Abstract

Finance
Noyes, Alexander D. | May 25, 1918 issue

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In last week's dispatches from Washington regarding the proposed 25 per cent increase in railway freight and passenger rates, it was merely stated that such increase had been recommended to the Director-General by his "official advisers." It has, however, been believed for some time past that some advance in rates would be put in force by the Federal management, specifically to meet the largely increased charges due to higher cost of railway labor, railway fuel, and railway equipment. The proposal as it stands seems so sweeping in its scope, and so lacking in any consideration of other factors, such as increased economy in operation under unified control, as to require very close scrutiny.

See Also:

RAILROADS -- Freight; TRANSPORTATION; PUBLIC utilities; FREIGHT & freightage; LABOR; MANAGEMENT
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