10,918

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indication to the contrary, either.

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I think it is important to remember that this was

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a virtual joint venture between government and private

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enterprise in the beginning when railroads were new,

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and no one could tell whether or not the corporation

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would end up as a money-making corporation or successful

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enterprise. It did. However, the State of Maryland

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got burned along the way, and the State of Maryland,

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for all intents and purposes, is out of the stock owning

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of the B&0 Railroad, and an exemption which was originally

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granted to spur initiative, and partly recognizing the

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fact that government was going to be a 50 per cent stock-

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holder, the facts justifying those exemptions have dis-

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appeared.

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I don't think that this was early welfare

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state by any means. I think this was an attempt to

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initiate and spur along a new undertaking.

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THE CHAIRMAN: Delegate Taylor.

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DELEGATE LLOYD TAYLOR: The welfare budget

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in the State of Maryland is over $30 million, or more,

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and of course I saw in the paper just yesterday that they