The advantages of this arrangement over its predecessor are undeniable.
The consolidation of effort, the reduction in the number of separate
express agencies, the minimizing of accounting, the simplification of
management, the pooling of equipment and facilities,--these
administrative reforms should result in a marked decrease in relative
operating expenses. The transfer of control from a moneyed group--or
rather from three moneyed groups--interested primarily in private
profits to a public official seeking only service to the public, this
similarly is a definite achievement. The limitation of the capital
stock to the actual cash value of the property and the fixing of the
dividends on that stock at a nominal rate, these again are as notable
gains in the realm of the express service as the profit-sharing
arrangement between the Government and the private companies.