POLITICAL NOTE: Rat Hole

Wide was the wonder throughout the land last week as Chicago, the Second City, floundered deeper into its spectacular mire of public debt. Rarely before has a full-grown municipality made such a financial exhibition of itself. There was no money in the City Treasury, none in Cook County Treasury, none in the School Board Treasury. The 23 park boards were penniless, the largest, South Park, abandoning its preparations for the Centennial Fair until it could sell a bond issue. The credit of city and county...

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