The Investors Review Vol 38

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Publisher : Forgotten Books
ISBN 13 : 9781391012803
Total Pages : 788 pages
Book Rating : 4.0/5 (128 download)

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Download or read book The Investors' Review, Vol. 38 written by and published by Forgotten Books. This book was released on 2018-09-13 with total page 788 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from The Investors' Review, Vol. 38: July 1, 1916 Of these vessels, 498, of a gross capacity of tons, ply on the Atlantic and Gulf coasts, and another 71, of tons capacity, are on the Pacific Coast, the remaining 69, representing gross tons, being upon the Great Lakes. It will be seen from this recital that unless there is a very large mercantile marine outside the railway companies, the United States is but poorly furnished with the means of trans port by sea. It therefore suffers in an aggravated degree from the difficulty which besets every country with a seaboard, and one of the motives for ordering this investigation was to find out whether railways own ing steam-ships took advantage of their water facilities to undercut rates, so as to hurt such railways as were not possessed of the 'same double-barrelled power, as it were. Apparently the Commissioners found out that water rates through the Panama Canal are from 50 to 60 per cent. Lower than the rail rate from coast to coast, and that, therefore, vessels using the Canal are competing really and effectively with the railroads. Leather alone, it seems, costs as much to go by water as by rail, and the greatest difference was on gin and whisky, upon which the rate was 60 cents by water and by rail. On agricultural products the water rate was almost uniformly 67 per cent. Less than by rail rate. This is only the first hint of what may become a most interesting problem, the problem, viz., whether an effective use of the Panama Ship Canal by a large domestically-owned United States tonnage will tend to permanently injure the cross-continent traflic of the great trunk railroads \ve see no reason why it should if the shipping is freed from existing disabilities and restrictions and the mixed ownership of ships and rail ways put under proper control. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.