The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-10-06

ieges bestowed? 1t is estimated that the
street-railway company could replace its
value many times in excess OF this sum,
which Is represented by what We call good
will. or. in other words. by the value of its
franchise. Are not the people entitled TO
some portion OF the excess between the
actual money investment and the market
value OF the stocks and securities OF a cor
pOratiOn when such excess is created by
the grant Of power coming directly from the
people2 The. value Of a franchise Is largely
an unearned increment The men who build
street railways and electric light plants and
heating plants and water works are entitled
to a very liberal return on their investment,
but they are not entitled TO all the profit
which accrues from the unearned increment
that is, the franchise. In the past six
years the Stuckmeyer franchise ana the
home heating and lighting franchise have
peeh BFanted ana the Garnewei and gar
bage contracts awarded in the same man
ner that the barOns of old distributed lands.
as rewards for personal services. There
mas practically been no competition and no
attempt made TO protect the interests OF
the city. Valuable rights have been given
away as If they were the individual prop
erty OF men temporarily in Office. The eff
fort was made to conclude an electric
lighting contract two years in advance OF
the expiration OF the present contract, and
the specifications were 50 adroitly worded
as TO eliminate competition and make it
possible for only one company TO fulfill
them. The rule Of Mr.. Taggart and his as
SOciates has been espOtic, autOcratic and
imperialistic. FavOrs have been extended
- $3.50 hO SONA o t&A NNA LII VI DGtIs
Saloon keepers have been prosecuted be-
cause they would not support Mr.. Mcguire.
flnes properly levied have been RENTED or
not collected and the gambling fraternity
has found the city fairly congeniaI. A city
may be very beautiful indeed and so rot
ten when you know the real condition OF
Things that you feel the necessity Of a
thorough cleansing.
APPROVED BY MAGUIRE.
Mr.. Mcguire not only approves of all that
Mr.. Taggart has done, but frankly tells us
that he sees no opportunity OF improve
ment. and will. therefore, if elected, do
likewise. The development of the city has
not been more remarkable than the evolu-
ton of Mr.. Taggart's literary style. as
shown in the letters which have appeared
in the News. After they were prepared for
MIN Imagine that he signed them with a
g~Ood-natured smile, remarking that he
could not have done better If he had writ
ten them himself, and wondering the while
II the people were really so stupid or credu-
lous as to be deceived by the clever So
phistications which they contained.
Il want TO see Mr. elected,
not because II would mean much TO the Re-
publican party in the next state or national
election, but because il would mean much
10 the citizens OF indianapolis TO have a
prompt discontinuance of the methods and
practices which have involved the munich
pality in debt without corresponding bene-
fits. The Republican nominee says tina he
Will go into office unpledged to anything
but the city's welfare. He promises a bust
ness administration, which means an ad-
ministration without fayorites and con-
Quoted not for the personal gain of any one,
but for the good OF all. If he keeps his
word he will be commended even by his
opponents. II he fails TO do so he Will be
generally and justly condemned. 1 am will
ing to trust him. He Is a young man who
has been successful in what he has here
tOfore undertaken. His plurality Should he
so large that he will feel the people are
! sustaining him in his endeavors to correct
abuses and i~naugurate reforms. If any
Democrat is suspicious OF Mr.. Bookwalter
he should reflect that even if he We're in
clined to be dishonest, there is absolutely
nothing left for him TO take after the six
years of contract letting and franchise Civ
ing through which we have just passed.
The Republican who r~efrains from voting
on Tuesday. if he is able TO go to the polls.
men, because he is not a desirable citizen.
The civic conscience should be aroused
AND nc the people should haze the courage to
10 nave a voice In the administration Of
their own affairs"
TAYLOR AND OVERSTREET.
Attorney General Taylor and Representa-
tive Overstreet spoke along the same lines.
Both cOntrasted the excellent records made
by the Republican party in the management
Of State and national affairs with the
record of the Democratic party in the ad-
ministration of the affairs Of this city. 1T
is time to call a halt" said Mr.. Over
street. 1--WE have either been purposely de-
ceived by Mr.. Taggart or else he has been
incapable of giving us the kind of govern
ment we demand. In either event il is our
duty to repudiate his administrations with
an overwhelming victory for the Repub-
ncan ticket at the pools next Tuesday
The Republican party has been success
tul IN Its Administration of affairs" said
Mr.. Taylor, because it has ever kept it's
eyes on the north star of honesty. 1t has
been the party OF liberty and honest gov
ernment. 1t is easy to keep house when
hams, dishonesty and trickery are barred
out lis it not time that the citizens of
indianapolis were awakening? Let every
Republican do his duty on next Tuesday
and on the 10th of this month the city viii
have a new set Of hOusekeepers that will
know how to keep -four in the barrel and
potatoes in the cellar"
MR.. BOOKWALTER SPOKE BRIEFLY.
Mr.. Bookwalter. owing to his extreme
hoarseness and the fact that he was billed
to speak at a number of other places, left
the issues of the campaign to the other
speakers and devoted his remarks to the
kind of administration he would give the
city in the event of his election. Il shall
be honest with the people of this city, .
said Mr.. Bookwalter, "and give to the city
a clean pushes administra ton. 1 promise
you that if L am elected there shall be no
criminal expenditure of the peoples money,
such as we have witnessed on the streets
am elected / shall appoint only such men
to assist me in administering the affairs OF
the city as are honest and faithful. believ-
ing that thus only can the question OF mu-
nicipal government be solved"
II. :. New said he was glad TO be able
to testify by his presence at the meeting
his interest in the success of the Repub-
lican ticket. 1T is time" said he, that
we rid ourselves OF a most unsa tisfactory
administration of our affairs" He spoke
of Mr.. BoOkwalter's. ability to give the
people a more desirable city government,
and concluded by urging the Republicans
to go to the polls and cast their votes for
the straight ticket.
Mr.. Ransdell spoke along the same lines
as Mr.. New, saying that he had returned
to this city because he was interested I'm
the administrator of its affairs. He COM
plimented the Republican party on its Sc
lection of a candidate for mayor, and urged
every Republican voter to go to the polls
and vote his ticket straight.