Government Regulation of Railway Rates: A Study of the Experience of the United States, Germany, France, Austria-Hungary, Russia, and Australia

By Hugo Richard Meyer | Go to book overview

CHAPTER IV THE RECENT CANAL BILLS

IN the years 1880-90 the average sum received by the Prussian railways for carrying one ton of freight one mile declined 12.25 per cent,* and during the same time the general level of prices in Germany fell 2 per cent. In the years 1890-99 the per ton per mile railway charges and the general level of prices declined 3 per cent and 16 per cent respectively. It thus appears that there is no correspondence in Germany between the fall in rates and the fall in prices; and a comparison of Germany and the United States further reveals how little, relatively, the State railways of Prussia have done toward helping the country to adjust itself to the general and world-wide fall of prices. In Germany, for the whole period 1880-99, prices fell 17.6 per cent and railway charges fell 14.7 per cent. In the United States, on the other hand, prices fell 24.3 per cent and railway charges 41.7 per cent.

____________________
*
Zeitung des Vereins Deutscher Eisenbahnverwaltungen, March 9, 1901.
Quarterly Bulletin of the Bureau of Economic Research, July, 1900.

-93-

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