On the record
The railroad companies have, for several years, competed with each other in a very improvident and reckless way, and are now, and have been for some time, carrying freight for less than cost.
Source
gutenberg.orgJohn Sherman: “The railroad companies have, for several years, competed with each other in a very improvident and reckless way, and are…”
Editor's note · Context
Sherman critiques the reckless competition among railroad companies that harms their financial stability.
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More from John Sherman
The events of the future are beyond the vision of mankind, but I hope our people will be content with internal growth, and avoid the complications of foreign acquisitions.
If my life is prolonged I will do all I can to add to the strength and prosperity of the United States, but nothing to extend its limits or to add new dangers by acquisition of foreign territory.
Our country, our whole country, and nothing but our country" has been the watchword and creed of my public life.
Though my grateful thanks are due to them and have been often expressed, yet I have felt, as they do, that my duty was to the whole country.
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