The Coalville times. [volume] (Coalville, Utah) 1894-1923, 1911-10-20

made Of IT,"
"oh that, Of course" said Llffey
chief. don't make any moves without
submitting them TO me"
There is still another matter OF
interest tn us all vhich must DO set.
lied" continued lllldane.
whats that?'
"The old Franchise of the New York
street Car COMPANY that expires this
spring: the link nat completes the
circle OF the Gotham Freight Traction
company"
We'll. II doesn't seem TO mo that's
very difiicult proposition" said IIffey.
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 II through. The
mayor hcrcll sign II. and thatu be-
the end Of t."
1T Is by no means as easy as you
think, Lincy." said ilaldanc. III /
know anything about GormIy he'll
make u fight on that issue. That il
our weak point Il We had that fran.
chise safely passed aud In our pock.
cts, We could laugh at him. don't
know whether II would not be better
to defer the passage " such an ordi.
nance until after tie election"
Il think that while there ia 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, as Nit Llfoy says,
Is hardly possible"
Gentlemen" sald llaldanc. Il am
by no means convinced Of what YOU
say. tell you that the main fight
viii be ON the disposal Of that very
franchise. J admit that We can pass
anything In spite Of any connections
but the question Is do we want H."
That's hardly the question" said
Mcdonald. "Of course We want a.;
but the question Is. Is It the best
thing to do think there IA trcmcnd
Gus force In your arguments. Mr. Hal
dane. n we present ourselves with
that franchise. which Is 70 immensely
valuable and vital indeed to the com
plction Of our properties. az well M tc
the public. we shall certainly hnv,
given to the opposition the strongest
ground for appeal to the people. II
we do not present ourselves with IN,
franchise. II we allow the election tt
determine that unonicially as II were
and then when we have won the cleo
ton. we avail ourselves Of our oppor
tunltics. we shall bo In a much safer
and better position"
DO you wish 10 submit this fran
chisc to the vote Of the people. Mr.
McRonnld7" asked Rutherford
"By no MEANS" answered the nnan
cier
We'll. what do you propose them
This. Would II not be we'll In
case this movement grows strons
enough TO be worthy Of the attention
we are .s.Flag tt,-ttss>s.,eciaro aa from
tho power to grant The franchise. ant
while we think II would be for III,
Interests Of the people that Il SHOULD
be granted. yet we are willing to de
fer action until after the election ant
let the election determine"
THAT would be- n wise course" salt
Ialdane. u don't know but that It Il
the wisost course; but We must fac,
the alternative"
what Is that7'
Defeat! II We made that PROPOSE
ton, and then were defeated. II
would be impossible for us to secure
the franchise. The stock Of m,
Gotham Freight Traction company {,
$3.50 900. 600. and the bonds outstand
ing aggregate almost as much. II
we don't have this franchise. they
won't be worth ten cents on the dollar
to u.s."
How much actual money has been
invested In the concern" asBed the
district attorney,
Two hundred and fifty millions
from the people, and-very little
else" answered llaldane.
How much is 1t really WORTH
queried Liney
ITS worth, OF course. what waa
put into IT,"
and what will It's earning capacity
be-"
III We control II, II will pay fair
dividend on all the stock that has
been put out, most Of which IL held
by our friends and the friends Of the
organization" answered Van Syko.
The problem was a tremendous ono.
! They faced II silently n moment or
two. and at last Haldane rostatod Il.
you see. We can, II necessary. defy
public opinion and Jam through an
ordinance at the last minute even II
We are likely to lose the election. al.
though by so doing We should give the
enemy tremendous advantage nj
the close Of the campaign. or we rau
defer the granting OF the franch a
until after the election. In the Lore
that the postponcmcnt will be or
strongest card for winning. tell You.
gentlemen, that other Interests Of
greater magnitude would be involved
In the fate Of the Gotham Freight
Traction company"
why In the name OF all that's
lusinessllke didn't you get control of
| this franchise before?" asked Ruther.
D T.uN