The heart of the railroad problem: The history of railway discrimination in the United States, the chief efforts at control and the remedies proposed, with hints from other countriesParsons, Frank
History
The heart of the railroad problem: The history of railway discrimination in the United States, the chief efforts at control and the remedies proposed, with hints from other countries
Parsons, Frank
Railroads -- Freight -- Rates -- United States; Railroads and state -- United States
Besides all this it may be possible to make the law so clear that the
courts cannot twist it out of shape, and the States might be got to pass
laws in complete harmony with the Federal statutes. Railroads and trusts
can be subjected to public inspection, and to the pressure of damage
suits, injunctions, and progressive taxation. If need be the public
could demand representation on the boards of direction of all the
railroads, or the traffic managers could be made public servants and
required, as receivers are now, to report semi-occasionally to the
Federal courts, and to State courts also, perhaps, with the power of
judicial removal in case of misconduct. There is a practical warrant for
demanding representation in the management of the roads, in the fact
that the franchises bestowed on them by the public represent a large
part, probably half, of their market values. The public is entitled, as
we have said, to be regarded as a partner in the railroads.
If after thorough trial, regulation proves insufficient or
unsatisfactory, public ownership remains.[417] The movement of thought
in that direction in the last few years is very remarkable. In whatever
way relief may come, whether by regulation or public ownership, _the
essential fact is the dominance of public interest over private interest
at the points where private departs from public interest, and the
essential instrumentality for the realization of this fact in a republic
is the actual, complete, and continuous control of the Government by the
people_.
Public-domain text, read in full here on John Shaqi.
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