Legislative Restriction on the Carrying Trade of the Railways of the State of New York: Viewed in Connection With Outside Competition; Addressed to ... City and State of New York (Classic Reprint) - Softcover

Inhaltsangabe

Excerpt from Legislative Restriction on the Carrying Trade of the Railways of the State of New York: Viewed in Connection With Outside Competition; Addressed to the Citizens of the City and State of New York

From the memorable struggle which, through the exertions of the indomitable Clinton, resulted in the construction of the Erie Canal, the people of the State of New York have in no instance been called upon to decide a graver question than that presented in the proposition to place legislative restrictions upon the carrying trade of our railways. Those who favor this policy argue that 1ailway competition works a two -fold injury to the State: that it promotes the farming, manufacturing and industrial interests of other States to the detliment of our own, and that it materially lessens the revenues of our canals. To remedy these evils they propose that the Legislature shall enact the pro rata freight bill of 1858, and reimpose tolls on the railroads. On the other hand it is contended that the pro posed measures would operate disastrously on the railroads, would increase the burthens of our agricultural and manufac turing interests by a still further increase of the cost of trans portation within our own State, would drive a large portion of the through traffic upon rival thoroughfares outside of the State, and hence would fail to benefit the canals. To under stand properly the comprehensiveness and momentousness of the Issue, let us, at the outset, survey our present commercial position as a State.

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