Railroads: Rates and RegulationsRipley, William Zebina
History
Railroads: Rates and Regulations
Ripley, William Zebina
Railroads -- Freight -- Rates -- United States; Railroads and state -- United States
Aside from rampant speculation, American railroad history during the
eighties must record various other economic events of importance.
The city of New York and the New York Central Railroad were at the
culmination of their relative importance in the export trade of the
country. The volume of eastbound tonnage was enormous in the early
eighties. In 1881, 2,500,000 tons of freight east bound were carried
by the New York Central alone, a figure surpassed in only two years
until 1896. Another event of importance was the general westward drift
of population and agriculture. This was accompanied by a corresponding
migration of manufactures inland from the Atlantic seaboard. The lines
from the Central West to the South, such as the Illinois Central and
the Cincinnati, New Orleans & Texas Pacific road, had formerly relied
almost entirely upon the carriage of grain or flour and packing-house
products from the farms of Ohio, Indiana, and Illinois to the
cotton-raising South. During the latter half of the eighties they
carried an ever increasing proportion of manufactured goods, such as
boots and shoes, clothing, wooden ware, harnesses and groceries,--in
fact everything denoted by the words general merchandise. More and more
the supplies of grain, flour and packing-house products were being
produced in Iowa, Nebraska, and Kansas, while larger quantities of
general merchandise originated in the Middle West. The result was a
need for new diagonal trunk lines from such points as Kansas City and
Omaha into the lower Mississippi valley. The decline of Cincinnati as a
great pork-packing centre dates from this time. Memphis and Vicksburg
derived a new importance at the junction of such lines as the Kansas
City, Memphis & Birmingham with the older Mississippi river roads. At
about this time, in 1889, also, occurred the opening of the Gulf ports
for the export of the surplus grain products of the territory west of
the Mississippi. The significance of this for the eastern trunk lines
did not appear until later; but the occurrence forms a part of that
westward trend of population above mentioned. These years were all
characterized by the increasing importance of long-distance through
business, as distinguished from mere local trade. The markets of the
country as a whole, the areas of commercial competition, were steadily
expanding. Viewed in a large way, it was doubtless this economic
phenomenon which at this time emphasized the need of centralized
Federal control, instead of state regulation, if control there were
to be. This found its expression in the passage by Congress of the
Interstate Commerce Act of 1887.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account