Interstate and Foreign Transportation; Hearings Before the Joint Committee on Interstate and Foreign Commerce, Congress of the United States, Sixty-Fifth Congress, Second Session, Pursuant to Public J. Res. 25, a Joint Volume 13

Interstate and Foreign Transportation; Hearings Before the Joint Committee on Interstate and Foreign Commerce, Congress of the United States, Sixty-Fifth Congress, Second Session, Pursuant to Public J. Res. 25, a Joint Volume 13

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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. 1918 edition. Excerpt: ...She did not consult me about it. Mr. WETRICK. Suppose we consult the intermountain fellows and say to Spokane that after the water competition returns to the coast--suppose the railroads say to the people of Spokane: "Now. water competition is taking a million tcns a year away from us at Seattle, or at Puget Sound cities; now, we are carrying none of that traffic, and therefore we are losing whatever we can make on it," and the railroads say to the people of Spokane, " Now, then. if you will cease your objection to our making a low enough rate to carry some of that traflic to Seattle, we will make a low rate and engage in that trafiic and make what we can on it, and we can continue to serve you, but if you do not permit us to do that, we can not operate and make a reasonable return on our property, and we will be forced to raise your rate. Now, what do you want us to do?" Suppose that is the situation; is there any question what Spokane would say'! The VICE CHAIRMAN. If the landlady did not make anything on the boarding business, what would she lose by giving it up entirely? What is the use of fooling with it? Mr. WETRICK. I have assumed all the time, Mr. Adamson, that they do make some profit on the terminal business. The VICE CHAIRMAN. Oh, they simply comply with the rule of the courts by saying it does pay the out-of-pocket cost and something. Mr. WETRICK. And more than that, what reason would there be for the carriers to engage in it if there was not something in it? The V ICE CHAIRMAN. If it pays more than cost, how much more than cost do the intermountain rates pay? Do they not pay an abnormal profit? Mr. VVi: 'i'RicK. The question of determining exactly what profit is made is, of course, a...show more

Product details

  • Paperback | 486 pages
  • 189 x 246 x 25mm | 862g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236811968
  • 9781236811967