Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1911-04-18

by the equities of cnch ease. II
WouId s." time establish course oil
practice ana precedent for the guild
aucc Of al concerned
Experience also has demonstrated
that this supervision should stop at
control and regulation and not
manage. operate nor dictate what
the management OF. operation should
10 beyond the requirements ot the
greatest efficiency and economy.
Management or operation requires
Intimate knowledge ana experience
which can only De gained by cont'n.
unus. active aud practical participa-
ton iu actual working, while control
OF regulation can be intcllis"ntlS oN-
crclaed, after Judiciu' hearing hN
tho-, Who have not the knowledge
or experience 10 operate
"Siatc control ur rrgulat on should
br Of such character ~ 10 cncourag"
the highest possiuip standard in plant
IA. utmost extension uf facilities, the
highest efficiency in service. riaid
economy in operation. and Co that end
should allow rates that will warrant
the highest wages Tor ,h" best S'r-
vico some reward Tor hish cihccncN
Ia administration. and such certainty
of return on inVrstmcut as viii Induce
Investors not onlY 30 retain thoir see
curitlrs but To- supply - all Times all
TIA. capital needed te meet the de-
mnnds Of the public
such control and regulation can
ard should stop nil abuses OF capitals
zation. of oXtortiou 90 of oNrrrherg"s,
Of unreasonable division pf profits
~ th"ro h. 90 hc state control ma
Regulations. thcr, -hpiid also hr state
protection protection to corpora
ton striving To- serve th' whole conn
uuuitv Osumc part OF whose service
must uro~ssarily bee Improbable
l FROM aggressive competition wh''h
/ cnv.ts only that part which is pr"ut-
/ able
Governmental control should pro-
toct the Investor as we'll as tho pub-
llic It should insure Co. th" public
good service and fair nt's 70 should
I ALSO insure far returns to pa, inves-
I tor
when hnrouehl, understood u
viii bc found that control Will giN'
| more al the hrnsnts nnd puhlIc al
| Nau'ugns. which are expected 20 90
| nhtlined bN state oWn'rship. 'hAi
| could h, obtained through such owns
' crship. and win obtain th"m without
liht puhilc burden of either tho pupht
lonice-hpld.r or public debt ~ ur"rat'
ing deficit Il s conceded That ~ .
raj. private management D. h'tt'r
moro rcouomicni ana NOR, riiicI'n
than pubic manage m"nt U"b mu'l
moro advanced ana cntrrpri~ing lo'
economical margin between pup't
aud private infringement has beer
shown ov experience e. h' more lhdl
~ufnci.u 10 secure the bost private
administration.
stat cuntrul or regulation, 20 los
81 ectiyc, Slould when exercised, b'
accepted and acWIoscod ~ los th'
public. II All the decisions not IA y
act accord with the desire ar confrn
,ion of The public ere condemned II
n is expected aud Required mat ~
de cinlons be against III. utilucs con
uroli,d n politics aud political crcc
ar To- govern the decisions. il decis
ions 20 for nothing with. and are no
respected by the public. failure ans
disappointment are bound To follow
lsolf-rcsprcting men will refuse Go act
the standard of appointments viii Gal
and state control and regulation vii
hccom, a disgrace and the cvii
4 which "a was Intended tu correct wil
multiply
state control of public uultie