Word: controllers
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...Generous grants of land, subsidies, and guarantees of its loans had not availed to make the road a financial success, and since it seemed that the expenditure of government money on its behalf was destined to continue indefinitely, it was only natural that the government should finally take direct control of the expenditure of the funds it was furnishing. Incidentally it is very doubtful if the former private management was as efficient as the present government management...
...magic formula for solving every difficulty and curing all ills. This is all the more curious in view of the Government's experience in operating private industry during the war. To prove this it is only necessary to turn to the railroads. There the outstanding evidence of Government control was poor service at almost double cost. The formerly great systems, well operated and magnificently handled broke down completely, under Government management and traffic became hopelessly tied up. Labor became inefficient and difficult to manage. Last, the rolling stock ad the road-beds were allowed to deteriorate until on turning...
Possibly this was a war condition and under permanent Government control would be eliminated. Look at Canada. There the government has been in control in peace times of all the important railways except one,--and the only one to make expenses since the war has been the one remaining in private hands. In 1920 the Canadian Government lost $70,000,000 in operating the roads; and in 1921 another huge deficit coupled with the $100,000,000 interest which had to be paid, cost the Dominion half its income. The attached shipping enterprise under government control has also caused grave...
...apparant, I think, that the Government must have more control and greater authority over the coal industry. Whether government control will be sufficient and efficient or whether government ownership will be necessary, it would be difficult to determine this time, but the public cannot longer be without a voice in the operation of this industry which is so vital to the existence of the public...
...loyalty to the government nor does it show a desire to make use of the previleges granted to labor in accordance with the Declaration of Independence and the Constitution. The second point noted from last year's speech is vitiated by the admission that the central unions have no control over the actions of the local labor organizations or their members in regard to walk-outs. When men refuse to obey the commands of their leaders or to accept the offerings of the employer, there seems no way left to offer justice to either side or preserve the advantages...