Report of the New York Commerce Commission, Volume 2J.B. Lyon, state printer, 1900 - Commerce |
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Common terms and phrases
amount Baltimore barges Boston Brooklyn Buffalo canal boats canal line cargo carry cars cent a bushel Central Railroad Company Chairman Champlain canal charge Chicago commerce Commission Commissioner Shayne Commissioner Smith competition connection consignee cost difference differential dividend dollars duly sworn Dykman East River Erie canal Erie Railroad expenses export extent Fairchild flour give grain handling International Elevating Company June 15 lake line Lehigh Valley Lehigh Valley Railroad lighter Lighterage Company load months Montreal Newport operating package freight paid pany Pennsylvania Railroad Philadelphia piers pig iron pool port Produce Exchange question rail reason rebate receipts received River road ship shipments shipper steamers storage testified as follows thing three cents tion to-day tonnage tons trade traffic understand vessels Welland canal West Shore Western Transit Company wheat York Central Railroad
Popular passages
Page 1907 - But we do not assume that the rates which are just to-day will be just indefinitely. They have become established by the force of circumstances, and they ought to give way if future circumstances shall be such as to render it right and proper. They constitute a temporary arrangement only ; equitable, as we think, for the present, but which may become inequitable before the lapse of any considerable time.
Page 1907 - It only remains for us to state that no evidence has been offered before us that the existing differentials are unjust, or that they operate to the prejudice of either of the Atlantic seaport cities. Differential rates have come into existence under the operation of competitive forces ; they bear some relation to relative distance and relative cost of service ; they recognize as we think the relative advantages of the several seaports ; and they are subordinate to the great principle which compels...
Page 1907 - ... give way if future circumstances shall be such as to render it right and proper. They constitute a temporary arrangement only ; equitable, as we think, for the present, but which may become inequitable before the lapse of any considerable time. Whenever they shall be found to operate unfairly, and to give a forced or unnatural direction to trade, and whenever it shall appear that they tend to deprive any one of the seaports affected by them of the proportion of business that would naturally come...
Page 1912 - This is not conclusive of what they might be in another year, but it is indicative of a general condition of things. Besides this advantage in the ocean freights the New York route has a further advantage in the somewhat greater expedition. If, therefore, the railroads to Baltimore and Philadelphia were to charge for the inland carriage the same that is charged to New York, they must do so with the certain result of losing their present participation in the export trade. They must, therefore, of...
Page 1907 - CONCLUSION. It only remains for us to state that no evidence has been offered before us that the existing differentials are unjust, or that they operate to the prejudice of either of the Atlantic seaport cities. Differential rates have come into existence under the operation of competitive forces ; they bear some relation to relative distance and relative cost of service ; they recognize as we think the relative advantages of the several seaports ; and they...
Page 1906 - ... be determined with many other things taken into the account, and can only be fully solved in the tests of competition. The general fact now is that distance does not determine railroad charges, and that where competition is most active it influences them the least. The distance principle does not, therefore, stand the test of competition, and so far as we can perceive, there is no possibility of establishing it except by subordinating competition altogether to it. But to do this would require...
Page 1397 - YOUNG, being duly sworn and examined, testified as follows : By the CHAIRMAN : Q. What is your full name ? — A.
Page 1905 - But the value of this advantage is a question that must be determined with many other things taken into the account, and can only be fully solved in the tests of competition. The general fact now is that distance does not determine railroad charges, and that where competition is most active it influences them the least. The distance principle does not, therefore, stand the test of competition, and so far as we can perceive, there is no possibility of establishing it except by subordinating competition...
Page 1912 - ... therefore, have an important bearing on the inland rates ; for if the ocean rates are greater from Baltimore to foreign ports than from New York to the same ports, the inland rates to Baltimore must necessarily be lower, or Baltimore will be excluded from the trade. Turning our attention, then, to the ocean freights, we find that during the year 1881, from Baltimore to Liverpool by steam and sail, they averaged nearly three cents per hundred pounds greater than from New York, and from Philadelphia...
Page 1252 - FRENCH, being duly sworn by the Chairman, testified as follows: By the Chairman: Q. What is your name?