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Newspaper Page Text
light and power interests want to
spoil municipal ownership.
The resolution throwing Cooley out
of his job says he was guilty of "open
and flagrant disobedience and insub
ordination." The report 4s called a
"scandalously vicious attack against
the district's hydro-electric plant and
Ray Palmer, city electrician, and
John Ericson, city engineer, signed
the report so criticized yesterday.
Trustees Clark, Paullin, Reading
and Kane voted for Cooley's dismis
sal. It was a lively day for Sam Insull
and his lawyers and under-cover men.
Insull is not only chairman board of
directors, Commonwealth Edison Co.
He is also head director of the Chi
cago Elevated Railroads Collateral
Trust, which holds a controlling in
terest in the bonds and stocks of the
The supreme court decided that
State's Att'y Hoyne has the right to
file information in quo warranto
against the Union Elevated loop Ry.
Hoyne says there is $70,000,000 of
stock in the elevated roads which is
wind and water and though capitaliz
ed at $122,000,000 the roads are not
worth over $52,000,000. 'Before
Judge Windes and Judge Scanlan lo
cally Hoyne failed to get permission
to start his suit. Now the way is
open for him to show jugglery and
"It's the firts basic decision in rail
road stock watering," said Att'y
Glenn Plumb, who assisted Hoyne.
"It provides a starting point for pub
lic ownership of the roads. The ele
vated roads must come into court and
show they have not watered their
stock. If they cannot show they have
not watered stock they can expect to
forfeit their franchises. Forfeiture
is the penalty."
William G. Beale, attorney for the
elevated roads and the Common
wealth Edison Co.. is the ron trolling
trustee of the Chicago Tribune. Sam
Insull is a chief leading bondholder of
the Herald. The present auditor in
the Herald office came from the of
fices of the Edison Co.
PEACE LOOKS PROBABLE IN
Peace seems not far off between
the carpenters and contractors. Just
what the terms will be it is too early
to predict The first mediation meet
ing today accomplished nothing def
inite. The carpenters want a 5-cent-an-hour
increase this year, with 2ys
cents additional in each of the next
two years. They will enter into con
ference with the expectation of get
ting this, along with modification of
the proposed uniform agreement.
The contractors are expected to re-"
new their offer of a 214-cent increase
for the last half of a 3-year agree
ment They will insist upon accept
ance of the uniform agreement
What will the carpenters do if they
get a rate increase? Will they still
Insist upon modification of the uni
form agreement? These questions
are being asked with concern in other
building trades unions. The predic
tion is everywhere made that the
carpenters will sign the uniform
agreement if they get a rate increase.
This will leave such unions as the
painters, lathers, machinists, wood
finishers and sheet metal workers
all protesting against the agreement
out in the cold. If the carpenters
sign up, contractors believe they can
force the other unions to come to
time. Officials of the protesting
unions say they will not capituate,
regardless of what the carpenters do.
MAY NOT PROSECUTE
Dis't Att'y Clyne has not yet de
cided whether he will prosecute An
nie Bradley and Siegfried Schrayer
for violation of the Mann act Miss
Bradley has just been awarded a
$9,750 verdict against Schrayer in a
$10,000 breach of promis suit She
testified to traveling with him.
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