"Just so," replied Cowperwood, emphatically. "Well, now, if I know anything about these old managements from studying them, they're going to have a hard time bringing themselves to do this.
Two to three million are two to three million, and it isn't going to be an easy matter for them to raise the money--not as easy, perhaps, as it would be for some of the rest of us, supposing we wanted to go into the street-railway business."
"Yes, supposing," replied McKenty, jovially. "But how are you to get in it? There's no stock for sale that I know of."
"Just the same," said Cowperwood, "we can if we want to, and I'll show you how. But at present there's just one thing in particular I'd like you to do for me. I want to know if there is any way that we can get control of either of those two old tunnels that I was talking to you about a little while ago. I'd like both if I might. Do you suppose that is possible?"
"Why, yes," replied McKenty, wondering; "but what have they got to do with it? They're not worth anything. Some of the boys were talking about filling them in some time ago--blowing them up. The police think crooks hide in them."
"Just the same, don't let any one touch them--don't lease them or anything," replied Cowperwood, forcefully. "I'll tell you frankly what I want to do. I want to get control, just as soon as possible, of all the street-railway lines I can on the North and West Sides--new or old franchises. Then you'll see where the tunnels come in."
He paused to see whether McKenty caught the point of all he meant, but the latter failed.
"You don't want much, do you?" he said, cheerfully. "But I don't see how you can use the tunnels. However, that's no reason why I shouldn't take care of them for you, if you think that's important."
"It's this way," said Cowperwood, thoughtfully. "I'll make you a preferred partner in all the ventures that I control if you do as I suggest. The street-railways, as they stand now, will have to be taken up lock, stock, and barrel, and thrown into the scrap heap within eight or nine years at the latest. You see what the South Side company is beginning to do now. When it comes to the West and North Side companies they won't find it so easy. They aren't earning as much as the South Side, and besides they have those bridges to cross. That means a severe inconvenience to a cable line. In the first place, the bridges will have to be rebuilt to stand the extra weight and strain. Now the question arises at once--at whose expense? The city's?"
"That depends on who's asking for it," replied Mr. McKenty, amiably.
"Quite so," assented Cowperwood. "In the next place, this river traffic is becoming impossible from the point of view of a decent street-car service. There are waits now of from eight to fifteen minutes while these tows and vessels get through. Chicago has five hundred thousand populaion to-day. How much will it have in 1890? In 1900? How will it be when it has eight hundred thousand or a million?"
"You're quite right," interpolated McKenty. "It will be pretty bad."
"Exactly. But what is worse, the cable lines will carry trailers, or single cars, from feeder lines. There won't be single cars waiting at these draws--there will be trains,crowded trains. It won't be advisable to delay a cable-train from eight to fifteen minutes while boats are ****** their way through a draw. The public won't stand for that very long, will it, do you think?"
"Not without ****** a row, probably," replied McKenty.
"Well, that means what, then?" asked Cowperwood. "Is the traffic going to get any lighter? Is the river going to dry up?"
Mr. McKenty stared. Suddenly his face lighted. "Oh, I see," he said, shrewdly. "It's those tunnels you're thinking about. Are they in any shape to be used?"
"They can be made over cheaper than new ones can be built."
"True for you," replied McKenty, "and if they're in any sort of repair they'd be just what you'd want." He was emphatic, almost triumphant. "They belong to the city. They cost pretty near a million apiece, those things."
"I know it," said Cowperwood. "Now, do you see what I'm driving at?"
"Do I see!" smiled McKenty. "That's a real idea you have, Cowperwood.
I take off my hat to you. Say what you want."
"Well, then, in the first place," replied Cowperwood, genially, "it is agreed that the city won't part with those two tunnels under any circumstances until we can see what can be done about this other matter?"
"It will not."
"In the next place, it is understood, is it, that you won't make it any easier than you can possibly help for the North and West Side companies to get ordinances extending their lines, or anything else, from now on? I shall want to introduce some franchises for feeders and outlying lines myself."
"Bring in your ordinances," replied McKenty, "and I'll do whatever you say. I've worked with you before. I know that you keep your word."
"Thanks," said Cowperwood, warmly. "I know the value of keeping it. In the mean while I'll go ahead and see what can be done about the other matter. I don't know just how many men I will need to let in on this, or just what form the organization will take. But you may depend upon it that your interests will be properly taken care of, and that whatever is done will be done with your full knowledge and consent."
"All very good," answered McKenty, thinking of the new field of activity before them. A combination between himself and Cowperwood in a matter like this must prove very beneficial to both. And he was satisfied, because of their previous relations, that his own interests would not be neglected.
"Shall we go and see if we can find the ladies?" asked Cowperwood, jauntily, laying hold of the politician's arm.
"To be sure," assented McKenty, gaily. "It's a fine house you have here--beautiful. And your wife is as pretty a woman as I ever saw, if you'll pardon the familiarity."
"I have always thought she was rather attractive myself," replied Cowperwood, innocently.
