Australasian Democracy

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The danger is accentuated by the tendency to- wards State socialism, the origin of which I had begun to discuss before this long digression. The earliest concessions for the construction of railways were granted in New South Wales in 1848 and 1853, but the companies were unable to carry out their undertakings, owing to the scarcity of workmen caused by the rush to the goldfields, and the Government stepped in and completed the railways out of public funds. This assumption by the State of a func
...tion which had been delegated to private enterprise, coupled with the growing confidence of the British investor and the elasticity of the revenue, 250 SALIENT FEATURES OF THE both from the Customs and from the disposal of land, which had been accelerated by the rapid increase of population, appears to have convinced the political leaders of the advisability of the Govern- mental extension of the railway lines. They were enabled to carry out this policy without difficulty, as the bulk of the electors were engrossed in material pursuits and did not trouble themselves about political issues.

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