CARRIERS: Low-Fare Nolan

The late, great James Couzens of Michigan had two pet political ideas: Federal taxation of tax-free securities (which made up 98% of his $34,000,000 estate) and municipal ownership of Detroit's street railway. When U. S. Senator Couzens died in 1936, the bulk of his income was still free of taxes (and would still be today). But his municipal ownership idea had long since borne fruit.

Jim Couzens was mayor of Detroit in 1922 when the city bought Detroit United Railway (for $19,850,000). He was in the Senate, and Detroit Street Railways was running in the black when a husky onetime...

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