Word: pol
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Dates: during 1890-1899
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...Henderson in Cong. Record, 53 Cong., 3 sess., p. 1863; Boston Herald, Dec. 4, 5, 14-19, 1894, Dec. 4, 1895; H. W. Peabody in Boston Transcript, Dec. 9, 1895; J. Jay Knox, United States Notes, 119 et seq.; North American Review, 161, pp. 653-662 (Dec. 1895); Pol. Science Quarterly...
...retirement of the greenbacks would be injurious.- (a) Panic would follow contraction.- (1) Contraction of currency means a lowering of prices: Mill. Pol. Econ. Bk. III, ch. 8.- (2) Debtors would be injured.- (x) They would have to pay in an appreciated currency: Macvane, Pol. Econ. 123.- (3) Farmers would be injured.- (x) Many of them in debt.- (y) Prices of their commodities would be lowered.- (4) Business would stagnate.- (b) If legal tenders were redeemed at an early date, there would be substituted an interest bearing debt for a non-interest bearing debt.- (1) In past 17 years...
...ever increasing tendency today is towards government control of quasi-public works.- (a) This also applies to municipalities as shown in the present condition of affairs: Professor Hadley in Pol. Sci. Quar., III. 573 (Dec. 1888); Municipal monopolies and their Management...
...Burdett before Mass. Legislature, p. 17.- (b) It tends to paternalism and socialism: Wm. E. Russell, quoted, Ibid, p. 18.- (c) Discourages invention and improved methods in public works.- (1) Kills competition: Speech of A. C. Burrage, p. 18.- (2) Removes the incentive to profit making: Pol. Sci. Quar. Dec. '88, p. 590.- (3) Leads to conservatism.- (d) Public labor less efficent than private: Chairman of Boston Park Commission, in speech of Burrage, p. 11.- (e) Tends unduly to raise wages.- (1) The employer is the best judge of reasonable wages.- (2) Government control makes the laborer the judge: Nation...
...Government ownership of quasipublic works has failed in practice.- (a) State ownership has proved unwise.- (1) Railways in Europe: Hadley, pp. 217, 228. 235.- (2) Telegraph system in Eng and: Pol. Sci. Quar., Dec. '88, p. 590 ff.- (b) Municipal ownership has proved undesirable.- (1) Gas-lighting.- (x) English Cities: Board of Trade Reports to Parl., 189.- (y) Philadelphia: Bryce, Am. Com., 367 ff.; Speech of P. A. Collins before Mass. Leg., p. 12.- (2) Electric Lighting and Power: M. J. Francisco, in Engin. Mag., v. 725.- (3) Waterworks: Boston, Albany, Philadelphia: Conkling, pp. 21, 100; Burrage...