OCR Interpretation


The day book. (Chicago, Ill.) 1911-1917, September 14, 1914, LAST EDITION, Image 7

Image and text provided by University of Illinois at Urbana-Champaign Library, Urbana, IL

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1914-09-14/ed-1/seq-7/

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vice, showed how, through interlocking directors, six men controlled all of
the public utilities of Chicago, and most of them in Illinois.
The six men are Samuel Insull, Henry A. Blair, Ira M. Cobe, J. J.
Mitchell, James A. -Patten and B. E. Sunny.
Insull is president of the Commonwealth Edison, Blair is financial head
of the Chicago surface street railways, Cobe of the City Railway, Mitchell
is president of the Illinois Trust & Savings Bank, Sunny is president of the
Chicago Telephone Co. and you all know Patten.
President Sunny of the Chicago Telephone Co. is also a director in the
Chicago City Railway Co. and the Chicago & Connecting Railways and the
First National Bank. J. J. Mitchell, president df the Illinois Trust & Sav
ings Bank, is a director in Commonwealth Edison, People's Gas, Chicago
City arid Connecting Railways andf Chicago Telephone.
Insull is president of Commonwealth Edison, chairman of the board of
People's Gas, member of the executive committee of the Chicago Elevated
Railways, receiver of the Oak Park "L," director in the South Side, North
western and Metropolitan "Ls" and the Chicago City & Connecting Rail
ways and the Chicago & Interurban Traction.
On the board of directors of Chicago Telephone with Sunny are
Chauncey Keep, trustee of the Marshall Field estate; Robert T. Lincoln,
trustee of the Geo. M. Pullman will; John J. Mitchell, president of the Illi
nois Trust & Savings, and Marvin Hughitt, chairman of the board of the
Northwestern Railway and director in the First National and Northern
Trust banks.
Chauncey Keep is not only a Marshall Field trustee, but is a director in
the Illinois Trust & Savings and the Merchants' Loan & Trust banks,
known as the Field banks. The Merchants' Loan & Trust is one of the
trustees of the Marshall Field estate,. John G. Shedd is a director, also, in
both of these banks.
This is a mere scratch of the -surface as to the combination of wealth
and power in Chicago, back of all the public utilities, including the Chicago
Telephone Co.
These men are powerful and quite naturally interested in the con?
tinued success of the Chicago Telephone Co., and would be opposed to the
success of telephone competition, and especially municipal competition.
The success of a municipally-owned telephone system would tend to stimu
late public opinion in favor of municipal ownership of other public utilities.
If there is anything the owners of public utilities securities don't want
it is public ownership.
And if council can be persuaded in one way or another to throw away
this telephone opportunity by giving the city's consent to the purchase of
the automatic by the Bell, the phone trust would have an absolute monopoly
in Chicago.
I am telling you this so that you will understand that the people have no
soft snap in preventing this gigantic deal. Nothing but a strong public
opinion will win the great battle for the people.
I advise all who- are free to fight for the public interest to get together
in the Penny Phone League. Its office is at 65 West Monroe street
Here is a grand opportunity for the women of Chicago to win their
first great fight
. o o
Patrick Murphy, 855 Gilpin pi.; I st, arrested by police on suspicion
Nicholas Phillips, 917 Vernon Park they had been selling cocaine. Quan
pL, and" Tony Vetrano, 621 S. Morgan ' tity of drug found in clothing.
SL:lS

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