Equity Volume 9, Nos. 1-2

Equity Volume 9, Nos. 1-2

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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. 1907 edition. Excerpt: ...to the great profits of the road. They fear that this would encourage the people to demand a reduction in rates. The issuing of more stock conceals large profits by reducing the dividends on the entire body of For details concerning the terms upon which the mails are hauled by the railroads in other countries, see "The Railways, the Trusts, and the People." stock to a reasonable one. The people seldom realize that they have been burdened with a large amount of new stock to pay premiums on, the stock not representing new construction. This is "water." State Railroad Legislation. Back in the '8o's the oil men succeeded in getting from Congress some railroad legislation, which, however, proved futile for the purposes intended. The next demand for legislation on the transportation question came from the grangers, and their movement was absorbed into the populist movement of the 'go's, in which movement the transportation question was very prominent. But the railroads maintained a the-public-be-d--d attitude. The rate regulation legislation by Congress last year called attention anew to this constantly vital question. In the meantime state legislation affecting railroads was meager and unimportant until this year. The legislatures meeting this year have shown phenomenal interest in this question and courage in handling it, doubtless stimulated by the discussions in Congress last year. The following, clipped from the Philadelphia Public Ledger for March 30th, gives the progress of state railroad legislation up to the present time: TWO-CENT RATE PLAN IS COUNTRYWIDE. Many Legislatures Have Passed Maximum Passenger Fare Bills. FREIGHT REFORM, TOO. Vvestern and Southern Commonwealths Quick to Act--Status of Movement. special...show more

Product details

  • Paperback
  • 189 x 246 x 3mm | 100g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236855116
  • 9781236855114