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
Röll's Encyclopedia of Railroads for 1892 shows that in France
the average rate for all traffic for the year 1888 was for passengers
1.45 cents per mile, and for freight 1.14 cents per ton per kilometer,
and that the nation had also received by way of free or reduced rates on
Government business during that year benefits to the amount of
$59,000,000. Large reductions have been made during the past year in
passenger rates.
The General indulges in making the stereotyped railroad charge that "the
legislatures of several of the States have enacted laws to effect a
reduction of rates, the literal obedience to some of which would amount
to the practical confiscation of railway property."
The General or any of his friends cannot name a road that was ever
confiscated by legislation, or even seriously injured. It is a fact that
the very legislation of which railroad managers so bitterly complain has
had a beneficial influence on railroad earnings. Thus, in Iowa, where,
according to the testimony of railroad men, Grangerism has reigned
supreme during the past few years, railroad earnings increased between
1889 and 1892 from $37,000,000 to $44,000,000, or more than 18 per cent.
Still better results could have been secured if the railroad managers
had been in sympathy with the law. There is no doubt that they would
gladly suffer, or rather have their companies suffer, a loss of revenue,
if this would lead to a repeal of the laws and restore to them the power
to manipulate rates for their own purposes.
But the General comes to the main point of his article when he
complains against "the unreasonable requirements and restrictions of the
Interstate Commerce Law." He says:
"Principal among these are what is known as the 'long and
short haul clause,' which prohibits railway companies from
receiving any greater compensation in the aggregate for a
shorter than for a longer haul over the same line in the
same direction, the shorter being included within the longer
distance; and the anti-pooling clause, which prevents
railway companies from entering into any agreement with each
other for an apportionment of joint earnings."
If we carefully examine the railroad literature of the last four years,
we find that it has concentrated its efforts toward the creation of
public sentiment in favor of the repeal of these two clauses of the
Interstate Commerce Law. Railroad men are well aware of the fact that,
with these two clauses stricken out, the Interstate Commerce Law would
be practically valueless, and in clamoring for their repeal they evince
a persistency worthy of a better cause. The practices which these
clauses aim to prohibit cannot be defended upon any consideration of
justice and equity, and it is folly to expect the American people to
sacrifice their convictions of right to the selfish interest of a
comparatively small number of persons interested in the manipulation of
railroad stocks.
Public-domain text, read in full here on John Shaqi.
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