An Open Letter to the United States Senate Committee On Relations With Canada
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In our eReader you can find the full English version of the book. Read An Open Letter to the United States Senate Committee On Relations With Canada Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book An Open Letter to the United States Senate Committee On Relations With Canada
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Were the maintenance of this section accom- panied by any tangible advantages to the business world, to compensate for its disturbing and needlessly restrictive functions, I could watch with less misgiving what devel- opments might come. On tlie contrar)-, however, I feel bound to say that its theory is mischievous, the expression of its intent obscure, and its practical tendency is to im- pede American railroads in their efforts to retain American traffic as against their Canadian rivals. Furt...her than this, it checks railway enterprise in reaching out for new mar- kets in the interest of commerce, a check in itself hurtful as much to the public as to the railroads.
The Law Should Authorize Railroad Co-operatiox.
There is another matter of great importance regarding which I would suggest a change, if I should be asked for a further method of improving the position of American railroads. The fifth section of the Interstate Commerce Law provides : "That it shall be unlawful for any common carrier " subject to the provisions of this act to enter into any " contract, agreement or combination with any other com- " mon carrier or carriers for the pooling of freights of " different and competing railroads, or to divide between " them the aggregate or net proceeds of the earnings of "such railroads, or any portion thereof" Kxperience has shown that, when the word ''pool" was introduced into railroad parlance, a great mistake was made; for the public, careless of distinctions in a subject with which they are but slightly acquainted, at once sur- mised that a railway pool had some sort of affinity with a pool in stocks or a pool on a race track, wherein m\slcry, 40 chance and deceit were to be expected and were usual accessories.
What to read after An Open Letter to the United States Senate Committee On Relations With Canada?
You can find similar books in the "Read Also" column, or choose other free books by A N Towne to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Were the maintenance of this section accom- panied by any tangible advantages to the business world, to compensate for its disturbing and needlessly restrictive functions, I could watch with less misgiving what devel- opments might come. On tlie contrar)-, however, I feel bound to say that its theory is mischievous, the expression of its intent obscure, and its practical tendency is to im- pede American railroads in their efforts to retain American traffic as against their Canadian rivals. Furt...her than this, it checks railway enterprise in reaching out for new mar- kets in the interest of commerce, a check in itself hurtful as much to the public as to the railroads.
The Law Should Authorize Railroad Co-operatiox.
There is another matter of great importance regarding which I would suggest a change, if I should be asked for a further method of improving the position of American railroads. The fifth section of the Interstate Commerce Law provides : "That it shall be unlawful for any common carrier " subject to the provisions of this act to enter into any " contract, agreement or combination with any other com- " mon carrier or carriers for the pooling of freights of " different and competing railroads, or to divide between " them the aggregate or net proceeds of the earnings of "such railroads, or any portion thereof" Kxperience has shown that, when the word ''pool" was introduced into railroad parlance, a great mistake was made; for the public, careless of distinctions in a subject with which they are but slightly acquainted, at once sur- mised that a railway pool had some sort of affinity with a pool in stocks or a pool on a race track, wherein m\slcry, 40 chance and deceit were to be expected and were usual accessories.
What to read after An Open Letter to the United States Senate Committee On Relations With Canada?
You can find similar books in the "Read Also" column, or choose other free books by A N Towne to read onlineMoreLess
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