The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-01-28
One Of Worst Results Of Glasgow's Trial Of
Municipal Socialism.
Under the Wholesale Municipal Ownership Scheme the Joboldes
Form Immense Machine to Keep Themselves in Office and
Suck the Treasury Dry Taxpayers Foot the Bills
and Debts Pile Up Appalingly.

i,she ana power plants the city can fix
.iie price OF electricity. 1t Is not the cor
nola.iot OF Glasgow, but the baron of the
scotch coal fields that fixes the rate that
W., We must pay Tor our light and power.
The city buys It's coal from the lowest
the electricity. The price of these nro0
ducts must be regulated by the price ~
the fuel. When the companies corner IN,
coal and send prices hipbar r,+ur.IIy ~
price of gas and eIoctricIty ,n,,st ;no,.. .,.e
in tho same nronort,on '. e'''e
"A great deal of rho c.r,,., -.
formerly invested In n,.i,,ata ,.aa was
panies in Scotland is now IN ths en-,
fields" 80 ''te eoai
told Mr. KAY tba,
nothing Ia sear frn,,, ~. nnse,es mas
that all our t,os s'p eoa' pafons'
made fron, ~, 81" eiec'rieity are
~ oii,
quizzical snile ..tba+ .bor saia' with a
the name. of Roctef.,ia, ,a 80 man OF
the oil Industry in vour comn,rv 'ea IN
DEeTs - . sGui Goun.rS'
asked NJ Ro1 aha ai.L .,'
the municina1 doht G ue taxes and
whether munfcIne, tnas, osu" ana
anything toward rea,,cI,,n 10 ooihs
"If we were secur,ns ,n,,.o 'ne rates.
ha,tar ar,.;i lo"er rates and
trading should bc ono "a -, "a
staunchest supporters - no ran,,o5 81, 80
we got noitba, -, o iepiieu, Dut
increasing out of all proportion to the
increase IN rntabie value, and our
aaAes are mounting upward by leaps
an. .t1 oounus.
iieie are Few statistics that may
.,atio,s nniue 70 you IN your investi-
1oen ,ooa PURPOSES only for the year
~ 100 vi IcHthlS at t1O and nm
same 80 ~ ~. sn.ihnss i've pence The
five nenca ''ta' 40 three shillings
fifty nor cant W. .. Increase OF
now that wa d,d 49, eeite hothing free
public service shows a. .neh, and the
ratio of imnroven,a,t .,, no greater
score OF other clt,as II nut OF
Certainly thai prospect 10 No. iai.ed.
lated to enthuse one in favor aicu-
nicipal trading ''u
In 1S90-lS91 tho munjcina1 1ah+ :,
Glasgow was s5.94O131, tho assass,, "
rental then was f3455 10 ,.'n
1905-19o8, the assessable rental ,,al, y.
has increased to f5,589.94l. and tha
municipal debt to f14.g40.131 wy
This means that while the ause..a,,,
rental has increased 90 ner cert ~
municipal debt has Increased aso VIC
cent.
las an owner of freehold nronor.,
SlaSSO" l not Dleage @La
pect.'' '''e pio"'
On tho ,o,,o,,,u
To Mr. K,,,,a og'aa aee,nooh returned
. homt CO.. oiice 70 ask some questions
Inc ~ ,a., peeuiiar method Of pay
had hoe, 49, a. M. paying. It's bills. 1
diecovo,.a, se Ivy iiaii ana mad there
monna. ~ souin pu"Iinig 1acts about the
na,,,,ar+, W i,ahins interest and sinking
.T 49, VI uona issues.
the coato,, .t.', sa1u MI kay, that
,n.s 49, s'sto u ISSUING ana redeem
Iro,,,,,. % p""Aiihs 10 you Americans.
s,,s,a,,, ~. WI say that ours Is not a
yo,,, H. 10 YOU Gouia 1olioW with profit.
daar,, p..''i ~ pasins the interest and re-
a,,n,,a' nv po'ius IN so many equal
"n,., us h s.s.,l'en.s IS an excellent one.
80 o III, ooilus are issued for periods
ISL. ,. rom thlrts 70 eighty years, and
~ VIZ expiration OF mat time. II fifty
yer 30 oonas uro issued TO cover the cost
-. oel.a'h enterprise say public mar
na.,' .i'al uepar.naent must put aside
eagh sear oAe-Alueth or the principal
anu interest SUI thls money does not
~ 70 ieaeeili me ponds It Is placed In
q general tuhd ana can be re1nvested
III otner enterprises.
ms money IS always rolling around