The employees got enough steam up to operate the store's powerful pumps in the basement, and volunteers went to the roof and used the store's fire hoses to wet down the roof and the wall on the side of the oncoming fire. The men worked on by candlelight and the glow from the approaching flames. These employees worked feverishly through the night to remove vital records and valuable goods to safety.Īt one point, the gas tank exploded, which put out the store's gaslights. Parker, a young salesman, rushed to the store's basement, broke up boxes, and built a fire in the furnace boiler so that the steam-powered elevators could be operated.
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The Company's drivers and teams were ordered out of the barns. When the Great Chicago Fire broke out on October 8, 1871, news of this, one of the worst conflagrations to ever strike an American city, reached company officials Henry Willing and Levi Leiter, who decided to load as much of their expensive merchandise as possible onto wagons and take it to Leiter's home, which was out of the path of the fire. The store was soon referred to as the "Marble Palace" owing to its costly marble stone face. In 1868, Palmer convinced Field and Leiter to lease a new, six-story edifice he had just built at the northeast corner of State and Washington Streets. The buyout, however, did not bring an end to Potter Palmer's association with the firm. The store was renamed Field, Leiter & Company, sometimes referred to as "Field & Leiter". His brother, Milton Palmer, left at this time as well. After Field and Leiter's immediate success enabled them to pay him back, Palmer withdrew two years later from the partnership in 1867 to focus on his own growing real-estate interests on one of the burgeoning city's important thoroughfares, State Street.
Palmer & Company became Field, Palmer, Leiter & Company, with Palmer financing much of their initial capital as well as his own contribution. Potter Palmer, plagued by ailing health, was looking to dispose of his thriving business, so on January 4, 1865, Field and Leiter entered into partnership with him and his brother Milton Palmer. only for Field and Leiter to soon withdraw from the partnership with Farwell when presented with the opportunity of a lifetime. Farwell, Sr., was renamed Farwell, Field & Company. In 1864, the firm, then led by senior partner John V. Leiter became junior partners in the firm, then known as Cooley, Farwell & Company. Just prior to the American Civil War, in 1860, Field and bookkeeper Levi Z. In 1856, 21-year-old Marshall Field moved to the booming midwestern city of Chicago on the southwest shores of Lake Michigan from Pittsfield, Massachusetts and found work at the city's then-largest dry goods firm – Cooley, Wadsworth & Company. Marshall Field & Company traces its antecedents to a dry goods store opened at 137 Lake Street in Chicago, Illinois, in 1852 by Potter Palmer, eponymously named P. Marshall Field's State Street store "great hall" interior around 1910
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