SOME PRESENT-DAY ISSUES OF PUBLIC UTILITY REGULATION 62 Edward W. Bemis, Member of Advisory Board, Valuation Depart- ment, Interstate Commerce Commission; Board of Supervising Engineers, Chicago Traction, Chicago, and Director of Valuations Percival R. Moses, Electrical Engineer, New York City. H. C. Hocken, Mayor of Toronto. H. W. Ashley, of Rathbun, Jones Engineering Co., Toledo, Ohio. PART IV-MUNICIPAL OWNERSHIP AND OPERATION Fourth Session-Saturday Morning, November 14. MUNICIPAL OWNERSHIP-THE TESTIMONY OF FOREIGN EX- Frederic C. Howe, Commissioner of Immigration, New York City. James M. Curley, Mayor of Boston, Massachusetts. Oliver P. Newmann, President, Board of Commissioners, District of F. C. Henderschott, New York Edison Company, New York City. Newton D. Baker, Mayor of Cleveland, Ohio. P. S. Scanlon, Mayor of Huntingdon, West Virginia. PUBLIC ADVANTAGES OF HOLDING COMPANIES........... Francis T. Homer, of Bertron, Griscom & Company, New York City. THE PUBLIC WELFARE AND THE HOLDING COMPANY... James P. Goodrich, Director, National City Bank, Indianapolis, KAISER-Law, Legislative and Municipal Reference Libraries (p. 335); KEILER-American Shipping (p. 335); MaROT-American Labor Unions (p. 335); RUBINOW-Was Marx Wrong? (p. 336); THOMPSON-The Railway Library ASHLEY-The Economic Organisation of England (p. 336).. CROW-America and the Philippines (p. 338) LE ROY-The American in the Philippines (p. 338). T. W. Van Metre Scott Nearing .C. L. Jones VINOGRADOFF-Oxford Studies in Social and Legal History (p. 343). A. P. Usher PROCEEDINGS OF THE CONFERENCE OF AMERICAN MAYORS, NOVEMBER 12-14, 1914 REMARKS AT RECEPTION THURSDAY EVENING, MR. EDWARD B. SMITH, of Edward B. Smith & Company, Philadelphia: Ladies and Gentlemen: His Excellency, the Governor of Pennsylvania, has expressed his sincere regret that an official engagement prevents his being here to welcome you, but we have with us tonight a man whom Pennsylvania delights to honor. He has been mayor of Philadelphia and governor of Pennsylvania; he has the confidence, affection and esteem of all our citizens regardless of party. Whenever there is need of a man of force, of the highest integrity and ability, and of unswerving loyalty to the highest standards, our thought turns to the Hon. Edwin S. Stuart, one time mayor of Philadelphia; one time governor of Pennsylvania. I wish to present to you the Hon. Edwin S. Stuart. HON. EDWIN S. STUART, formerly Governor of Pennsylvania: Mr. Mayor, Ladies and Gentlemen: I don't know just exactly what I am to do, but my friend, Mayor Blankenburg, said he wanted me to come here tonight and say a word of welcome to the visiting mayors, their ladies and the guests here tonight. I think that is hardly necessary because Philadelphia always welcomes anybody that comes here for the uplift, the advancement and the improvement of this or any other community. This conference of American mayors is bound to be a great thing, gratifying not only to our municipality, but to all the other municipalities. I am not one of those who believe that we are going backward in municipal government, as a general rule. I believe that municipal government, like everything else, is going forward. I believe municipal government was better twenty years ago than it was forty years ago; I believe municipal government is better today than it was twenty years ago, and I believe that it will be better twenty years from now than it is today. As the chairman has stated, I have had the honor of being mayor of Philadelphia, and I know that my experience in a city of 1,000,000 was just exactly the same as the experience of the mayor of a city of 5,000. They all have their responsibilities, and they all have somebody that can tell them better how to run things than they know themselves. That has always been so and always will be so. And I am satisfied in the feeling that I have that we tend to the betterment of municipalities all over our land, and on behalf of the reception committee, I cannot help extending to you a most cordial welcome, as I know Governor Tener would do if he were here. I bid you welcome to Philadelphia and trust your remembrance and recollection of Philadelphia may be as pleasant to you as I am satisfied our remembrance of you will be, as long as we live. HON. RUDOLPH BLANKENBURG, Mayor of Philadelphia: Ladies and Gentlemen: We have come together this evening to get acquainted with each other; to have a good time; and to enjoy ourselves in the lighter vein. This is a preliminary to the important work that has caused this gathering of American mayors to meet in convention for the discussion of serious subjects that affect the well-being of all municipalities, large or small. This informal reception is tendered by the committee to the mayors, the delegates, their friends and their ladies who have honored us with their presence and it should not be marred by a lengthy address on my part, but a few words of welcome will be in order. Let me extend to you, the chief magistrates of the cities of our land, a most hearty and sincere welcome to the City of Brotherly Love. You represent all parts of our great republic and it is an especial pleasure to see in this distinguished company representatives of several important cities of Canada, our esteemed neighbors to the north of us. This is an auspicious occasion and the first in the history of our country, I believe, where the executives of municipalities, large and small, have congregated in great numbers to discuss questions that affect the interest of all our citizens-the urban population directly and the rural, indirectly. Let me premise here, on the eve of the real work of the convention, that the idea of showing an |