The Benefit of the Hepburn Law to the Banker Broker Shipper And the Public a
The Benefit of the Hepburn Law to the Banker Broker Shipper And the Public a
Charles Stedman Hanks
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Eighth. The investors in railroad securities. Ninth. The public, who in the last analysis pays all the bills. Each can demand that the Commission shall give a decision in reference to the reasonableness of any rate, and any one of these different factors can make a move on the checkerboard which will affect the interests of all the others. It is this phase of the law, that any one can now start the ball rolling, which the public is now only beginning to realize the significance of. Here, again,... the statistical reports of the Com- mission become an important element which every factor has to consider, for, unless these statistics are properly tabulated, no one can know what will be uncovered. Correct statistics are consequently as important to the railroads as to the banker, the stock broker, the shipper, 20 or the investor in railroad securities, for the complaint of a small shipper, if sustained by the Commission, is apt to become of vital im- portance to some railroad corporation, some banker or broker, or some investor in railroad securities, as the decision of the Commission may affect some large business proposition which is being formulated.
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