Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1915-01-24
BRYAN SAYS ROADS
MUST BE OWNED
BY COVE RNMEHT
Representative Declares That
People and Owners Of Great
Transportation Companies
Are to Clash 10 Finish.

~ scHNiNa lcunssL sFHcasL ersrrn sraGI
New York Jan. a2-Gorernment
ownership and operation of the rail-
roads n the United states are in
eYitable. IN The opinion ~ Represen-
iatire James " Bryan ~ Washing
ton. who spoke on this topic al the
Republican club here today Event
nailY -the democracy II the people
ana the arafOeracy u the railroad
corporations. must grapple in a
feht q the finish he said.
Monopoly Of railway transporta-
ton j. inevitable and Necessary. % the
Congressman asserted. THE attempt
70 keep The railways apart ana eom-
pei them 10 Geht each other Is ab-
Eurd and wastefui Hartman did a
great service Tor the people IN going
as FAR as he did toward Harrlmaniz-
ing the railway systems. but q GOV
eminent which costs 81 .00G. 600. 600 a
year, feels its weakness in the pres
enee Il an internal corporation which
must. under present systems. be man
aged hy few men such power natu-
rally adds to itself other great inter-
csts. spch as the banking, manufac-
turing and water power interests and
leads to an arlstocracy II wealth. in
which a half dozen men become more
powerful than kings
Conflict Inevitable.
The big transportation machine
In the United States has become too
big 20 live under the peoples cor
poration known as the United states
n America The 100. 600. 900 stock
holders 81 this $3.50. 000. GOO. 900 com
nany Will inevitably conclude that
the supremacy II the government is
CHALLENGED by this power The newt
able result is a fight TO the finish he
tween the two Institutions. Either
the democracy u the people assert
ing Itself through the federal govern
ment or the aristocracy Of the rail-
road corporations must fail"
Professor Edward Sherwood Mead.
Of the University Of Pennsylvania.
and Thomas F. woodlock. formerly
Of the Wall Street Journal. opposed
government ownership. Professor
Mead stated danger would ensue II
the executive heads Of railways were
TO change with each succeeding adj
ministration and denied that the beo-
pie opposed the railways.
Government Regulation.
BENJAMIN II. Y0akum. chairman az 1
the ST. Louis q san Francisco Rail-
road Co, declared It made little diff
ference who owned railroads. be-
cause the government could exercise
the same regulative control over them
as If il really owned them. The best
possible solution Of the unemploy-
ment question lies in government en-
couragement or cooperation in the
restoration Of railroad construction
and the opening Of new lands, he
said.
III way can be found to do this. /
every other class OF business will re-
spond and flourish from the time 1
such fixed policy is assured" said
Mr.. Yoakum.
He said that railroad construction |
has been arrested since 1912 and that /
the prospects are that there will be 4
no such work for two years more
Meanwhile the country has 5000, 600 I
additional mouths to feed without I
any additional products to feed them.
Railroads Must Improve.
The cessation Of railroad cnnstruc- I
ton for four years, Mr., Yoakum
said, would mean that the country
had failed 10 Invest more than
81 900. 600 coo.
Before all this important work Of
new railroad construction can be re-
sumed," he continued, "a method
must be found by which the govern
nent, the bankers and the builders
Fan cooperate. The government
must give material announcement to
his necessary work"