The Limitations of Governmental Regulation of the Railroads
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| Partner: | buecher.de |
| Hersteller: | Forgotten Books (Nimmo, Joseph) |
| Stand: | 2015-08-04 03:50:33 |
Produktbeschreibung
Excerpt from The Limitations of Governmental Regulation of the Railroads: An Argument Before the Committee on Interstate, and Foreign Commerce of the House of Representatives, March 9, 1894, and Before the Senate Committee on Interstate Commerce April 3, 1894 The committee met at 10:30 o´clock a. m. Present: Senators Gorman, Brice, Camden, Smith, Cullom, Wilson, Chandler, and Higgins. Statement Of Mr. Joseph Nimmo, Jr. Mr. Nimmo. Mr. Chairman and gentlemen: My subject is The Limitations of Governmental Regulation of the Railroads. In the attempt to prove to you that the interaction of commercial and industrial forces in this country has developed a natural law of railroad transportation, and that this law clearly defines the just limitations of Governmental regulation of the railroads, I shall confine myself as closely as possible to questions which now command the attention of Congress. It was conceded at the beginning that it is impossible to apply the time-honored rules of the free highway to an avenue of commerce whose pathway is no wider than the wheel of the vehicle which moves upon it. It also became manifest that every consideration of economy, of safety, and of commercial efficiency requires that the entire railroad establishment, including roadway and equipment, must be placed under one central ownership and control. But the country has been reluctant to accept the logic of other truths of even greater significance, which discriminate transportation on railroads from transportation on free highways of commerce. This is especially true in regard to joint traffic. Many of us can remember when a union railroad depot was a phenomenon. For years railroad managers regarded joint traffic as an entangling alliance, and the courts treated such traffic as in the nature of a partnership between corporations and as such ultra vires. 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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