| Show STREET RAILROAD syndicates lizA to our exchanges allows that there is ia an effort in nearly every city of considerable size in the country to obtain franchises for street railroads on the surface there does not appear any organized movement in this direction different Nf ferent individuals and corporations move in the matter but their simultaneous 0 operations pe rations suggest identity of interests Is it not probable Ero provable pro bable pable that those who figure at the out are only working tor for outside capital hiding behind the following which we clip from the peoria 1111 illinois journal may serve to solve the mystery at any rate it is worthy the attention of the salt lake city council 64 syndicates of capitalists are no now W going g about out the country purchasing street railways they bought those Bloomington in sometime ago the indianapolis lines nave recently rec enily been transferred and now BOW al all the lines in davenport rock bock island and moline have sow gone the same way the capitalization of the last name named d syndicate is six millions of dollars the truth is that we are just beginning to discover in this country the value of an established business money is worth no more than four per cent A street railway therefore in al ai flourishing city that can pay ten tea perk per cent is worth two and a half times what it cost to build it it comes about as near being a permanent investment as any thing can be in this round world we need not point out the fact that such h a transfer is bad lor for a city most of the capitalists live abroad and the entire earnings of the line are shipped away and spent in other places it is far better to have the lines owned at home as we do here in peoria it is on this account that we insist that our own local companies shall be encouraged as far as possible this feeling is we believe general and we are glad s f to see it |
