Documents Volume 3

Documents Volume 3

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1891 edition. Excerpt: ...forest to be converted into lumber. These are the purposes for which they are projected, and that they fulfill them is shown by the great anxiety to get a railroad built into a country, by the hearty welcome with which the first train is greeted, by the advance in value of the lands and town sites, etc. It follows that those who are the beneficiaries of this investment, should at least pay for the cost of operation and maintenance, as they would have to do if the property were their own. This includes the cost of administration and all other expenses. as well as those directly affected by train service, or what may be specifically called the cost of transportation. With reference to any particular road, this applies only to such" traflic as is solely dependent upon it, for if a certain locality or class of traffic has a choice between two or more railroads, opportunity is afforded for competition. The distinction. in this respect, between what is known as the local and as the copetitive or-through business, is that the local business of any railroad must pay suflicient toll, in the way of passenger and freight rates, to maintain that road, or be deprived of the necessary facilities which it affords, while the competitive business, not being dependent on it, may be diverted, as interest or other motive may direct. Here it is that the importance arises of knowing what it costs to transport any specific shipment--a knowledge important to the local shipper as well as to the railroad manager, for if the railroad company loses the profit on competitive business, the loss must be made good from the local traflic, at least to the extent necessary to the eflicient maintenance of the property. If the farmer, the miner, the lumberman, the...
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Product details

  • Paperback | 172 pages
  • 189 x 246 x 9mm | 318g
  • United States
  • English
  • black & white illustrations
  • 1236898745
  • 9781236898746