The Railways and the Traders: A Sketch of the Railway Rates Question in Theory and Practice (Classic Reprint) - Hardcover

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Excerpt from The Railways and the Traders: A Sketch of the Railway Rates Question in Theory and Practice

From China to Peru - the statement is made in all literalness - the nations of the world have, after somewhat more than half a century's experience, finally decided either that their governments shall own and work their railways, or at least that in return for a generous measure of State support their railways shall accept an equally ample measure of State con trol. Two countries only are to be excepted - im portant exceptions without doubt, seeing that between them they contain half the railway mileage and half the railway capital of the world - the United Kingdom and the United States.

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