Identifier: railroadfreight00mcph (find matches)
Title: Railroad freight rates in relation to the industry and commerce of the United States
Year: 1912 (1910s)
Authors: McPherson, Logan Grant, 1863-1925
Subjects: Interstate commerce Railroads
Publisher: New York, Holt
Contributing Library: Robarts - University of Toronto
Digitizing Sponsor: University of Toronto

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pital, Profits, Expenditures Compared in Agriculture,Manufactures and Railroads—Wages Similarly Com-pared 374 CHAPTER XXIV The Progressive Achievement of the Railroads Operating Revenues, Expenses, and Income of Railroads—Capitalization — Mileage and Equipment — Traffic —Ratios of Increase, 1875 to 1905—Intensive Growth—Progressive Efficiency—Over-capitalization and theInterstate Commerce Commissions Report on Inter-. corporate Relationships—Traffic Conditions as Ex-planatory of Popular Criticism—Problems in Demandof Future for Increase of Facilities—Probable In-crease in Capitalization 384 CHAPTER XXV Conclusion Lack of Precedent in Construction of Freight Rates—The Freight Rate Structure Complicated by Multi-plicity of Products and Manufacture—The Competitionfor Capital—Rate Criticism Coincident with Inter-state Traffic—Complaints of Conditions, 1886 and atPresent—The Existing Freight Rate Structure aResultant of Needs of Industry and Commerce . . 397
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■faggfg.111ini»<a»»i ■- -^^t I: I CHAPTER IINTRODUCTORY As we are told, even in the schoolbooks used by chil-dren, our present civilization could not have been at-tained except through the division of labor. In the typi-cal early community the tailor made the clothes, thecarpenter built the house, and the smith fashioned thetools, each with his own hands from material obtainednear by. Each exchanged his handiwork for the prod-uct of the other and with the farmer for the productof the soil. In time, perhaps, the tailor, the carpenter, thesmith, the other artisans of the community, and, likewise,the farmer, enlisted the help of one or more apprentices,or wage workers, as the case might be. Then it was not asimple exchange of the direct handiwork of one workmanfor the direct handiwork of another. The men employedby each artisan had to be supplied with portions of theproducts of the others. At a later stage the material usedby different crafts was brought from distant places, ofrailroadfreight00mcph

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