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Best general references: Quar. Jour. of Econ. Jan. '88 p. 184-185; Jan. '89 p. 177 et. seq.; Jan. '90, p. 158-171: Pol. Sci. Quart. Sep. '87, p. 374 et. seq.: Hadley, Ry. Transportation pp. 74-76, 91-97, 143-145; Interstate Commerce Commission Reports I: 307-312; II: 434 et. seq.; III: 394 et. seq.; IV: 351-358: Senate Reports 1st sess. 49th Cong. 1885-86, III part...
...Pooling is beneficial to the public.- (a) It tends to the stability and uniformity of rates: Quart. Jour. Econ. IV: 159, Jan. 1890.- (1) All railroad transactions are made public, thus eliminating (a) rebates, (b) rate-cutting, (c) discrimination, (d) underweighing, etc., all of which evils can only be practiced in secret.- (b) It tends to lower rates.- (1) Rates were lower in 1884 under pooling system than ever before, except during rate wars: N. Y. Ry. Commission Report of 1884, I: 77.- (c) It checks consolidation and monopoly.- (1) The powerful companies cannot, by cutting rates, ruin, and then...
...Beacon St., Boston.FINAL EXAMINATIONS. - Tutoring in Econ. X. Documents...
...Beacon St., Boston.FINAL EXAMINATIONS. - Tutoring in Econ. X. Documents...
...gold basis, the amount of money could not increase with the growth of population and business. - (x) Supply of gold is insufficient: Report of U. S. Monetary Commission of 1877, p. 15; Pol. Sci. Q. VIII, 211. - (2) Contraction of amount of money means lower prices: Mill, Pol. Econ., book III, ch. 8. - (b) Would injure the debtor class. - (1) They would have to pay in an appreciated currency: MacVane, Pol. Econ., 123. - (c) Would injure the farmers. - (1) Many of them are in debt. - (2) Price of their commodities lowered: Taussig, Silver Situation, 112-115. - (d) Would place dangerous...