OCR Interpretation

The day book. (Chicago, Ill.) 1911-1917, May 22, 1915, NOON EDITION, Image 12

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

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1915-05-22/ed-1/seq-12/

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The backbone of the city council
will be tested next Monday night Pe
titions from the most powerful bank
ers, brokers and corporation officers
in Chicago will come before the coun
cil. They ask the council to recon
sider the action of last Monday night
ordering Corporation Counsel Fol
som to start forfeiture suit to seize
the automatic phone system.
Corporation Counsel Folsom said
before he comments on the telephone
lineup he is going to read the council
proceedings. Mayor Thompson has
gone to a Republican powwow in In
dianapolis. "To reconsider, in this case, means
to crawfish," said Aid. John C. Ken
nedy, who introduced the order. "The
vote of the council was 58 to 8. It
meant to go ahead. The stock ex
change, the Board of Trade and the
banks now say 'Stop.'
'The isstte is clear. If the auto
matic telephone crowd can get away
with the game they are now at it
means all franchises are just so much
worthless paper. If there ever was
a clear and solemn pledge written
into a franchise it is this very one we
are talking about now in the auto
matic company franchise.
"As clear as language can say any
thing it says that the city shall take
this property if the company hasn't
got 20,000 subscribers. That pledge
was given by the automatic crowd in
1900 because they were then accused
of playing a flim-flam game and
had no genuine intentions of oper
ating a telephone system. In order
to convince the council and the peo
ple then that they were in good
faith, they promised the city could
take and keep the whole property if
they didn't make good on getting 20,
000 subscribers. They have not tried
to run a phone system. They have
played a puppet game in the interests
of financial riggers, on La Salle st.
"If now tie city council takes any
orders from the bankers and corpor
ation officers this is what will hap
pen: Every time a corporation officer
or lawyer comes asking a franchise
favor from the aldermen the treach
ery of the automatic company will be
pointed to."
There is hardly any real big bank
er or broker in Chicago whose name
is not on the petitions addressed to
the mayor and going to council Mon
day night. It's funny the name of
John J. Mitchell is among signatures.
John J. is a stockholder of the Chi
cago Telephone Co. Both the For
gans, George M. Reynolds and his
son, Earl H., are on. Also Orson
Smith of the Marshall Field estate.
It's the hottest swarm that's come
swarming outof La Salle st and
bankers' row in many a day.
David F. Houston. Secretary of Ag
riculture, now making a tour of the
western states to personally study
means of developing the timber
water power and agricultural re
sources of the national forests.
o o
Elizabeth d'ankovicr, employed -at
450 Orleans st, killed by water tank
crashing through roof.

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