• IdentificationMSCBT0028
  • TitleChicago Board of Trade records: Series III - Chairman records MSCBT0028
  • PublisherSpecial Collections
  • LanguageEnglish
  • RepositorySpecial Collections
  • Physical Description3.5 Linear feet
  • Date
    • Bulk, 1967-1985
    • 1965-2002

Processed by Kit Fluker February-March 2012. Finding aid by Kit Fluker. Edited and encoded by Jae Lurie April 2012.

[Collection Title], Special Collections and University Archives, University of Illinois at Chicago

The records of the Chicago Board of Trade at the University of Illinois at Chicago are closed for 50 years from the date of record creation. Please contact Special Collections before visiting to ensure that the materials are available to the public.

The Chicago Board of Trade records were received by Special Collections and University Archives in numerous accessions between 1968 and 2000.

Materials from accessions 1968-113, 69-11, 72-44, 72-48, 74-16, 74-33, 75-68, 76-115, 77-53, 77-89, 78-91, 79-42, 81-21, 81-22, 81-23, 81-49, 81-110, 82-46, 83-50, 83-51, 84-28, 84-41, 84-42, 85-29, 86-3, 86-4, 86-5, 86-16, 86-17, 86-18, 91-11, 91-24, 92-11, 92-19, 93-1, 93-21, 93-30, 95-28, 97-2, 97-14, 97-32, 98-2, and 2000-37 were merged into one collection. Materials from each accession may be described in this finding aid.

The records are not comprehensive and have been grouped together for researchers' convenience. Files are arranged chronologically by chairman. Robert L. Martin's files are arranged alphabetically by year, but otherwise there is little internal order in each individual chairman's files. Miscellaneous articles and obituaries are arranged in chronological order.

The Chicago Board of Trade (CBOT) was started in 1848 by a small group of Chicago businessmen. The exchange was formed to help structure the grain trade in the Midwest. Before the Chicago Board of Trade came into being, the market for grain was extremely volatile with prices high in the winter and low in the summer, resulting in poor economic conditions for farmers. The early Board of Trade helped to create stable economic conditions for regional farmers and also worked to create standards and grades for various grains along with inspection processes to help ensure buyers received the goods for which they had paid. In 1859 the Illinois legislature granted the Chicago Board of Trade a charter allowing self-regulation. By 1865 the CBOT had a permanent location in the Chicago Chamber of Commerce Building and about 150 members. The Chicago Board of Trade was governed by its members and an elected Board of Directors. Rules and Regulations regarding day-to-day activities of the exchange were amended frequently as the organization responded to the issues of the time. The established organization of the Board of Trade in its early years was mostly maintained over time with revisions to rules and additions and subtractions to the organization based upon the economic, political, and technological climate at the time.

The Chairman of the Board presided over all Association and Board meetings. Subject to the approval of the Board, the Chairman appointed special committees and all other committees where the method of appointment was not otherwise provided for. The Chairman could also temporarily fill any vacancy in any appointive office other than Non-Member Director.

This subseries contains files from various chairmen of the Board of Directors between the years 1965 and 1984. The subseries also contains a small number of files from vice-chairmen, and miscellaneous clippings and articles about chairmen from 1988 to 2002. Most of the material consists of correspondence, but the record group also includes speeches, reports, articles, and notes. Topics include CBOT events and conferences, board meetings, committee appointments, committee meetings, federal legislation and lobbying, CEA regulation, building modernization, new building construction, speeches given by chairmen, travel expenses, and biographical information about chairmen. Miscellaneous clippings and articles include several obituaries of former chairmen as well as articles about chairmen Karsten Mahlmann, Patrick Arbor, David Brennan, and Nickolas Neubauer.

Further chairman records can be found in Chicago Board of Trade I: Executive Committee records.

  • Names
    • Arbor, Patrick
    • Brennan, David
    • Chicago Board of Trade.
    • Cunningham, Thomas P.
    • Goldenberg, Ralph
    • Gruetzmacher, Alfred H.
    • Mahlmann, Karsten
    • Martin, Robert L.
    • Neubauer, Nickolas
    • Nichols, Owen
    • Rosenthal, Leslie
    • United States. Commodity Exchange Act.
  • Subject
    • Commodity exchanges--Law and legislation.
    • Commodity exchanges.
    • Commodity futures.
    • Futures.
  • Geographic Coverage
    • Illinois--Chicago.
    • United States.