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Government Regulation of Railway Rates by Hugo Meyer Hard Cover 1906 A STUDY OF
Government Regulation of Railway Rates by Hugo Meyer Hard Cover 1906 A STUDY OF the experience of the United States, Germany, France, Austria - Hungary, Russia and Australia 486 pages indexed
PREFACE
This book presents the conclusions forced upon the author by a painstaking study of the railway question extending over some twelve years. That study began with an inquiry into the results of State industrial ventures in Australasia, which he took up with a strong bias in favor of State intervention in industry. As many of the most impressive lessons to be learned from the industrial experiments of the Australasian States arc connected with their management of railways, the author was naturally led to make comparisons with the railways of other countries, over which the various governments have exercised some measure of control. The net result has been the disclosure of such overwhelming proofs of the evils of State direction of industry, or interference with its natural course, that he has become firmly convinced of the unwisdom of government regulation of railways or their rates.
The book appears at the present time because of the possibility that Congress, influenced by the discontent that exists in some sections of the country because of the friction necessarily incident to the transaction of the complicated business of transportation, may be led to enact ill-considered laws granting dangerously enlarged power to the Interstate Commerce Commission. In the discussion of this radical departure from the regime of individualism and industrial freedom under which the United States has attained its crowning position in manufacture and commerce, too little attention has been paid to the lessons that might be learned from the experience of nations which have adopted, in greater or less degree, a policy of government control of transportation.
It seems imperative, therefore, that attention be called to the effect of such government control abroad, to the part which the railroads have played in the industrial development of this country, and particularly to the attitude of the Commission upon questions of railroad practice which are of fundamental importance in the shaping of our industrial future. A fair consideration of these facts and of the conditions under which the railroads must operate to secure their greatest efficiency compels the conclusion that, whatever evils now exist, none of them are at all commensurate with the harm which must result from bestowing the power to fix railway rates upon the Interstate Commerce Commission.
Under these conditions this book is published before the author has been able to carry out his plans for securing additional information, for bringing all statistics down to date and for a more careful arrangement of the materials already at hand. Further delay in publication might have made the book more complete in detail and more readable, but would not have modified the conclusions. The usefulness of the book must, however, depend far less upon form than substance; and the author hopes that the facts here presented may be of service in the present controversy.
The author desires to make acknowledgment of indebtedness to The Railway Age for permission to republish the chapters dealing with the experience of Austria-Hungary, Russia and Australia, which appeared originally as part of a series of articles in that journal between July 10 and October 9, 1903, and to The Railroad Gazelle for permission to include, in much extended form, an article on " Rate Making by Government," which was published in its issue of May 12, 1905.
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