The herald-advance. (Milbank, S.D.) 1890-1922, 1911-11-03

Il suggest" seM Mr.. Haldane. that
any information you may acquire
should be submitted to those Of n
Who Are present before any use u
made Of It."
"Oh that. Of course" said Linsy.
~Chief. don't make any moves without
submitting them to me"
There Ia still another matter q
interest n US all which must b ST.
ted" continued Haldans.
Whats that!"
1.-The old franchise Of the New York
Street Car company that expires this
spring: the link that completes the
circle Of the Gotham Freight Tracttoa
company"
We'll. 1t doesn't seem to me- that's
very difficult proposition" said Lney.
We've got the board Of aldermen.
and the borough presidents as well.
All we've got to do is TO draw up an
ordinance and shove It through. The
mayor here'u sign 1t, and thatu be
the end of It."
1T Is by no means rs easy ~ you
think. Liney." said Haldane. IT
know anything about Gormly he'll
make q fight on that Issue. That IL
our weak point. II We had that fran
chise safely passed and In our pock-
cts. we could laugh ut him. l don't
know whether 1t would not be better
to defer the passage Of such an ordi.
nance until after the election"
II think that while there Is much
In what you say, Haldane." said Van
Slyke. yet we'd better make sure Of
the ordinance before the election.
We would have that. anyway, even II
we failed, which. a. Mr.. L6ey says,
Is hardly possible"
Gentlemen said Haldane, II am
by no means convinced Of what you
say. tell o that the main fight
will be on the disposal of that very
franchise. l admit that we can pass
anything In spite Of any connections,
but the question is do we want IT,"
That's hardly the question:" said
Mcdonald. "Of course we want It:
but the question is. is it the best
thing to do. l think there IL tremend'
Gus force in your arguments, Mr.. Hal
dane. II we present ourselves with
that franchise, which is 60 immensely
valuable and vital indeed to the com-
pletion Of our properties. as we'll as to
the public, we shall certainly have
given to the opposition the strongest
ground for appeal to the people. Il
we do not present ourselves with the
frMnnhtOo ~ vun o1fNuu thu n1a~ttnn Tn
determine that unoflicially 40 1t were,
and then when We have won the cleo.
ton, we avail ourselves Of our oppor
tunfties, We shall be In q much safo5
and better position"
do you wish to submit this fran
chise to the vote Of the people. Mr..
McRonald!" asked Rutherford.
by no means." answered the nnan.
cier.
well, what do you propose thenf"
'This. Would it not be we'll. in
case this movement grows strong
enough to be worthy Of the attention
we are giving 1t. to declare AZ from
the party in power that while we have
the power to grant the franchise. oud
while we think 1t would be for the
interests of the people that I: should
be granted. yet we are willing to ce.
fer action until after the election and
let N election l. CT -a1ne.
Til: would Re i wise corrf y" sstd
Ha;dt..e g. Il cont kne " bu ( a. Il Is
the wlsest course, bit we NIT iscs
the rIterp sti,e"
VIA Is thnt?'
"De,eat! II We made that proroet
ton. and then were defeated. II
would be Impossible for us to secure
the franchise. The stock Of the
Gotham Freight Traction company II
$3.50 .O0O, 900, and the bonds nutsta I'd.
ing aggregate almost es much. II
we don't have this franchise. they
won't be worth ten cents on the dolla5
to U.S."
How much actual money has been
invested in the concern?" asked the
district attorney.
1.-TWO hundred and fifty millions
from the people. and-very little
else" answered Haldane.
"TIow much II It really WORTH
queried Liney.
TITS worth. OF course, what was
put into It."
And what will It's earning capacity
bef"
IT We control 1t, 1t win pay . fail
dividend on al the stock that has
been put out, most Of which is held
BY u friends and the friends cf thA
organisation" answered. Van Slyke.
The problem was a treL,ondous no
They faced it silently q monen. o.
two, and at last Haldaae restatcd 1t.
"You see, we. car II necessary. defy
public opinion and jam through sn
ordinance at the last minute even II
we are likely to lose the election, 81
though by 10 doing we rhouh give the
enemy a tremendous advantage II
the close of the campaign. Or we CAL
defer the granting Of the franchife
until after the election, In the hope
that the poetponement win be ous
strongest card for winning I toll VOC.
Rentlcnsn, that other interests u