Excerpt from The Dangers of Municipal Trading This book discusses a question of great public concern on both sides of the Atlantic. Its aim is to give a brief history of Municipal Ownership (or Trading) in Great Britain, and to set out certain serious aspects of the municipal position in that country which have arisen consequent upon an indiscriminate pursuit of the system, with a view of indicating the probable effect of the extension of a similar method of conducting public utilities in the United States. This method is generally known in England as Municipal Trading and throughout this volume the two terms Municipal Ownership and Municipal Trading should be understood to mean one and the same thing. It has been recognized by thoughtful men that an attempt should be made to bring together, in a volume not too expansive or profound for popular reading, some of the facts and arguments used by the opponents of Municipal Trading in England. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.