Report of the Committee On Finance of the House of Representatives 33d General
Report of the Committee On Finance of the House of Representatives 33d General
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To quickly assess the difficulty of the text, read a short excerpt:
We are getting less on account of the competition.
Mr. Varnell — Well, wouldn't the rate of the railroad commission make a difference? A. Yes, sir, that would make a difference.
Q. How many pool contracts — or, about how r many pool contracts have you to-day with other railroads?
A. We have got pooling contracts with almost every crossing, to pool up the profits. I don't think the pooling matter is fully understood. The pools would not have been made except for the purpose of maintaining just a...nd reasonable rates to all shippers.
Q. Now, does the fact of extending these pooling contracts inter- fere with the gross earnings of the Illinois Central railroad?
A. It adds to them very largely.
Q. Instead of detracting from it?
A. Yes, sir. If it was merely that the east and west lines — now, the Ohio and Mississippi ; they have half the distance we have, and in making a low rate they would earn more money, and they would lose less, and they get us in the end — that is, the short haul whips the long one.
What to read after Report of the Committee On Finance of the House of Representatives 33d General?
You can find similar books in the "Read Also" column, or choose other free books by Illinois House of Representatives Committee On F to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
We are getting less on account of the competition.
Mr. Varnell — Well, wouldn't the rate of the railroad commission make a difference? A. Yes, sir, that would make a difference.
Q. How many pool contracts — or, about how r many pool contracts have you to-day with other railroads?
A. We have got pooling contracts with almost every crossing, to pool up the profits. I don't think the pooling matter is fully understood. The pools would not have been made except for the purpose of maintaining just a...nd reasonable rates to all shippers.
Q. Now, does the fact of extending these pooling contracts inter- fere with the gross earnings of the Illinois Central railroad?
A. It adds to them very largely.
Q. Instead of detracting from it?
A. Yes, sir. If it was merely that the east and west lines — now, the Ohio and Mississippi ; they have half the distance we have, and in making a low rate they would earn more money, and they would lose less, and they get us in the end — that is, the short haul whips the long one.
What to read after Report of the Committee On Finance of the House of Representatives 33d General?
You can find similar books in the "Read Also" column, or choose other free books by Illinois House of Representatives Committee On F to read onlineMoreLess
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