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The Power of the Press

           Thebestthinginthelongrunwouldbetotunnelundertheriver;butthatissuchanexpensivepropositionthat,asthingsarenow,weareinnopositiontoundertakeit.ThetrafficontheNorthSidedoesnotwarrantit.ItreallydoesnotwarrantthereconstructionofthethreebridgeswhichwenowuseatState,Dearborn,andClark;yet,ifweintroducethecablesystem,whichwenowpropose,thesebridgeswillhavetobedoneover.Itseemstome,seeingthatthisisanenterpriseinwhichthepublicisasmuchinterestedalmostasweare,thatitwouldonlybefairifthecityshouldhelppayforthisreconstructionwork.Allthelandadjacenttotheselines,andthepropertyservedbythem,willbegreatlyenhancedinvalue.Thecity’staxingpowerwillrisetremendously.IhavetalkedtoseveralfinanciershereinChicago,andtheyagreewithme;but,asisusualinallsuchcases,Ifindthatsomeofthepoliticiansareagainstme.SinceIhavetakenchargeoftheNorthChicagocompanytheattitudeofoneortwopapershasnotbeenanytoofriendly."(IntheChronicle,controlledbySchryhart,therehadalreadybeenanumberofreferencestotheprobabilitythatnow,sinceCowperwoodandhisfriendswereincharge,thesky-rocketingtacticsoftheoldLakeView,HydePark,andothergasorganizationswouldberepeated.Braxton’sGlobe,ownedbyMerrill,beingsemi-neutral,hadmerelysuggestedthatithopedthatnosuchmethodswouldberepeatedhere.

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