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"The city seethed with excitement,” Lloyd Wendt and Herman Kogan wrote in their 1943 book, Lords of the Levee. “Aldermen received letters threatening the kidnapping of their children and wives and the dynamiting of their homes.” This was an early round of a debate that Chicago has never settled for good: When does it make sense for City Hall to let a private company handle a public service, and when should the city do the job itself? Today the argument’s focused on the parking meters Mayor Daley leased to a private company. But at the turn of the last century the issue was public transportation that private capital built, owned, and wanted to keep."

Privatize Public Transit? | Politics | Chicago Reader