These old companies that are hobbling along now with an old equipment will have to make the change.
They'll have to spend millions and millions before they can bring their equipment up to date.

If you've paid any attention to the matter you must have seen what a condition these North and West Side lines are in." "It's pretty bad; I know that," commented McKenty.
"Just so," replied Cowperwood, emphatically.

"Well, now, if I know anything about these old managements from studying them, they're going to have a hard time bringing themselves to do this.

Two to three million are two to three million, and it isn't going to be an easy matter for them to raise the money--not as easy, perhaps, as it would be for some of the rest of us, supposing we wanted to go into the street-railway business." "Yes, supposing," replied McKenty, jovially.

"But how are you to get in it?
There's no stock for sale that I know of." "Just the same," said Cowperwood, "we can if we want to, and I'll show you how.