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Updated: May 23, 2025
His father, a former heavy stockholder of this company, had recently died and left all his holdings and practically his directorship to his only son. Young Kaffrath was by no means a practical street-railway man, though he fancied he could do very well at it if given a chance.
Frank Algernon Cowperwood, hitherto unmentioned in connection with Chicago street-railways, was pointed to as the probable successor to Onias C. Skinner, and Edwin L. Kaffrath, one of the old directors, as future vice-president. The men back of the deal were referred to as "in all likelihood Eastern capitalists."
Hand, Schryhart, Merrill, and Arneel were willing to risk much more money, but it grieved and angered him to think he and Hull should be thus left to sink without a sigh. He had tried Kaffrath, Videra, and Bailey, but they were adamant. Thus cogitating, Stackpole put on his wide-brimmed straw hat and went out. It was nearly ninety-six in the shade.
Cowperwood next called for Mr. Kaffrath. Conversing to similar effect with that individual and with Videra, before three-quarters of an hour Cowperwood had arranged completely for Mr. Stackpole's tour. He was to have his total loan at one-twenty or less. Checks were to be forthcoming at once. Different banks were to be drawn on banks other than the Chicago Trust Company.
Cowperwood and Addison had by now agreed, if this went through, to organize the Chicago Trust Company with millions back of it to manipulate all their deals. Kaffrath only saw a better return on his stock, possibly a chance to get in on the "ground plan," as a new phrase expressed it, of the new company.
He was in the paint business, and always wore a very light steel-gray suit much crinkled in the seat and arms. "Perhaps that's what's the matter with them, Albert," chirped up Solon Kaempfaert, one of his cronies on the board. The sally drew a laugh. "Oh, I don't know. I see the rest of you on board often enough." "Why, I tell you what's the matter with them," replied Kaffrath.
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