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Excerpt from Railway Rate Theories of the Interstate Commerce Commission Competition As A Factor In Rate Making; 1. Competition between carriers subject to and those not subject to the act to regulate commerce; 2. Competition between carriers subject to the act; 3. Competition between places or sections; 4.Export rates; 5. Competition between producers; 6. Competition to prevent a transportation monopoly; Class and sectional interests; 1. Domestic versus foreign producers; 2. Vested interests; Fair return on investment; 1. Development of the theory; 2. Rates in general; 3. Particular rates; General Summary And Conclusions; Essential points in a theory of government-regulated rates About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1915 edition. Excerpt: ... CHAPTER VI The Regulation Of Railway Rates The Rate-fixing Power Of The States The Eight Of Regulation Aside from the judicial enforcement of the commonlaw duties of public service corporations,1 railway-rate regulation has been applied in the first instance through the state legislatures and commissions and through the Interstate Commerce Commission. The primary problem was whether power was legally vested in the state legislatures to control the rates and charges of railway corporations. The question first arose in the so-called Granger cases,2 involving the validity of the Granger legislation explained in an earlier chapter. The validity of this legislation was upheld at every point. The first and most important of these Granger cases was Munn v. Illinois, decided in 1876. In this case the constitutionality of an Illinois statute fixing a maximum rate for the storage of grain in elevators in Chicago was involved. The plaintiff, who had been convicted and fined in the state courts for a violation of the statute, appealed to the federal courts on the ground that the enforcement of the statutory rate would constitute a violation of the Fourteenth Amendment to the Federal Constitution.3 The constitutionality of the statute was upheld by the Supreme Court, and the same legal principles were applied in the subsequent cases to railway rates. i The common-law duties of common carriers in many of their phases are treated in The. Law of Carriers by Ralph Merriam, a treatise in the course in Interstate Commerce and Railway Traffic. 2 Munn v. Illinois, 94 V. S. 113; C, B. & Q. R. R. Co. v. Iowa, 94 U. S. 155; Peik v. C. and N. W. Ry. Co., Lawrence v. Same, 94 U. S. 164; C, M. & St. C. R. R. Co. v. Ackley, 94 U. S. 179; Winona & St. Peter R. R....