Extension of Tenure of Government Control of Railroads. Hearings Before the Committee on Interstate Commerce, United States Senate, Sixty-Fifth Congress, Third Session, on the Extension of Time for Relinquishment by the Government of Railroads to Volume 2
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1919 Excerpt: ...The lands belonged to private individuals; they were located in States which could charter corporations, authorize the development of water ...
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1919 Excerpt: ...The lands belonged to private individuals; they were located in States which could charter corporations, authorize the development of water power, tax them, and regulate their practices and charges; but those streams were all under the jurisdiction of the United States Government in so far as the right of navigation was concerned. The owners of the land were prohibited by law from obstructing those streams without the consent of Congress. It was to the interest of the public to secure navigation, which the Government could not, or would not, furnish on account of the high cost, and the owners of the property could not develop the water power and promote navigation without the consent of the Government, and would not do so unless the consent of the Government was granted on terms sufficiently attractive to invite capital to Invest under the hope of reasonable profit. So the original legislation was framed to accomplish two objects--first, and primarily, to promote navigation on streams which otherwise would never be navigable. The navigation could be secured by inducing private capital to construct locks and dams In the same manner under the approval and direction of the War Department as they would he constructed by the Government, If the Government would do the work at all. And, secondly, to permit the development of the resources and the progress of the Industries of the country through which those streams ran by encouraging the development of possible water power on those streams. Electric lighting, the operation of trolley ears, and, to a limited extent, the operations of machinery are familiar to all, but all of those uses require very small development. Electricity is a successful competitor of all kinds of fuel as it affords heat for houses, and cook...
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