Davis County Clipper | 1931-10-16 | Page 1 | Sound "Public Ownership"

I Sound Public Ownership I The public utilities utilities of the United States represent an investment of more than Of thIs electric light and Po power poser er companies account for with tele tele- telephone telephone phone and telegraph street railways and gas companies standing at about 5 each Such a sum which is almost beyond I the power of the human imagination to encompass can be raised in but one way Through the c combined investments large and small of millions of American citizens CIti- CIti CItizens citi citizens zens who have bought utility securItIes securities securities believing them to be safe sound and profitable These Americans found in all busi busI- busInesses businesses businesses nesses in m all walks of life are arc the power trust A very few of them It is safe to say are capitalists in the accepted sense of the term Most 1 of them undoubtedly have modest In Incomes incomes incomes comes many of them are laborers They are the 0 owners ners of the AmerIcan electrIc industry one of our greatest and most substantial employers and taxpayers