The Political Economy And Business Management of the Railroad Syllabus of Lect

Cover The Political Economy And Business Management of the Railroad Syllabus of Lect
The Political Economy And Business Management of the Railroad Syllabus of Lect
Thomas F Moran
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The attempt to legislate for the shippers without regard to the railroads is as much of a mistake as the attempt to legislate for the railroads without regard to the shippers. " Hadley, 23.
1. The legislation of the early period was intended to encourage railroad building.
(a) General railroad laws.
(b) Subsidies.
2. Laws attempting to limit dividends have generally failed to accomplish their purpose. They have sometimes been an obstacle to the reduction of rates.
3. Early attempts at railway t
...axation were exceedingly crude. There was no fixed basis for assessment. "The difier- ence in the assessment of the New York Central and Hudson River Railroad, where for all the purposes that the road can be used, it is of the same value to the company, is $24, 000 per mile. " New York State Assessor's Report, 1873. (a) "There is a growing belief that the tax valua- ' tion should be based on earnings or earning capacity. " Hadley, 127.
4. Legislation to enforce railroad liability: (a) Accidents.


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