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.orgEditor's note · Context
Sherman critiques the reckless competition among railroad companies that harms their financial stability.
Share
More from John Sherman
Resolved, That the people who constitute the supreme power in the United States, should guard with jealous care the rights of the several states, as independent governments.
He took strong ground against the repeal of the Missouri Compromise, and in 1859 was a competitor with me for the position of speaker, but withdrew in my favor after the first ballot.
This power in the hands of a few is at this moment the disturbing element in many of our great industries.
Because it is framed upon the idea that it is the duty of the government, in imposing taxes, to do as little injury to the industry of the country as possible; that they are to be levied so as to extend a reasonable protection to all…
Other voices in this conversation
