Chicago Board of Trade records: Series III - Paul J. Draths secretary correspondence, 1983-1986
- TitleChicago Board of Trade Records: Series III - Paul J. Draths secretary correspondence MSCBT0023
- PublisherSpecial Collections
- RepositorySpecial Collections
- Physical Description1.5 Linear feet
Processed by Cory Davis, John Rosen, Lindsay Menard and Kit Fluker August-November 2010-2011. 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 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.
This record group contains the files of Paul J. Draths from 1984, when he was appointed secretary of the Chicago Board of Trade. The record group contains signed agreements and notices regarding membership status, correspondence and notices regarding fines, and records of disciplinary actions. The disciplinary action records consist of memoranda, notices, and findings of the Business Conduct Committee and other CBOT committees.
Box 1418 also contains records of Draths' predecessor as secretary, Frederick J. Grede.
- Chicago Board of Trade.
- Draths, Paul J.
- Grede, Frederick J.
- Commodity exchanges.
- Commodity futures.
- United States.