Public Ownership: A Survey of Public Enterprises, Municipal, State, and Federal, in the United States and Elsewhere

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Thomas Y. Crowell Company, 1925 - 445 páginas
 

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Página 130 - No railroad corporation shall issue any stock or bonds, except for money, labor or property actually received and applied to the purposes for which such corporation was created; and all stock dividends, and other fictitious increase of the capital stock or indebtedness of any such corporation, shall be void. The capital stock of no railroad corporation shall be increased for any purpose, except upon giving sixty days' public notice, in such manner as may be provided by law.
Página 130 - No corporation shall issue stock or bonds except for an equivalent in money paid or labor done, or property actually received and applied to the purposes for which such corporation was created, and neither labor nor property shall be received in payment of stock or bonds at a greater value than the market price at the time such labor was done or property delivered, and all fictitious increase of stock or indebtedness shall be void.
Página 20 - It has been said that he who makes two blades of grass grow where only one grew before is a benefactor to his species.
Página 1 - The greater the work, the more varied the activities engaged in, and the more complex the organization employed, the more imperative becomes the necessity that this information shall be available — and available in such a form that it can readily be utilized. Of all undertakings, none in the United States, and few, if any, in the world, approach in magnitude, complexity, and importance that of the national government of the United States.
Página 1 - ... are almost as varied as those of the entire business world. The operations of the government affect the interest of every person living within the jurisdiction of the United States.
Página 176 - A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men...
Página 2 - The operations of the government affect the interest of every person living within the jurisdiction of the United States. Its organization embraces stations and centers of work located in every city and in many local subdivisions of the country. Its gross expenditures amount to billions annually.
Página 42 - German forestry is remarkable in three ways. It has always led in scientific thoroughness, and now it is working out results with an exactness almost equal to that of the laboratory ; it has applied this scientific knowledge with the greatest technical success ; and it has solved the problem of securing through a long series of years an increasing forest output and increasing profits at the same time.
Página 412 - I am not saying that all invention had been stopped by the growth of trusts, but I think it is perfectly clear that invention in many fields has been discouraged, that inventors have been prevented from reaping the full fruits of their ingenuity and industry, and that mankind has been deprived of many comforts and conveniences, as well as the opportunity of buying at lower prices.
Página 176 - ... reason of their own limitations, chill and check and destroy genuine economic freedom. This is the greatest question of all; and to this, statesmen must address themselves with an earnest determination to serve the long future and true liberties of men.

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