Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1910-12-24

streets within the city shall. except
as otherwise expressly provided in
the respective ordinances under which
tracks have heretofore been or may
hereafter be authorized to be laid,
WHEN ORDERED SO TO DO BY
THE COMMISSIONERS OF PUBLIC
WORKS. keep moistened and we'll
sprinkled with water In q manner sat.
isfactory to the said Commissioner.
the several streets upon and along
which they or either Of them may op.
crate and maintain his or its respec.
tive railway tracks.
Any person or corporation violating
any Of the provisions Of this section
shall be fined not less than twenty.
five nor more than one hundred dol
lars for each ofIense. and each and
every day on which any such person
or corporation shall neglect. fail or
refuse to comply with any Of the pro.
visions Of this section shall constitute
. separate and distinct ofSense."
The Barnacles' Union that has held
Office In the City Hall for the greater
part OF thirty.one years, has banded
together for mutual protection and
the "magic name Of" ETC., etc.
~6A
The First ward Is for Harrison. He
was the only mayor that Chicago ever
had who stood for the First ward ball
with trimmings and variations. To
ensure the existence of the First ward
ball as a permanent city institution
Harrison must be mayor.
The Harrison leaders bolted Dunno
almost to man In 1907 because
Dunno beat Harrison fairly at the pri
maries. Now those OF them that are
not holding Republican jobs have the
gall to ask the people to give them the
places they were warming a genera
ton ago.
A stringent State law is needed Il
regulate the establishment Of banks.
There are too many wildcat hnancia
schemes now In existence In Chicago.
Not wishing to compete with the Dil
banks, irresponsible people IRE starting
up small banks In the outlying district
of Chicago, from time to time. Thi
practice has had disastrous result
upon the business and financial inter
ests OF the entire city. Many hundre
small business men and traders hav
been ruined by this class Of instlt'
tlOns.
This nefarlOus practice should
stopped ana the only way to stop 1T
| by municipal legislation.
A provision ought to be made In tn
city charter authorizing the city unde
Its police power to regulate the estat
lishment of banks and creating i
pursuance Of this work board fO
the examination of all proposed ne,
banking concerns. Snch a boar
should be given ample power to exam
Inc into the financial Standing III tn
promoters OF these institutions. an
none should be allowed to be license
unless such as could show assets ampl
for the carrying on of their business
sufficient to cover the amount OF thei
deposits, and sound and substantii
enough to thoroughly protect thel
depOsitors.
There can he no question as to til
right and the justice of the city [
exercise such power under a prOperl
constructed charter provision. II til
city has the right to regulate pluml
ers, to regulate engineers, to regulat
the electrical business. to regulate pawl
brokers and the scores Of other bus
ness enterprises and industries Owe
which 1t exercises unquestlOned supe
vlsing powers, 1t certainly has pc
feet right to regulate the banking bus
ness, which Ia OF far more lmportanC
than anything In the line Of bushes
In the city. because upon the legitimat
and honest business methods of thes
institutions elepends the welfare Of IL
entire city In Its business and CONNIE
cial life. while methods of n cOntrar
kind INDUCED In by small. irresponsible
speculative concerns only results
failures that involve injurlously the II
terests OF the entire community. Ho'
often have we seen 1t that the failul