Excerpt from Railway Transportation: A History of Its Economics and of Its Relation to the State
So great has been the development of railway transportation, and so important have been the laws of the State"s relation to it, since President Hadley"s book was written, in 1885, that it is vitally necessary to bring the statement down to the present. The last quarter of a century has been so full of significant change, that it must necessarily be included in any work on railways.
Railway Transportation is a new book, even in that part which treats of the early years, though it is, with his permission, based upon Hadley"s Railroad Transportation - a work so admirable that it deserves to live as long as railways are the subject of serious study. Its chief purpose is to revise and enlarge Hadley"s book. It traces the history of railway transportation in its more vital aspects in Great Britain, France, Italy, Germany, and the United States - in the most characteristic sections of the world. It traces this historical development, not for the sake of the antiquarian, solely to throw light upon the present management and regulation of the railways; and, along with the historical narrative, runs that spirit of criticism which makes comparisons and estimates of values.
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