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Organization, Correspondence, Transportation (Volume 2); Part I Business Organization

Organization, Correspondence, Transportation (Volume 2); Part I Business Organization


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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.1911 Excerpt: ... brought forward. The only railways belonging to the British Government are light railways in rural districts in the west of Ireland. 51. United States.--In the United States between 1830 and 1840, when railways began to be constructed, there was a slender accumulation of commercial capital and a relatively weak centralization of power in the hands of the Federal Government. The several states were jealous of their rights under the Constitution and, although the financial credit of the Federal Government stood high, there were strong political reasons why it should not embark in an experiment which might bring its interests into conflict with those of the several states. No individual state was at the time financially strong enough to undertake state railways on its own account, even if there had been any general desire that it should do so. The construction of railways thus fell to be carried out by the cooperation of two relatively weak powers--the power of private capital, on the one hand, and the power of state credit based upon state lands, on the other. The consolidation of the railways, irrespective of state boundaries, which has already, as we have seen, gone far, has greatly increased the difficulties of separate state ownership; and although the constitutional obstacles to Federal ownership of the railways may not be insuperable, an unusual combination of political and economic conditions would have to precede any serious attempt to transfer the administration of the railways to the nation. 52. The present situation.--The above historical recital shows that the railways were constructed by the state or left by it to private initiative for reasons connected with the political and economic circumstances of the time, rather than for reasons arising ou...


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Product Details
  • ISBN-13: 9781151185983
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 132
  • Spine Width: 7 mm
  • Width: 189 mm
  • ISBN-10: 1151185981
  • Publisher Date: 01 Feb 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 249 gr


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Organization, Correspondence, Transportation (Volume 2); Part I Business Organization
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