Organization Correspondence Transportation Part I Business Organization
Organization Correspondence Transportation Part I Business Organization
Lee Galloway
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The canal offers great advantages in a social sense. Like a road, the canal might be made free to all — the freight boat and the canoe might ply upon its waters J without interfering with one another. Apart from the proprietorship of the canal itself, no question of monop- oly need arise so long as the canal is open to anyone to move his boat upon it. Competition in freight rates is as natural on a canal as it is on a river or in a coasting service. Yet the region directly served by a canal is ...inevitably restricted and maintenance of a canal system involves a large investment of capital. Moreover, the speed attainable by a steamboat upon restricted waters with due regard to the safety of the banks is much less than that which the same steamboat might attain in the open sea. The question of paddle wheels and propel- lers versus the flanged railway wheel has been fought out and there can be no doubt of the victory of the latter.^ 11. Railways made possible colonization in the in- terior.
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