Restrictive Railway Legislation by Henry Stevens HainesRestrictive Railway Legislation by Henry Stevens Haines

Restrictive Railway Legislation

byHenry Stevens Haines

Paperback | January 7, 2012

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This historic book may have numerous typos, missing text, images, or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1905. Not illustrated. Excerpt: ... CHAPTER VII RATE-MAKING In entering upon a discussion of any complex question, we get a clearer comprehension of it if we first disentangle the abstract and permanent principles involved in it from the many transient aspects which it assumes as a concrete whole; and an intelligent comprehension of rate-making is furthered by a consideration of the theory apart from the practice. This is all the more important because rate-making has become the storm-centre of the railroad problem, the point of convergence of all arguments about State control of railroad corporations, and the point of divergence of all opinions with reference to it. The expounders of these arguments and opinions enter the forum from opposite sides; the advocates of State intervention from a study of the subject in the abstract, the advocates of the let-alone policy from the field of experience. It is a lining up of theory against practice, and, to begin with the principles, we will first take up the hypotheses of the theoretical rate-makers. It is assumed on both sides that a rate should be just and reasonable, and the first problem to be solved is what constitutes a just and reasonable rate. We may consider that by just rates is meant that there shall be no unjust discrimination, but what is the idea conveyed in speaking of a reasonable rate per se? It is maintained that transportation charges shall only result in reasonable returns upon the investment, but what shall be the standard of reasonable returns? Shall it be that of a reasonable return on the original cost of the property with subsequent expenditures for betterments; or upon an inventory of the property in its present condition with its value estimated at the cost to replace it at current prices for materials and wages; or at ...
Title:Restrictive Railway LegislationFormat:PaperbackDimensions:86 pages, 9.69 × 7.44 × 0.18 inPublished:January 7, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0217919537

ISBN - 13:9780217919531