The Law Relating To The Interstate Commerce Commission The Sherman Anti Trust Act And The Bureau Of Corporations

Author : John Horatio Nelson
Publisher :
ISBN 13 : 9781331354604
Total Pages : 456 pages
Book Rating : 4.3/5 (546 download)

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Download or read book The Law Relating to the Interstate Commerce Commission written by John Horatio Nelson and published by . This book was released on 2015-07-13 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from The Law Relating to the Interstate Commerce Commission: Sherman Anti-Trust Act; Bureau of Corporations It will conduce to a clearer understanding of "The Act to Regulate Commerce" to give a brief outline of its general scope, with the object of fixing the rights which it was intended to conserve or create, the wrongs which it proposed to redress and the remedies which the Act established to accomplish the purposes which the lawmakers had in view. The causes which induced the enactment of the statute grew out of the use of railroads as the principal modern instrumentality of commerce. While shippers of merchandise are under no legal necessity to use railroads, they are so practically. The more valuable articles of traffic demand speedy and prompt movement, and the immense outlay of money required to build and maintain railroads, and the necessity of resorting, in securing the rights of way, to the power of eminent domain, in effect disable industrial merchants and shippers from themselves providing such means of carriage. From the very nature of the case, therefore, railroads are monopolies, and the evils that usually accompany monopolies soon began to show themselves and were the cause of loud complaints. The chief complaint of the public was that from the mode in which the carriers imposed their charges it resulted that the rates were unequal; that to make good the loss resulting from the favoritism shown to particular localities, persons, or classes of business, a greater burden was placed upon the remainder of the traffic; and that through the practical monopoly acquired by the railways over the transportation business of the country the shippers were largely at the mercy of the carriers, and that as a result the business of the community, in so far as the same depended upon the use of transportation facilities, was subjected to unequal and unreasonable burdens and exactions. 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.