He said, after exacting a promise of secrecy for the present, that since their previous conversation he had become aware of new developments.

In the interval he had been visited by several men of long connection with street-railways in other localities.

They had been visiting various cities, looking for a convenient outlet for their capital, and had finally picked on Chicago.

They had looked over the various lines here, and had decided that the North Chicago City Railway was as good a field as any.

He then elaborated with exceeding care the idea which Cowperwood had outlined to him.