Morning journal and courier., 1893-02-08
NO. 928 CHAPEL STREET.

erty, without paying anything for the franchise or charter, after terms of not over ten years.
 The value of franchise or charter con- sists solely in the monopoly 1t affords to she owners, and the power 1t gives the owners to override the natural rights of the people of the locality, and extort the greatest rates for service or fares that the ow wners choose to exact. The greater the ,-xtortion and the greater the power to override the natural rights of the psople, the higher will bs the price demanded for & franchise unlimited in its times when evsr the people become determined to own and control it, in their own interest and convenience. The many, the whole peo- pie. are entitled to the benefits of the con stsnt discoveries of means fo- better and cheaper living, and no extended monopoly of their sale should be tolerated.
 If, ga many persons interested, CT to be interested, in the stock of these private monopolies assert, the people of this country are not capable of obtaining honest, capable and efficient managing agents of their own municipal monopolies, then they would better be under the politi- cal and financial control of royalty than that of corporate wealth. But the experience of the American and foreign cities that do own and operate these monopolies shows better success for the public ownership than that of ownership by private corpo- rations shows for the stockholders. Under public ownership every inhabitant of the city is stcckholder, directly interested in the success of the undertaking and likely to be watohful of the management.
 It Is only justice that the real estate of
 the city, which ia indebted to the inhabit- ing together of the people fer It's high
 value. should, as whole, give credit to
 the bonds of the city for the necessary
 funds for the construction or purchase of
 all municipal monopolies until ths cost of
 them can be paid by the revenue from
 them. Let us take care of the rights and
 interests of the city and people, both pres
 ent and future.
 THE BOARD OF FINANCE. In closing I wish to call attention to the great importance of the proper work of
 the board of finance, and to urge @ con tinusnce of the full performance of the duty so well entered upon by that board Membership on the board is honorable only as the duty is intelligently performed with vigilance and knowing no influencing friendships.
 The thorough performance of ell com mittee work is the foundation of all proper legislation, and trust the committee work of the year may bs done with all the mem. bers present.
 Utopia Club Reception. The Utopia club, which is comprised of young gentlemen on sociability bent, will give reception at Warner hall Thursday evening. The Second regiment orchestra will furnish music and Professor Oggesson will set as prompter. Bstween the dances the orchestra will render selections. The reception committee. is comprised as fol
 lows: H. F. Beebe, chairman; Irving Wilcox. J. M. Bauer, Dwight Wooster and Henry J. Ftedricks.
 MECHANICS, LECTURES.
 A n Interesting ser1es Soon to Begin a, sheffield scientific School. The twenty seventh series of twelve me ckan:cs' lectures will be given in North Shefi-id hall, commencing Tuesday eveu ing. February IA, and continuing on Tues days and Fridays until March 24 The dasas and subjects of the lectures are as fellows:
 F-hr,sry '4-Fus Seals and the Seal Islands ol B-!lring Sea-J. Stanley Brown. February 1.-The Athletic Games and Theil
 Fhr,ary ,i stTmo Ystfs fo 0ppin sor Brewer.
 February s4-A Liberal Education-Professo, February 28-Business Methods and Business Morsls-Professor Hadley. March 3-A Ramble in Greeee-Professor Key holds.
 March 7-The Present and Future of Pacific Siberia and Corea-Colonel K. H Savage. March 10-Ths Beginning of Literary Pros perty c Haven Putnam.
 March 1.-The Medieval Feeling for Nature Professor Mclaughlin.
 March I'M ,dern Wsr--Captain J. S. Petit March 21-The Battls of Ladowa-Lc uis won Eltz
 March 24-Subject to be nnounced-Pro lessor
 Verrl
 The tickets for the course are $1O). They can
 be obtained at the book stores of T. H. Pease Son, 1la Church street; H. H. Peck. s62 Chapel street; E. P. Judd, 64S Chapel street, or at the door.