The book Railway Monopoly And Rate Regulation was written by author Robert James Mcfall Here you can read free online of Railway Monopoly And Rate Regulation book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Railway Monopoly And Rate Regulation a good or bad book?
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In fact we can for the present set this latter phase of the subject entirely aside. We want to know how far the regulating commissioners may go in principle in ex- tending the traffic or service of the railways by means of rate limitations without trenching on the rights of the companies, or, what will be shown to be the same thing, the abilities of the railways to supply the service. As already stated, this is a question of cost. It may very easily be that nearly one-half of the gross railway ...income goes to labor, as claimed by the Pennsylvania Railroad. But this element as well as that of fuel and other strictly running expenses must be taken out of the gross income before we arrive at the corporate income, the income on which the railways themselves live and grow in order that they may supply the service to their patrons. Such elements as labor must unquestionably be provided for, and, if we overlook the matter of more or less unavoidable wastes, we may hold that in so far as they affect the problem at issue their amount is no greater and no less than necessary.
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