New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-09-22

profit Of private management, the private ae.
should be employed because a correct pubic po,'O,
Will not permit the socalizaton OF private cap'''
unless tangible gain OF considerable importance
can be secured by so doing -
Private ownership offers other Advantage "
employees not obtainable under public ownership
Employees can become shareholders ana mus ~
oulro n voice IN the management OF the corpora
ton while investing their earnings Al the Same
rate o: interest and profit that is secured oy mo
CAPITALISTS In addition 10 this they may acquire
the right 10 have their wages taken into account
on m equality with capital In All computations lor
dividends. correct system % sharing pfo"''
with employees Is a condition precedent 10 the most
effective administration OF privately """eu A
operated Industries
When power is granted 10 municipality 70
become the owner and operator % a public service
industry. It is always granted without limitation
as 10 time Municipal ownership advocates pieao
eloqucntly for the application 20 private TahchS's
OF the principle that present has no right TO ond
n future generation They appear never to see
that future generation is bound more effectively
by granting a perpetual franchise 10 a municipal
ity than by granting similar franchise TO a pri-
vate corporation
THE DEBTS OF CITIES
c. G. Harraman. Of New-York informed the
convention that It was impossible to obtain
statistics as to the Indebtedness Of the various
cities Of the country. At his suggestion the
league passed n resolution recommending the
passage by every State OF A la" requiring the
properly constituted officials Of municipal cor
porations Of each State 10 render annually TO
the State Controller a complete financial state
rnent Of the Indebtedness OF such corporations.
including. II any the amount Of the sinking
funds for the payment OF such debt
There was a brief little contest for the place
in which the convention shall be held next year.
Delegates from Atlanta. from Peoria, from
Grand Rapids and from Charleston, 5. c.. urged
that the convention be held in their cities.
Mayor J. f. Smytb Of Charleston won tho
favor Of the convention for his city by saying:
Gentlemen you ought 10 come 70 Charleston You
know that Is the place where We began our little
wrestle IN 1851 and II full Of historical assocfa-
tons both of the Revolutionary War and OF the
Civil War ! saw the first shell fred AT Fort sum-
ter but I want to tell you that there Is not man
in Charleston who IS Just loyal 10 the Union
as any man in this hall. (Cheers)
The bloody chasm has closed II no longer exists
since the Spanish war when all took pride In
the bravery Of the boys in blue from South Caro-
lima as well in the bravery Of the boys In blue
from the North We had seven thousand soldiers
from the North Unexpectedly landed in our city
while the Spanish war was in progress. but we did
the best We could to make them happy, and as a
result received letters OF thanks from all over
the Union Send your convention 10 Charleston
and you will receive a royal welcome.
The convention by a large majority resolved
10 go to Charleston next year
Mayor Maybury OF Detroit. who was also de-
clared TO favor municipal ownership. was
supported for president by the votes Of nineteen
cities. but twenty-one cities supported Mayor
Johnson Of Detroit. and he was elected. secre-
tary Gnkison, Of New-York. reelected.
The final days session Of the convention will
be held tomorrow.