Railroads: Rates and Regulations

A comprehensive examination of American railroad economics and public regulation, combining empirical evidence with legal and financial analysis. It surveys construction finance, capitalization, securities and market behavior including speculation and stock-watering, and discusses state regulation of security issuance. It develops methods for determining reasonable freight rates through accounting, physical valuation, and case studies of receivership and reorganization. The work also analyzes intercorporate relations and system combinations, regional consolidation patterns, antitrust dissolution, pooling agreements, and the role of governmental authority in shaping transportation policy and pricing practices.