An Address On Interstate Railway Traffic At the Tenth Annual Meeting of the Nat
An Address On Interstate Railway Traffic At the Tenth Annual Meeting of the Nat
Simon Sterne
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And that is what railway men mean when they talk about charging what a thing will bear ; and that is what they mean when they say, we charge arbitrary rates because we have no competition ; and that is what they mean when they say that their rates go down by reason of competition, although they do not go down correspondingly to the changes that have taken place in prices in this country within the last eight or ten years. Excepting England, other countries have been exempted very INTERSTATE RAI...LWAY TRAFFIC. 13 largely from considering this so-called railway problem, because in those countries they never made the mistake that we and England did. They recognized the fact, in countries which we are pleased to call paternal in their nature, that the railway was a public highway ; and they either built the railways with governmental money and operated them for the benefit of the public at large, or in giving these charters they guarded the exercise of rights that flowed therefrom with such jealousy, that the railway was practi- cally and substantially at all times under governmental control.
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