Compendium of Transportation Theories a Compilation of Essays Upon Transportati
Compendium of Transportation Theories a Compilation of Essays Upon Transportati
C C Charles Curtice Mccain
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Taken in the connection in which this is written the reverse of each word Jias been fully proven. You say elsewhere ' * the public cannot afford to do carriers an injustice " yet you do them great injustice by the repetition of such disproven intimations. You know that the railway charges of this country are the lowest in the world and that under the pools existing prior to 1887 railway freight charges were reduced. I proved this in a public letter addressed to you June 9, 1890. Apropos of rail...way charges in your own state, an English writer, W. M. Acworth, called attention in a volume published in 1891 to the results of unrestrained American railway competition as fol- lows: Let this one fact suffice. ' ' Between Chicago and Cairo, a distance of 365 miles, there are 22 railway companies whose lines cross that of the Illinois Cen- tral. Eighteen out of 22 passed into the hands of receivers since ] 1874. " REPLY TO THE HON. S. M. CULLOM. 93 All these railroad bankruptcies occurred while pooling was per- missible, and many of the insolvent companies were parties to pools.
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