Word: ownerships
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Dates: during 1930-1939
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...Making her first trip from Antwerp under Bernstein ownership last week, the Pennland arrived at Hoboken without a single passenger aboard. Pending an agreement with the Conference, the line had refused to sell reservations, took a loss rather than start a rate...
...profits from the deal, "Jimmy" Cromwell sailed into the Florida land boom, planned to build a city called "Floranada," lost his money in the collapse, lost his illusions in a deluge of lawsuits. Depression infected him with Reform. He dipped into economics, politics, finance, began to preach public ownership of utilities. In a booklet called The Voice of Young America he attacked U. S. business methods, talked State Socialism but called it capitalistic reform. He took to the lecture stand, told the Matinee Musical Club of Philadelphia that "man is his brother's keeper and the old order...
...properties unless economically and geographically justified-a direct hit on Electric Bond & Share, whose foreign holdings are grouped in American & Foreign Power and include Shanghai's biggest dynamos. Natural gas properties must be divorced, hitting particularly Columbia Gas & Electric and Electric Power & Light. Restriction of holding companies to ownership of utilities is apparently aimed at such sidelines as Cities Service's big oil business and American Water Works & Electric's California prune orchards...
...Post Office, if this be an example of the best the Government can do in the conduct of business, it is a great argument against, not for, Government Ownership. Witness patronage continued through all the jobs throughout the system. Witness the recent fiasco of a "balanced budget" in the Post Office department, this after the postal rates in first class mail had been raised fifty per cent. Witness the scandals about air-mail contracts. Witness the franking privilege to Congressmen. It is enough to imagine James A. Farley, or his counterpart, running the Pennsylvania Railroad, to vitiate the boast that...
...answer is not government ownership. The answer is government control. It has worked in Germany for fifty years. The first step should be a complete reorganization of the financial structure of Railroads. Perhaps we could all get our mail sent across the country for two cents if the Post Office were privately owned. Certainly this would be more sensible than Government Ownership of Railroads...