Word: railroad
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Dates: during 1890-1899
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...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...
...Pooling is beneficial to the railroads.- (a) Railroads profit more on a uniform rate than a fluctuating rate of even higher average.- (1) Fluctuating rates cause fluctuating volume of traffic.- (i) Fluctuating volume of traffic incurs greater operating expenses than a uniform volume.- (ii) Uniform traffic causes capital to be constantly employed; no idleness or loss by interest.- (b) Rate wars following prohibition of pooling caused enormous decline of railroad property: Quar. Jour. Econ. Jan. '89, p. 178.- (c) Railroads themselves favor pooling...
Frederick Keffer Kelham of the class of eighty-eight, a young lawyer, was killed on the elevated railroad on Saturday. His body was picked up by the conductor of an uptown train in Fifty-third street, near the eighth avenue station, at 5.30 o'clock...
Yesterday afternoon at two o'clock the first and second elevens left the training table and went to New York by the three o'clock express on the New York and New England railroad. They will remain in New York over night and will go up the Hudson to West Point on a steamboat early this morning. After the game a special sleeping car will take them back to Boston. The game is expected to be a close one. Harvard's greatest hope is in playing a quick, snappy game such as has been practiced during the last week. West...
...varsity nine will play Newton Athletic Association on the new grounds of the club this afternoon at 3.30. The grounds can be reached either by electric cars from Harvard square or by train from the Columbus avenue station of the Boston and Albany railroad...