Word: ry
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Dates: during 1890-1899
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Best general references: Quar. Jour. of Econ. Jan. '88 p. 184-185; Jan. '89 p. 177 et. seq.; Jan. '90, p. 158-171: Pol. Sci. Quart. Sep. '87, p. 374 et. seq.: Hadley, Ry. Transportation pp. 74-76, 91-97, 143-145; Interstate Commerce Commission Reports I: 307-312; II: 434 et. seq.; III: 394 et. seq.; IV: 351-358: Senate Reports 1st sess. 49th Cong. 1885-86, III part...
...made public, thus eliminating (a) rebates, (b) rate-cutting, (c) discrimination, (d) underweighing, etc., all of which evils can only be practiced in secret.- (b) It tends to lower rates.- (1) Rates were lower in 1884 under pooling system than ever before, except during rate wars: N. Y. Ry. Commission Report of 1884, I: 77.- (c) It checks consolidation and monopoly.- (1) The powerful companies cannot, by cutting rates, ruin, and then absorb, the smaller roads: Pol. Sci. Quar. '87, p. 388.- (d) It tends to lessen the construction of parallel lines.- (1) New roads, obtaining only a fair share...
...Pooling would entail great legal difficulties.- (a) Pooling is contrary to Common, Statute and Corporation Law; Redfield, "Law of Corporations"; Texas and Pac. Ry. Co.; 41 La. Ann. 970; 40 Am. and Eng. R. Cas. 475; Stanton V. Allen, 5 Den, (N. Y.) 434; N. Y. R. R. Com. Rep., 1885, p. 77.- (b) Pooling would lead to law-suits between Railroads: ibid.- (c) Pooling increases freight rates beyond statutory limits; Rorer on Inter-State Corporation...
Ryerson Phys. Lab'ry, 175x75...
...ry...