Sayings And Writings About the Railways By Those Who Have Managed Them And Tho

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Sayings And Writings About the Railways By Those Who Have Managed Them And Tho
W C Green
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Frederick A. Delano.
Railroad companies are not entitled to a reasonable return on the value of the property used. They are 122 entitled only to what they can earn, be it much or little, by charging rates that are just, reasonable and undiscriminatory, the reasonableness of such rates being determined by commercial and competitive con- ditions and the value of the service to the shipper and to the railroad.
Rates adjusted on the value of the service principle, intelligently and fairly applied,
...are just alike tor the railroad and to the shipper.
The reasonableness of rates can only be determined by the facts bearing upon each particular case. Reasonableness of revenue is a legal fiction. Henry Fink.
The only just method of determining the reasonable- ness of transportation charges is to measure them by the services performed, and neither capitalization nor cost of railway construction, either as a matter of economics or practice, can have any controlling bearing on the fixing of any specific rate.


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