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Railway Economics by HT Newcomb
Railway Economics by HT Newcomb
Hard Cover Stamp inside front cover, Name written on first page, very tiny piece missing from title page
152 pages
Copyright 1898
CONTENTS
I. Transportation7
Ii. Railway Service In The United States . . . . 12
Iii. Capitalization 17
Iv. Income And Expenditure 22
V. The Decline In Charges 27
Vi. Rates And Prices 33
Vii. Causes Of Tiie Decline In Charges 38
Viii. Competition Among Railways And The Decline In Charges 43
Ix. Competition Among Producers And The Decline In Charges 49
X. The Law Of Increasing Returns 55
Xi. Increasing Use Of Railway Facilities . . . 60
Xii. Socially Profitable Transportation . . 65
Xiii. How Socially Unprofitable Transportation May Occur 70
Xiv. Should The Business Of Railway Transportation Be Remunerative 75
Xv. Energy Expended On Joint Account 80
Xvi. Relatively Reasonable Rates . ..84
Xvii. Unjust Discrimination In General 89
Xviii. Unjust Discrimination Among Individuals . 93
Xix. Unjust Discrimination Among Places . . . 98
Xx. Charges For Long And Short Hauls 104
Xxi. Unjust Discrimination Among Commodities . 110
Xxii. The Present Adjustment Of Rates 115
Xxiii. Consolidation 120
Xxiv. Pooling Prior To I887 125
Xxv. Pooling Under Federal Supervision . . . 130
Xxvi. Pooling, Consolidation, Or Unjust Discrimination 134
Xxvii. Associations 138
Xxviii. Taxation 143
Xxix. Construction 148
PREFACE
THIS little work, originally prepared for serial publication in the RAILWAY WORLD, was intended to present the principal facts which establish the position of railway transportation in the present organization of industry in the United States, with only so much of comment and discussion as seemed absolutely necessary in order to define the relations among those facts. The present publication is due to the belief that while more extended treatment of some of the subjects than is here given is unquestionably desirable, a concise and untechnical statement may, in view of the necessities of the present situation, prove more generally serviceable than a larger and more ambitious work.
H. T. N. U. S. Department of Agriculture. WASHINGTON, October, 1898.
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