Elements of Economics
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In our eReader you can find the full English version of the book. Read Elements of Economics 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 Elements of Economics
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Public Regulation of Railroads. — In 1887 was passed the Interstate Commerce Act. Its object was to compel the TRANSPORTATION 153 railroads to treat all alike. All discrimination was pro- hibited. The Interstate Commerce Commission, created by the act, has had its power increased by supplementary legislation and now has fairly complete control over the railroads.
Most of the states have commissions of their own with control over commerce within the state. Sometimes the state commissions have ac...ted contrary to sound economic policy and have hindered rather than helped the railroads.
Mr. Alfred P. Thorn, in an address* before the State Bar Association of Tennessee, showed some of the faults of the state commissions: "Three states have passed laws making it illegal for a carrier having repair shops in the state to send any of its equipment, which it is possible to repair there, out of the state for repairs in another state; fifteen states have attempted to secure preferred treatment of their state traffic, either by heavy penalties for delays or by prescrib- ing a minimum movement of fifty miles per day — one of these States imposing a fine of ten dollars per hour for the forbidden delay; twenty states have hours-of-service laws, varying from ten to sixteen hours; twenty states have full- crew laws; twenty-eight states have headlight laws, with varying requirements as to the character of the lights, and fourteen states have safety-appliance acts.
What to read after Elements of Economics?
You can find similar books in the "Read Also" column, or choose other free books by Fradenburgh, Adelbert Grant, 1868- [from Old Catalog] to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Public Regulation of Railroads. — In 1887 was passed the Interstate Commerce Act. Its object was to compel the TRANSPORTATION 153 railroads to treat all alike. All discrimination was pro- hibited. The Interstate Commerce Commission, created by the act, has had its power increased by supplementary legislation and now has fairly complete control over the railroads.
Most of the states have commissions of their own with control over commerce within the state. Sometimes the state commissions have ac...ted contrary to sound economic policy and have hindered rather than helped the railroads.
Mr. Alfred P. Thorn, in an address* before the State Bar Association of Tennessee, showed some of the faults of the state commissions: "Three states have passed laws making it illegal for a carrier having repair shops in the state to send any of its equipment, which it is possible to repair there, out of the state for repairs in another state; fifteen states have attempted to secure preferred treatment of their state traffic, either by heavy penalties for delays or by prescrib- ing a minimum movement of fifty miles per day — one of these States imposing a fine of ten dollars per hour for the forbidden delay; twenty states have hours-of-service laws, varying from ten to sixteen hours; twenty states have full- crew laws; twenty-eight states have headlight laws, with varying requirements as to the character of the lights, and fourteen states have safety-appliance acts.
What to read after Elements of Economics?
You can find similar books in the "Read Also" column, or choose other free books by Fradenburgh, Adelbert Grant, 1868- [from Old Catalog] to read onlineMoreLess
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