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"
That
's
a
pretty
heavy
load
of
expense
that
's
staring
you
North
and
West
Side
street-railway
people
in
the
face
,
"
he
took
occasion
to
observe
.
"
How
's
that
?
"
asked
Kaffrath
,
curiously
,
anxious
to
hear
anything
which
concerned
the
development
of
the
business
.
"
Well
,
unless
I
'm
greatly
mistaken
,
you
,
all
of
you
,
are
going
to
be
put
to
the
expense
of
doing
over
your
lines
completely
in
a
very
little
while
--
so
I
hear
--
introducing
this
new
motor
or
cable
system
that
they
are
getting
on
the
South
Side
.
Отключить рекламу
"
Addison
wanted
to
convey
the
impression
that
the
city
council
or
public
sentiment
or
something
was
going
to
force
the
North
Chicago
company
to
indulge
in
this
great
and
expensive
series
of
improvements
.
Kaffrath
pricked
up
his
ears
.
What
was
the
city
Council
going
to
do
?
He
wanted
to
know
all
about
it
.
They
discussed
the
whole
situation
--
the
nature
of
the
cable-conduits
,
the
cost
of
the
power-houses
,
the
need
of
new
rails
,
and
the
necessity
of
heavier
bridges
,
or
some
other
means
of
getting
over
or
under
the
river
.
Addison
took
very
good
care
to
point
out
that
the
Chicago
City
or
South
Side
Railway
was
in
a
much
more
fortunate
position
than
either
of
the
other
two
by
reason
of
its
freedom
from
the
river-crossing
problem
.
Then
he
again
commiserated
the
North
Side
company
on
its
rather
difficult
position
.
"
Your
company
will
have
a
very
great
deal
to
do
,
I
fancy
,
"
he
reiterated
.
Kaffrath
was
duly
impressed
and
appropriately
depressed
,
for
his
eight
hundred
shares
would
be
depressed
in
value
by
the
necessity
of
heavy
expenditures
for
tunnels
and
other
improvements
.
Nevertheless
,
there
was
some
consolation
in
the
thought
that
such
betterment
,
as
Addison
now
described
,
would
in
the
long
run
make
the
lines
more
profitable
.
But
in
the
mean
time
there
might
be
rough
sailing
.
The
old
directors
ought
to
act
soon
now
,
he
thought
.
With
the
South
Side
company
being
done
over
,
they
would
have
to
follow
suit
.
But
would
they
?
How
could
he
get
them
to
see
that
,
even
though
it
were
necessary
to
mortgage
the
lines
for
years
to
come
,
it
would
pay
in
the
long
run
?
He
was
sick
of
old
,
conservative
,
cautious
methods
.
Отключить рекламу
After
the
lapse
of
a
few
weeks
Addison
,
still
acting
for
Cowperwood
,
had
a
second
and
private
conference
with
Kaffrath
.
He
said
,
after
exacting
a
promise
of
secrecy
for
the
present
,
that
since
their
previous
conversation
he
had
become
aware
of
new
developments
.
In
the
interval
he
had
been
visited
by
several
men
of
long
connection
with
street-railways
in
other
localities
.
They
had
been
visiting
various
cities
,
looking
for
a
convenient
outlet
for
their
capital
,
and
had
finally
picked
on
Chicago
.
They
had
looked
over
the
various
lines
here
,
and
had
decided
that
the
North
Chicago
City
Railway
was
as
good
a
field
as
any
.
He
then
elaborated
with
exceeding
care
the
idea
which
Cowperwood
had
outlined
to
him
.
Kaffrath
,
dubious
at
first
,
was
finally
won
over
.
He
had
too
long
chafed
under
the
dusty
,
poky
attitude
of
the
old
regime
.
He
did
not
know
who
these
new
men
were
,
but
this
scheme
was
in
line
with
his
own
ideas
.
It
would
require
,
as
Addison
pointed
out
,
the
expenditure
of
several
millions
of
dollars
,
and
he
did
not
see
how
the
money
could
be
raised
without
outside
assistance
,
unless
the
lines
were
heavily
mortgaged
.
If
these
new
men
were
willing
to
pay
a
high
rate
for
fifty-one
per
cent
.
of
this
stock
for
ninety-nine
years
and
would
guarantee
a
satisfactory
rate
of
interest
on
all
the
stock
as
it
stood
,
besides
inaugurating
a
forward
policy
,
why
not
let
them
?
It
would
be
just
as
good
as
mortgaging
the
soul
out
of
the
old
property
,
and
the
management
was
of
no
value
,
anyhow
.
Kaffrath
could
not
see
how
fortunes
were
to
be
made
for
these
new
investors
out
of
subsidiary
construction
and
equipment
companies
,
in
which
Cowperwood
would
be
interested
,
how
by
issuing
watered
stock
on
the
old
and
new
lines
the
latter
need
scarcely
lay
down
a
dollar
once
he
had
the
necessary
opening
capital
(
the
"
talking
capital
,
"
as
he
was
fond
of
calling
it
)
guaranteed
.
Cowperwood
and
Addison
had
by
now
agreed
,
if
this
went
through
,
to
organize
the
Chicago
Trust
Company
with
millions
back
of
it
to
manipulate
all
their
deals
.
Kaffrath
only
saw
a
better
return
on
his
stock
,
possibly
a
chance
to
get
in
on
the
"
ground
plan
,
"
as
a
new
phrase
expressed
it
,
of
the
new
company
.
"
That
's
what
I
've
been
telling
these
fellows
for
the
past
three
years
,
"
he
finally
exclaimed
to
Addison
,
flattered
by
the
latter
's
personal
attention
and
awed
by
his
great
influence
;
"
but
they
never
have
been
willing
to
listen
to
me
.
The
way
this
North
Side
system
has
been
managed
is
a
crime
.
Why
,
a
child
could
do
better
than
we
have
done
.
They
've
saved
on
track
and
rolling-stock
,
and
lost
on
population
.
People
are
what
we
want
up
there
,
and
there
is
only
one
way
that
I
know
of
to
get
them
,
and
that
is
to
give
them
decent
car
service
.
I
'll
tell
you
frankly
we
've
never
done
it
.