Development of Transportation Systems in the United States Comprising a Compre

Cover Development of Transportation Systems in the United States Comprising a Compre
Development of Transportation Systems in the United States Comprising a Compre
J Luther John Luther Ringwalt
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The conditions were such that it was, in his opinion, not at all certain that the interests of the public and the cor- porations would not be best promoted by leaving the great principle of supply and demand to regulate the price of rail- road tr. Ansportation, the same as it does the commodities car- ried. If left to regulate itself, as does the question of rates on the high seas, only restricted to such reasonable limitations as the legislature had obvious authority to impose, and could safel...y provide, he had no doubt that the railroad tariffs would soon become as nearly uniform, and rates iis low throughout the country, as the cost of bridging and building, coupled with the amount of tonnage to be carried, would justify, commensu- rate with a fair return upon the capital invested in the roads. Under the comparatively unrestricted system existing in that state, he had found little or no dissatisfaction with the situa- tion, not a single complaint of discrimination having reached his office.

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