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Newspaper Page Text
Not being able toget their news into the big dailies, they ar6
printing little papers ot their own.
'The following from the Lincoln Avenue Bulletin makes inter
esting' reading in this connection:
"The union of the improvement clubs and business men's asso
ciations has been forced upon their members by the attitude of the
daily newspapers, which have united in misYepresenting the situa
tion to the people of Chicago and one of the vital questions the
Federation, will insist upon having answered is whether a sUDway in
downtown Chicago is practicable from an engineering standpoint,
a subject which the daily newspapers have studiously avoided. It
i a fact little known among business interests that the weight of
buildings in down-town Chicago is now pushing vast quantities of
mud out from under the center of the cfty into the Chicago "river,
which must be constantly dredged to permit free passage of deep
draft boats. Eminent engineers have repeatedly declared that sub
way construction in down-town Chicago would surely entail mil
lions of dollars damage to "buildings, which damage the city would
be compelled to pay. .
"Truth of these observations by engineers has been proved
wherever underground work has been done in the down-town dis
trict. Building of La Salle street tunnel resumed, in streets, side
rwalks and buildings sinking throughout a large district. Cracks
jwere opened in building walls for blocks, and structures threatened
to collapse. The result, then from subway wqrk throughout an ex
tensive territory can be imagined.
"It has been estimated by Bioa J. Arnold, head of the subway,
commission, and engineer of traction interests, that the down-town
subway proposed will cost $54,450,000 to complete, not considering
damage to present buildings. Figuring on the same basis of cost
as for 'down-town, a general subway for Ctiicagd''being of 481 miles,
jwould cost $500,240,000, a total of $554,690,000.
"An idea of the magnitude of these figures may be gathered
from the fact that they nearly equaL the assessed value ($603,022,
969) of all the lands-and buildings in Chicago as fixed by the Board
of Review for the year 1910. Inasmuch as the assessed value is one
Sirrd the full value, it follows that a sum equal to one-Jhird the pres
ent value of every lot, house, store factory and office building will
have to be expended for subways to carry out Arnold's recommenda
jtfons; or, to put in in other words, the subway will mortgage all
Veal estate in the city of Chicago to one-third its value.
"A newspaper agitation for a subway was begun two years ago,
Irhen it became evident' that the 55 per cent of the net earnings of
Die traction companies of Chicago was due to reach a greater sum
than was believed possible when the traction ordinances were passed.