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
roads would be built without having first passed the ordeal of a legal
injunction, and many a prospected road, though greatly needed, would
remain unbuilt because its promoters would be discouraged by the delay
and cost of litigation.
But while this author is perfectly willing to trust the Government with
the great responsibility of prohibiting the construction of proposed
roads, he is not willing to have it exercise the power to determine what
are reasonable rates. He tries to sustain his objection by the following
argument: "The fixing of rates upon a railroad is as delicate a process
as that of determining the pulse of a sick man. They cannot be
determined abstractly, or in advance of the wants of business, but must
be adjusted from hour to hour to conform to its fluctuations. Five
thousand men find active employment in the United States in connection
with the important duty of making rates. Each case requires particular
investigation and involves, in many instances, prolonged study and
research. The duty requires men of marked experience and capacity. They
and men like them are the silent, unseen power that moves great
enterprises of every nation. In the case of railroads we may enumerate
those having official positions, but the experts from whom the official
heads derive information and assistance cannot be classified. They
comprise a vast army of experienced and able men familiar with railway
traffic and quick to respond to its requirements. Such a body of men
could not be organized by a government, or, if organized, would rapidly
deteriorate under conditions so unfavorable for their support and
development. Whatever authority exercises the duty of fixing rates must
take up the subject in the same methodical way and, acting through
skilled agents, pursue its inquiries and determine its results with the
same experience, minute care and _conscientious regard_ for the
technical requirements of business that the railway companies observe.
No government can possess the facilities for perfecting so vast and
intricate an organization and at the same time render it responsive to
the public good. The labor is too great and the responsibility too
remote. It could not move with sufficient quickness to respond to the
actual requirements of trade, and too many restrictions would
necessarily govern its actions. For these and other equally important
reasons governments must always be satisfied to restrict their offices
in this direction."
Public-domain text, read in full here on John Shaqi.
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