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Newspaper Page Text
RANCHERS JOLT LOCAL BEEF BARONS
THE DAY BOOK An Adless Newspaper, Daily Except Sunday VOL. 6, NO. 60 Chicago, Thursday, December 7, 1916 398 HOW SAM INSULL IS ABOUT TOJDO CHICAGO His Two Big Stunts to Prop Up His Multi-Million Utility Trust To Fix Up the Gas Company, Get a Per petual Street Railway Franchise and Kill Municipal Ownership. BY N. D. COCHRAN Without going into the details of that report of the subway commis sion, in general it looks as if the game is to have another Unification, pump more water'into street railway capitalization, get a perpetual fran chise, make the people pay '2 cents for a transfer, wipe out the traction 55per cent fund and' make municipal ownership impossible by making it Jmjpractljablf. Making the proposed new grant run until terminated by public own ership is equivalent to a perpetual franchise, because the price is to be piled up so high that even Chicago will never be able to get the money to buy. After voting three times for mu nicipal ownership the people were trapped into putting it off until 1927 by the unifying ordinances of 1907. Walter Fisher, was th? ciXfs.4aj-.