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Newspaper Page Text
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the plant and franchise would be for
feited to the city. They built their
tunnel, monkeyed along with a phone
plant and then tried to sell the phone
plant to the phone trust.keeping the
tunnel for themselves.
It was a part of the franchise
agreement that the plant should be
forfeited if the tunnel company sold
or agreed to sell the automatic to
any other phone company. Now a
bunch of bankers are yelling them
selves red in the face because coun
cil is holding the company to its con
tract. Why is it that the big bankers of
a towh are always found on therSide
of property rights and seldom if ever
on the side of human rights?
Why should council pay any more
attention to the yawping of the For
gans, Dawes and other money-lenders
than to the needs of common
everyday citizens who earn their own
i living and mind their own business?
None of these so-called big money
lenders is entitled to any more con
sideration than any honest working
man citizen. Nobody elected the
bankers to think for the rest of the
community. Let them go back in
their cages and count the cash.
Big Business is up in the air.
Chicago's biggest gambling house
went on record yesterday against the
city action toward forfeiture suit and
seizure of the automatic phone sys
tem. The board of governors of the
Chicago Stock Exchange passed reso
lutions urging delay and declaring
stocks and bonds of Chicago utilities
will have a hard time selling in other
cities if the property of the Chicago
Tunnel Co. is confiscated. -C H.
Canby, president of the board of
trade, issued a statement saying the
The biggest banks are calling for a
let-up on the forfeiture suit And
brokers and bond salesmen and stock
jobbers along La Salle st. call for a
let-up. Their financial picnic with
the tunnel -and telephone game is
Harriet Vittum, president of the
Woman's City club and one of the
active workers of the Penny Phone
league, nails the game this way:
"It is time to see whether a clear
and solemn fledge in a franchise
actually means what the words of it
say; We are tired of the lies and
falsehood and duplicity by which the
Illinois Telephone & Telegraph Co.
has refused investigation and delay
ed action, while its financial manip
ulations were netting millions to the
clever operators in stocks and bonds.
"Forty millions of dollars of the
people's money was obtained by the
original promoters tnrough the issue
of stocks and bonds upon which no
dividends were paid and the property,"
after being reorganized and plunder
ed in the most modern get-rich-quick
fashion, was eventually sold to the
interests now in control for $5,000,
000. The present owners are a group
of manipulators who should be held
strictly to the terms of their fran
chise. "Corporation Counsel Folsom will
do a service for the people if he goes
straight through with forfeiture suit
rapidly as possible. Court hearings
will undoubtedly show the plunder
and wreckage of the automatic phone
company as one of the most amazing
pieces of frenzied finance Chicago
St Louis. Miss Lydie Bray, 18,
phone operator, shot. Serious condi
tion. Tony Guildone, highway ban
dit Result of Guildone's attempt to
rob A. F. Williams, manufacturer, and
Miss Bray last night on lonely road.
Charleston, W. Va. State senate
adopted joint resolution asking. com
mutation for Frank.
Philadelphia. Thos. Edison, in
ventor, declared chemicals and gases
will be more extensively used in war
hereafter and that gases will be de
termining feature of present war.