OCR Text |
Show I To Make Pest office I Private Concern I Chicago Millionaire Submits I proposal to take entire Postal lj Service out of Government mL Hands Cheap Postage, Sure f Profits arc Promised. - To turn over the postal service of tho United Statca to n private coriorntion under strict public control la the remarkable re-markable proposal made to the Postal commission says the Washington times. Such a proposition was made to the postal commission by Mr W. D. Boyco n millionaire publisher of Chicago who has gathered around him several associates asso-ciates who arc men of big affairs and who propose to run the ofllcc on business busi-ness principles. The proposal includes agreement to cut postage rates one half, establish rural postal express and npply business methods throughout. Tho Corporation will be capitalized nt $50,000,000 and will bo under full govennent regulations. They will pay the govcrment rental for post offlce quortcrs, and charge it regular regu-lar rates for its postal business. All sinecures, politics and defects will be eliminated. A well known railroad traffic expert will be placed in charge at a salary of $30,000 annually. Tho corporations to pay tho government govern-ment all profits above 7 per cent on capital. cap-ital. Tho total amount of service of tho post offlce to tho government is estimated es-timated at $25,000,000 annually th!a I would be cut to $12,500,000. Mr Boyce I insists that his proposition is made in tlfc utmost good faith. Certain It is tint It affords a most cfTcctlva talking point from which point out the weakness weak-ness of present postal management. Direct comparison of tho present post-offlce post-offlce organization with methods com-' com-' monly prevailing In private business and in great public Bcrvico corporations ; Is considered by tho publishers tho most I effective method of demonstrating the L unreason restrictions which tho deparl- f ment is disposed to impose upon them. MrBoyce'H proposition may havo Its . "hole in tho skimmer," but its author doscn't think bo. He says good manage-N manage-N ment will make tho business pa,y nt 1, half ofirescnt rates. milk. U&,: , l-jmA'( 1-want ia to get myself and my aBfc'.t ' ' proposition taken seriously, " ho do-nHfep do-nHfep cluredj "After that it will bo easy, HJKr fr "1C public wantn lower post rates. BfwT.. I um not man tube making n blufT at mjBt n thing like this: I have too many in- BR tercsta that could bo Hcrlously Injured R by such n course. The backing is ready r'v ' to form ii corporation and take over tho postal service on tho terms I havo out-I out-I lined. |