Railroads: Rates and RegulationsRipley, William Zebina
History
Railroads: Rates and Regulations
Ripley, William Zebina
Railroads -- Freight -- Rates -- United States; Railroads and state -- United States
"Mr. WICKER. I am speaking now of when I was a railroad man.
Here is quite a grain point in Iowa, where there are five or
six elevators. As a railroad man, I would try and hold all
those dealers on a 'level keel,' and give them all the same
tariff rate. But suppose there was a road five or six or eight
miles across the country, and those dealers should begin to
drop in on me every day or two and tell me that that road
across the country was reaching within a mile or two of our
station and drawing to itself all the grain. You might say that
it would be the just and right thing to do to give all the five
or six dealers at this station a special rate to meet that
competition through the country. But, as a railroad man, I can
accomplish the purpose better by picking out one good, smart,
live man, and, giving him a concession of three or four cents
a hundred, let him go there and scoop the business. I would
get the tonnage, and that is what I want. But if I give it to
the five it is known in a very short time. I can illustrate
that better by a story told by Mr. Vanderbilt when he and his
broker had a deal in stocks. The broker came in and said, 'Mr.
Vanderbilt, I would like to take in my friend John Smith.' Mr.
Vanderbilt said, 'Let us see how this will work. Here are you
and myself in this deal now. We take in John Smith; that makes
a hundred and eleven. I guess I won't do it.' When you take in
these people at the station on a private rebate you might as
well make it public and lose what you intend to accomplish. You
can take hold of one man and build him up at the expense of the
others, and the railroad will get the tonnage."
"SENATOR HARRIS. The effect is to build that one man up and
destroy the others?"
"Mr. WICKER. Yes, sir; but it accomplishes the purposes of the
road better than to build up the six."
Public-domain text, read in full here on John Shaqi.
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