Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-04-08
terest On bonds would Eemaia il this

ShOEhiONS uSDts HUI - bAc SlhpAcS'
thing in the world. i showed at the
commencement OF this article that pub
Tic ownership would eliminate 662 mil,
lions of dollars of expenses every year.
in ten years the saving would amount
to 50, 1920, 900, 900 r.,
Now the government can borrow five
billions ofdollars with which to buy
the roads, at per cent interest. The
amount OF five billion dollars at 2 per
cent for five years is just six billion
dollars Therefore under government
ownership this one item of saving
will pay for the roads in ten years.
Have the people of this country sense
and courage enough to do it? L be-
lieve they will have in the near fu-
ture-10OO.
Now at the end OF ten years, when
the debt would be all paid and we
would have no interest or principal to
pay, the 669 millions used to pay the
.dobt need not be charged and rates
could easily be reduced one-fourth
what they now are. Can this be de-
MED?
The experience in other countries
proves that government ownership
would reduce rates one-fourth. In
1889 the government roads of Austro-
Hungary reduced rates to one-half
cent mile for passengers and one
half cent per ton mile for freight, and
the traffic was four fold in 1890 what
it was in 1888, and the revenue 81, $780,
900 more. If the Austro-Hungary can
maintain these rates why can not we?
In Germany the rate is LII cents
mile, and they make so per cent pro-
fit on passenger business. In other
words they could reduce the rates to
one-half cent a mile and pays ex-
penses. If Germany can 90 this why
can not we?
But we have proofs in our own coun
try that passenger fares could be re-
duced to one-half cent mile. The
New York, New Haven e Hartford,
the Boston & Albany, the Pennsyl-
yania, Reading, Lehigh Valley, ETC.,
and other Eastern roads sell season
tickets now for about one-half-cent a
mile and make good profit at that.
In England road carries passengers
from London to Manchester and back
at one-half cent mile, and make 200
per cent profit, showing that the cost
is about 1-G of cent mile, first class
These are few of the facts and fig
ures that prove the necessity of public
ownership.
lit would save CO. millions of dol
lars now needlessly and corruptly |
used.
at would relieve the people from
paying five billion dollars of watered
stock.
at would relieve us and our chill
dyen from paying dividends yearly to
the amount of about 100000, 900.
At will prevent interest, dividends
and payments of principal from going |
abroad
Sit will Eliminate discrimina-
tions between the small and large |
shippers, and between the town and |
the cities
G.-By reducing rates it will enable |
the farmer and manufacturer to ex-
change more products than now, and
thereby add greatly to the comfort and |
ell-being of the race.
TT will tend to decentralize pop
ulation.
SIT will be the initial step toward |
the destruction of all monopolies.
ct will lessen the enormous CEN
tralization of wealth now going on.
1O.-It will remove one of the great
est sources of political corruption.
In my next article l will speak about |
the telegraph. E. r. Lynch, it The
Representative.
My republican brother how is your