Word: equalization
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Dates: during 1920-1929
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...Following the line of P. R. T. experiment, if the railroads and all of their men would earnestly and collectively devote themselves to economic accomplishment, the savings would more than equal one-half present labor cost. If, as a condition of this co-operative effort, proportionate shares of the resultant added profits were reflected in lower rates to the public, in added profits to the owners, and a fair participation to the employes, the men, by investing this added wage en bloc through their trustees, could within ten years acquire by purchase in the open market a controlling interest...
...what would be miraculous if it ever happened--the conduct of a government according to business principles, for example. Most intelligent people regard as preposterous the idea that man was created from the dust of the earth; but they appear to see that all men are created free and equal. They call that proposition a self-evident truth, when by all the teachings of science and history it is neither true nor self-evident...
...practice of American government this doctrine of human equality has done a lot of harm. By its implications it has afforded good soil for the growth of the spoils system and the practice of rotation in office, two of the most noxious weeds in the garden of American politics. If all citizens are equaly competent to govern their fellow men, why should we endeavor to choose among them on the basis of their special qualifications? If all citizens are endowed with the same political capacity, why let any one stay in office very long? Our reluctance to make...
...course we have been careful not to carry the doctrine of equality too far. We do not project it into the field of taxation, for example. Oh, no, not at all! Men may be equal in their capacity to govern, but not for one moment do we hold them equal in their ability to earn and in their ability to pay. In other words, we exalt the common man so far is his shared in the control of government is concerned, but when it comes to liquidating the cast of this control well, at that point the common man seems...
Captain Platt first explained the advantage of giving every man an equal opportunity by having no first crew or squad this fall. He stated that the crews will not continue on the water after the weather becomes disagreeable, and that there will be no work thereafter until after the Midyears period...