And if you're seriously attempting to put over any
consolidation of that sort on our people, Mr. Daunt, I repeat that you
ought to be ashamed of yourself."
"And now you have heard him with your own ears," clamored the banker.
"What do you say to that, Mr. Corson?"
"All capitalization entails a fair compromise--values to be considered in
the light of new development," said the Senator. "Let's discuss the
proposition, Stewart."
"Discussion will only snarl us up. I'm stating the principle. You can't
compromise principle! I refuse to discuss."
"Have you gone crazy over this protection-of-the-people idea?" demanded
Corson, with heat.
"Maybe so! I'm not sure. I may be a little muddled. But I see a principle
ahead and I'm going straight at it, even though I may tread on some toes.
I believe that the opinion doesn't hold good, any longer, as a matter of
right, that because a man has secured a franchise, and his charter permits
him to build a dam across a river or the mouth of a lake, he is thereby
entitled to all the power and control and profit he can get from that
river or lake without return in direct payment on that power to the people
of the state. We know it's by constitutional law that the people own the
river and the lake.
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