The Hidden Army of Middlemen in High Living Costs
A critical look at cost distribution shows farmers pay about 50 cents of each dollar, intermediaries take around 44 cents, and railroads about 5 cents. The piece argues railroads deserve rate rises to fund aging equipment and terminals, advocates government ownership as a consequence, and cites Interstate Commerce Commission regulation and investor shifts as context.
MENTIONED IN THIS ARTICLE
Legion
Bagatelle
Hait
Grand Dukes
Bolier
England
Northwest
Pennsylvania Railroad
Barnes
Lorimer
Penrose
Cox
Taggart
Roger Sullivan
Panama Canal
Wall Street
New Haven
Hartford
Miles
Elliott
Rea
Harling
Hughitt
Hill
Interstate Commerce Commission
United States
Inter- State Commerce Commission
Montana
Chicago Association of Commerce
Charles A. Prouty
Also Mentioned on This Page
James J. Hill
Henry
New York Central Common
Pennsylvania Common
Chicago & Northwestern Common
E. Pluribus Unum & Co
Great Northern
Northern Pacific
Cy Oente
Liverpool
London
Pia