Show Chicago's Fighting Y Caw Recur in Its History t ry Its Leadership Divided Editors Editor's note note This This article Is the third bird In a tL series written for lor The Tele Tele- pram grain ram Chicago's history is one of or recurrent recurrent recurrent re re- re- re current and brilliant re rc Early settlers built the city cHy cHyon on a swamp Their sons and daughters daugh h. h tore rs rebuilt It when fire tire nearly wiped It t out Now Nosy with the city facing bankruptcy bank bank- rich rIoh and poor work together to o avert averl ruin This Instalment of a n series tells what they are doing Tomorrows Tomorrow's Tomorrows Tomorrow's Tomorrows Tomorrow's To To- morrows morrow's story will estimate the price of or f failure Jure By RAY BLACK JACK United Press Staff Correspondent Copyright 1932 by United Press CHICAGO Jan 14 Chicago 14 Chicago is a city by financial adversity and with no ammunition that will fit lit fitts its ts guns With coffers almost empty debts skyrocketing unpaid the nations nation's second city seems to be waging wag wog- ing a losing battle But the fighting spirit is here Mill Mill- tant tent Mayor Anton J. J Germak a thoroughly thoroughly thor thoro desperate city council an army of loyal city workers an aroused citizenry of or persons are arc withstanding withstanding with with- standing what amounts to siege The state legislature in special session at Springfield may prove an an ally if political political political po po- po- po obstacles do not prevent I The Chicago fire of ot October 1871 seemed a terrible catastrophe said D. D F. F Kelly state street merchant and I civic leader The importance of the I present crisis is so much greater as ns tomake to tomake I I make the two incomparable I Were a foreign army encamped about our city with every prospect I of being able to destroy it unless a huge Indemnity were paid immediate steps would be taken to secure from I those able to pay a guarantee of ot the I amount demanded Metaphorically I speaking a like condition now exists in that the integrity of ot our financial I structure is in peril I LEADERSHIP IS DIVIDED I Perhaps the weakness in the ranks I comes from divided leadership and L I conflicting strategy Some leaders advise issuing in bonds Others counsel r revamping vamping the tax tas E. E machinery so bankers will lend LJ city money on tax anticipation war rants State Senator Harold i Aurora in the legislature went as ax fa ta rf at as to threaten introduction of a It bin putting the city into the hands of ot a receiver with of powers a dictator Meanwhile l many Chicagoans ha havi hav dropped their personal busin business 3 and rallied to the u help city Kelly chairman of a committee the sale of tax ta anticipation loi warra warrant has lias worked virtually day and ni trying to persuade moneyed r men to buy warrants w Mayor Germak led Cook coUnt counS legislators to Springfield with to be warning We Vie must have aid now o or we are lost Lewis E E. Myers president o of thi th board of education gave l his s person personal persona note for to meet the D D comber cember payroll of Their total pay In seven months hw hI h been for tor six weeks of teaching MONSTER PETITION PRESENT At a mass m meeting ting In the Chicago stadium the teachers and some other citizens completed work of g EH get ting nearly names on an pS lieU eU lions asking the legislature to act Bankers havo have spent many hours hour analyzing the financial problem sm gosling gesting what must be done before t th the J city's credit can be established and if jt tax warrants will selL Fathers In a half dozen suburb areas have gone from house to hou trying to sell tax warrants No group has shown more civic lo 10 alty than the teachers Not a one onen on n j missing miming when schools reopened J 7 uary 5 Some have accepted scrip 1 Ti cash it they mu must mut t take a heavy di count teachers have carried on orx oa by borrowing at high interest Or Chicago financing company r turned over an entire floor 1 t its loan business with teachers Salary purchasing companies compani 1 driven out several years ago ngo by leg lega action are arc functioning again o Or teacher a man already has paid 6 o f-o per cent on the amount borrowed |