The Railway Library, 1909: A Collection of Noteworthy Chapters, Addresses, and Papers Relating to Railways, Mostly Published During the Year
History
The Railway Library, 1909: A Collection of Noteworthy Chapters, Addresses, and Papers Relating to Railways, Mostly Published During the Year
Railroads -- United States -- Periodicals
In considering the foregoing the fact that the prices relate solely
to animals on farms should be borne in mind. They are doubtless
somewhat lower than for animals elsewhere located, but prices of the
latter have probably moved in the same direction and in about the
same extent.[H]
RAILWAY RATES IN 1897 AND AT PRESENT MEASURED IN MONEY.
Throughout the foregoing discussion reference has frequently been
made to what has been assumed to be a typical shipment, that is,
a fifteen-ton carload of fourth class freight transported between
Chicago and New York. The typical service rendered in moving this
shipment would have brought the railways gross receipts of $105.00,
in 1897 or in any of the intermediate years, and would bring the
same amount now. The period in question, however, has witnessed
many thousands of changes in railway rates on particular commodities
and between particular points, and, confining the discussion for
the present to the mere expression of rates in terms of money, it
is necessary to inquire whether the general level of all rates has
been raised or lowered and how far the change, if any is discovered,
has gone in either direction. Now, it is manifestly impossible to
correlate all rates in a single tabulation, and, giving to each its
proper weight in the determination of a final average, thus establish
definitely and with complete precision the relation between the money
rates of 1897 and those at the present time. The number of different
articles shipped and the great number of different points at which
each article may enter into the aggregate of traffic movement or
to which it may be destined, as well as the elusive character of
the factors which would indicate the relative weight properly to be
allowed to each separate rate, wholly preclude the adoption of such a
method. Fortunately, however, American railway accountants long ago
adopted a measure of traffic movement, which was later officially
sanctioned by its adoption for the same purpose by the Interstate
Commerce Commission, and which, when compared with the gross receipts
from freight service, results in an average that throws great light
upon the movement or absence of movement in the general level of the
rates charged. When the weight of any shipment, expressed in tons, is
multiplied by the distance which it is carried, expressed in miles,
the resulting product gives a measure of the service performed, in
units which are designated as "ton-miles." When the ton-miles (or
ton-mileage) of all shipments are aggregated the total represents
the sum of all services. The result of dividing the revenue from a
particular shipment by its ton-mileage is the average rate per ton
per mile for that shipment and if the sum representing the aggregate
gross receipts from all railway freight services is divided by the
aggregate ton-mileage of those services the quotient obtained is the
average ton-mile rate for all services. During the period from 1897
Public-domain text, read in full here on John Shaqi.
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