Титан

Chicago Gas

           Athirdcompany,theNorthChicagoGasIlluminatingCompany,hadbeenorganizedalmostsimultaneouslywiththeWestSidecompanybythesameprocessthroughwhichtheothercompanieshadbeenbroughtintolifetheiravowedintention,likethatoftheWestSidecompany,beingtoconfinetheiractivitiestothesectionsfromwhichtheorganizerspresumablycame.

           Cowperwood’sfirstprojectwastobuyoutandcombinethethreeoldcitycompanies.Withthisinviewhelookeduptheholdersinallthreecorporationstheirfinancialandsocialstatus.Itwashisideathatbyofferingthemthreeforone,orevenfourforone,foreverydollarrepresentedbythemarketvalueoftheirstockhemightbuyinandcapitalizethethreecompaniesasone.Then,byissuingsufficientstocktocoverallhisobligations,hewouldreaparichharvestandatthesametimeleavehimselfincharge.HeapproachedJudahAddisonfirstasthemostavailablemantohelpfloataschemeofthiskind.Hedidnotwanthimasapartnersomuchashewantedhimasaninvestor.

           "Well,I’lltellyouhowIfeelaboutthis,"saidAddison,finally."You’vehitonagreatideahere.It’sawonderithasn’toccurredtosomeoneelsebefore.Andyou’llwanttokeepratherquietaboutit,orsomeoneelsewillrushinanddoit.Wehavealotofventuresomemenouthere.ButIlikeyou,andI’mwithyou.

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