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 might as well realize that if they succeed, their city will pay, too, at first. Capital will boycott it and capital will give it a bad name. The bankers who offered me proof of their losses were offering me material to write down the city. And has Chicago had conspicuous credit for reform? No, it is in ill-repute, “anarchistic,” “socialistic” (a commercial term for municipal ownership); it is “unfriendly to capital.” But Chicago knows what it is after and it knows the cost. There are business men there who are willing to pay; they told me so. There are business men on the executive and finance committees of the League and others helping outside who are among the leaders of Chicago’s business and its bar. Moreover, there are promoters who expect to like an honest Council. One such told me that he meant to apply for franchises shortly, and he believed that, though it would take longer than bribery to negotiate fair terms with aldermen who were keen to safeguard the city’s interests, yet business could be done on that basis. “Those reform aldermen are slow, but they are fair,” he said.

The aldermen are fair. Exasperated as they have been by the trifling, the trickery, and past boodling of the street railways, inconvenienced by bad service, beset by corporation temptations, they are fairer to-day than the corporations. They have 271the