The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-07-09

nation should BE- laid ,sid. and the subject n
yr.rsn'si without prvposss-sion. uNs any Other
.H-a1Hruon ~ tar a. modern iadus
urlAi r.s'hod, sr- Concerned Ne may fairly az
taat tBr.r net result, have been ~ cheaper pro
aTcu1u aud thu, 90 pIac- more % the cornfoV''
- NE within reach % the people To
handle nc Immense through railroad business
u this country ny a host Of small and ISOLATED
lines would bs lust A. Imprscueable az Ia carr
un our commerce with forty "a different kinds
- money Jut.oudAuon appeared - nAmr
ally AMI - Inevitably the triple eHpanslon
engine di,pIsc~s that ~ an earlier type
The law making authority has nut,ered about
'r.s natural AMI necessary transformation much
a, a ry b4sfcs about a horse u can sting and
annoy. but {, neither hastens nor lmpedes the
progress Of the horse unless the nies thick
enough arl can bite hard enough TO bring him
90 halt IN ne ~Tort 10 drive them away.
% also happened curiou~ly enough that whle
I-g -.au,r upJirs we're forbidding consolidated
through one seI Of laws they were compelIinE
90 through another The assertion by the state
- control % the rate making power in the slightest
degree - once logically destroyed the posi-
u.l'y ~ competition The NORTHERN
securities company Wcnt out OF business What
has been The result what l. the difference
10 TIE owner, Of me proper ties merely the inoon
,ru.rps- ~ bold'nr tvp c~rthcstss ~ stock
% % 'rrrni ,ol1r, instead OF one aud Of keeping
tack Of NO different ssts ~ securities To the
public d,-rrcnyr a. al except that ~ has missed
the advantages whch the ,irpIer aud more busi
ue-. like plan a have secured
Two chapters are devoted to the
efforts To build UP rade with the Orient
and tn the destruction of that trade
which Mr. I'M ascTibes IN the main n
the ruling ct the Interstate Commerce
Commission that the railroad proper
tinn- ot the through steamship and rail
rates h. published and not departed
from w,thuu; notice. this lack of elias
ITCHY giving the maritime vessels oi
other countries an advantage IN that
they can instantly make the rates neCes-
-ary To- secure traffic 10 and from the
Orient II l. admitted that there were
other causes. among which are the ad-
vanClng price ~ wheat in the United
states and the restrictions upon the
construction and the manning Of ships
/ flying tho American flag.
\ chapter j. devoted To the reclAma-
ton and irrigation projects. in which
tho railroads took the lead and which
have transformed millions Of acres OF
the arid West The next chapter treats
oi inland waterways, deprecating inju-
diCiou- expenditures in this direction
\ series Of chapters asks fair play for
the railroads. and the book closes with a
plea for the conservation Of capital as
we'll as II the land
Mr.. HILL suggests that the following
table ~ increases might well he printed
on the letterheId of every man in pub
lie Office in the Tinted States:
Wealth 1910 70 ISo lie per cen, 100 10 io,
~ ger cent
Foreign trade 1870 to isoo. % per cen'. Isso 10
lans IS per cent.
Value Manufactured products. 1870 In isao
~ per cent lsSp 20 isna. 81 per cent
Set ordinary expenditures uni,ed States Gov
erru-er'. $50 To $50 u per cent $50 10 isOa
~ per cent
Expenditures thirty states. isaO-ao ,so sOi q
per cent