Abstract

Editorials
August 14, 1920 issue

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The article focuses on the increase in freight rate and passenger fare. The treatment of transportation as a private, profit-making business, rather than a public service, and the inefficiency and waste incident to monopoly power and reliance on a government guarantee for profits, bid fair to impose a crushing burden on the consuming public and to have an injurious, possibly calamitous, effect on industry. Transportation and credit control the life of a people. Cheap, efficient, and orderly organization of the transportation agencies lies at the basis of production, distribution, and exchange.

See Also:

FREIGHT & freightage -- Rates; TRANSPORTATION; MATERIALS handling; CREDIT control; MONETARY policy; PROFIT
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