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Newspaper Page Text
THE DAY BOOK
N. D. COCHRAN
EDITOR AND PUBLISHER,
MO SO. PEORIA ST. CniCAGO, ILL.
T ,,.,. ,., Editorial, Monroe 353
lelepnuneS Circulation. Monroe 3830
SUBSCRIPTION By Carrier In Chicago,
30 cents a Month. Br Mall, United
States, and Canada. 33 00 a Year.
Entered as second-class matter April
21. 1914, at the postolflce at Chicago.
111. under the Act of March 3, 1879.
FISHER AGAIN? Gosh, but Vic
Lawson's got his nerve with him. He
got Walter Fisher made special trac
tion counsel when the unification
skin game of 1907 was put over on
Chicago, and now he wants the town
to hire Walter again.
Old Vic never overlooks a bet No
sooner had council decided on a com
mission to inquire into subways and
unified operation of surface and ele
vated railways than Lawson saw a
chance to get in his work with Fisher
'again. Here's what he says in the
"Another ordinance is reported to
be in preparation relating to the em
ployment of a special attorney for the
new commission. Walter L. Fisher
has been mentioned as the person
most likely to be selected for this
purpose. In view of Mr. Fisher's
thorough knowledge of traction con
ditions and of the legal questions to
be dealt with, it is only natural that
he should be deemed well equipped
for the position."
It is well known around town that
Walter Fisher is one of Lawson's
pets, and it ought to be well known
about town that Fisher was the law
yer who represented the city in fram
ing up the notorious deal of 1907.
Chicago has voted three times for
municipal ownership. Some folks
thought the unification ordinance of
1907, with the 55 per cent of net
Brofits to the city, was a long step"
toward municipal ownership. But it
wasn't. It absolutely blocked mu
During the street railway arbitra
tion hearing the following interesting
facts were brought out while. Presi
dent Busby was on the witness stand:
Under the terms of the ordinance,
the price Chicago would have had to
pay for the surface lines in 1907 was
$55,000,000. But after the ordinance
has been in operation eight years the
price the city would have to pay now
is about $145,000,000.
The city has saved about $16,000,
000 toward the purchase price, but
the price has gone up $90,000,000.
And the price will keep going up
faster than the city's ability to pay.
inat means tnat tnere is no possi
bility of municipal ownership until
Walter Fisher's unification ordinance
expires by limitation in 1927.
Fisher did such a neat job for Law
son's street railway friends in 1907
that they evidently want the city to
hire him to do it again.
'It would be interesting to know
whether Lawson owns any of the
bonds or stocks of the street railway
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