. Extension of tenure of government control of railroads. Hearings before the Committee on Interstate Commerce, United States Senate, sixty-fifth Congress, third session, on the extension of time for relinquishment by the government of railroads to corporate ownership and control . over four times the average haul in NewSouth Wales. This makes it necessary to add three terminal ex-penses to the Texas rate. Using my minimum figures for terminalthe Texas rate is raised to cents per ton-mile and using my INTERSTATE AND FOREIGN TRANSPORTATION. 2225 average it is When we consider the f
. Extension of tenure of government control of railroads. Hearings before the Committee on Interstate Commerce, United States Senate, sixty-fifth Congress, third session, on the extension of time for relinquishment by the government of railroads to corporate ownership and control . over four times the average haul in NewSouth Wales. This makes it necessary to add three terminal ex-penses to the Texas rate. Using my minimum figures for terminalthe Texas rate is raised to cents per ton-mile and using my INTERSTATE AND FOREIGN TRANSPORTATION. 2225 average it is When we consider the further fact that thefreight density in Texas is more than two and one-seventh timesthat of New South Wales, the conclusion is uncontrovertible thatTexas is paying higher freight rates for the same service than NewSouth Wales. Add to this the fact that passenger fares in NewSouth Wales on a short 1-1-mile journey are less than half the Texasfares, and as the Australian roads are prosperous and the Texasroads in receiverships, you have a brilliant showing for Govern-ment ownership. The efficiency of Government railroad management in New SouthWales has been criticized because ton-mile figures were not were collected but not published because the rates were A map showing the rainfall in Australia. But in England private ownership does not even compile ton-mile sta-tistics. One road did it for a time, but has discontinued, and theEnglish freight rates are the highest in the world except the UnitedStates, and possibly Switzerland. The criticisms of private ownership are upon matters substantia]and of great importance. The criticisms of public ownership arerelatively trivial and unimportant. JAPAN. li is broadly claimed that Government ownership has been causedin each instance by some kind of a crisis. 1 do not think this ishistorically correct, and certainly it is not true as to Japan. The first 2226 INTERSTATE AND FOREIGN TRANSPORTATION. line was opened by the
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