ty impossible, 221
Does private ownership of land work injustice? 222
Fundamental difficulties in dealing with monopolies not
dependent on natural agents, 223
Why a remedy for their evils is essential, 224
The basis of the people's authority over these monopolies, 225
Government regulation with private management the only
feasible plan, 225.

XVI. PRACTICAL PLANS FOR THE CONTROL OF MONOPOLIES 227
Economists should unite on the principles already propounded, 227
Practical details a matter of opinion, 227
A plan for the equitable and permanent adjustment of the
railway problem, 228
The ownership and operation of the railways, 229
Their securities as investments and for use in connection
with the currency, 230
Readjustment of outstanding securities, 231
Lending the government's credit to private corporations, 232
How rates of fare and freight should be fixed, 233
How the incentive to economy is retained, 234
How to avoid strikes, 237
Principles to be observed in establishing government control
of monopolies, 238
Plans for the control of mineral monopolies, 238
State ownership with private operation, 239
Plans for controlling municipal monopolies, 240
The control of other monopolies, 244
The dangers of special legislation, 244
Government control of manufacturing enterprises not feasible, 245
Taking trusts within the pale of the law, 247
Enforcing publicity, 247
Enforcing non-discrimination, 248
Direct action to prevent extortion by the monopoly, 251
Potential competition to prevent extortion, 252
Reform of corporation laws, 254
The contrast between this plan for controlling trusts and
existing law, 255
Reductions in the