The Railroads And the People
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In our eReader you can find the full English version of the book. Read The Railroads And the People 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 Railroads And the People
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One of the greatest difficulties in the way of so regulating rates as to limit each railway to a "fair return" is that railways differ as widely as individual men. Some roads are favorably, others unfavorably located. Some managements have great, and others only moderate foresight and ability, and others almost none. To limit the profits of the favorably located and well- managed railways to the current rate of interest would deprive them of the rewards of, and the incentive to, good management.... As rates on all competing roads must be the same, it would pre- vent weaker roads from earning any return, and bankrupt them. How is it possible that anyone can believe that such a policy would be just either to the strong or to the weak roads?
If one formed his opinion solely by following the discussions of railway rates, he would conclude that all the public wants is low rates, and that it is willing that the railroads should reduce the quality of their service indefinitely if this be accompanied by proportionate reduction in rates.
What to read after The Railroads And the People?
You can find similar books in the "Read Also" column, or choose other free books by E P Edward Payson Ripley to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
One of the greatest difficulties in the way of so regulating rates as to limit each railway to a "fair return" is that railways differ as widely as individual men. Some roads are favorably, others unfavorably located. Some managements have great, and others only moderate foresight and ability, and others almost none. To limit the profits of the favorably located and well- managed railways to the current rate of interest would deprive them of the rewards of, and the incentive to, good management.... As rates on all competing roads must be the same, it would pre- vent weaker roads from earning any return, and bankrupt them. How is it possible that anyone can believe that such a policy would be just either to the strong or to the weak roads?
If one formed his opinion solely by following the discussions of railway rates, he would conclude that all the public wants is low rates, and that it is willing that the railroads should reduce the quality of their service indefinitely if this be accompanied by proportionate reduction in rates.
What to read after The Railroads And the People?
You can find similar books in the "Read Also" column, or choose other free books by E P Edward Payson Ripley to read onlineMoreLess
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