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GOVT OWNERSHIP SOON OF R. R.
SEEN BY AN EXPERT
By Ivy L. Lee
(Former Assistant to President of
Pennsylvania Railroad; Mora Re- .
cently Chief Spokesman for
This country is moving steadily
toward government Ownership of
railroads,1 not by the conscious
choice of the people, but because a
condition is being created from
which government ownership will be
the only way out.
In the period since Jan. 1, 1915,
only $12,910,520 in new money for
railroad construction has been rais
ed through the issuance of stock, and
of that sum $10,000,000 was In pre
ferred stock of a prosperous railroad.
During the 27 months since the war
started new capital issued by indus
trial companies to produce war mu
nitions, manufacture dyes and chem
icals, operate shipping companies,
and develop oil and gas resources
amounted to $879,557,000.
x In other words, our industrial de
velopment is going ahead by leaps
and bounds; our railroads are stand
ing still. And this is a year in which
railbroad net earnings' have been
greater than in any previous year.
The American people must have
new railroad facilities; they cannot,
they will not, permit their commerce
to be throttled by inadequate facili
ties. The sole factor, therefore,
which will determine whether or not
we are to drift into government own
ership, will be whether we are going
to be willing to allow the railroads to
earn sufficient profits to attract pri
vate capital into the development of
existing railroads and the building of
new railroads. If not, government
ownership is certain.
Dr. A. L Blunt freed on charge -of
illegal operation on Kate Schwartz,
21, 5438 S. Laflin.
Matthew Benz, N. Dakota harvest
laborer, arrested with revolver and
JOHN D. TO PRESENT CHICAGO
GREAT MEDICAL SCHOOL
John D. Rockefeller has decided, to
present to Chicago the world's great
est medical school It will be con
nected with the University of Chi
cago and will cost in the neighbor
hood of $10,000,000. The Rockefel
ler Foundation will cough up $1,000,
000 and the General Educational
Fund and "prominent" Chicagoans
wiil raise $2,000,000. The principal
factors in the new school are:
The. plant of the Presbyterian hos
pital of Chicago, now held under con
tract by the Rush Medical college.
The West Side properties of the
Rush Medical college.
An endowment of $2,000,000 from
present funds of the university, rep
resenting increment on former
Donations of $700,000, already se
cured. Subscriptions of $2,600,000, yet to
A $500,000 site on the Midway
Plaisance, donated by the university
MRS. BOWEN HITS HEALEY AND
JUDGES ON CABARETS
Mrs. Jos. T. Bqgffen, head of the
Juvenile Protective ass'n, last night
charged that police aad certain mu
nicipal court judges were an aid to
tough .cabefrets. She said that if
Chicago had a police chief who was
willing to do his duty there would
not be as many young girls drinking
until late hours in cabarets. She also
told of instances where judges had
refused warrants for cabaret own
ers at the request of the association
after evidence had been gathered.
One judge when asked for a warrant
for the owner of a tough cabaret re
fused on the grounds that.the owner
was a friend of his.
New London, Conn. German sub
sea freighter Deutschland loaded .
and ready for homeward dash Be
lieved start will be -made today or