Business & Finance: Urban Transportation

In Cleveland councilmen beamed. They had learned (unofficially through the Cleveland Press) that the Equitable Trust Co. of Manhattan with the concurrence of the Rockefellers might ask them for a franchise to build a $40,000,000 subway which eventually will go to the municipality free of cost. One Peter Witt, obstructionist, thinks the private enterprise "perfectly silly," insists the city should build the urgently needed tubes itself, after a plan which he first suggested three years ago but which has remained ignored.

In Chicago councilmen mused over the offer of Investment Dealer Frederick J....

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