The cover image was created by the transcriber and is placed in the public domain.
RAILROADS
RATES AND REGULATION
BY THE SAME AUTHOR
RAILROADS
FINANCE AND ORGANIZATION
8vo. Pages xx + 638, with Index. $3.00 Net
TABLE OF CONTENTS
| CHAPTER | |
|---|---|
| I | Railroad Construction Finance. |
| II | Capital and Capitalization. |
| III | Railroad Securities: Capital Stock, etc. |
| IV | Railroad Securities: Mortgage Indebtedness, etc. |
| V | The Course of Market Prices. |
| VI | Speculation. |
| VII | Stock-Watering. |
| VIII | Stock-Watering (continued). |
| IX | State Regulation of Security Issues. |
| X | The Determination of Reasonable Rates. |
| XI | Physical Valuation: Reasonable Rates. |
| XII | Receivership and Reorganization. |
| XIII | Intercorporate Relations. |
| XIV | Combination: Eastern and Southern Systems. |
| XV | Railroad Combination in the West. |
| XVI | The Anthracite Coal Arrangement. |
| XVII | Dissolution under the Anti-Trust Law. |
| XVIII | Pooling and Inter-Railway Agreements. |
LONGMANS, GREEN, AND CO.
BY
WILLIAM Z. RIPLEY, PH.D.
Nathaniel Ropes Professor of Economics In Harvard University
WITH 41 MAPS AND DIAGRAMS
New Impression
LONGMANS, GREEN AND CO.
FOURTH AVENUE & 30TH STREET, NEW YORK
39 PATERNOSTER ROW, LONDON
BOMBAY, CALCUTTA, AND MADRAS
1916
COPYRIGHT, 1912, BY
LONGMANS, GREEN, AND CO.
Published, November, 1912
Reprinted, November, 1913
September, 1916
THE·PLIMPTON·PRESS
[W·D·O]
NORWOOD·MASS·U·S·A
This treatise is the outcome of a continuous personalinterest in railroads, practically coincident in point of time withthe period of active participation of the Federal governmentin their affairs. During these years, since 1887 when the Actto Regulate Commerce was passed, as the problem of publicregulation has gradually unfolded, opportunity has offereditself to me to view the subject from different angles. At theMassachusetts Institute of Technology, as instructor of embryoengineers in the economic aspects of their callings; in servicefor the United States Industrial Commission in 1900-01, intouch alike with government officials and, travelling all aboutthe country, with shippers and commercia