OCR Text |
Show pany will go before the council committee com-mittee on local transportation at its next meeting and ask for the most sweeping ordinance ever granted by any city in the country, according to a news article in the Record Herald today. The company, which, according to Dwlght H. Perkins, former architect of the board of education, stands prepared pre-pared to reveal its financial backers as soon as the council dlsplavs interest, inter-est, and will ask for a franchise to construct a complete system of passenger pas-senger a'nd freight subways, a complete com-plete outer harbor, an extensive system sys-tem of docks and warehouses and to carry out immediately (he Chicago plan scheme. "As sou as the city council or enough members show their willingness willing-ness to grant us franchises for what we want," said Mr. Perkins, '"wo are prepared to take, them to New York and Introduce them to tho heads of the financial institutions who have agreed to put up the money. We estimate es-timate that more than $100,000,000 will be required." oo THEY HAVE $100,000,000 READY TO INVEST Chlrniro, T-pc. 31. The Chlcrgo Subway, Arcade and Traction com- |