Newspaper Page Text
" '- '
"$4,000,000. Mr. Sunny's engineers
later came in with a valuation near
ly $2,000,000 lower than his.
Ralph Shaw, att'y for the bond
holders of .the Automatic, spoke ear
nestly in an effort to try and get the
amount at $3,000,000". --He told the
irreparable injury done the company
when the cityrefused to- allow them
to sell in 1909, and of the daily de
terioration of their property.
After hearing Shaw speak one al
derman left the room with tears (of
laughter) in his eyes-. He said he
thought the city should give the Au
tomatic Co. $500,000 instead of tak
ing money away from the poor bond
holders. After fiddling around for some min
utes Aid. Cross finally motioned to
have $500,000 fixed as the amount
of compensation. Aid. Merriam came
back with a substitute making the
"We have already fixed the value
of this property at $1,532,054," he
said. "Why do you suppose the Chi
cago Telephone Co. is so willing to
pay $6,300,000 for the property? It
means this $4,000,000 .difference is
the monopoly value, the franchise
value. It is to eliminate competition.
It is for the franchise which belongs
to the city of Chicago. You will
,lose more than $500,000 in your.next
Both Aid. Bergen and Lawleyspoke
against the substitute. Theyv de
clared there might be a chance of
.getting $500,000, that the city need
ed the money; but if the amount were
-fixed at $4,000,000 the company
would, refuse to buy and the city
would lose $500,000.
The substitute was defeated.
"Then Aid. Merriam moved to pass
the forfeiture ordinance drawn by
Judge Foster, the committee's att'y,
This motion was also defeated.
Then the aldermen started to
fidget. They were waiting for some
one to move the recommendation of
the ordinance to the council. They
didn't like the sardonic smile upon 1
the faces of J,ohn.Fitzpatriqk,.pres.
"of the' Chicago Federation of Labor;
Morton L. Johnson, pres. of the Pen
ny Phone league; Miss Harriett Vit
tuni of the Woman's Civil club and
representatives of other civic organ
izations who are fighting for the pub
lic operation of the Automatic's
Before the ordinance, was passed
on Aid. Bergen's motion, Aid. Mer- A
riam moved to amend it by inserting
a clause calling for a referendum
vote of the people before the sale is
The aldermen who voted against
the people of Chicago having a say
so in the sale were Toman, Bergen,
Haderlein, O'Toole, Rea, McNichols,
Pettkoske, Lawley and Utpatel. Aid.
Wallace, Buck, Merriam and,Kearns
voted for the referendum amend
ment When Aid. Sitts, chairman of the
committee, announced the vote Aid.
Merriam said he intended to turn in
a minority report to the council Aid.
Buck. Wallace. Kearns and himself
will probably meet today or tomor
row to draw up this report
STEAlVlSHIP LINE SETTLES FOR
LIVES LOST ON TITANIC
New York, Jan. ?8. White Star
Line deposited $544,475 with New
York Trust Co. yesterday for immedi
ate distribution among 660 claimants
for damages arising from loss of
steamship Titanic, which was sunk
by an iceberg in April, 1912, with the
los" or nearly 1,600 lives.
To Mrs. Irene Wallack Harris, wid
ow of Henry B. Harris, theatrical
manager, one of victims of disaster,
will be Daid ST8.750. She had sued
for $1,000,000 for loss of her hus- r
Mrs. Elizabeth C. Case Of Roches
ter, widow of Howard B. Case, re
ceives same amount as Mrs. Harris.
She had sued for $300,000. Mr. Case
,was the managing director ''of the
vacuum un uo., with a salary of
$20,000 a year. '