The Defects of the Interstate Commerce
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| Hersteller: | Forgotten Books (Stickney, A. B.) |
| Stand: | 2015-08-04 03:50:33 |
Produktbeschreibung
Excerpt from The Defects of the Interstate Commerce: An Address by A. B. Stickney, President of the Chicago Great Western Railway Company at a Meeting of the Washington Economic Society, in Washington, D. C., February 3, 1905 Prior to the enactment of the Interstate Commerce Law the Government exercised no supervision over interstate railway rates. The senate committee, which prepared and reported the bill, said "that this unrestricted policy had produced the lowest average rates known in the world, but that such rates had been attained at the cost of the most unwarranted discriminations in the collection of tolls, the effect of which had been to build up the strong at the expense of the weak, to give the large dealer an advantage over the small trader, and to throw the commerce of the country more and more into the hands of the few." In explaining the bill when introduced to the senate, the chairman of the committee said: "The provisions of the bill are based upon the theory that the paramount evil chargeable against the operation of the transportation system of the United States, as now conducted, is unjust discrimination between persons, places, commodities, or particular description of traffic. The underlying purpose and aim of the measure is the prevention of these discriminations." It is, therefore, evident that the prime purpose of the law was not to deplete the revenues of the companies by reducing the average rates, but to make the schedule of freight rates more equitable by reducing some rates which were too high, and increasing others which were too low, and by abolishing free passenger fares, and thereby preventing all kinds of unjust discriminations. As all the purposes of the law relate to the schedule of rates, and as none of the purposes can be accomplished without a schedule, it seems evident that the most serious defect in the law is its failure to authorize the commission to make a schedule of interstate rates. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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