The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1915-10-07

| - every dollar / had. and all my
wife's father had.
You hear great deal about .
pig-in-a-poke: but no plan yet de-
yised can tell what the road 10 going
TO cost. and every plan hut this plan
means payment In cash.
Some Of the municipal ownership
men are crazy To get the railroad
hut they're afraid we're going to get
| Il Illegally. DO they know anything
about the ID. U. Rs lawyers? Some
Of them are among the best in the
country. and yet we're going to beat
en-. and get the road illegally!
They talk about the minimum wage.
One paper 10 afraid OF II because IL
would mean spending more money,
and another says II isn't any good In
law. AMI yet both are owned by the
same man.
"You know that the water depart
ment, tho FIRE department. the police
department. the public lighting com
miteSon are not perfect, Mr.. law
son concluded. but show me the
man who would turn them back to
private ownership. When we get
the railways, well never turn them
back. We shall extend the system
into the barren places OF the city.
and we shall not operate IL for mon
ey or greed. but for the growth OF
the city"
i Mr.. Moore opened with a state
merit of dubious accuracy when he
said that the moment you vote the
proposed plan. you put an $l1 ,00o.-
COO mortgage on all the property OF
Detroit" He did not explain that
the so-called mortgage fails TO be-
come operative and interest-bearing
unless the municipslly-run road de-
faults in its payments.
He questioned Mr.. Couzens' abil'
Iity to judge Of an investment. and
1 said that be lost . large amount OF
me ney In the Kansas City, Mexico
& Orient railroad.
For myself" be said, II would
rather take the Judgment of the peo-
pie OF Detroit than that Of Dodge,
Couxens and wilkie. would rather
take the judgment Of the whole peo-
pie than that Of the privileged few.
| tApplause.) I favor giving the peo-
DIE the right to know what they
have to pay. Whatever VIC pay. we
xant TO know the amount before
xe vote It (Applsuse.) We don't
want to sign . blank check"
| That's right" cried someone
l Mr.. Moore said that this was the
| a-st time In his life that he had
lever heard Mr.. LAxsnn declare him
Iself In favor OF municipal owner
sntp. There WE laughter IND ap
plause.
The commissioa spent $4,000 OF
your money and mine on an apprais-
al" he continued. and we don't
know what II H. Why don't they
! publish n! There are reasons why
Il have no confidence in this report
;Prsf, Bsnk knows nothing about
irhysical values: he il an expert
only q franchises He employed q
Inumber q experts who worked with
THE d. u. r. men I said 20 one
Of the commissioners, 7 understand
your men are working with the d.
~. r. He replied: OF course. How
else do you expect they are going to
get information
III there In so much money in
Operating the ID. U. r.. why hasn't
the company paid OF its bondsg'
= The lawyers got 1t ALL" shouted
someone In the crowd.
Il know many OF the D. U. r law
yers," Mr.. Moore retorted, "and most
,of their wealth In in their heads"
Mr.. Moore said that d. U. r. bonds
] are worth as low as 20 and that ID.
~. A. A. 4 J. bonds are quoted
around so. In this ne was mistaken.
a. the bonds on the city lines are
worth In the SOS. and d. Y A. A. &
j. bonds are quoted AT S1L ,fives,
due In 1926 and IS tsixes, due in
1924.
Mr.. Moore said ne put no trust in
he D. u R statements
De company has .,lsnne'l for
yearf to sell the lines 10 Us, and il
warts the price basel on earning. +"
he declared.
Mr.. Moore said that his plan Is to
drive the ID. u. r. out of the streets
where franchises have expired, offer.
ing rny company the vafue Of IT. cor
struction In those streets.
How would you rind the value?
asked Mr.. Lawson.
y 1T II q very simple thing to find
how much each rail and tie Is worth
replied Mr.. Moore. using Mr.. Law
sons own words. The crowd laugh
ed.
4 IF the company Is unwilling to
sell, we could do az Toronto and San
Francisco dfd--take up the track and
lay our own. In Glasgow, the com