Note 370 — Chapter XXXII · REMEDIES.
Reading edition
President Roosevelt, Governor La Follette, Governor Cummins, Sen. Com. p. 2046; Professor Ripley, pp. 2330, 2338: Commissioner Knapp, p. 3305, Commissioner Prouty, pp. 2794, 2873, 2881, and 2886, where he says: “I do not think the Commission has to-day in its docket a case that can be satisfactorily disposed of without determining the rate for the future.” Commissioner Clements, p. 3243, Commissioner Fifer, pp. 3344, 3350, and many other witnesses; also writers and speakers throughout the country.
On the other hand, James J. Hill, President of the Great Northern, says he cannot imagine a greater misfortune than to attempt to fix rates by law, p. 1486; it would hamper transportation and hinder development. President Tuttle says that rate-making is practically the only property right the railways have, p. 913. Railway men generally are strongly opposed to fixing rates by commissions.