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Chapter 55. the Public Nature of Railroads

The Principles of Economics, With Applications to Practical Problems · Frank A. Fetter — chapter 116 of 118 · ~86 words · public domain

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1. What legal rights do the builders of a railroad have that are not enjoyed by all citizens?

2. Can you see any clear distinction between the public nature of a railroad and of a horse and carriage?

3. What harm can there be in the acceptance of passes by judges, legislators, and other public officials?

4. Ought the law prohibit the sale of tickets by "scalpers"?

5. Who has the greater political power, the president of the Pennsylvania Railroad, or the governor of that state?

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