National Consolidation of the Railways of the United States

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He can therefore render opinions up to a certain hmit almost without cost, except for stationery. So a railroad is a large fixed investment capable of furnishing transportation and nothing else.
^86 RAILWAYS OF THE UNITED STATES.
Up to certain limits it can always take additional busi- ness without cost, except for a very small amount of fuel. The money it receives for the new business above the small additional cost is all clear profit. It adds that much to the ability of the road to serve oth
...er patrons at low rates.
" It seems, indeed, to be unjust discrimination for a railroad to charge different rates for services that ap- parently cost it the same. It is discrimination, but when the value of the service is fairly considered, the injustice is but imaginary, and the results are beneficial even to those interests that seem to be discriminated against. " * Again he says: "Discriminations between places result from the fact that the same service has different values in different places.


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