Striking Object Lesson, Daily Racing Form, 1918-08-03

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STRIKING OBJECT LESSON A striking object lesson as to the evils and the disastrous results of government ownership of rail roals is offered in that generally wellgoverned country the Dominion of Canada The Canadian government has operated the Intercolonial Railroad for fortyseven years For twentylive years there1 was an annual deficit the total for the period be ¬ ing 1100000 During twentytwo years the roads earnings were greater than its expenses but so slight was this profit that the net deficit for the fortyseven years of govcriimvnf ownership is 9n 0000 The Prince Edward Island Uailnmd has lost money every year of the fortythroe in which the government has onerated it the total deficit being 3280000 The government has built and is now operating te National Transcontinental Not one of the three systems earned expenses for the year ending June 30 1915 the combined deficit being ST0000 The governmentowned railroads have been an expense to the taxpayers in spite of the fact that they iiaidno tuxes Canadas privately owned railroads paid in taxes iu 1910 30497118 Leslies


Persistent Link: https://drf.uky.edu/catalog/1910s/drf1918080301/drf1918080301_5_4
Local Identifier: drf1918080301_5_4
Library of Congress Record: https://lccn.loc.gov/unk82075800