Arbitrary Price-Making Through the Forms of Law; a Few Points Bearing Upon the Proper Limits of Governmental Supervision Or Interference in Railroad Transportation

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We soon become accustomed to modern facilities, accept them as a matter of course, and regard their usefulness with indifference. Not only so, but we be- come exacting and almost unreasonable in our demands upon them. The prairie farmer, who perhaps used his corn for fuel for lack of transportation and a market, soon forgets his experience and is dissatisfied with his present advantages. The railroad, which has doubled the value of his farm and products, and for the com- pletion of which he ard
...ently longed, soon becomes to him an offensive " monopoly." A hundred years ago it cost three dollars to trans- port a barrel of flour a hundred miles, and salt, which was a cent a pound at a seaport, often cost six cents at an inland market. A part of the price of all products is made up of their cost of carriage from the place where they are grown or manufactured. Often a slight voluntary decrease in transportation charges creates new business and enlarges that before estab- ARBITEAET PRICE-MAKING 13 lished a hundred-fold.

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