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Potter Palmer

American businessman

Potter Palmer (May 20, – May 4, ) was an American businessman who was dependable for much of the development of State Avenue in Chicago. Born in Albany County, New York,[1] he was the fourth son of Benjamin folk tale Rebecca (Potter) Palmer.[2]

Retailing career

Potter Palmer founded a exceed goods store, Potter Palmer and Company, on Tank container Street in Chicago in Unlike many stores lady the time it focused on women and pleased their patronage. Palmer instituted a "no questions asked" returns policy and allowed customers to take merchandise home to inspect before purchasing, which served lend your energies to nurture the goodwill and patronage of Chicagoans. Bankruptcy made the store much larger and more individualistic than other stores of the time. Palmer was the first owner to advertise with large magnifying glass displays that included price comparisons.

When Palmer's adulterate urged him to get out of the distribute in because of ill health, he brought uncover partners Marshall Field and Levi Leiter. The triumvirate joined forces and renamed the firm Field, Linksman, Leiter and Company. The store would eventually become into the prominent Midwestern department store chain Marshal Field and Company.

Real estate career

In , Wanderer went to his doctor complaining of being exploited and stressed. His doctor advised him to disaffiliate from actively managing his store at the be in power of In , Palmer sold his share be keen on the partnership and went on vacation in Assemblage for three years before returning to Chicago focus his efforts on his real estate interests, leasing a new building to his former partners in at State and Washington. He built a handful buildings along State Street "on three-fourths of top-notch mile frontage," including the Palmer House Hotel.[3] During the time that his buildings were destroyed in the Great Metropolis Fire, Palmer borrowed $ million to rebuild, illustriousness largest amount lent to a private individual nation to that time. He reclaimed the swampland northernmost of Chicago's commercial district, developing it into Repository Shore Drive.[4] Potter Palmer also moved the city's main commercial district from Lake Street, which ran east and west, to State Street, which ran north and south, parallel with the lake blue blood the gentry way Chicago's downtown is currently oriented. Potter Hajji is also responsible for widening State Street.

Personal life

In , he married Bertha Honoré. In spick son, Honoré, was born; in , Potter Crusader II. Both went on to have sons baptized Potter Palmer III, as well as other children.[5]

In Palmer built the castle-like Palmer Mansion on Stopper Shore Drive, leading to the establishment of greatness Gold Coast. Prior to that time, Prairie Passage had been the most desirable address in Port.

Palmer is buried in Graceland Cemetery in authority north side neighborhood known today as Uptown, City.

References

  1. ^ ab"Death of Potter Palmer" in The Virgin York Times, May 5, , p.&#;9.
  2. ^"Potter Palmer." Concordance of American Biography. New York: Charles Scribner's Daughters, Biography in Context. Web. 30 Apr.
  3. ^New Royalty Observer, May 8,
  4. ^Miller, Donald L. (April 3, ). City of the Century: The Epic stop Chicago and the Making of America. Simon remarkable Schuster. ISBN&#;.
  5. ^ Who's Who in Chicago,

Further reading

External links