The mayor sent for his corporation counsel, and studied gas law for awhile. He found that at the State capital there was a State board, or commission, which had been created to look after gas companies in general, and to hear the complaints of municipalities which considered themselves unjustly treated.
"This is the thing for me," he said.
Lacking the municipal authority himself, he decided to present the facts in the case and appeal to this commission for a reduction of the gas rate.
When he came to talk about it he found that the opposition he would generate would be something much more than local. Back of the local reduction idea was the whole system of extortionate gas rates of the State and of the nation; hundreds of fat, luxurious gas corporations whose dividends would be threatened by any agitation on this question.
"You mean to proceed with this scheme of yours?" asked a prominent member of the local bar who called one morning to interview him. "I represent the gentlemen who are interested in our local gas company."
"I certainly do," replied the mayor.
"Well," replied the uncredentialed representative of private interests, after expostulating a long time and offering various "reasons" why it would be more profitable and politically advantageous for the new mayor not to proceed, "I've said all I can say. Now I want to tell you that you are going up against a combination that will be your ruin. You're not dealing with this town now; you're dealing with the State, the whole nation. These corporations can't afford to let you win, and they won't. You're not the one to do it; you're not big enough."
The mayor smiled and replied that of course he could not say as to that.
The lawyer went away, and that next day the mayor had his legal counsel look up the annual reports of the company for the consecutive years of its existence, as well as a bulletin issued by a firm of brokers, into whose hands the matter of selling a vast amount of watered stock it proposed to issue had been placed. He also sent for a gas expert and set him to figuring out a case for the people.
It was found by this gentleman that since the company was first organized it had paid dividends on its capital stock at the rate of ten per cent per annum, for the first thirty years; had made vast improvements in the last ten, and notwithstanding this fact, had paid twenty per cent, and even twenty-five per cent per annum in dividends. All the details of cost and expenditure were figured out, and then the mayor with his counsel took the train for the State capitol.