“Vets ask role in memorial” – October 1974

Source:  Rockford Register-Republic  10/16/1974

 

“Mayor, vets agree on memorial fund” – Oct 1974

Source: Rockford Register-Republic 10/15/1974

 

“Officials oppose civic center deal” – January 22 and 24, 1975, Home Rule powers

Source: Rockford Morning Star, 1/22/1975 and 1/24/1975

“Mayor Seeks Limits On Home Rule” – 1/18/18

Source: Rockford Register Star January 18, 2018

 

 

 

 

Amrock Hotel – 2018 groundbreaking eyed – Dec 2017 article

Source: The Rock River Times, December 20, 2017; article by Jim Hagerty, photo by Don Bissell

Midway Theater

Source: Rockford Morning Star 1/23/1921

Case # 8000 1422  Historic Preservation Commission (City)

Source: Rockford Register Star 1/23/1981

Source: Rockford Register Star 1/15/1987

 

 

Opened Aug.3, 1918, originally home to a theater, 4 storefronts, 20 apartments and a basement. A fire nearly destroyed the building in 1980 after restoration it was home to the Rockford Symphony Orchestra, 16,000 square feet of office space and TV studio. The Palmquist family sold the theater in 2000 to a land trust company. Andy Palmquist and his family regained control of the building in 2007. Violinist Itzhak Perlman, Cheap Trick performed on stage. The Senator Obama spoke there in 2005. Bankruptcy judge cleared way for theater sale for $160,000 to the Midway Center Gateway Foundation. Sonny DeLuca, Frank Amato and William Howard created foundation in July to buy and renovate theater Initial fundraising goal in $500,000, but DeLuca said theater has sustained $3 million in water damage over the years. 1 year later, a local businessman launched an ambitious $8 million plan in 2008 to buy and restore building, court documents say Palmquist has a $200,000 balance on building’s mortgage with Commercial Mortgage & Finance building has $55,000 in tax liens plus various unpaid bills. About $11,000 in delinquent 2005 property taxed were purchased by Z Financial LLC, Chicago. Financial filed a motion in bankruptcy court to pursue claim against Palmquist.

Source: Rockford Register Star 11/27/2009

 

 

 

Panic of 1907 [1905]

Rockford Bankrupt

Source: Rockford Morning Star 11/15/1905

the Panic of 1907, also known as 1907 Bankers’ Panic, was a financial crisis that occurred in the United States when the New York Stock Exchange fell close to 50% from its peak in 1906 there were numerous runs on banks and trust companies many state and local banks entered into bankruptcy primary causes include a retraction of market liquidity by a number of New York City banks and a loss of confidence among depositors. Crisis was triggered by the failed attempt in Oct 1907 to corner the market on stock of the United Copper Company. Panic extended across the nation as vast numbers of people withdrew deposits from regional banks. The panic may have deepened if not for the intervention of financier J.P. Morgan, who pledged large sums of his own money, and convinced other New York bankers to do the same.  At the time the United States did not have a central bank to inject liquidity back into the market. April 1906 earthquake that devastated San Francisco contributed to the market instability. In late 1906, the Bank of England raised its rates, partly in response to UK insurance companies  paying out so much to U.S. policyholders. The Hepburn Act, which gave the Interstate Commerce Commission (ICC) the power to set maximum railroad rates, became law in July 1906. This depreciated the value of railroad securities. March collapse is sometimes called “Rich Man’s panic” Union Pacific stock fell 50%, copper market collapsed in July, New York city bonds failed, Aug. – the Standard Oil Co. was fined $29 million for anti-trust violations.

Source: Wikipedia

 

E. J. “Zeke” Giorgi –

Zeke - 1Source:  Rockford Register Star November 19, 1983

Zeke - 2