The Railway Library, 1909: A Collection of Noteworthy Chapters, Addresses, and Papers Relating to Railways, Mostly Published During the Year
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The Railway Library, 1909: A Collection of Noteworthy Chapters, Addresses, and Papers Relating to Railways, Mostly Published During the Year
Railroads -- United States -- Periodicals
to the possible change which may follow on the part of other
railroads as a consequence of his reduction.
"It will, therefore, naturally be seen that the railroad
official and the shipper are constantly planning to increase
the business in which they are jointly interested, to the
disadvantage of the rival railroad and shipper. Sometimes
these efforts result in serious rate wars until the point in
controversy has been adjusted and the competitive rates placed
on a basis which is more nearly equitable to all concerned. In
many instances these disputes result in arbitration either by
the Interstate Commerce Commission or by individuals who may be
agreed upon by the contending interests.
"Bearing in mind, therefore, that practically all rate
reductions are the result of the effort of the railroad company
to serve the shipper, it can easily be seen what the result
will be if no advances in rates can be made without practically
the approval of the Interstate Commerce Commission. Where it is
difficult to restore rates to normal figures, the carrier will
be loath to reduce them in order that the shipper dependent
upon such carrier may increase, for the time being, his share
in the competitive traffic in which he is interested."
ADJUSTMENT OF RATES.--INTERRELATION OF RATES.--PRACTICAL OPERATION OF
AMENDMENT.
6. The subject of rate adjustment, even upon a single system of
transportation, is one involving great difficulty and perplexity.
When this adjustment is considered in its relation to the entire
country, to the diversified commercial conditions, as affected by
commercial competition, and as controlled by the interrelation of
rates, it stands forth as one of the most difficult of all the
problems which must be mastered that the transportation agencies
may not be injuriously crippled in the performance of their quasi
public functions, or the prosperity and development of the commercial
interests be retarded by the failure to enact proper, reasonable, and
just governmental regulations.
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