Should Railroad Rates Be Raised An Affirmative Answer

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Should Railroad Rates Be Raised An Affirmative Answer
William a Hayes
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Ade- quate transportation facilities are indispensable to the prosperity of agriculture, manufacturing, min- ing, jobbing and other industries generally. Such facilities can be secured only by improving and extending existing lines; building new lines; pro- viding larger and more conveniently arranged ter- minals, warehouses, depots and additional locomo- tives and cars. These require vast sums of money, and to provide them there should be a further in- vestment within the next few years of fro...m five to seven billions of dollars. If the railroads are to keep up with the growth of the country in other respects, and if they are to afford the farmer, the manufacturer, the jobber and the shippers generally the facilities which these industries are demanding, and which all well-informed railroad men concede should be afforded, then the investment of addition- al capital must be encouraged. It is probable that there is not at present a large city in the country where the railroad facilities are sufficient to accom- modate the handling of traffic as promptly and as cheaply as it ought to be handled, and this is equally harmful to the shippers and to the railroads.

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