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Updated: July 6, 2025
We do not want a public-service commission at the behest of a private street-railway corporation. Are the tentacles of Frank A. Cowperwood to envelop this legislature as they did the last?" This broadside, coming in conjunction with various hostile rumblings in other papers, aroused Cowperwood to emphatic language. "They can all go to the devil," he said to Addison, one day at lunch.
They talked for a little while on street-railway and corporation matters. Hand wanted to know something concerning West Chicago land a region adjoining Ravenswood. Cowperwood gave him his best advice. The next day he 'phoned, and the stocks, so Hand informed him, were available. He would send a check over.
His street-railway properties were like a net the parasite Gold Thread linked together as they were, and draining two of the three important "sides" of the city. To-day, under his management, they were capitalized at between sixty and seventy millions.
Tiernan, Edstrom, Kerrigan, and Gilgan met and mapped out a programme of division far too intricate to be indicated here. Needless to say, it involved the division of chief clerks, pro rata, of police graft, of gambling and bawdy-house perquisites, of returns from gas, street-railway, and other organizations. It was sealed with many solemn promises.
You could see at one glance that he would make Stener do exactly what Mollenhauer suggested. His business was to induce Stener to part with his street-railway holdings at once through Tighe & Co., Butler's brokers, to the political sub-agent who would eventually transfer them to Mollenhauer. What little Stener received for them might well go into the treasury.
The charge of seducing women so frequently made against the street-railway magnate, so shocking to the yoked conventionalists, did not disturb him at all. Back of the onward sweep of the generations he himself sensed the mystic Aphrodite and her magic. He realized that Cowperwood had traveled fast that he was pressing to the utmost a great advantage in the face of great obstacles.
There is much talk of profits how much more profitable has been the Cowperwood regime over street-railway lines than that of Mr. Schryhart. Mr. Fishel is interested in allaying socialistic excitement. So, by this time, is Mr. Merrill. Directly hereafter Mr. Haeckelheimer approaches Mr. Edward Arneel, who is not nearly so forceful as his father, though he would like to be so.
"Cowperwood," he said to him the first morning he ever broached this matter it was in Stener's office, at the old city hall at Sixth and Chestnut, and Stener, in view of his oncoming prosperity, was feeling very good indeed "isn't there some street-railway property around town here that a man could buy in on and get control of if he had sufficient money?"
Suburbs such as Lake View and Hyde Park, having town or village councils of their own, were permitted to grant franchises to water, gas, and street-railway companies duly incorporated under the laws of the state.
We started about the same time, and it rankles to hear of his making a lucky strike just when I've had a tumble. This matter of my backing Warner when I went to Augusta they told me they had met with more bad luck, and if I didn't advance fresh funds they would have to go under. It was the biggest risk I ever took, but I took it. I raised the money on my street-railway bonds.
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