The Railroad Question: A historical and practical treatise on railroads, and remedies for their abusesLarrabee, William
History
The Railroad Question: A historical and practical treatise on railroads, and remedies for their abuses
Larrabee, William
Railroads; Railroads -- United States; Railroads and state -- United States
to the pool, or rather to such a road as the pool commissioner
designated as not having received its allotment. The success of this
pool from a railroad point of view made the trunk lines anxious to
organize a similar pool for the whole east-bound traffic. It was
proposed to control by such a combination the rates on all the
east-bound traffic of the Northwest, by making Chicago the pooling
center, fixing for it a schedule of rates and making the rates of all
the railroad centers in the West and Northwest dependent upon it. The
combination was to comprise more than forty companies, controlling over
25,000 miles of road. The scheme was tried for three months in 1878,
but proved a failure, owing to the fact that nearly all of the many
diverging interests sought their own advantage. The Eastern and Western
trunk line pools were, through the efforts of their commissioner,
successfully maintained, though even their harmony was occasionally
marred by a short war precipitated by such members as would think
themselves entitled to larger shares of the spoils. But a readjustment
would invariably follow, and the expenditures of the war would be taxed
up to the public.
After the failure of the gigantic Western pool which had been organized
under the protectorate of the trunk lines, the companies which had
composed it formed such local combinations as their individual interests
dictated. It is doubtful whether during the five years immediately
preceding the passage of the Interstate Commerce Law there was any
junction of two or more roads in the United States which, except during
the period of an occasional railroad war, had any competition in the
transportation business. As has been shown before, discriminations
without number were practiced between places and persons; goods were not
unfrequently carried at a loss; but the general public was, as a rule,
compelled to pay what the traffic would bear, or rather what the pooling
roads thought it could bear.
Public-domain text, read in full here on John Shaqi.
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