Report of Committee to Revise Codify And Prepare for Printing the By Laws And
Report of Committee to Revise Codify And Prepare for Printing the By Laws And
San Francisco Produce Exchange
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, whieh is, in brief, that railroad companies should b au - 16 enorized to legally enforce their working agreements with each other ; which is another way of legalizing pools and combinations entirely abrogating the principle of competition, and forcing the public to pay rates which will sustain our railway system upon its present inflated basis, or indeed any higher basis which railroad managers may see jit to establish. In the opinion of your com- mittee, not only should pools and combination...s be prohibited, but legislative action, both National and in all the States, cannot too soon be taken to pre- vent the further extension of stock watering in Railroad, Telegraph and other enterprises, which are public in their natnre, and which the public are obliged to use. Regarding Section 4, the wisdom of prohibiting the charging of more for a shorter than for a longer distance is disputed by railroad men, who allege that, in some cases, it would prevent the marketing of surplus products which must necessarily be carried at a very low rate, The railroad view of the ques- tion is illustrated by the case of the Marietta & Cincinnati Road which, in order to compete with the river route frequently carries from Parkersburg and Marietta to Cincinnati for half the sum it charges to intermediate stations.
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