The Science of Finance; An Investigation of Public Expenditures and Public Revenues

The Science of Finance; An Investigation of Public Expenditures and Public Revenues

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1898 edition. Excerpt: ... both territorial and municipal, while they may permit more freedom to the desire for a commercial profit, are acknowledged to be industries in which social considerations properly influence all questions of development and administration. (a) The Post-office.--The rule for regulating postal rates seems to be pretty well established, and, allowance being made for slight modifications to meet the variety of social and political opinions entertained, to be generally followed by civilized nations. It may be expressed as follows: the aggregate of receipts must cover the aggregate of cost; but in the attainment of this result greater regard should be had to volume of service rendered than to the charge upon the unit of service. Postal charges present three peculiarities: In the first place, rates are remarkably low; two cents, for example, for the collection, transportation, and delivery of a letter. In the second place, the charge is uniform irrespective of distance; in the United States, for example, two cents is asked whether a letter is carried three miles or three thousand miles. Involved in this uniformity of price is the significant result that the profit accruing to the service in a densely populated portion of the country is used to cover the deficit which arises on account of rendering a similar service in portions of the country more sparsely settled. Thus the excess over cost in New York and Ohio goes to pay part of the cost for Kansas and Colorado. The third peculiarity in postal charges is that the classification of packages to which the schedule of uniform rates is applied is determined rather with a view to protect the service against unduly heavy packages than for the purpose of harmonizing the charge with the cost. Not only is the...show more

Product details

  • Paperback | 210 pages
  • 189 x 246 x 11mm | 386g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236584252
  • 9781236584250