Railroads: Rates and RegulationsRipley, William Zebina
History
Railroads: Rates and Regulations
Ripley, William Zebina
Railroads -- Freight -- Rates -- United States; Railroads and state -- United States
The freight service of the railroads of the United States, measured by
weight, in 1910, amounted to 1,026,000,000 tons. Only since 1899 when
the corresponding figure given by the Interstate Commerce Commission
was 501,000,000 tons, have accurate data been obtainable. This would
indicate a growth in ten years of about one hundred per cent. But
this figure takes no account of the distance each ton of freight
travels. This factor is included in what is known as ton mileage--that
is to say, the equivalent of the number of tons of freight carried
one mile. Obviously, so far as the amount of service rendered is
concerned, one ton carried a hundred miles is the equivalent of one
hundred tons transported one mile. Every carrier totalizes in this
way each ton of freight movement by multiplying it into the distance
transported. For the United States as a whole, this ton mileage in
1910 was 255,016,000,000--that is to say, the service rendered would
be represented by the carriage of that number of tons one mile.
The appended diagram shows the phenomenal rapidity with which this
transportation service has grown since 1899. The scale on the left hand
side of the chart serves this purpose. The right hand scale indicates
the miles of line in operation.
[Illustration: Relative Growth of Mileage and Traffic]
The rapid growth up to 1893 was suddenly interrupted by panic and
subsequent industrial depression lasting for about four years.
Recovery began in 1897, since which time the freight movement has
increased by leaps and bounds from about 95,000,000,000 ton miles
to 255,016,000,000 ton miles in 1910. It is obvious that the growth
of transportation in any country is bound to be more rapid than the
increase either in population or in wealth. It appears, indeed, almost
as if the volume of transportation in the United States increased
more nearly as the square of population than in direct proportion.
It has been estimated that we forward two and a half times as much
freight _per capita_ as some of the leading European countries like
France. Our domestic population from 1890 to 1910 increased about
fifty per cent. The railroad mileage grew at about the same rate. Yet
the freight service surpassed this rate of growth more than six times
over; and the passenger service augmented nearly as much. Both alike in
1910 were practically three times as great in volume as twenty years
before. The diagram on page 78 is intended to illustrate the relative
rapidity of this development. While population and mileage increased
about one half, the railroads in 1910 hauled the equivalent of three
times the volume of freight traffic handled in 1890. At the beginning
of this period, the railroads had to seek the freight. Now it appears
that traffic normally will seek the railroads. At times, even, as in
1906-1907, the railroads have actually sought to escape the flood of
business presented.
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