Show GREAT THEORY IF IT WEAKEN there are two sides to the picture ot of the public ownership of 0 public utilities one Is beautiful in rosy tints that show oodles of 0 dollars coming into the public purse then there Is the other side which is not so good it shows the oodles ot of dollars flowing outward seattle first saw the beautiful pie picture and bought the puget sound electrio electric railroad system tor for when it was too late it saw the oiher other side which carried no theories but just plain grim realities the seattle municipal railroad has caused the taxpayers just one big outlay after another even 10 cent fares cannot keep pace with the expenses it was so anxious to p purchase purchase the puget sound electric that in addition to the price it agreed to pay three fourths of the companas comp anys taxes tor for 1919 amounting to the taxes are still stil I 1 unpaid the courts have decided that the city la Is responsible tor for the de deb ts but must pay thorn thom out odthe of the ea earnings of the street railroad system and not out of 0 the general funds but there are no earnings so the treasurer ot of king county washington Is going to seize the plant ot of the puget sound power company which did not go to the city with the sale of 0 the street railroad system but which does su supply aply the juice to operate it until somebody pays the bill public ownership is a great theory it if it weaken |