Титан

Wanted — Fifty-year Franchises

           Theyaretofixtherateofcompensationtobepaidtothestateorthecity,andtheratesoffare.Theycanregulatetransfers,stockissues,andallthatsortofthing.Iwasthinkingifatanytimewefindthisbusinessofrenewingthefranchisestoouncertainherewemightgointothestatelegislatureandseewhatcanbedoneaboutintroducingapublic-servicecommissionofthatkindintothisstate.Wearenottheonlycorporationthatwouldwelcomeit.Ofcourse,itwouldbebetteriftherewereageneralorspecialdemandforitoutsideofourselves.Itoughtnottooriginatewithus."

           HestaredatCowperwoodheavily,thelatterreturningareflectivegaze.

           "I’llthinkitover,"hesaid."Theremaybesomethinginthat."

           HenceforththethoughtofinstitutingsuchacommissionneverleftCowperwood’smind.Itcontainedthegermofasolutionthepossibilityofextendinghisfranchisesforfiftyorevenahundredyears.

           Thisplan,asCowperwoodwassubsequentlytodiscover,wasathingmoreorlessexpresslyforbiddenbythestateconstitutionofIllinois.Thelatterprovidedthatnospecialorexclusiveprivilege,immunity,orfranchisewhatsoevershouldbegrantedtoanycorporation,association,orindividual.Yet,"Whatisalittlematterliketheconstitutionbetweenfriends,anyhow?"someonehadalreadyasked.Therearefadsinlegislationaswellasdustypigeonholesinwhichphasesofolderlawaretuckedawayandforgotten.

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