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Word: ownership (lookup in dictionary) (lookup stats)
Dates: during 1900-1909
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Usage:

...Pierce, the second speaker on the negative, maintained that municipal ownership would be unprofitable, first because the city would have to buy the present system, with its perpetual franchises, at market value, which is $509,000,000; and secondly because the city would have to allow for depreciation out of the earnings of the system. He pointed out the fact that the present owners do not do this, but pay for depreciation by selling stocks and bonds, a policy which the city could not pursue without continually increasing its debts...

Author: NO WRITER ATTRIBUTED | Title: HARVARD WON DEBATE | 3/31/1906 | See Source »

...Matthew, in closing the main argument of the affirmative, summarized the advantages that would come to New York City through municipal ownership. He first considered the effect it would have on the politics of the city. The franchise-holding corporations are responsible for by far the greater part of the corruption in New York City, he said: The street railway companies, because of their primacy in power and wealth, have been the chief agents of evil. They have secured their franchises by bribery; they have swindled the city out of millions of dollars in taxes; they have purchased legislation almost...

Author: NO WRITER ATTRIBUTED | Title: HARVARD WON DEBATE | 3/31/1906 | See Source »

Regulation is not an effective remedy because it does not remove the cause. Municipal ownership strikes at the very root of the evil. If New York owns the street railway system and leases it to private companies, the incentive to corruption will be weakened because a lease is not as valuable as a franchise, and the operating company will be less powerful. If the city assumes the burden of operation then the opportunity for this kind of corruption will be entirely eliminated. The possibility of petty graft within the department itself can be avoided by adopting civil service rules, such...

Author: NO WRITER ATTRIBUTED | Title: HARVARD WON DEBATE | 3/31/1906 | See Source »

Under municipal ownership the city will be in a better position to solve the social problems due to over-crowding. Special service can be inaugurated to induce the population to leave the congested districts. The whole scheme of municipal ownership contemplates a closer co-operation between the departments of government, and all the classes which make up the city's life...

Author: NO WRITER ATTRIBUTED | Title: HARVARD WON DEBATE | 3/31/1906 | See Source »

...private profit. The service is utterly inadequate, and unnecessarily so. The companies are deriving an extortionate profit, and they constitute a prolific source of political corruption. We can expect no relief from competition because there is no chance for competition. Regulation has invariably proved an inadequate remedy. Municipal ownership will mean a better and a cheaper service for the people because the system will be operated in the public interest. It will mean a paying investment to the city because the street railways are tremendously profitable. It will diminish political corruption by removing the chief cause of corruption...

Author: NO WRITER ATTRIBUTED | Title: HARVARD WON DEBATE | 3/31/1906 | See Source »

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