The Importance of Competition Between Railways
The Importance of Competition Between Railways
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In our eReader you can find the full English version of the book. Read The Importance of Competition Between Railways Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Importance of Competition Between Railways
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But those who had to do with the financial phase of the transportation situa- tion, as well as its physical needs, realized, as fortunately did those charged with the administration of the Nation's finances, that back of the chaotic condition, produced be- cause of the inability of some of the corpora- tions to perform their public service, loomed the great danger that all of the railroad corporations might become bankrupt and would not remain solvent if the demands made by the employees for ad...vances in wages were granted and permission to increase rates correspondingly was denied by the In- terstate Commerce Commission. Since then wages have been increased, but the increases in rates have not been sufficient, apparently, to leave many of the lines with income suffi- cient to induce investors to buy either the shares or bonds of the corporations owning such lines and to whom the railways must be returned under the present public policy. It is certain that wages will not be reduced until there is a corresponding decrease in the cost of living.
What to read after The Importance of Competition Between Railways?
You can find similar books in the "Read Also" column, or choose other free books by Edward Dudley Kenna to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
But those who had to do with the financial phase of the transportation situa- tion, as well as its physical needs, realized, as fortunately did those charged with the administration of the Nation's finances, that back of the chaotic condition, produced be- cause of the inability of some of the corpora- tions to perform their public service, loomed the great danger that all of the railroad corporations might become bankrupt and would not remain solvent if the demands made by the employees for ad...vances in wages were granted and permission to increase rates correspondingly was denied by the In- terstate Commerce Commission. Since then wages have been increased, but the increases in rates have not been sufficient, apparently, to leave many of the lines with income suffi- cient to induce investors to buy either the shares or bonds of the corporations owning such lines and to whom the railways must be returned under the present public policy. It is certain that wages will not be reduced until there is a corresponding decrease in the cost of living.
What to read after The Importance of Competition Between Railways?
You can find similar books in the "Read Also" column, or choose other free books by Edward Dudley Kenna to read onlineMoreLess
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