Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1905-12-30

league will he entirely independent Of
State or city authorities. Within a
few days large corps of inspectors
will be sent out.
Lieutenant Governor Sherman will
receive much attention at Springfield
next session.
Marshall Field never robbed the PEG.
pie. He never Joined a trust. He
always went into an open market as
an honest competitor and sold his
goods at as low price rs any one
could sell them. How about that other
Chicago millionaire who made his
multi-millions dealing in ham. beef.
pork. lard and other stock yards prod
ucts? While running few Sunday
schools and technical training instl.
tutes on the side. he throws the bulk
Of his money into the Beef Trust to
stife competition. ruin the men Of
small means and raise the price Of
food on the people. There Is day Of
reckoning coming, though!
%eA
The Beef Trust deserves to he well
hanged ut the hands Of the people Of
Chicago. A few years ago an inves.
tigntion by the city authorities dis.
closed the fact that $2.JOO.OOO worth of
water had been stolen from the city
by means of blind pipes. by members
of the Beef Trust. or course the
city never got cent Of Its money
because the Beef Trust controlled the
right officials. Chlcagos Honest
Health Commissioner has now caught
the Beef Trust In the act Of dumping
impure food into Chicago.
Nothing In the financial history Of
the country IL finer or more calculated
to give confidence to the business and
commercial circles of the United
States than the splendid action Of the
Chicago banks In regard to the Walsh
bank failures.
The action Of tho clearing house
committee has done Justice to the
public, fair play to a downfallen
financier, and noble service in vindl
cation Of the financial stability Oi
Chicago.
The collapse Of what were known al
the Walsh banks was a shock to busl
ness and finance not only In Chicago
but thousands Of miles away. On thu
New York and Boston stock eA
changes there was great alarm, and
even on the London exchange there
was perceptible effect.
This was not because tho dealings
Of the fallen banks themselves were
Of 80 much magnitude, or 30 much
tremendous interest so far away, but
was because Of the fears which thel,
fall excited with regard to the general
condition Of business credit ind
finance In Chicago.
However. no sooner was 1t under
stood that all the organized financial
strength Of Chicago was standing
shoulder to shoulder to protect thu
depositors In the fallen banks than
fears abated. 1t was seen that thu
situation was one which Chicago
could handle and was handling Of
fectively.
This prompt restoration Of conf
dence In Chlcago's financial solidlty
was the highest possible compliment
that bankers and business men c0ult
pay to Chicago and her leaders II
commerce and finance.
These tinanclers and business lead
ers Of Chicago have earned for them
selves and for Chicago testimonial
that rebounds to their own credit ant
to that Of the city OF which they ar'
such worthy citizens.
The result Of their action PROVED
once again the truth that men whit
fairly and honestly do best for them
selves do best for others-for the pub
lie ana for their city.
In standing up fairly ana strongl!
for themselves, these men stood VI
for Chicago. Chicago and the who'll
country is proud Of them.
The great solid and always rellabl,
banking houses that came to the res
cue of Chlcagos reputation as a iinan
cial Institution, saved the day for IT.
business interests and for the who'll
city, are:
The IIlbernian Banking Assocla
ton.
The Fort Dearborn National Banl;
The Commercial National Bank.
Graham Il Sons.
The Continental National Bank.
The National Bank of the Republic
The Merchants Loan ana Trus
Company Bank,
The State Bank Of Chicago.
The people of the city of Chicago
and of Il much wider district than
bound the limits Of this city are under
obligations these festive times OF
Christmas deeper than they now ap
preclateJ 10 the men who stood in the
gap and saved the day for Chicago's
credit. These men are the heads and
directors Of Chlcago's banks.
\G
The Beef Trust is arranging 10 con
troll the next Illinois Legislature abso
lutely.