Word: freight
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Dates: during 1910-1910
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Finally, they will not accomplish their end, as they will not encourage our merchant marine. They will foster great monopolies which will not give us enough more ships to be rightly called encouragement. Altogether, the net result of such a subsidy would be to raise freight rates, and not to encourage our merchant marine...
...Porter, the third speaker for the affirmative, first took up the question from the point of view of the results of a ship-subsidy system to our navy. Under such a system, fast lines and freight routes would provide ample auxiliaries in time of war. By subsidies our navy would be rendered efficient. Also, when it is considered that in the Boer War we lost $30,000,000 through withdrawals of British carriers from trade, the danger from a war between two foreign nations at present doing our carrying can be imagined. Furthermore, there is a direct financial benefit...
...Charles A. Prouty of the Interstate Commerce Commission gave a most enlightening lecture in Emerson A last evening on "The Freight Rate...
...Prouty explained how great and far reaching an effect the freight rate had upon the development of natural resources, the increase or restraint of trade and industry, and even upon the lines along which modern civilization shall advance. This may be shown by a concrete example. The rate from Chicago to New York is less than from intermediate points to either terminus. The result is that producers are forced to do business at railroad centres. A decision of the Commission to change this condition would alone do much in the interest of humanity by withdrawing the impediment to rural industrial...
...LECTURE. "The Freight Rate in Business and in Politics." Hon. Charles A. Prouty, of the Interstate Commerce Commission, Washington, D. C. Emerson...