OCR Interpretation


The day book. (Chicago, Ill.) 1911-1917, November 18, 1914, LAST EDITION, Image 12

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

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1914-11-18/ed-1/seq-12/

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BIG
LUMP OF CITY'S SHARE OF TRACTION FUND REPORTED
DISAPPEARED HOYNE MAY BE CALLED IN PROBE
State's Att'y Hqyne may be called
upon to investigate the auditor's re
port that last year $300,000 of the
city's share of- the traction fund dis
appeared. The report was compiled by M. &
L. W. Sudder of New York and Bar
row, Wade, Guthrie & &Co. of Chi
cago. Since they made their report to
City Comptroller John E. Traeger
there have been daily conferences
between Traeger, State's Att'y
Hoyne and Corporation Counsel
Hafft.
tjAinong the charges that will be
made against the traction companies
are items for paving of streets, re
newal of tracks, reconstructions of
equipment and rehabilitation of cars,
all of which, the accountants point
out, have been charged against cap
ital account, which in reality should
be charged to operating expenses or
renewals. "
This makes the city bear part of
the expenses which the city ordi
nance says should be borne by the
companies alone.
The board of supervising en
gineers, of which Bion J. Arnold is
chairman, is also hooked in the new
discovery, because they signed the
companies' report, which included
the maintenance of power plants
that never existed.
Ass't Corporation Counsel Hafft
made a formal statement concern
ing the charges, in which he said:
"There has been gross careless
ness and worse in the handling of
the traction accounts.
"I have spent several months giv
ing opinions, interpreting sections of
'the ordinances and passing on the
action of the'" traction officials and
the Board ot" Supervising Engineers,
and I find thatuhere is a broad field
for investigation by more than the
City Comptroller.
"In fact, it suggested itself very.
early in the investigatoin that the
presence of a representative of
State's Att'y Hoyne, while the in
quiry was on, would be a proper pro
ceeding and, consequently, Mr. Sul
livan, one of Hoyne's assistants, has
been a daily visitor at the office of
the corporation counsel while the
traction matters were being dis
cussed. "There is no chance to dispute the
fact that the ordinances have been
grossly violated. It is also a fact
that the violations as shown uTthe
returns to, the city treasury have
that the Board of Supervising En
pervising Engineers. It is also a fact
that the Boar dof Supervising En
gineers has made its own interpreta
tion of the ordinances without even
the formality of consulting the city
of Chicago's legal department.
"While I have not seen any fig
ures, having been connned alone to
the legal construction of the ordi
nances and to deciding if funds have
been misapplied, I would not be sur
prised to find that the city will be
outajbyer $2,000,000 by this peculiar
methpd of bookkeeping.
"ToTBum it all up, the books have
not been kept and the accounts have
not been conducted as the ordinances
require. On the contrary, there has
been a hopeless juggling of accounts
which somebody must explain."
o o
WHY WORRY?
One of the fair passengers of a
yachting party observed that the cap
tain wore an anxious look after some
mishap to the machinery of the craft,
"What's the matter, captain," she
inquired, scolicitously.
"The fact is," responded the cap
tain in a low voice, "our rudder's
broken."
"Oh, my, don't fret about that,"
replied the young woman, consoling
ly. "As it's under water nearly all
the time, no one "will notice that.".
Harper's Magazine.
iiV' , 'wSj

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