PRIVATE VERSUS GOVERNMENT CONTROL
OF RAILROADS.

FORMING ONE OF THE TWELVE VOLUMES OF THE REVISED AND
ENLARGED EDITION OF

I'REATS OF RAILWAY GROWTH; LEGAL STATUS OF RAILROADS; THE BASIS
OF TARIFFS; DISCRIMINATION; THE INFLUENCES THAT DETERMINE
RATES BEYOND PRIVATE CONTROL; NATURE OF RAILWAY COM-

PETITION, ITS EXTENT AND UNIVERSALITY; INTEREST OF

CARRIER AND PATRON IDENTICAL; PECULIARITIES OF
GOVERNMENT SUPERVISION AND EXTENT TO
WHICH IT MAY BE ADVANTAGEOUSLY CARRIED.

VOLUME VIII.

NEW YORK AND CHICAGO:

THE WORLD RAILWAY PUBLISHING COMPANY

INTRODUCTION.

The object of this volume is to explain the principles that govern the traffic of railroads and assign the latter where it belongs with the other industries of the world. An understanding of these principles is necessary to the proper government of those who work for railroads.

The object of every intelligent, honest and patriotic man is the attainment of that which is best. What I have to say in regard to railway rates and government control is actuated by this desire. It is based on what is practicable and true; on what is attainable. If it runs counter to the opinions of the public, or of those to whom the public looks for information, I am sorry. I do not write from the standpoint of the railways, but from that of an observer and student; from the standpoint of one interested in the prosperity of his country, and believing in the intelligence and uprightness of his countrymen.

Much has been said and written about the Railway Problem. So far as rates are concerned there is no problem not known to every student