The Cable by Marion Ames Taggart — Read

There was a matter of state and interstate, if not of national importance afoot, a lively correspondence in its regard flying between the Lucas and Henderson offices in Chicago, Washington and Beaconhite. A franchise was in question which must pass, not only the legislatures of three states, but at last be established or annulled by the passage of a Congressional Act which would react upon the state legislatures' decisions on the franchise, making it effective or practically without value. Energetic and clever lobbying to insure this franchise was vehemently carrying on in the capitals of the three states concerned, and at Washington as well. Millions were at stake upon the issue; immense sums being spent for the passage of the bill; greater sums waiting those lucky stockholders who should profit by the enterprise when it was in working order, notably those who "got in on the ground floor," who took up as much of the stock as was put out on the market for sale, at a price beyond which shares would rapidly soar once the inevitably profitable scheme was proved successful. There would not be much, or comparatively little of the stock offered upon the market; the corporation behind the enterprise was made up of solid men who could afford to wait for their future big percentage, secure to them if the thing went through. They did not purpose to let the general public share the chippings from the shell of their golden egg, except in numbers enough to forestall enmity to it on the ground of its being a private profit, maintained through public tolerance, via the Congress and legislatures.

Correspondence in regard to this important matter passed in great bulk through Cicely's hands; she was interested in it to the highest point. The newspapers were full of allusions to the franchise, opposing it, supporting it, according to their bias for or against the political party favoring the measure. It amazed inexperienced Cis to find that this was the basis of newspaper influence, never the abstract benefit or harm to the public at large, which seemed to her mind the only ground upon which to favor or oppose the franchise.