Caption: Dedication - Transportation Building Dedication Addresses
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have arisen, but the most important seem to fall into five groups• Some fourteen or fifteen years ago T saw the possibilities of electric railroads, and my attention was directed to them from the operation of city lines. This brought up the first and very highly important question of financing. It was necessary to convince capital that the new and practicallv untried form of investment would be "orof itable Be- fore even the preliminary survey is undertaken provision must have-- been made for ample capital to carry on the work. The readiness with which money lends itself to any new project defends unon the prospects represented to investors for a reasonable return upon their investment, and the future st nterr>rise. Capital having been interested, the next importa step is t o secur and opera ted; ar the road legisl ion to enable the roads to be bu also to prevent unfair legislation when ual operation. ir" I mean legislation brought about by "destructi ve criticism 1. Bur densome restrictions m r imposed, u rider which o lectrici railway s are unable tO maintai the proper relations b earninge• and expenses, resultconsequence, iniferior C onstruet iv In order t 0 accomplish the Borvice for whioiv i t „.* J j a heir to anj1 company. ity of fvirnishing the j^blio wit constru< ited it became neoesa&ry
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