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The day book. (Chicago, Ill.) 1911-1917, July 12, 1915, NOON EDITION, Image 5

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

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1915-07-12/ed-1/seq-5/

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THE DAY BOOK
N. D. COCHRAN
EDITOR AND PUBLISHER.
800 SO. PEOniA ST. CHICAGO. ILU,
rj. , i Editorial, Monroe S3
1 eleptlOneS Circulation, Monroe 3S30
SUBSCRIPTION By Carrier In Chicago.
30 cents a Month. Br Mall. United
States and Canada, J3.00 a Year.
Entered as second-class matter April
21, 1914, at the postoflice at Chicago,
I1L, under the Act of March 3, 1879.
WHAT IT ALL MEANS. If you
want to get the real meaning of this
telephone scrap, bear these facts in
mind:
A bunch of wise guys wanted a
franchise that would give them the
right to build a system of freight tun
nels under the business section of
Chicago.
They didn't want council or the
public to know what they were after.
So they called themselves the Illinois
Telephone & Telegraph Co. and made
application for a phone franchise
which gave them the right to build
conduits under the streets. And they
started in to build conduits big
enough for cars.
Then they got their franchise
amended for tunnels.
In order to get their first franchise
they led the people to believe they
would give phone competition and
some relief from rotten service. To
protect the city, council provided that
if they didn't get 20.000 bonafide sub
scribers by a certain date, or sold out
or agreed to sell out to another phone
company (meaning, of course, the
Bell) , their franchise and plant would
be forfeited to the city.
They got their tunnel, and didn't
get their 20,000 bonafide subscribers,
although they had a better phone
than the one used by the trust
Then they agreed to sell to the
trust for $6,300,000, which would let
them out of the telephone business
and still give them what they really
wanted in the first place a freight
tunnel system.
Now they want the city to waive its
rights and not insist on forfeiture of
phone franchise and plant, even if
they did fail to live up to their agree
ment. Not only that, but they want coun
cil to give permission for them to
sell out and gatrer in that $6,300,000,
although they know the subscribers
of the phone trust will have to pay
the $6,300,000 in increased rates; be
cause the trust will have the right
to add the $6,300,000 to its capitaliza
tion and charge rates that will pay in
terest on that money.
So what these promoters are ask
ing is that council consent to mak
ing Chicago telephone users pay $6,
300,000 for a telephone plant that will
be thrown on the junkpile as soon as
it is bought
The trust makes no pretense that
it will operate the Automatic plant.
It doesn't deny that the plant will go
to the junkpile as soon as it is
bought
So, if the deal goes through, no
body gets anything but the tunnel
company and the phone trust The
tunnel company gets $6,300,000 and
the phone trust gets a possible com
petitor out of the way and an abso
lute phone monopoly in Chicago.
Can YOU see any reason on earth
why any alderman should vote to per
mit the sale, or refuse to vote to start
forfeiture proceedings, UNLESS
THERE IS SOMETHING IN IT FOR
THAT ALDERMAN?
Why not take over the Automatic
plant and build it up as a Chicago
phone system, owned and operated
by the people for their own benefit,
with a good chance to bring excellent
phone service down to a cent a call
and a phone in every home?
SHORT ONES
The canteloupe trust is to be tried
this fall and we warn everyone con-

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