. Railway age . Antl-Tnisllaw may not be distant, and that certain forms of agreementsbetween rival carriers are likely to l<e legalized, in place of theridiculous outworklngs of our national doctrine of enforced com-petition as now construed. Just as the Sherman law has shownthe lengths to which coriwration legislation cannot profitably a certain direction, it may well be that the crop of li»07 lawswill point out some other legislative fallacies so clearly that weshall be delivered from them for another generation. Review of 1907 Annual Report*. The accompanying review Is Intended to
. Railway age . Antl-Tnisllaw may not be distant, and that certain forms of agreementsbetween rival carriers are likely to l<e legalized, in place of theridiculous outworklngs of our national doctrine of enforced com-petition as now construed. Just as the Sherman law has shownthe lengths to which coriwration legislation cannot profitably a certain direction, it may well be that the crop of li»07 lawswill point out some other legislative fallacies so clearly that weshall be delivered from them for another generation. Review of 1907 Annual Report*. The accompanying review Is Intended to supplement the generalstatement of the characteristics of the year printed in another col-umn, and to show by means of graphic diagrams some of the tenden-cies which have been particularly noteworthy. The diagrams themselves tell the story pretty well. The firstone, with 1899 as a base, shows the respective percentages of In-crease, year by year, of gross earnings, operating expenses and net /M^ /90S I90f /907. Fig. 1—Increases Per Cent, from 1899 Base. Seventeen Roads. time, and there is such a demand for acconiniodutious on outlmundships that freight has been refused in many cases to make roomfor the steerage passengers. This condition is rather unique andnot altogether harmful from an economic standpoint. Its directInfluence on the steamship business tends, of course, to make oper-ating profits very great, since steerage traffic is far and away themost profitable of all the ocean business at the present day. Thelnflu.\ of Immigration was very necessary to the extensive construc-tion work throughout the country during the last five or six years,and now that a very much smaller number of people can findemployment It is, on the whole, desirable that they should leavethe country, at least temporarily. The new state laws of the year have already been touched Comer, of Alabama, and his injunction-proof harassmentsthat were enjoined before the ink of his signature w
Size: 1875px × 1333px
Photo credit: © Reading Room 2020 / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., bookcentury1800, bookdecade1870, bookidrailwayage44, bookyear1870
