“I don’t know about this, Norman,” he remarked to Schryhart, on one occasion. “I don’t know about this. It’s one thing to stir up the public, but it’s another to make them forget. This is a restless, socialistic country, and Chicago is the very hotbed and center of it. Still, if it will serve to trip him up I suppose it will do for the present. The newspapers can probably smooth it all over later. But I don’t know.”
Mr. Hand was of that order of mind that sees socialism as a horrible importation of monarchy-ridden Europe. Why couldn’t the people be satisfied to allow the strong, intelligent, God-fearing men of the community to arrange things for them? Wasn’t that what democracy meant? Certainly it was—he himself was one of the strong. He could not help distrusting all this radical palaver. Still, anything to hurt Cowperwood—anything.
Cowperwood was not slow to realize that public sentiment was now in danger of being thoroughly crystallized against him by newspaper agitation. Although his franchises would not expire—the large majority of them—before January 1, 1903, yet if things went on at this rate it would be doubtful soon whether ever again he would be able to win another election by methods legitimate or illegitimate. Hungry aldermen and councilmen might be venal and greedy enough to do anything he should ask, provided he was willing to pay enough, but even the thickest-hided, the most voracious and corrupt politician could scarcely withstand the searching glare of publicity and the infuriated rage of a possibly aroused public opinion. By degrees this last, owing to the untiring efforts of the newspapers, was being whipped into a wild foam. To come into council at this time and ask for a twenty-year extension of franchises not destined to expire for seven years was too much. It could not be done. Even suborned councilmen would be unwilling to undertake it just now. There are some things which even politically are impossible.
To make matters worse, the twenty-year-franchise limit was really not at all sufficient for his present needs. In order to bring about the consolidation of his North and West surface lines, which he was now proposing and on the strength of which he wished to issue at least two hundred million dollars’ worth of one-hundred-dollar-six-per-cent. shares in place of the seventy million dollars current of ten and twelve per cents., it was necessary for him to secure a much more respectable term of years than the brief one now permitted by the state legislature, even providing that this latter could be obtained.
“Peeble are not ferry much indrested in tees short-time frangizes,” observed Mr. Gotloeb once, when Cowperwood was talking the matter over with him. He wanted Haeckelheimer & Co. to underwrite the whole issue. “Dey are so insigure. Now if you couldt get, say, a frangize for fifty or one hunnert years or something like dot your stocks wouldt go off like hot cakes. I know where I couldt dispose of fifty million dollars off dem in Cermany alone.”
He was most unctuous and pleading.
Cowperwood understood this quite as well as Gotloeb, if not better. He was not at all satisfied with the thought of obtaining a beggarly twenty-year extension for his giant schemes when cities like Philadelphia, Boston, New York, and Pittsburg were apparently glad to grant their corporations franchises which would not expire for ninety-nine years at the earliest, and in most cases were given in perpetuity. This was the kind of franchise favored by the great moneyed houses of New York and Europe, and which Gotloeb, and even Addison, locally, were demanding.
“It is certainly important that we get these franchises renewed for fifty years,” Addison used to say to him, and it was seriously and disagreeably true.
The various lights of Cowperwood’s legal department, constantly on the search for new legislative devices, were not slow to grasp the import of the situation. It was not long before the resourceful Mr. Joel Avery appeared with a suggestion.
“Did you notice what the state legislature of New York is doing in connection with the various local transit problems down there?” asked this honorable gentleman of Cowperwood, one morning, ambling in when announced and seating himself in the great presence. A half-burned cigar was between his fingers, and a little round felt hat looked peculiarly rakish above his sinister, intellectual, constructive face and eyes.
“No, I didn’t,” replied Cowperwood, who had actually noted and pondered upon the item in question, but who did not care to say so. “I saw something about it, but I didn’t pay much attention to it. What of it?”
“Well, it plans to authorize a body of four or five men—one branch in New York, one in Buffalo, I presume—to grant all new franchises and extend old ones with the consent of the various local communities involved. They are to fix the rate of compensation to be paid to the state or the city, and the rates of fare. They can regulate transfers, stock issues, and all that sort of thing. I was thinking if at any time we find this business of renewing the franchises too uncertain here we might go into the state legislature and see what can be done about introducing a public-service commission of that kind into this state. We are not the only corporation that would welcome it. Of course, it would be better if there were a general or special demand for it outside of ourselves. It ought not to originate with us.”
He stared at Cowperwood heavily, the latter returning a reflective gaze.
“I’ll think it over,” he said. “There may be something in that.”
Henceforth the thought of instituting such a commission never left Cowperwood’s mind. It contained the germ of a solution—the possibility of extending his franchises for fifty or even a hundred years.
This plan, as Cowperwood was subsequently to discover, was a thing more or less expressly forbidden by the state constitution of Illinois. The latter provided that no special or exclusive privilege, immunity, or franchise whatsoever should be granted to any corporation, association, or individual. Yet, “What is a little matter like the constitution between friends, anyhow?” some one had already asked. There are fads in legislation as well as dusty pigeonholes in which phases of older law are tucked away and forgotten. Many earlier ideals of the constitution-makers had long since been conveniently obscured or nullified by decisions, appeals to the federal government, appeals to the state government, communal contracts, and the like—fine cobwebby figments, all, but sufficient, just the same, to render inoperative the original intention. Besides, Cowperwood had but small respect for either the intelligence or the self-protective capacity of such men as constituted the rural voting element of the state. From his lawyers and from others he had heard innumerable droll stories of life in the state legislature, and the state counties and towns—on the bench, at the rural huskings where the state elections were won, in country hotels, on country roads and farms. “One day as I was getting on the train at Petunkey,” old General Van Sickle, or Judge Dickensheets, or ex-Judge Avery would begin—and then would follow some amazing narration of rural immorality or dullness, or political or social misconception. Of the total population of the state at this time over half were in the city itself, and these he had managed to keep in control. For the remaining million, divided between twelve small cities and an agricultural population, he had small respect. What did this handful of yokels amount to, anyhow?—dull, frivoling, barn-dancing boors.
The great state of Illinois—a territory as large as England proper and as fertile as Egypt, bordered by a great lake and a vast river, and with a population of over two million free-born Americans—would scarcely seem a fit subject for corporate manipulation and control. Yet a more trade-ridden commonwealth might not have been found anywhere at this time within the entire length and breadth of the universe. Cowperwood personally, though contemptuous of the bucolic mass when regarded as individuals, had always been impressed by this great community of his election. Here had come Marquette and Joliet, La Salle and Hennepin, dreaming a way to the Pacific. Here Lincoln and Douglas, antagonist and protagonist of slavery argument, had contested; here had arisen “Joe” Smith, propagator of that strange American dogma of the Latter-Day Saints. What a state, Cowperwood sometimes thought; what a figment of the brain, and yet how wonderful! He had crossed it often on his way to St. Louis, to Memphis, to Denver, and had been touched by its very simplicity—the small, new wooden towns, so redolent of American tradition, prejudice, force, and illusion. The white-steepled church, the lawn-faced, tree-shaded village streets, the long stretches of flat, open country where corn grew in serried rows or where in winter the snow bedded lightly—it all reminded him a little of his own father and mother, who had been in many respects suited to such a world as this. Yet none the less did he hesitate to press on the measure which was to adjust his own future, to make profitable his issue of two hundred million dollars’ worth of Union Traction, to secure him a fixed place in the financial oligarchy of America and of the world.