• IdentificationMSCBT0029
  • TitleChicago Board of Trade records: Series III - Assistant to the President records MSCBT0029
  • PublisherSpecial Collections
  • LanguageEnglish
  • RepositorySpecial Collections
  • Physical Description2.75 Linear feet
  • Date1926-1927

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.

Edward J. Dies' files are arranged in two parts. The first part, contained in box 1609, consists mostly of President John Bunnell's correspondence and memoranda between Dies and CBOT staff and committees. The second group of files are mostly public relations files, contained in boxes 1610 through 1615. Some of the public relations files also relate to Dies' duties as assistant to the president. Files are arranged alphabetically.

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 subseries consists of Edward J. Dies' files from 1927, when he was assistant to CBOT President John Bunnell. Dies served as assistant to the president in 1927 and 1928 and as a public relations consultant for CBOT in the 1920s and 1930s. The subseries consists mostly of public relations records relating to legislation, lobbying efforts, and press coverage of CBOT, and contains a small amount of President Bunnell's correspondence. Present are correspondence, clippings, copies of federal legislation, and USDA press releases. The subseries includes correspondence and bulletins from Mrs. P.W. MacMillan related to legislative and political developments affecting the grain trade, material related to charges of fraud and market manipulation against the Armour Grain Company, and material related to the McNary-Haugen Agricultural Surplus Control Bill.

Though others have served as the Assistant to the President, only Dies' files are in this collection.

More records related to early Chicago Board of Trade presidents can be found in Chicago Board of Trade records: Early presidential correspondence. Other materials related to early public relations activity of the Chicago Board of Trade can be found in Chicago Board of Trade records: Public Relations Department records.

  • Names
    • Armour and Company.
    • Bunnell, John
    • Chicago Board of Trade. Public Relations Department -- Archives.
    • Chicago Board of Trade.
    • Dies, Edward Jerome, b. 1891
    • United States. Department of Agriculture.
  • Subject
    • Commodity exchanges--Law and legislation.
    • Commodity exchanges.
    • Commodity futures.
    • Cotton.
    • Futures.
  • Geographic Coverage
    • Illinois--Chicago.
    • United States.