The Washington herald., 1908-01-22
SPEAK OUT FOR GROSSCUP
Chicago Press on Move to Defeat
Traction Plan.
REORGANIZATION said To Have the
Few MaIcoDtents.

Chicago, Jan. I-There is intense in
terest here ia the outcome OF the effort
made al Washington. through a legal
move. before the United States Supreme
Court. TO defeat the reorganization of the
traction system. The Daily News says,
editorially. to-day.
The two Chicago lawyers who have
gone TO Washington to petition for ID
court hearing ON behalf Of few mold
ers of stocks and debt certificates In
VOWED in the proposed settlement Of the
Union Traction tangle seem inclined 10
test the Credulity Of those who listen
20 their tale OF woe.
All but the holders Of a small fraction
Of the securities have approved the plan
Of reorganization, which Lawyers AldriCh
and Crawford ostensibly are trying 20
defeat IN the last days Of the period dur
ing which Il may be put ia force. It is
unfortunate for these spokesman Of a
handful OF malcontents that they choose
10 match their regulations for integrity
against that of Judge Gr0sscup. Their
intimate that the latter has used un-
justifable means 70 secure success for the
reorganization plan arouses no responsive
sentiment IN the b0soms Of Chlcag0ans-
The people Of this city are familiar with
the course followed in this matter by
Judge GrosscUp as well as that followed
By Lawyers Aldrich and Crawford While
differences Of opinion have arisen during
the period in which Judge GrOsscup has
strlveu 10 conserve the traction prop
critics placed under the protection Of
his court, no responsible person has ques-
toned his good faith. Can as much be
said for the men who now make serious
insinuati0ns against him"'
The Record-HeraId says.
Ordinarily there would be no occasion
for public concern over internal squsbbles
among the stock. bond and receivership
certificate holders % the Union Traction
system and its constituent elements. The
present situation is such. however. as TO
attach very positive public interest III
the curious proceedings Of Messrs. Aldr!ch
and Crawford in the United States Su-
preme Court.
Unless the Union Traction Company
and its underlying interests have so far
composed their conflicting interests as 20
be able TO comply with the terms OF the
ordinance by February I. their option dis
appears and a grant Is automatically
made 10 the City Railroad Company.
This disposes Of the matter SO far as
Chicago IS concerned. but II this is 10
be the outcome. valuable time has been
wasted, for il would have been as well
20 have taken this action year ago.
That this course was not taken was due
largely TO a desire on the part of the
city 10 be more than just to the bankrupt
Union Traction system.
TO meet the emergency q TeOrgaDiza-
ton plan was worked out. and under the
direction Of Judge GTossCup II has been
so modified as 10 receive practically the
unanimous approval Of almost innum-
cradle conflicting interests.
'Inasmuch as the Record Herald has
freely criticised acts and utJeTanCes OF
Judge GTOssCup. II is but fair that il
should also make explanation Of its belief
that for his part in the achievement OF
this remarkable result, Judge Grosscup
has earned the gratitude of Chicago and
Of the property interests he was endeav-
0ring TO conserve. and this belief is only
Accumulated 10y the criticisms of Messrs
AIdTich and Crawford
We are not competent to deal with the
technical legal side Of the points of which
Messrs. Aldrich and Crawford. represent
ing an almost negligible faction Of the
total interests involved. hope 10 obtain
from the United States supreme Court, an
order that viii prevent the acceptance Of
the ordinance within the required time.
IF the court finds merit I'm their legal
claims it is greatly TO be hoped that it
may order some action that viii both
safeguard the legal rights Of the plaintiffs,
and prevent the enormous loss to the
overwhelming majority Of those in in
terest that would inevitably follow the
nonacceptanCe Of the ordinance"