. Review of reviews and world's work. lawas to limit the right of the commission to thedenunciation of a rate which they found to beunjust. In other words, the commission couldunmake rates, but it could not nuike them. Ex-perience has shown that the shipper who ischaiged an excessive rate or discriminatedagainst cannot easily enough secure justice. Therailroads have endeavored to keep before thepublic the view that theirs was private propertyin the ordinary sense, and that for the public toexercise the rate-making power would be as un-warrantable as it would be for the governmentto fix the pri
. Review of reviews and world's work. lawas to limit the right of the commission to thedenunciation of a rate which they found to beunjust. In other words, the commission couldunmake rates, but it could not nuike them. Ex-perience has shown that the shipper who ischaiged an excessive rate or discriminatedagainst cannot easily enough secure justice. Therailroads have endeavored to keep before thepublic the view that theirs was private propertyin the ordinary sense, and that for the public toexercise the rate-making power would be as un-warrantable as it would be for the governmentto fix the prices of articles, of food, or railroads are not private property in anysuch sense. The function of the common car-rier is a public one, and has always l)een inlaw held subject to public regulation. Theindividual or company engaged in the busi-ness of a common carrier should, of course, havefair compensation for services rendered, andshould not be thwarted in efforts to obtain areasonable dividend upon the capital actually. SENATOR ELKINS, OF WEST VIBGINIA. (Chairman of the Committee on Interstate Conimeroe.) HON. MARTIN A. KNAPP, OF NEW YORK. (Chairman of the Interstate Commerce Commission.) THE PROGRESS OF THE IVORLD. 13
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Keywords: ., bookcentury1800, bookdecade1890, bookpublishernewyo, bookyear1890
