Government Ownership of Railways Considered As the Next Great Step in American Progress

Cover Government Ownership of Railways Considered As the Next Great Step in American Progress
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If the government owned roads, we cotdd take the public convenience into account.
Every reduction in freight has been fol- lowed by an unexpected increase in business.
Digitized by Google Freight Rates 145 A convincing example of this is found in the fact that a reduction of two or three cents a« bushel on the export freight rate for wheat is known to be necessary to keep up our large exports of that commodity. A recent radical reduction of rates in Denmark pro- duced an astonishing increase in
... business, and a very slight reduction in New Zealand has produced an tmexpected increase in the volume of traffic.
Just where the low point is can be ascer- tained by experiment only. Many people who would assent to all these propositions are afraid of a deficit. This objection will be met and answered in a later chapter, but it might be suggested here that the principles involved are being applied to many success- ful business affairs.
Every one knows that, in starting a great daily newspaper, as a rtde the owners carry a deficit for years in order to put the busi- ness as quickly as possible on a pajdng basis.


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