[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-325353-105":59,"doc-detail-325353-en":131},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":124,"head_meta":126,"extra_data":128,"updated_unix":130},105,"en","shall-the-state-of-new-york-go-into-the-water-power-business","Shall the State of New York Go into the Water Power Business?","","A critical business-focused rebuttal arguing that New York water-power policy should be grounded in thorough study, precise facts, and reliable data rather than political rhetoric. It challenges Governor Smith’s claims using specific examples, including legal terms regarding railroad charters, bridge obligations, and profitability reporting for state water-power projects. It also questions the vagueness of a proposed Water Power Authority program and lays out requested evidence before legislative action.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/shall-the-state-of-new-york-go-into-the-water-power-business/325353/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/shall-the-state-of-new-york-go-into-the-water-power-business/325353.png","ImageObject",300,407,{"name":92,"@type":93},"Hazel","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-30","2026-09-21",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",12,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"Why does Ogden L. Mills argue that water-power policy should be handled as a business issue?","Question",{"text":113,"@type":114},"He states that water power development is not a political matter but a business question, requiring thoroughness, accuracy, and support from dependable facts and figures.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"What example does he use to challenge the Governor’s “8 per cent for all time” claim?",{"text":118,"@type":114},"He discusses the Bear Mountain Bridge, contrasting the cited “forll time” preferred-stock framing with the actual legal reversion and takeover terms described in the text.",{"name":120,"@type":111,"acceptedAnswer":121},"What evidence does he say the Legislature should require before acting on the proposed Water Power Authority?",{"text":122,"@type":114},"He lists specific items: comparative costs of building and operating versus private enterprise, consumer benefits justifying abandoning private initiative, safeguards against exploitation, and the inadequacy of existing lease systems under the referenced laws.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},325353,1790467071,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":52,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":145,"preview_page_count":4},137441390410,"https://ap-avatar.wpscdn.com/avatar/2000252f4ab5702993?_k=1776741390130283984","97-84123-2Mills,Ogden Livingston  \nShall the state of N.Y.gointo the water power...  \n[S.I.]  \n[1927]  \n# COLUMBIA UNIVERSITY LIBRARIESPRESERVATION DIVISIONBIBLIOGRAPHIC MICROFORM TARGET\n\nORIGINAL MATERIAL AS FILMED-EXISTING BIBLIOGRAPHIC RECORD  \nw  \n308  \nZ  \nEiln,(gden Livingn1on,1884-1937.  \nBox 251  \nShall t.he state of New York co into the wnterpower business?An answer to Governor Smith'sspeecl of December 13,1926.Addrese of Opden I.Mills before .he Jewiah center fortr,3rcoklyn.January 10th,1927·19271t10j 2.23 cn.  \nC  \nr1D  \nRESTRICTIONS ON USE:  Reproductions may nof be made without permission from Columbia University Libraies.                     \n# TECHNICAL MICROFORM DATA\n\n35mmBEDUCTION BATIO:      /1./MAGE PLACEMENT:IA   IB B  \nFILM SIZE:              \nDATE FILMED:                    6127INITIALS:                    L  \nTBACKING\\#:                                                                                              23884  \nFILMED BY PRESERVATION RESOURCES,BETHLEHEM,PA.  \nbh he ren  \n# Shall the State of New YorkGo into the Water PowerBusiness?\n\n202251·  \nAn Answer to_Governor Smith's Speechof December 13,1926  \neAddres by Congressman OGDEN L.MILLSBefore the Jewish Center Forum,BrooklynJanuary 10th,1927  \nAA o341.9 3丁  \nSHALL THE STATE OF NEW YORK GO INTOTHE WATER POWER BUSINESS?  \nBy  \nOGDEN L.MILLS.  \nAM in complete accord with Governor Smith's statementthatwater power development is not a political but a businessquestion.Power policies,then,should be discussed withthe thoroughness and accuracy that characterize sound businessstatements rather than outlined in the glittering generalities com-mon to doubtful prospectuses.They should be based on adequatestudy and supported by facts and figures.These qualities andelements are lacking in this and the Governor's other statementson water power.He sketches but a bare and faint outline of whathe would have the State do,while the irrelevant matter which heinjects into the discussion and the many inaccuracies to be foundin his speech tend to confuse a problem that is peculiarly in needof clear thinking,based on reliable data.  \n工  \nWhat good purpose,for instance,can be served by comparinga999 year railroad charter with a 50 year lease in which the Statespecifcally reserves the right to recapture during the leasehold?  \nAgain,referring to the Bear Mountain Bridge,the Governorsaid:  \n\"Look at the Bear Mountain Bridge.There youhave an obligation for all time to come of 8 per centupon preferred stock.”  \nWhat are the facts?The law granting the privilege of construc-tion provides that the State may take over the bridge at fixedprices,at the end of every five year period;until,at the end ofthirty years,it reverts to the State without any payment whatso-ever.This is something very different from the enjoyment“forll time to come of 8 per cent.upon preferred stock.”  \nEven when he reports as to the State's own water poweractivities,Mr.Smith's statement would hardly satisfy the standarddemanded by Professor Ripley of corporate officers in reporting  \nto their stockholders.Referring to the State's two water powersat Vischer's Ferry and Crescent Dam,the Governor said:“Andwe are getting enough money from it to run the plant and give us10 per cent.return on what we pay for the machinery.”That isa somewhat disingenous statement.The Governor only men-tions machineryIf the costs of the dams are included in thetotal cost,instead of showing a 10 per cent.profit both of theseenterprises to-day would be showing a loss.The Governormodestly added,“We aren't such bad business men.”Maybe not,but I should not care to be a stockholder in a corporation whosepresident reported a 10 per cent.profit by the simple expedient oftaking into consideration only part of the investment,when,hadhe included the whole,he would have had to report an actual loss.  \nWhen he finally defines his program,the Governor is vague-ness itself.All we are told is that the Legislature is to create aWater Power Authority,","cbCaidWcnnhGktDJ","https://ap.wps.com/l/cbCaidWcnnhGktDJ","pdf",376826,"English","# Shall the State of New York Go into the Water Power Business?\n## Business vs political rhetoric\n## Critique of specific claims and calculations\n## Water Power Authority proposal and required evidence","[{\"question\":\"Why does Ogden L. Mills argue that water-power policy should be handled as a business issue?\",\"answer\":\"He states that water power development is not a political matter but a business question, requiring thoroughness, accuracy, and support from dependable facts and figures.\"},{\"question\":\"What example does he use to challenge the Governor’s “8 per cent for all time” claim?\",\"answer\":\"He discusses the Bear Mountain Bridge, contrasting the cited “forll time” preferred-stock framing with the actual legal reversion and takeover terms described in the text.\"},{\"question\":\"What evidence does he say the Legislature should require before acting on the proposed Water Power Authority?\",\"answer\":\"He lists specific items: comparative costs of building and operating versus private enterprise, consumer benefits justifying abandoning private initiative, safeguards against exploitation, and the inadequacy of existing lease systems under the referenced laws.\"}]","Shall the State of New York Go into the Water Power Business? | PDF",1789970305,25]