This book begins with a statement from President Roosevelt’s message to Congress on December 3, 1901, warning against legislation that would “interfere with the development and operation” of the railroads. Other introductory statements are from Samuel Spencer, calling for the prosecution and punishment of persons guilty of breaking the law but not indiscriminate public condemnation of all railroad officials; and from H. T. Newcomb, who gives background on the Esch-Townsend bill which gave the Interstate Commerce Commission the power to set railway rates. Newcomb states that the purpose of the book is to “demonstrate the gains that result to all producers and consumers from the free action of commercial forces in shipping and transportation, and the losses that result from unwise statutory restrictions.”
Collection
Library of Congress Manuscript Division
Creation Date
1905-07-08
Creator(s)
Newcomb, H. T. (Harry Turner), 1867-1944