID H. LINCOLN.
JOSIAH STILES.
WILLIAM DICKINSON.
JOHN H. DWIGHT.
HENRY W. ROGERS, JR.
RANSOM W. DUNHAM.
WILLIAM E. MCHENRY.
J. HENRY FRENCH.
CHAS. L. HUTCHINSON.
GEORGE T. SMITH.
JAMES H. MILNE.

GEORGE D. RUMSEY.

WILLIAM S. SEAVERNS.

GEO. G. PARKER.

E. W. BAILEY.
J. G. STEEVER.
J. T. RAWLEIGH.
R. G. CHANDLER.
MILTON C LIGHTNER.
JOHN M. FISKE.
RICHARD S. LYON.
ZINA R. CARTER.
RICHARD S. LYON.

HENRY O. PARKER.
JAMES NICOL.

WILLIAM N. ECKHARDT.
EDWARD S. ADAMS.
WILLIAM L. GREGSON.

1848 W. L. WHITING.

Secretaries:

STEPHEN CLARY.
JOHN V. FARWELL.
EBENEZER G. WOLCOTT.

JOHN L. HANCOCK.
CHARLES RANDOLPH.
CHARLES J. GILBERT.
JOHN C. DORE.

ELEAZUR W. DENSMORE.
CALVIN B. GOODYEAR.
JIRAH D. COLE, JR.
HENRY A. TOWNER.
PHILIP W. DATER.
WILLIAM N. BRAINARD
WILLIAM N. BRAINARD
HOWARD PRIESTLEY.
JOHN R. BENSLEY.
DAVID H. LINCOLN.
JOSIAH STILES.
WILLIAM DICKINSON.
JOHN H. DWIGHT.
HENRY W. ROGERS, JR.
RANSOM W. DUNHAM.
WILLIAM E. MCHENRY.
J. HENRY FRENCH.
CHAS. L. HUTCHINSON.
GEO. T. SMITH.

JAMES H. MILNE.

GEORGE D. RUMSEY.

WILLIAM S. SEAVERNS.

GEORGE G. PARKER.

E. W. BAILEY.

J. G. STEEVER.
J. T. RAWLEIGH.
R. G. CHANDLER.

MILTON C. LIGHTNER.
JOHN M. FISKE.

RICHARD S. LYON.

ZINA R. CARTER.

RICHARD S. LYON.

HENRY O. PARKER.
JAMES NICOL.

WILLIAM N. ECKHARDT

EDWARD S. ADAMS. WILLIAM L. GREGSON. H. M. S. MONTGOMERY.

1849 to 1851, inclusive, and part of 1852. JOHN C. DODge.

1852, part of official year. JAMES E. DALLIBA.

1853 LAURIN P. HILLIARD.

1854 JAMES E. DALLIBA.

1855 to 1858, inclusive. W. W. MITCHELL.

1859 to 1861, inclusive, and part of 1862. SETH CATLIN.

1862 to 1868, inclusive, except early part of 1862. JOHN F. BEATY.
1869 CHARLES RANDOLPH to March 1, 1884.

1884 GEORGE F. STONE from July 1.

NOTE-During 1848 and 1849 the Board was a voluntary organization; from 1850 to 1859 it was organized under a general incorporation law of the State. Since early in 1859 it has remained under a special charter granted by the Legislature in February of that year.

OF THE

Board of Trade of the Gity of Chicago

FOR 1902.

WILLIAM S. WARREN, President.

EDWARD S. ADAMS, 1st Vice-Pres't, WILLIAM L. GREGSON, 2d Vice-Pres't

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EXECUTIVE.
ON FINANCE

ON REAL ESTATE

ON RULES

ON LEGAL ADVICE

ON ROOMS

ON MEMBERSHIP..

ON WAREHOUSES

ON CLEARING HOUSE

ON MARKET REPORTS.

ON VIOLATION OF RULES

ON TRANSPORTATION

ON WEIGHING

ON CLAIMS

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ON METEOROLOGICAL OBSERVATION.

ON PROVISION INSPECTION

ON FLOUR INSPECTION

ON FLAXSEED INSPECTION.

ON OTHER INSPECTION.

ON ARBITRATION ON GRASS AND FIELD

SEEDS.

TAYLOR, ADAMS AND BINES.

CHADWICK, NASH AND RICHARDSON.

EDWARDS, BINES AND JONES.

MONTGOMERY, JONES AND NASH.
GREGSON, MONTGOMERY AND NASH.
NASH, SLAUGHTER AND RICHARDSON.
SLAUGHTER, MONTGOMERY AND JONES.
REQUA, SMITH AND BINES.

JGREGSON, CHADWICK, REQUA, W. N. ECK-
HARDT, R. G. CHANDLER AND J. A. MILNE.
CHADWICK, BRIDGE, RUMSEY. W. N. ECK-
HARDT, R. S. LYON, B. A. ECKHART. H.
W. ROGERS, H. F. DOUSMAN AND H. H.
PETERS.

SMITH, RUMSEY AND RICHARDSON.
RUMSEY, REMICK, TAYLOR AND BRIDGE.
REMICK, BINES AND MCCLEAN.
GREGSON, EDWARDS, MCCLEAN, J. A.
BUNNELL AND HENRY ELLSWORTH.

