Regulation of Railway Rates Hearings Before the Committee On Interstate Commerc
Regulation of Railway Rates Hearings Before the Committee On Interstate Commerc
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To quickly assess the difficulty of the text, read a short excerpt:
Do you consider that the subject of rate making by railroads is a matter requiring expert or technical knowledge, or a subject which can be passed upon by the ordinary layman without expert knowledge?
Mr. Bacon. Railroad men have recently testified that the making of rates is not a science.
Mr. Mann. If you will answer my question I will be very much obliged to you.
Mr. Bacon. Please repeat it.
30 PROPOSED AMENDMENT OF INTERSTATE-COMMERCE LAW.
Mr. INIann. I did not ask about railroad men, but I... asked for your opinion, Mr. Bacon. I answered that question by giving the oj)inion of rail- road traffic managers, which I fuUj^ coincide in.
Mr. Mann. You agree that it does not require — you state that it does not require an expert knowledge to make freight rates ?
Mr. Bacon. That is not exactly what I mean.
Mr. Mann. Won't you tell us just what you do mean on the subject.
Mr. Bacon. The matter of making rates is largely a matter of ex- periment and of development. Rates are made by traffic managers T>'ith the view to testing their correctness and their ])racticability, and as changes are found to be necessary in the workings of the business they are made, one after another, until finally a rate is reached which is found to be practicable and as satisfactory' as circumstances will permit.
What to read after Regulation of Railway Rates Hearings Before the Committee On Interstate Commerc?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress Senate Committee On Inte to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Do you consider that the subject of rate making by railroads is a matter requiring expert or technical knowledge, or a subject which can be passed upon by the ordinary layman without expert knowledge?
Mr. Bacon. Railroad men have recently testified that the making of rates is not a science.
Mr. Mann. If you will answer my question I will be very much obliged to you.
Mr. Bacon. Please repeat it.
30 PROPOSED AMENDMENT OF INTERSTATE-COMMERCE LAW.
Mr. INIann. I did not ask about railroad men, but I... asked for your opinion, Mr. Bacon. I answered that question by giving the oj)inion of rail- road traffic managers, which I fuUj^ coincide in.
Mr. Mann. You agree that it does not require — you state that it does not require an expert knowledge to make freight rates ?
Mr. Bacon. That is not exactly what I mean.
Mr. Mann. Won't you tell us just what you do mean on the subject.
Mr. Bacon. The matter of making rates is largely a matter of ex- periment and of development. Rates are made by traffic managers T>'ith the view to testing their correctness and their ])racticability, and as changes are found to be necessary in the workings of the business they are made, one after another, until finally a rate is reached which is found to be practicable and as satisfactory' as circumstances will permit.
What to read after Regulation of Railway Rates Hearings Before the Committee On Interstate Commerc?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress Senate Committee On Inte to read onlineMoreLess
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