Marshall Field's
Marshall Field & Company traces its antecedents to a dry goods store opened at 137 Lake Street in Chicago, Illinois in 1852 by Potter Palmer, (1826–1902), eponymously named P. Palmer & Company. In 1856, 21-year-old Marshall Field (1834–1906) 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. Just prior to the American Civil War, in 1860, Field and bookkeeper Levi Z. Leiter, (1834–1904), became junior partners in the firm, then known as Cooley, Farwell & Company. In 1864, the firm, then led by senior partner John V. Farwell, Sr., (1825–1908), was renamed Farwell, Field & Company. only for Field and Leiter to soon withdraw from the partnership with Farwell when presented with the opportunity of a lifetime.
Marshall Field and Company Building
Although the official corporate name of the retail entity based in this building had been Marshall Field & Company (nicknamed Marshall Field's) from 1881 until 2006, the store has had five different names since its inception in 1852 as P. Palmer & Co. In 1868, after bowing out of involvement in day-to-day operations with his new partners of Field, Palmer & Leiter, Potter Palmer convinced Marshall Field and Levi Leiter to move the Field, Leiter & Co. store to a building Palmer owned on State Street at the corner of Washington Street. After being consumed by the "Great Chicago Fire" and splitting the wholesale business from the retail operations, the store resumed operations at State and Washington in a rebuilt structure, now leased from the Singer Sewing Machine Company. In 1877 another fire consumed this building, and when a new Singer Building was built to replace it at the same location in 1879, Field then put together the financing to purchase it. The business has remained there ever since, and it has added four subsequent buildings to form the integrated structure that is now called the "Marshall Field and Company Building."