GOVERNMENT OWNERSHIP OF RAILROADS
Paternalistic control, even when entirely benevolent in intent, is generally harmful in effect. It is apt to be doubly so when, as sometimes occurs, it is punitive in intent.
The history of our railroads in the last ten years is a case in point.
In their early youth our railroads were allowed to grow up like spoiled, wilful, untamed children. They were given pretty nearly everything they asked for, and what... more...