Word: ownership
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Dates: during 1930-1939
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...ancient maxim, attributed to Accursius (1182-1260) and much quoted by legalists, reads: Cuius est solum eius est usque ad coelum (He who owns the soil owns above it to the sky). Until recently this principle of property ownership was generally accepted, and air rights above property still sell for vast sums.* But the advent of air transport has vastly complicated Accursius' ancient tenet. When aircraft pass over a man's land or over foreign territory, is it trespass...
...materials as they were in 1929, but far richer in resource and morale. A ringside spectator at 17 years of railroad history is Joseph Bartlett Eastman, a member of the Interstate Commerce Commission since 1919, and the New Deal's erstwhile Coordinator of Transportation. Skeptical about private ownership as he is, nevertheless he told the Boston Chamber of Commerce last fortnight: "It is hard to be cold about the transportation situation today, because it is full of vitality and fascination and in a period of rapid growth and change which excites the keenest interest." For a time, the Commissioner...
...Mississippi judge whose dignity and patience have made him popular with Congressional committees. Now 67, sharp of wit, lucid in explanation, Lawyer-Lobbyist Fletcher heads A.A.R.'s legal department, likes to make speeches like the one he gave last week in St. Paul against government regulation and government ownership. Currently A.A.R. is lobbying, with the support of Labor, for the repeal of the "long-&-short haul" clause of the Interstate Commerce Act. This clause makes it illegal to charge less for, say, a haul over the same route between Chicago and Pittsburgh (471 mi.) than between Chicago and Cleveland...
...favor enough public ownership to enable the country to work out effective methods on a life-sized scale, but not so much public ownership that we shall be swamped by inefficiency before we learn how to make it effective and economical. The people have a right to actual examples of public ownership to supply a basis for coming to long-time conclusions on the subject. We should not be forced to decide by abstract theory. I disagree both with private utility men who would prevent any trial of public ownership on a large scale, and with public ownership advocates...
Having said so much, he proceeded to outline his idea of a reasonable settlement, including fair power rates to the public, a fair price to utilities for their properties if communities decide on public ownership. "The large private power networks within TVA transmission range depend for operating efficiency on a relatively small number of the larger cities. A campaign Which would result in public ownership in ten to 20 of these cities might practically destroy the ability of the large systems to render maximum service or to maintain economical generation and transmission systems. Effort to bring about such disruption seems...