Paternalism Damned

Denouncing Government regulation by commission as a cancer which has eaten into the stability of the railway industry, L. F. Loree, president of the Delaware and Hudson Railroad, declared at a dinner celebrating the first centennial of an American railroad, that the ineffectiveness of such regulation has made railroading "no longer a business but a calamity." Not only the railroads are being destroyed, said Mr. Loree, but the nation's liberties and the foundations of justice are crumbling as well. He urged that regulation by Government agency be rescinded, and a new policy adopted.

" Has Russia no meaning for us ? " asked Mr. Loree. " Must we also suffer the nightmare of Utopian intoxication ? "