The Express Gazette Volume 21 by Books Group - Bookswagon
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The Express Gazette Volume 21

The Express Gazette Volume 21


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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. 1896 Excerpt: ...famine, and a good surplus left for division among the employes. Now is the hour of repentance. Who will be the first? THE LIMITATION OF COMPETITION. IN making the following comments, the New York Journal of Commerce uses arguments that apply with equal and logical force to the express business: "There may be a number of good reasons for demanding the dissolution of the Joint Traffic Agreement of the trunk lines, but it sounds rather foolish to place among these the claim that the agreement constitutes a railroad trust and a combination in restraint of commerce. Everybody knows that unrestricted railroad competition tends to unsettle all business. When rates are demoralized, manufacturers and shippers do not know how to regulate their own business. They do not know how to treat with their customers. Stability is of great importance to the business interests of the country. The Senate Committee of 1886 found that the more competition there was among the railroads, the less chance there was for free competition in the sale of the products which they carried. Secret cutting of rates and sudden fluctuations were demoralizing to all business except that of a purely speculative character. "The Joint Traffic Agreement does not constitute a pool, but it does provide for the strict adhesion by every railroad in it to the published rates. On its success in doing this must depend its right to exist. In railroad business, the danger of monopoly lies in the direction of general bankruptcy, not in that of prosperity. For the better a railroad pays, the more likely it is to have a rival; and the more bankrupt railroads there are, the more certain it is that, eventually, a single ownership will be reached which is able to dictate its own terms. "Cut-throat c...


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Product Details
  • ISBN-13: 9781130240740
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 344
  • Spine Width: 18 mm
  • Width: 189 mm
  • ISBN-10: 1130240746
  • Publisher Date: 01 Mar 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 617 gr


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