Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1910-01-29

should properly be handled by board
of experts, by the city council, whose
especial fitness seems to be an ability
to do the right thing in the wrong
way and the wrong thing In the right
way"
Chicago contractors will probably
build an important section Of Greater
New York's proposed new water.supply
system. known as the Catskill aqne-
duct. Word was received In Chicago
that George w. Jackson, Inc, was the
lowest bidder for the construction OF
the Yonkers pressure tunnel, a bore
two miles in length through solid rock
and forming one OF the most important
sections of the water.supply improve
ment. The bid of the Jackson com.
pany was 81 100000, which was several
thousand dollars below the other bid.
ders.
Estimated cost Of the completed i'm.
provement as planned Is $75,000,000.
George w. Jackson is now In New
York and expects that the contract for
the tunnel will be awarded to his com.
pany In q few days.
Platform extension and stub termin.
ais as the panecea for trafic Ills on the
Union Loop is urged by Mason B. Star.
ring. OF the Northwestern Elevated
Railroad. Mr. Starring in an inter.
view declared: THE Northwestern
wants to give the best service possible.
but this It cannot do because Of rea.
sons 1t cannot control. It has added
modern cars with cross seats and has
yielded to the city's Views on through
routing and transfers. Yet It Is denied
the right to floor over platform exten.
sions whose framework was finished
years ago. This should be done at
once. Two stops and two starts at each
station would not be necessary then
and the capacity of the road would De
increased 20 per cent As soon as the
city will grant elongation OF platforms
the elevated roads will rearrange their
tracks to eliminate one company's
tracks crossing those Of another and
the consequent delay"
AG5A
Re-assignment OF the judges of the
Municipal Court for the next quarter
was announced by Chief Justice Olson
Tuesday. to 20 into effect February /.
II will affect all the judges OF the
court with the exception Of Judge Co
ing. who Is reassigned to the Crimi-
nal Court; Judge Maxwell at the
Maxwell street branch. and Judge Fry
at the Woodlawn and Englewood
branches. This Is the first change
that has been made since last Sep
tember, and Is with a view to equaliz.
ing the work of the judges. Some as
signments are more difficult than 9th
ers and some court rooms are more
pleasant than others.
A stringent State law is needed to
regulate the establishment Of banks.
There are too many wildcat financial
schemes now Ia existence in Chicago.
Not wishing to compete with the big
banks, irresponsible people are starting
up small banks In the outlying districts
OF Chicago, from time to time. This
practice has had disastrous results
upon the business and financial inter.
ests OF the entire city. Many hundred
small business men and traders have
been ruined by this class of institu'
tOns.
This nefarlous practice should be
stopped and the only way to stop 1t Is
by municipal legislation.
A provision ought to be made In the
city charter authorizing the city under
its police power to regulate the estab-
llshment OF banks and creating In
pursuance Of this work a board for
the examination OF all proposed new
banking concerns. Such board
should be given ample power to exam
Inc into the financial standing oi the
promoters OF these institutions. and
unless such as could show assets ample
for the carrying on Of their business,
sufficient to cover the amount of their
deposits. and sound and substantial
enough to thoroughly protect their
6epositors.
There can be no question as TO the
right and the Justice Of the city 10
exercise such power under properly
constructed charter provision. II the
city has the right to regulate plumb
ees. to regulate engineers, to regulate
the electrical business, to regulate pawn