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Newspaper Page Text
' to do substantial justice" says The Daily News, "It
, should not undertake to visit harsh reprisals upon capi
talists by taking their property away from them, even if
those capitalistsyjxnd especially their predecessors, have
taken the wrong attitude toward the public.
xua news uieu gues un w say;
"These capitalists are bound to lose
heavily, anyway, even if they are per
mitted to retain -whatever existing
salvage there may be. THEY
SHOULD NOT BE PERMITTED
TO SECURE AN UNREASONABLY
LARGE PRICE FOR THEIR PROP
ERTY TO THE PERMANENT HURT
OP CHICAGO TELEPHONE USERS,
"WHO PRESUMABLY WOULD BE
EXPECTED TO PAY RETURNS ON
THE SUM THUS EXPENDED BY
THE DOMINANT TELEPHONE IN
TERESTS." And, finally, the News says: "When
the owners of the automatic plant
consent to accept a reasonable price
for their physical property the council
should sanction its sale to the Chi
cago Telephone company."
The point to all this is that the
News and other interests trying to
put this deal over are asking council
to give its consent to the sale of the
Automatic to the Bell, knowing full
well that the telephone users of Chi
cago, and not the Chicago Telephone
company, WILL HAVE TO DIG
DOWN IN THEIR POCKETS AND
PAY THE SIX MILLIONS.
For the Chicago Telephone Co.,
under its franchise, win have the
right to add SIX MILLIONS to its
capitalization and RAISE TELE
PHONE RATES TO PAY THE
MONEY BACK TO THE COMPANY.
It means that council is asked to
tax the telephone users of Chicago to
pay the interest on the SIX MIL
LIONS, to pay for a plant that will
be thrown on the junk pile as soon as
it is turned over to the phone trust
It means that the phone trust will
pay SK MILLIONS for the right to
junk the automatic and thus establish
an absolute phone monopoly in Chi
cago. And take the SIX MILLION
DOLLARS from telephone users.
In effect this whole job is an at
tempt of rich and powerful interests
in Chicago to take SDC MILLION
DOLLARS FROM THE TELEPHONE
USERS OF CHICAGO AND HAND
THE MONEY OVER TO OGDEN
ARMOUR AND HIS PALS.
The alderman who votes to do that
will have a tough time of it convinc-.
ing his constituents that Ogden Ar-.
mour, the king of the stockyards, Is"
so near the bread line that the hat
has to be passed for him and tele
phone users held up to drop SDI MIL
LION DOLLARS IN IT.
FIRM MAKING WAR GARMENTS
IS BLOWN UP
Detroit, Mich., June 21. Terrific
explosion, alleged due to bombs set
by German sympathizers, early today
wrecked overall manufacturing plant
of Peabody Co., Limited, and Leather
Label Overall Co. in Walkerville. Ont,
just across the river from here.
August Frank, German-American, 28,
arrested in connection with explo
sion, but denied any knowledge of it
Plant had been working overtime
on $1,000,000 order for uniforms for
British army. Entire front of the
three-story concrete and steel build
ing was shattered. Early estimates
place the loss at $10,000.
Detroit, Mich., June 21. Attempt
to blow up armory at Windsor, Ont,
made early today, simultaneously
with wrecking of Peabody plant. 200
Canadian soldiers were asleep in the
neighborhood of armory when guard
accidentally stumbled across 26
sticks of dynamite with fuse partly