. Book of the Royal blue . The Effect of Increased Freight Rates By EDWARD W. HARDEN From The Outlook, May 7, 1<»10. HE railways of the UnitedStates are receiving prac-tically the same moneyreturn for transportationservices today that theyreceived ten years and passenger rev-enues are practically the only commodityprices in which there has been no advancefrom the general level which prevailed a dec-ade ago. As the purchasing power of therailway-earned dollar has fallen off materiallyduring this period, the railways are, in fact,receiving a smaller compensation for theirservices
. Book of the Royal blue . The Effect of Increased Freight Rates By EDWARD W. HARDEN From The Outlook, May 7, 1<»10. HE railways of the UnitedStates are receiving prac-tically the same moneyreturn for transportationservices today that theyreceived ten years and passenger rev-enues are practically the only commodityprices in which there has been no advancefrom the general level which prevailed a dec-ade ago. As the purchasing power of therailway-earned dollar has fallen off materiallyduring this period, the railways are, in fact,receiving a smaller compensation for theirservices than at the beginning of the periodin question. There can be no question asto the fact of the higher cost of railwaylabor and supplies. The only question isas to the measure of the increase in the costof those articles which the railway mustpurchase from the money received by it forthe services it renders. In a previous article it was pointed outthat American railways are today paying onan average from 25 to 30 per cent morefor a days labor than they were at theresumption of the countrys general indus-trial activi
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Keywords: ., bookauthorbaltimoreandohiorailr, bookcentury1800, bookdecade1890
