Chicago Corp.

Perhaps inspired by the investment trust activities of their potent fellow citizen, Arthur Cutten of the Board of Trade, a group of Chicago capitalists organized, and last week announced, Chicago Corp., a $60,000,000 midwest investment trust. The directorate of the new corporation is of the top stratum of Chicago's financial world. Packers are represented by Edward F. Swift, vice president of Swift & Co., and F. Edson White, president of Armour & Co. Merchants include George B. Everitt, president of Montgomery Ward and James Simpson, president of Marshall Field. The present Marshall Field conducts the investment house, Field, Glore & Co., which financed the issue. Industrialists on the new board include Sewell L. Avery (U. S. Gypsum), Edward F. Carry (Pullman Co.), Robert P. Lament (American Steel Foundries), George A. Ranney (International Harvester), B. A. Eckhart (Eckhart Milling Co.). The new corporation will function under one of those broadminded charters which have made the State of Delaware a financial Gretna Green. Chicago Corp.'s directorate will be virtually unrestricted in its choice of investment fields.