. Life and character of William Taylor Baker, president of the World's Columbian exposition and of the Chicago Board of trade. 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 th
. Life and character of William Taylor Baker, president of the World's Columbian exposition and of the Chicago Board of trade. 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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