Show A N G SYSTEM new public utilities managed in a way that regards retards progress it should be borne in that the investment at capital the ownership of public and semi public utilities by others than residents of a community Is a serious thing tor tho people residing in the place in western cities there we hundreds of allus rations ot the working out ot this plan ot securing public there Is need ot a water works outsiders come into the field with a proposition the city or town council Is approached and the final result ie that a franchise covering 25 to 60 years la granted the works are built people are then compelled to pay highest rates to meet interest on tonda and watered stocks the company perhaps pays taxes less proportionately than the residents ot the town are compelled to pay and the only money left in the community that la earned by the operation ot the plant are the taxes paid the wages 0 the few laborers employed and the salaries that a few straw officers draw all the profits are drawn to the owners ot the plant in some other city generally wall street new ork thus Is built up a system that draws the money earned in the community to some other place it Is the same with streetcar street car terns electric and gas lighting plantar and all other semi public and public utilities under private ownership and in which outside capital Is chiefly invested should these utilities be owned by home capital all the earnings would be retained in the community to seek investment in other improvements and the people would receive a general benefit there Is no argument that can prove that foreign ownership ot any enterprise Is good for a comma alty any system it matters not whether in a commercial line financial or other branch that takes from a community the earnings of the people and uses them tor the enrichment ot other sections Is a wrong system let business men ot every town get these facts fixed indelibly in their heads let commercial club entrust abts settle down to the tact that when through their work any enterprise Is built up that means continual drain on the resources ot the place ft Is better there be no commercial club it there are any enterprising citizens enough in a place to invest in their own town in this way the town should have no difficulty in stimulating a municipal ownership sentiment and have the good work carried on corn mercial clubs are all right but it Is often that they are operated all wrong than all right |