Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1916-09-16

ID, to regulate englneers,. to regulate
he electrical business. TO regulate pawn
brokers' and the scores Of other busi.
lees enterprises and industries over
which It exercises unquestioned super.
rising powers. II certainly has Q Per
'ect right to regulate the banking bust.
hess, which ID Of far more importance
Than anything In the line 0f business
10 the city. because upon the legitimate
and honest business methods Of these
Institutions depends the welfare OF the
entire city In Id business and CONNER.
ciai life. while methods Of contrary
kind INDUCED in By small. irresponsible
speculative concerns only results II
failures that involve injuriously The IN
terssta Of the entire community. How
often have We sesn u that the failure
Of one Of These little banks. started
upon insecure and irresponsible founda-
lions, and doomed By fraudulent and
false representation, have drassed
down 10 ruin hundreds Of good. hard.
working. thrifty and deserving citissua
The licenses issued By the sxamin.
ing board, which, Of course. should b
composed Of responsible citissns and
able Ananciers. should b Of Q charac.
ter that would b absolutely prohibl.
live Of al schemes and projects for ths
establishment Of phony concerns Of this
kind.
This would b welcomed By oil sound
and responsible banking houses
Whistler privats or national.
FOR A CONSTITUTIONAL CON
vgNT1oN.
Illinois needs new constitution
The Citizens Association Of Chicago
In its forty.frst annual report, has thu
following to say on the subject. which
voices the sentiments Of many goot
citizens:
Greatly to our regret the Genera
Assembly failed to submit to the Pee
pie Of the state the question Of hold
ing Q constitutional convention. Th'
convention Joint resolution introduced
by Senator Edward G. Curtis wa
adopted by the Senate on March It'll
by an almost unanimous vote. Blu
when the matter came to vote II
the House on March 31st. the vote o.
the Joint resolution was 90 in favo
and 81 opposed. with 20 members at
sent or not voting. Thus the meas
ure failed by the narrow margin Of to-
votes to receive the 102 votes cor
shutting the two-thirds required b.
law.
I'VE are informed by the ofiicers o
the Constitutional Convention League
which had the convention campaig
In hand, that the league had receive
assurances from los members Of tn
House that they favored the submil
sion Of the convention question to tn
people; and that most Of these wer
| in the form of written pledges to vot
for the necessary Joint resolution. AZ
cording to the league, II represents
tives who had given such assurance
either opposed the resolution or faile
to vote on It. Fourteen Of these, min
Of whom represent Cook county dii
tricts. had given unqualified writtel
pledges.
"Our belief in the necessity Of hold
Ing q constitutional convention ha
not been shaken by this temporary de-
feat. Sooner or later-and certainl
before very long-the small minorit
Of the legislature which has had tn
temerity to refuse to allow the pee
pie of Illinois to decide whether the
desired q constitutional convention
will have to give way.
I'VE shall continue to do our u,
most to bring about the calling of
constitutional convention because W
are convinced that the conventio
plan affords the most practicabl
means of securing shorter ballot
better and more economical local go,
eminent through needed consolidatio
Of the city, county, Sanitary Distric
and other taxing bodies of Cook couI
ty; and broader charter powers 70
Chicago that are necessary to tn
city's welfare"
40