- (Conti,pu^d from first ra£e-)
cv considerable proportions of
their railroads. Twenty-three
great nations own and operate o
ver 05 percent of their mileage.
And everywhere the results
arc the same. Kates are reduced,
the service is improved, labor is
better treated, and the nation
gets to use the profit for the com
mon good.
If the Socialists controlled Con
gress the nation would very
shortly own the railroads.
The actual value of Hie rail
ways of the country, according
to estimates based upon findings
of the it ‘ ' fate commerce
c mvn’ ;sir.i. ;i about ?15,
t«0,C00rC00. i.ow, it is not neces
sary that the government should
take over the whole system at
once. It could luy enough ot
'the voting stock to got control.
The rest would be easy.
Cut suppose we bought out
tire whole system. We would
not need to bom w the whole a
mount, since iu our government
banks, and through our income
and inheritance taxes we would
already have a considerable pro
portion of the necessary funds.
But suppose the government
should borrow the whole $15,0l)U,
•‘000,000. The iuterest on the loan
at 2 per cent, would be §300,000,
000. Tut the rabroads’ net in
come over and above all expen
se". is 737,667,000. So we could
pay the interest on the loan and
have $437,067X00 left every
year.
So, under pub’ieownership, we
Con'd raise wages. Raise them a
" hundred dollars a year to every
railway employe in the country,
from the section hand to the
president of the read, just as a
“starter.” That would only rh
ciuire £100,000,000 per year. We
would sti 1 have $337,667,000
. left.
Next we could reduce rates so
as to reduce the. cost of living.
Let $100,000,000 go for that. We
would still have $237,667,000 left
Next let us set aside 91,000,
000 for a sinking fund to pay off
the original debt when it came
due. We would still have $137,
667,000 left.
With that 9137,667,000 we
.could buy up the r.cut utility;
^fl’se wages in ti nt industry,
shorten hours, improve conditions
and reduce the cost of living and
use the remaining profits to buy
1 p the next utility.
And so the Socialist program
would proceed from one utility
to another until the nation own
ed them all.
Every step in the process
v.ou'd make the next one easier.
And this socialization will' go on
steadilly reducing the profits un
til there are no profits. It would
go on until the profit system was
gone till all unearned incomes
were abolished—till exploitation
and robbery were completely at
an end.
Vote for the two Two So
By Wm.Francis Barnard
Elihu Root says that ho fean
“State Socialism.’’ IVe do not
fear Root though; h; doesn’t root
deep enough,
If only a zone could be thrown
I round William Howard lafr, that
1 he might he powerless to com
municate' with the outside world.
WANTED; a justification fori
i
intervention in Mexico. Apply
I anywhere in Wall Street. Arms
arid ammunition furnished, also,
specialists in murder.
Now Father Ryan is after
Pouck White. Re doesn’t like
White's Christianity. There -is
too much democracy in it for
him.
f
,—.. -.... i- . —m ]
NOTICE,
We have had several commun
;ca'ions lately from persons liv
ng at a distance from any Soeia
ist local, seeking information aj
to how they could become a mem .
ber of the party. All such should
communicate with the Territorial j
Secretary, M. L. Ger'h, Cush-j
mar. Street and Valdez Trail andi
become a member a* large,
:
For Councilman
F or School Director
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