Railway Transportation Principles and Point of View By Sidney Miller Hard Cover

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Railway Transportation Principles and Point of View By Sidney Miller Hard Cover
 
Railway Transportation Principles and Point of View By Sidney Miller Hard Cover 1924, SECOND printing 1925  905 Pages
WITHIN a few years the railways of the United States will celebrate the close of their first century of public service; in 1830 the "Tom Thumb" made its historic journey. At the beginning of that period the railway faced tremendous obstacles in the shape of mechanical imperfections, public skepticism, and the opposition of rival interests; at its close the railway has won recognition as an invaluable aid to social and industrial progress. Yet, strange to say, the difficulties of this highly developed and essential agency are no less today than they were nearly a century ago-they are merely of a different nature. The "railway problem"-of which valuation, labor, rate of return, efficiency, and government regulation versus operation are but a few phases-is now no less important than it was in the days of the railway pioneer, nor is it less complex. Rather, because of the economic interdependence which has been the outgrowth, largely, of railway development, that question is of vital importance and presents unusual difficulties. The American public faces no problem today the solution of which is more important and the nature of which offers greater challenge to the best minds that can be enlisted in public behalf than this, which deals with our basic agency of transportation.
Democracies, like the individuals which compose them, have a quaint way of "locking the barn after the horse is stolen." Or, to put the matter another way, reliance is too often placed upon cure than prevention. And this has been no less true with respect to the railways than other undertakings. For almost a half-century, while the railway problem was developing, the public seemed ignorant of the possibility of conflict between its interests and those of private enterprise; when that conflict could be no longer ignored the public proceeded to deal with the "railway problem" with greater energy than judgment or statesmanship.

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