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Dates: during 1890-1899
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...adequate substitute is proposed.- (a) Bank notes not a desirable substitute.- (1) Would leave too much to discretion of private bankers.- (x) Bankers controlling volume of money would control prices.- (y) Bankers would be likely to inflate currency in times of excitement.- (2) Profits from issue should go to whole people not to bankers...
...Solomon Schindler, The Use of Public Ways by Private Corporations, a reply to S. L. Powers in Arena V. 687-693. (May 1892): The Relation of Modern Municipalities to Quasi-Public Works (Am. Ec. Assn. Pubs.); A. D. White, The Government of American Cities, in Forum, X. 357-372 (Dec. 1890); Albert Shaw, Municipal Government in Great Britain...
...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...
...Protectorates over semi-civilized peoples tend to complicate our foreign relations.-(a) Liability to foreign interference.-(1) Intervention can be excused only on grounds of self-preservation.-(x) For protection of institutions and good order.-(y) External safety of border states.-(z) Protection of our citizens abroad.-(b) Our treaty obligations.-Should protect foreigners.-(c) Legal obligations.-(1) Offences countenanced.-(d) Neutral obligations...
...Question of Ships.- (f) Free ships would give our own people a large share in our carrying trade which was 200,000,000 in 1892: N. A. R. 154:357 (March '92).- (1) Our officers and sailors can man ships as well and as cheaply as any others: Ibid.- (x) Our maritime success in the fifties was obtained when the difference in wages of crew and cost of stores was as much in England's favor as now: Overland...