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Chicago Gas

           Atthesametimetheyweresuspicious—oneandall—ofanycombinationschemebyanoutsider.Whowashe?Whomdidherepresent?Hecouldmakeitclearthathehadamplecapital,butnotwhohisbackerswere.Theoldofficersanddirectorsfanciedthatitwasaschemeonthepartofsomeoftheofficersanddirectorsofoneoftheothercompaniestogetcontrolandoustthem.Whyshouldtheysell?Whybetemptedbygreaterprofitsfromtheirstockwhentheyweredoingverywellasitwas?BecauseofhisnewnesstoChicagoandhislackofconnectionasyetwithlargeaffairsCowperwoodwaseventuallycompelledtoturntoanotherscheme—thatoforganizingnewcompaniesinthesuburbsasanentering-wedgeofattackuponthecityproper.SuburbssuchasLakeViewandHydePark,havingtownorvillagecouncilsoftheirown,werepermittedtograntfranchisestowater,gas,andstreet-railwaycompaniesdulyincorporatedunderthelawsofthestate.Cowperwoodcalculatedthatifhecouldformseparateandseeminglydistinctcompaniesforeachofthevillagesandtowns,andonegeneralcompanyforthecitylater,hewouldbeinapositiontodictatetermstotheolderorganizations.Itwassimplyaquestionofobtaininghischartersandfranchisesbeforehisrivalshadawakenedtothesituation.

           Theonedifficultywasthatheknewabsolutelynothingofthebusinessofgas—itspracticalmanufactureanddistribution—andhadneverbeenparticularlyinterestedinit.

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