Word: shows
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Dates: during 1900-1909
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...Hart then demanded of the affirmative that some urgent and overwhelming necessity for the change be shown in view of the enormity of the problem. He then outlined the purpose of the negative as being three-fold--to show that municipal ownership is unnecessary, must inevitably be unprofitable, and will be positively injurious to the city. Municipal ownership is unnecessary since what it claims to do can be better accomplished in another way. We admit that there are some evils in the street railway system in New York, but we maintain that those which can be removed...
...speaker then took up the matter of poor service. He pointed out that the principal cry was against the overcrowding. He showed that much of this evil is due to the peculiar physical formation of the island which makes overcrowding inevitable. Furthermore reports of the New York State Railroad Commission show that cars are run as frequently as is practicable--a typical instance being the corner of Broadway and 23rd street, where cars pass at the rate of one every six seconds, while vehicles cross the tracks at the rate of 32 a minute. The speaker asked the affirmative...
...speaker then took up the subject of over-capitalization. He showed that the fact of over-capitalization was very easily exaggerated and that much of the cry against watered stock is really against capital represented by the losses which the companies have incurred in experiments and improvements. From there the speaker went on to show that even though some over-capitalization did exist, municipal ownership was not the remedy. He showed that in Massachusetts over-capitalization was prevented by statute and he argued that the same thing could be done in New York...
...speaker used a chart to show that the city would have to pay out annually for interest, sinking fund, and depreciation over $42,000,000. But as the net earnings of the roads are only $22,000,000 the city would have to face a net loss of $20,000,000 each year...
...speaker went on to show that the whole trend of contract letting in New York City has been honeycombed with graft and bribery. Tammany is opposed to municipal ownership as a party issue, knowing that it will never be popular, since the graft in it is so obvious...