Address of the Union Republican Congressional Committee volume 2

Cover Address of the Union Republican Congressional Committee volume 2
Address of the Union Republican Congressional Committee volume 2
1867 1869 Republican Congressional Committee
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Ible to endeavor to get two golden eggs each day from his hen — the attempt to do so was denth to the hen.
Under favorable conditions, indeed, the carrier n)ay deuiand and receive more than a fair share of the profits of production. U here such is tiie case, when the State finds the producer makes but ten per cent. , while the carrier makes fifteen or twenty per cent. , it is very easy and perfectly legitimate for it to say to the company : "• Tlie work you do can be done for less money ; we wi
...ll pay you for your road what it will cost to build such another, or you may keep your rt>ad and we will build another. " 60 the people are not helpless against exorbitant cliarges.
On the contrary, if the people set the price, and set it too low, the consequences may be graver. The company has no op- tion. It must accept the price named or not run. Jf the rates named will af- ford a slight return on the capital, ex- isting companies uiay continue to run, but no more ca()ital will encounter like risks.


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