SALE OF THE RAILWAYS.

Evening Star, Issue 9119, 27 April 1893, Page 2

SALE OF THE RAILWAYS.

i,iv? n. ,*sV' ‘ ' Sm,—Both r ypur corresppndepts “Patna ’ ■ saving which would result to the colony by cot. I tun infaratod, exceed fliW.ML*# ” expects to be should . haw-nmde-Ake-aavfogi-aoooiJto his basis pjf tJ 4^’^00 i m ter^'4tf W a total : <» &eother |ide in suggesting £4#,odOais the annual gaM on abaßliof£fs,9«,(mv ; , , . It wU ifltewßt ypor oorpenwndcnts to kpov that it .ieTmote provable that the oSbhy Could get JGSjjOOO.ObO for the railway system, and X leave them to work out the net aw»*»al ivelief. r ,Pruparily, of course, the, sents £246,000 per annum: As regards the sariqg on the lofoer£U,ooo,oooi I Ihlnk the true sum lies, between, the £190,000 and suggested b/ “Ptttria” and “Pakeha”«£pretlMy. ‘ . ■ Asbf (interest in connection with tte subjeot.l crave space for the following pupping, from the ‘Review of Reviews’ for Januaty .The ' Economic ■ Journal'; for- Depeinter (says MrStCad) is one of the most Caiefmly-edited and elaborate periodicals of its kind published in this country; -It contains/several valuable papers, among which may ,he mentioned Mr W. M. Aoworth’s ‘ Survey of' the Working ofihe Government Railways in Democratic States/ the States in questiob heing those of Australia. Mr Ac worth says ‘ 1 It mqst be left to time to show whether Australian enpenence w3l.completely or only 1 partially confirm 1 the conclusions which the Italian Commission of lnqjurr drew from tho accmnukted eipcrienoe of Europe : thdt State management was at once more costly .and less ofiicienf; .tjuin private management; that politics would conwm, the railroad management, and that the railroad pmnagfcmcnl would corrupt politics. Should these conclusions be fully confirmed, we inayyet liVe to see tim-democracies of Australia following the example of Illinois and Indiana; cfPetmndvania And Georgia; of Massachusetts and Michigan; divesting themselves of their railipad property either Wy lease or sale ; resolving on the precedent .of Pennsylvania jhafc ’ “ transportation is to be regarded as a private enterprise and not sis a public function”; Or even, ; like Michigan, placing Oh iioofd in their' Statute Boohs Acts prohibiting their .Governments from intermeddling either with the construction or the operation of railways;. —I am, - etc,-, Aegus. Dunedin, Apfil 26.