B. A. ECKHART, F. B. RICE, FREDERICK
DICKINSON, H. N. SAGER, ISAAC HORNER
AND HERMAN PETERSON.

RUMSEY, T. M. HUNTER, C. F. HILLS, P. II.
ESCHENBURG AND GEO. E. ALT.
SLAUGHTER, REQUA AND ADAMS.

T. M. HUNTER, C. A. HEATH, ALBERT
SECKEL, F. E. WINANS AND GEO. S.
GREEN.

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OF THE

Board of Trade of the Gity of Chicago

FOR 1903.

REUBEN G. CHANDLER, President.

WILLIAM L. GREGSON, 1st Vice-President.

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EXECUTIVE

ON FINANCE

ON REAL ESTATE

ON RULES

ON LEGAL ADVICE

ON ROOMS

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ON MEMBERSHIP.

ON WAREHOUSES

ON CLEARING HOUSE

ON MARKET REPORTS.

ON VIOLATION OF RULES

ON TRANSPORTATION

ON WEIGHING.

ON CLAIMS

ON METEOROLOGICAL OBSERVATION.

ON PROVISION INSPECTION

ON FLOUR INSPECTION

ON FLAXSEED INSPECTION.

ON OTHER INSPECTION.

ON ARBITRATION ON GRASS AND FIELD

SEEDS.

MONTGOMERY, JONES AND REMICK.

GREGSON, MONTGOMERY, SLAUGHTER.
RICHARDSON, SMITH AND ADAMS.

SLAUGHTER, MONTGOMERY AND JONES.
WARREN, SMITH AND BINES.

GREGSON, WARREN, CHADWICK, JONES,
SLAUGHTER AND MCCLEAN.

CHADWICK, BRIDGE, PATTEN, W. N. ECK-
HARDT, R. S. LYON, B. A. ECKHART,
H. F. DOUSMAN, H. H. PETERS AND
RICHARD GAMBRILL.

SMITH, RICHARDSON AND BRIDGE.
REMICK, TAYLOR, ADAMS AND WAGNER.
WAGNER, BINES AND REMICK.
GREGSON. EDWARDS, MCCLEAN, J. A.
BUNNELL AND CHAS. BERRALL. JR.

B. A. ECKHART, F. B. RICE, FREDERICK
DICKINSON, ISAAC HORNER AND H. B.
SMITH.

CHADWICK, T. M. HUNTER, ALBERT
SECKEL, P. H. ESCHENBURG AND GEO.
E. ALT.

SLAUGHTER, RICHARDSON AND WAGNER.
T. M. HUNTER, C. A. HEATH, ALBERT
SECKEL, F. E. WINANS AND GEO. S.
GREEN.

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In Memoriam.

MEMBERS OF THE BOARD OF TRADE WHO DIED DURING 1902.

WINANS, DIGHTON H., JANUARY 10.

ROSENBAUM, MORRIS, JANUARY 15.

SIBLEY, JAMES A., JANUARY 21.
DOLE, JAMES H., FEBRUARY 16.
LANE, WILLIAM H., FEBRUARY 17.
WHEELER, J. FRANK, MARCH 9.
CARPENTER, JOHN S., MARCH 10.

SPIELMANN, JACOB, JR., MAY 2.

STOCKDALE, GERALD P., MAY 5.

HUNT, RALPH H., MAY 15.

LOVE, JAMES M., MAY 15.

RICHARDSON, SAMUEL H., MAY 24.

GEDDES, ALEXANDER, JULY 2.

TYLER, BARTON S., JULY 27.

CANTNER, JOHN C., JULY 30.

WADHAMS, HENRY P., AUGUST 23.

WILLARD, JAMES R., SEPTEMBER 6.

STEVENS, SYLVANUS H., DECEMBER 19.

GENERAL REVIEW.

MR. WILLIAM S. WARREN, President of the Board of Trade of the City of Chicago.

SIR:-The business record of the year is in many respects without a parallel. At times the markets were dominated by speculative influences, and again there were periods, though comparatively brief, of dullness; yet the record is one showing a substantial growth and a widespread and intense enterprise pervading all industries and all phases of mercantile activity. It must be acknowledged that the year was one of unexampled prosperity and that in spite of exciting and radical changes in business methods, in spite of extensive operations, gigantic schemes and industrial consolidation, a sagaciously judicious caution in the conduct and control of vast business interests, as well as those of moderate. volume and importance, was observed by merchant, manufacturer and banker. It has been a year of departure from old methods. All the avenues of our industrial life have been crowded. There was more work offered than could be done; a greater volume of merchandise presented for transportation than could promptly be carried; more projects inaugurated than could be completed; the facilities of common carriers were unequal to the demand for such facilities; every industrial plant was taxed to its utmost capacity; all kinds of labor from the rudest and simplest to the most skillful and artistic were profitably employed; wages were generally proportionately advanced and a new stimulus to excel and prosper stimulated all classes of people throughout the land.

As a result, the productivity of our mills has largely increased; the quality of the product has improved; prices have advanced, but not beyond the purchasing ability of the masses. It can not be denied that there were numerous strikes and some of them assumed alarming proportions; these are likely to occur when business is exceptionally profitable. When the cost of living is

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