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Newspaper Page Text
$6,300,000 sale price to the Chicago
Telephone Co. capitalization. This
would shoot phone rates higher than
The amazing thing of the.day was
the bum memory of Sunny. There
was surprise or laughter, on nearly
every face in the room wfien Sunny
coolly said he didn't know anything
about the proposed sale of the auto
matic to the Bell monopoly except as
he had heard it talked about among
A. T. & T. officers and among Illinois
Tunnel' Co. officers.
Foster Mr. Sunny, you were vice
president of the American Telephone
& Telegraph Co. and a director in
1913, when this contract was writ
ten? Sunny Yes.
Foster You are also president of
the Wisconsin Telephone Co., the
Michigan Telephone Co. . and the
Cleveland Telephone Co., are you
Sunny I am. Yes.
Foster Yet you were not consult
ed in the making of this contract and
know nothing about it until A. T. & T.
officers in New York and officers of
the Automatic company in Chicago
told you about it?
Sunny I did not assist in writing
the contract and I know nothing ex
cept what I learned by reading it
Foster You don't know why the
A. T. &. T. wants to pay $6,300,000 for
this property, which you say may
be scrapped? You don't know what
consideration is expected by the
A. T. & T.?
Sunny I know nothing besides the
statements made in the contract.
Foster Now, Mr. Sunny, the Bell
system has 8,000,000 phones in itself
and owns companies having 5,000,
000 other phones. These are all-manual
and not automatic. It's a proper
ty with $1,000,000,000 of capital in it
Now you say the Bel system is ready
to install any new superior phone.
Would the Bell company scrap its
billion dollar investment In the man
ual phone in order to demonstrate I
the superiority -of the automatic?
Sunny Well, I think the answer to ,
that is that if the automatic Is more
successful the Bell would adopt it as
Foster What would the Chicago
Telephone Co. do with the automatic
system in Chicago if permitted to buy
it for $6,300,000 as proposed?
Sunny I can't say. First, we would
investigate its uses. That would take
about six months. Then we would
decide what to do with it
Foster What would your company
do about the $6,300,000 purchase
Sunny We would put the $6,300,
000 on our books and add it to our
capital account the same as other
expenses or property.
THAW VERY CALM WHEN FREED.
WINS HIS NINE-YEAR FIGHT
New York, July 16. Harry K.
Thaw, who shot and killed Stanford
White on the night of June 16, 1906,
'walked from the courtroom a free
man at noon today. Justice Hendrick
accepted the finding of the jury that
declared Thaw sane and immediately
after announcing his decision admitv
ted Thaw to $35,000 bail
Warned by deputy marshals, the
big crowd in the courtroom attempt
ed no demonstration. Thaw himself
sat unmovel by the decision. When
the court overruled the state's at
tempt to block his release on bail, he
turned on Deputy Att'y Gen. Cook
a quiet smile of triumph. His nfne
year fight for freedom had been won,
but Thaw was the most undemon
strative person in the great crowd in
and around the supreme court build
The state immediately entered an 9
appeal from Justice Hendrick's find
ing. Att'y Stanchfield for Thaw rose
with an application for bail. Ass't
Att'y Gen. Bomberg immediately ob
jected. o o
Kramer & Rattlaffs saloon, 822 W.
Harrison, held up for $170.