CHAPTER IV

RATE MAKING IN PRACTICE

Evolution of rate sheets, [101].—Terminal v. haulage costs, [102].—Local competition, [104].—What the traffic will bear, [107].—Trunk line rate system, [111].—Complexity of rate structure, [113].—Competition of routes, [114].—Competition of facilities, [116].—Competition of markets, [118].—Ever-widening markets, [119].—Primary and secondary market competition, [121].—Jobbing or distributive business, [124].—Flat rates, [127].—Mississippi-Missouri rate scheme, [128].—Relation between raw materials and finished products, [134].—Export rates on wheat and flour, [135].—Cattle and packing-house products, [139].—Refrigerator cars, [140].—By-products and substitution, [142].—Kansas corn and Minnesota flour, [143].—Ex-Lake grain rates, [145].

CHAPTER V

RATE MAKING IN PRACTICE (Continued)

Effect of changing conditions, [147].—Lumber and paper rates, [148].—Equalizing industrial conditions, [148].—Protecting shippers, [149].—Pacific Coast lumber rates, [150].—Elasticity and quick adaptation, [152].—Rigidity and delicacy of adjustment, [153].—Transcontinental rate system, [154].—Excessive elasticity of rates, [155].—More stability desirable, [159].—Natural v. artificial territory and rates, [159].—Economic waste, [159].—Inelastic conditions, [161].—Effect upon concentration of population, [162].—Competition in transportation and trade contrasted, [163].—No abandonment of field, [165].

Cost v. value of service, [166].—Relative merits of each, [167].—Charging what the traffic will bear, [169].—Unduly high and low rates, [171].—Dynamic force in value of service, [177].—Cost of service in classification, [179].—Wisconsin paper case, [181].—Cost and value, of service equally important, checking one another, [184].

CHAPTER VI

PERSONAL DISCRIMINATION

Rebates and monopoly, with attendant danger to carriers, [185].—Personal discrimination defined, [188].—Distinction between rebating and general rate cutting, [188].—Early forms of rebates, [189].—Underbilling, underclassification, etc., [190].—Private car lines, [192].—More recent forms of rebating described, [195].—Terminal and tap-lines, [196].—Midnight tariffs, [197].—Outside transactions, special credit, etc., [198].—Distribution of coal cars, [199].—Standard Oil Company practices, [200].—Discriminatory open adjustments from competing centres, [202].—Frequency of rebating since 1900, [204]-6.—The Elkins Law of 1903, [205].—Discrimination since 1906, [207].—The grain elevation cases, [211].—Industrial railroads once more, [212].