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Last Updated
January 19, 2015
by William Lee (Albany, Joe Munsell's Sons, 1888)
Page 306
BENJAMIN TYLER LEE. In 1836, he settled on a farm near Rockford, Ill. In 1842-3, he removed to Chicago where with the exception of a few years in Milwaukee he remained for the rest of his life. He first opened the "Illinois Exchange" a hotel on teh corner of Lake and La Salle streets, where the Marine building is now located; later he embarked in the dry goods business, and then in the crockery trade, his store being opposite the Briggs House on Randolph st. Still later he opened an Auction and Commission house on Franklin st. between Lake and South Water streets, and was for a number of years the onloy auctioneer in the city of Chicago. At one time he owned three lots on Monroe st., upon which the Palmer House is now built.
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