You see upon this principle the whole question of the administration of any affair turns upon the question, Which will give the maximum efficiency? It is very easy to say, and it stirs the heart and produces cheering in crowded meetings to say, “Let everything be owned by all and controlled by all for the good of all,” and for the general purposes of a meeting it is quite possible to say that and nothing more. But if you sit down quietly by yourself afterwards and try and imagine things being “owned by all and controlled by all for the good of all,” you will presently arrive at the valuable discovery in social and political science that the phrase means nothing whatever. It is also very striking, on such rhetorical occasions, to oppose the private owner to the community or the state or the municipality, and to suppose all the vices of humanity concentrated in private ownership, and all the virtues of humanity concentrated in the community, but indeed that clear and striking contrast will not stand the rough-and-tumble of the workaday world. A little examination of the matter will make it clear that the contrast lies between private owners and public officials--you must have officials, because you can’t settle a railway time-table or make a bridge by public acclamation--and even there you will find it is not a simple question of the white against black order. Even in our state to-day there are few private owners who have absolute freedom to do what they like with their possessions, and there are few public officials who have not a certain freedom and a certain sense of proprietorship in their departments, and in fact, as distinguished from rhetoric, there is every possible gradation between the one thing and the other. We have to clear our minds of misleading terms in this affair. A clipped and regulated private ownership--a private company, for example, with completely published accounts, taxed dividends, with a public representative upon its board of directors and parliamentary powers--may be an infinitely more honest, efficient, and controllable public service than a badly elected or badly appointed board of governors of officials. We may--and I for one do--think that a number of public services, an increasing number of public services, can be best administered as public concerns. Most of us here to-night are, I believe, pretty advanced municipalizers. But it does not follow that we believe that any sort of representative or official body pitched into any sort of area is necessarily better than any sort of private control. The more we are disposed to municipalize, the more incumbent it is upon us to search out, study, and invent, and to work to develop the most efficient public bodies possible. And my case to-night is, that the existing local government bodies, your town councils, borough councils, urban district boards, and so forth, are, for the purposes of municipalization, far