RAILROADS RATES AND REGULATION _BY THE SAME AUTHOR_ RAILROADS FINANCE AND ORGANIZATION =8vo. Pages xx + 638, with Index. $3.00 Net= TABLE OF CONTENTS CHAPTER I Railroad Construction Finance. II Capital and Capitalization. III Railroad Securities: Capital Stock, etc. IV Railroad Securities: Mortgage Indebtedness, etc. V The Course of Market Prices. VI Speculation. VII Stock-Watering. VIII Stock-Watering (_continued_). IX State Regulation of Security Issues. X The Determination of Reasonable Rates. XI Physical Valuation: Reasonable Rates. XII Receivership and Reorganization. XIII Intercorporate Relations. XIV Combination: Eastern and Southern Systems. XV Railroad Combination in the West. XVI The Anthracite Coal Arrangement. XVII Dissolution under the Anti-Trust Law. XVIII Pooling and Inter-Railway Agreements. LONGMANS, GREEN, AND CO. RAILROADS RATES AND REGULATION BY WILLIAM Z. RIPLEY, PH.D. NATHANIEL ROPES PROFESSOR OF ECONOMICS IN HARVARD UNIVERSITY WITH 41 MAPS AND DIAGRAMS New Impression LONGMANS, GREEN AND CO. FOURTH AVENUE & 30TH STREET, NEW YORK 39 PATERNOSTER ROW, LONDON BOMBAY, CALCUTTA, AND MADRAS 1916 COPYRIGHT, 1912, BY LONGMANS, GREEN, AND CO. Published, November, 1912 Reprinted, November, 1913 September, 1916 THE·PLIMPTON·PRESS [W·D·O] NORWOOD·MASS·U·S·A PREFACE