Show HAVE HA VE REACHED AGREEMENT Chicago Will Pay the Traction Com Coin Companies Companies and Take TakeOver TakeOver Over the Properties Chicago Dec 13 l IThe The Thc traction tr com corn committee commIttee of the Uie City council and representatives representatives Chicago Union n Trac Traction Tract ton tion t company and amI of oC the Chicago City Railway company compan reached an agree agreement ment today as to the prices to be paid for the property of the companies compani i if the city cit shall ultimately decide to pur purchase purchase chase ch e them j It was agreed that the city shall pay for the properties of the Union Traction company c which oper operates operates operates ates all the street car systems upon the thc north and west sides and for the thc property of the th Chicago City Cit Railway company which controls the transportation upon the south side si e eIt It was decided eci ed by b the committee that it will vilI as soon as possible recommend to the city council the passage of an ordinance allowing the purchase of the properties at the price named Mayor Dunne when the action of the committee was reported to him de declared e dared that In hi his opinion the council would adopt the th recommendation o 0 of The we committee and the city cit would then proceed to own on and operate the street railways Despite the fact that the lie committee will recommend the purchase of or the lines for It is still sun possible that lint an agreement may ma yet et be reached for or the tho granting of a 3 franchise upon the tho basis of a division of profits The Tho com corn companies companies offered the city an even division of or o the net profits of the companies but the city cit demanded 55 5 per cent |