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Updated: May 23, 2025
They had been visiting various cities, looking for a convenient outlet for their capital, and had finally picked on Chicago. They had looked over the various lines here, and had decided that the North Chicago City Railway was as good a field as any. He then elaborated with exceeding care the idea which Cowperwood had outlined to him. Kaffrath, dubious at first, was finally won over.
After the lapse of a few weeks Addison, still acting for Cowperwood, had a second and private conference with Kaffrath. He said, after exacting a promise of secrecy for the present, that since their previous conversation he had become aware of new developments. In the interval he had been visited by several men of long connection with street-railways in other localities.
Not long after this Cowperwood had a short talk with Kaffrath, in which he promised the latter not only six hundred dollars a share for all the stock he possessed or would part with on lease, but a bonus of new company stock for his influence. Kaffrath returned to the North Side jubilant for himself and for his company.
"That's a pretty heavy load of expense that's staring you North and West Side street-railway people in the face," he took occasion to observe. "How's that?" asked Kaffrath, curiously, anxious to hear anything which concerned the development of the business.
The distrait promoter at once decided to try not only Bailey and Kaffrath, but Videra; but even as he drove toward the office of the first-mentioned Cowperwood was personally busy reaching him by telephone. "I say, Bailey," he called, when he had secured the wealthy lumberman on the wire, "Benoni Stackpole, of Hull & Stackpole, was here to see me just now." "Yes."
At the same time, through Videra, Kaffrath, and Addison, he was effecting a scheme of loaning money on call to the local Chicago banks the very banks which were most opposed to him so that in a crisis he could retaliate.
American Match is going to bust." "Yes." "But I want you to loan this man five hundred thousand dollars at one-twenty or less and then recommend that he go to Edwin Kaffrath or Anton Videra for the balance." "But, Frank, I haven't any five hundred thousand to spare. You say American Match is going to bust." "I know you haven't, but draw the check on the Chicago Trust, and Addison will honor it.
"What's the matter with them cars?" asked Albert Thorsen, one of the elder directors, at one of the meetings at which Kaffrath was present and offering his usual protest. "I don't see anything the matter with 'em. I ride in em." Thorsen was a heavy, dusty, tobacco-bestrewn individual of sixty-six, who was a little dull but genial.
Quite by accident, apparently, one day Addison, thinking of the different men in the North Side company who might be of service to Cowperwood, and having finally picked young Kaffrath as the ideal agent, introduced himself to the latter at the Union League.
Though there was here and there a man of sense such as Terrence Mulgannon, the general superintendent; Edwin Kaffrath, a director; William Johnson, the constructing engineer of the company yet such other men as Onias C. Skinner, the president, and Walter Parker, the vice-president, were reactionaries of an elderly character, conservative, meditative, stingy, and, worst of all, fearful or without courage for great adventure.
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