Титан

Street-railways at Last

           Butwouldthey?Howcouldhegetthemtoseethat,eventhoughitwerenecessarytomortgagethelinesforyearstocome,itwouldpayinthelongrun?Hewassickofold,conservative,cautiousmethods.

           AfterthelapseofafewweeksAddison,stillactingforCowperwood,hadasecondandprivateconferencewithKaffrath.Hesaid,afterexactingapromiseofsecrecyforthepresent,thatsincetheirpreviousconversationhehadbecomeawareofnewdevelopments.Intheintervalhehadbeenvisitedbyseveralmenoflongconnectionwithstreet-railwaysinotherlocalities.Theyhadbeenvisitingvariouscities,lookingforaconvenientoutletfortheircapital,andhadfinallypickedonChicago.Theyhadlookedoverthevariouslineshere,andhaddecidedthattheNorthChicagoCityRailwaywasasgoodafieldasany.HethenelaboratedwithexceedingcaretheideawhichCowperwoodhadoutlinedtohim.Kaffrath,dubiousatfirst,wasfinallywonover.Hehadtoolongchafedunderthedusty,pokyattitudeoftheoldregime.Hedidnotknowwhothesenewmenwere,butthisschemewasinlinewithhisownideas.Itwouldrequire,asAddisonpointedout,theexpenditureofseveralmillionsofdollars,andhedidnotseehowthemoneycouldberaisedwithoutoutsideassistance,unlessthelineswereheavilymortgaged.Ifthesenewmenwerewillingtopayahighrateforfifty-onepercent.

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