Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1910-01-08

among the insane and paupers at DUN.
ming looks SUSPICIOUS to say the least.
~6
Meanwhile the traction graft. stolen
from the city. has been lost sight Of.
Alderman leaders who have become
very rich, very suddenly within the
past few years, are to be taken up by
the Grand Jury, according to the Daily
flaws. The sooner the better.
Every Prince in Chicago should be
made to pay license Of $4,000 year
or leave town. This Il no place for
princes.
Mayor Busse Is the hardest working
chief executive that Chicago has ever
had. and is the most accessible to the
people.
Every two years the people Of the
Third District hear Of their Congress.
man. Election time. Of course.
How much can City Comptroller Wal.
ter H. Wilson tell about the Central
Electric Light Company?
The death strip" must 20.
With mechanics barred from Jury
service and princes" extolled by daily
newspapers something Is going to hap.
pen.
| An investigation Of the Milk Trust
by the States Attorney would please
the people Of Chicago, especially the
poor mothers and fathers who can III
afford to pay the exhorbitant price on
a food that Is 90 necessary to the
health Of their little ones.
The penitentiary Is the proper place
for men who place an exhorbitant
price on milk.
AZ
One tariff. Che country. one trust
Is the motto OF tho Harvester Trust
1t pays about / per cent of the taxes
It ought to pay In Chicago. The other
30 per cent IL usufruct.
A stringent State law is needed Il
regulate the establishment Of banks.
There are too many wildcat fnancia
schemes now In existence In Chicago.
Not wishing to compete with the biz
banks, irresponsible people are starting
up small banks In the outlying districts
of Chicago, from time to time. Thl,
practice has had disastrous result,
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
tiOns.
This nefarlous practice should b.
stopped and the only way to stop 1t Il
by municipal legislation.
A provision ought to be made In thu
city charter authorizing the city undel
Its police power to regulate the estab
lishment Of banks and creating II
pursuance Of this work board fol
the examination of all proposed new
banking concerns. Such board
should be given ample power to exam
Inc into the financial standing % thu
promoters Of these institutions, ant
none should be allowed to be licensed
unless such as could show assets ample
for the carrying on Of their business
sufficient to cover the amount Of thei
deposits, and sound and substantial
enough to thoroughly protect thei
depOsitors.
There can be no question as to tn
right and the Justice Of the city Il
exercise such power under a properl!
constructed charter provision. II th'
city has the right to regulate plumb
ses, TO regulate engineers, to regulat'
the electrical business. to regulate pawn
brokers and the scores OF other busi
ness enterprises and industries owe
which 1t exercises unquestioned super
vising powers. 1t certainly has q per
feet right to regulate the banking busi
ness. which is Of Tar more importanc
than anything In the line Of busines
In the city. because upon the legitimat
and honest business methods OF thes
institutions depends the welfare Of tn
entire city In Its business and CONNER
cial life. while methods OF contrar,
kind INDUCED In by small, irresponsible