Governmental Ownership The Alternative Of Governmental Rate Making

Author : Joseph Nimmo, Jr.
Publisher : Forgotten Books
ISBN 13 : 9781332612437
Total Pages : 26 pages
Book Rating : 4.6/5 (124 download)

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Download or read book Governmental Ownership, the Alternative of Governmental Rate-Making written by Joseph Nimmo, Jr. and published by Forgotten Books. This book was released on 2016-06-21 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Governmental Ownership, the Alternative of Governmental Rate-Making: The Impracticability and Revolutionary Character of the Entire Scheme Michigan. - Soon after the admission of Michigan into the Union, in 1836, the State government entered upon a scheme of railroad construction and operation, aided by a large land grant from Congress for internal improvements. This scheme embraced the Michigan Central Railroad, the Michigan Southern Railroad, and other lines. The im practicability of the scheme was soon developed. In 1846 the Michigan Central was sold to a private corporation formed by Boston capitalists. The sale of the Michigan Southern followed soon afterwards, and in the year 1850 the people of Michigan incorporated into their constitution a provision which forever inhibits the State from being interested in or engaged in carrying on any work of inter nal improvement. Thus did the people of Michigan ex press, as the result of practical experience, their conviction that the work of transportation, as well as the maintenance of a railroad, must be remitted to private enterprise, and that it cannot be treated as a public function. 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.