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
If the road were in debt, though it perhaps served the same
communities, it might be entitled to charge rates 50, or
possibly 100 per cent higher.... But over and beyond all
this the attempt to apply the rule suggested would be
absolutely futile for the reason that the rates prescribed
for one road would necessarily affect all others that either
directly or indirectly came in competition with it."
It is no exaggeration to say that the annual reports of the commission
stand unexcelled as dauntless, clear, concise and instructive public
documents. It may also be asserted that whatever success has so far
attended the Interstate Commerce Law, that success is in a great measure
due to the tact, courage and ability of the men who, in the past, have
been the guiding spirits of the commission.
Efforts will be made by railroad managers in the future, as they have
been made in the past, to weaken the commission by securing the
appointment of men servile to the railroad interest as members of that
body.
Mr. Depew says that "all railroad men are politicians, and active ones."
This is true as to manipulating managers and will continue to be so just
as long as we allow such extraordinary powers to be exercised by them.
The saloon men are politicians, and active ones. There is not a city or
town in this broad land that is not in danger of falling under their
sway unless their offensive efforts are resisted. The old United States
Bank managers were politicians, and active ones. They perverted the
trust reposed in their hands to such an extent that the indignation of
the people was aroused, and under the lead of a stern old patriot the
bank was swept out of existence. Shall we restrain corporation
management within proper limits and make corporations serve the public
welfare, or shall we let the abuses go on until the people, under the
lead of another Jackson, demand emphatically the application of some
remedy, for better or for worse? Perhaps Government ownership, perhaps
something else. Nations, like individuals, should profit by the
experience of the past.
The Interstate Commerce Commission, in their sixth annual report, say,
concerning the Interstate Commerce Law:
"It was scarcely possible that it should be so complete and
comprehensive at the outset as to require no alteration or
amendment. Those who are familiar with the practices which
obtained prior to the passage of this law, and contrast them
with the methods and conditions now existing, will accord to
the present statute great influence in the direction of
necessary reforms and a high degree of usefulness in
promoting the public interest.
Public-domain text, read in full here on John Shaqi.
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