Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1913-01-11

snOuld De given ample power to exam
Inc into the financial Standing Of the
promoters Of these institutions, and
none should be allowed to be licensed
unless such as could show assets ample
for the carrying on Of their business,
sufficient to dover the amount Of their
deposits, and sound and substantial
enough to thoroughly protect their
depOsitors.
There can be no question as to the
right and the Justice of the city to
exercise such power under q properly
constructed charter provision. II the
city has the right to regulate plumb.
ers, to regulate engineers. to regulate
the electrical business. to regulate pawn.
brokers and the scores Of other bust.
ness enterprises and industries over
which It exercises unquestioned super.
vislng powers, Il certainly has q per.
feet right to regulate the banking bust.
ness, which IL Of far more Importance
than anything In the line Of business
In the city. because upon the legitimate
and honest business methods Of these
institutions depends the welfare Of the
entire city In its business and CONNER.
cial life. while methods Of contrary
kind INDUCED in by small. irresponsible
speculative concerns only results In
failures that involve injuriously tile In.
teresta Of the entire community. How
often have We seen II that the failure
Of one Of these little banks. started
upon insecure and irresponsible founda.
lions, and doomed BY fraudulent and
false representations have dragged
down to ruin hundreds Of good. hard.
WORKING. thrifty and deserving citizens.
The licenses issued By the examio.
ing board, which. Of course. should be
composed Of responsible citizens and
able nnanciers, should be Of q charac-
ter that would be absolutely prohibi.
tive Of all schemes and projects for the
establishment Of phony concernc Of this
kind.
This would b welcomed by all sound
and responsible banking houses,
whether private or national.
| William A. Doyle deserves the high
place he holds in the estimation Of
the people of Chicago. Both as a
lawyer and q citizen his record Is
clean and honorable In every respect.
Jacob Lindheimer, assistant City
Treasurer, 10 much talke OF by Demo.
Gratis for City Treasurer.
The Telephone Trust will be fought
by the people until 1t ceases to be q
monopoly and until its charges are
as reasonable as the government It.
self would charge for similar public
service.
People who imagine that the pass.
ing OF an ordinance by the City Coun.
Gil will do away with public demand
for better conditions and lower rates
In the telephone service are mistaken.
The telephone IL necessity to the
people and no one knows this better
than the monopoly which controls II.
The purchase of newspapers or the
purchase of public officials will not
help the cause Of monopoly.
The newspapers which support mo-
nopoly have lost their influence with
the public. which ia intelligent and
possessed Of good memory.
Public officials who give away the
peoples rights or show favors to the
telephone monopoly will not be for.
gotten.
On the contrary, they will be prop.
erly branded and will be retired to
private life.
The people are in no frame OF mind
to be trifled with. They are showing
this every day and at every election.
The man who sells them out to a
trust may win the appreciation Of
some millionaire-owned daily paper,
but the common citizen, who Is in.
suited, neglected and overcharged by
the telephone service, will not forget.
There Is one thing that the average
voter has knife up his sleeve for.
That thing Is the public official who
favors the Telephone Trust.
In Judge Kickham Seaman the PEG.
pie Of Cook County have an honest,
able and fearless man on the bench.
| ~
The many friends of Andrew Dono.
van, the popular attorney who made
such a splendid race for Congress in
the First District, are booming him for
that vacancy on the Municipal Court
bench.
| ~SA
On page 81 OF the annual report OF
the Bell Telephone system for 1912
we find the following ingenious state.
ment excusing the raising OF rates:
Wherever these rates have been
increased 1t has been done by and
with the consent of the subscribers
to the exchanges, and with the direct
authority or acquiescence of the pub.
lie authorities"
This is certainly good. It would
be safe guess to say that the "con.
sent OF the subscribers" was never
asked but that rates were raised
with the direct authority or acQuies.
cence OF the public authorities"
| Are the public authorities of the
city OF Chicago going to acquiesce In
raise Of telephone rates?
~16A
The Chicago Telephone Company,
which Is suffering SO much from