The Public Regulation of Railways

Excerpt from The Public Regulation of Railways

Having occupied the position of chairman of a legislative committee, entrusted with the preparation of legislation upon this subject, I was unable to find in convenient and accessible form a discussion of many of the difficulties which surround it.

Among a number of works examined, that of Professor Hadley entitled "Railroad Transportation" was found the most interesting and valuable. But even this - admirable as the treatise is - responds either inadequately or not at all to many inquiries which arise in the attempt to formulate legislation. In the four years which have elapsed since the publication of Mr. Hadley's work, much new light has been thrown upon the general question, and with its aid I have attempted in the following pages to make some suggestions of a practical character, upon a subject whose intricacies can only be appreciated by one who has attempted their solution.

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