Proceedings of the Academy of Political Science in the City of New York, Vol. 10

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Excerpt from Proceedings of the Academy of Political Science in the City of New York, Vol. 10: July, 1922, Railroads and Business Prosperity, A Series of Addresses and Papers Presented at the Annual Meeting of the Academy of Political Science in the City of New York, April 28, 1922The second important feature of the Transportation Act rep resented an effort to bring into effect a unified, national system of rate regulation, to replace the dual system of state and Federal control. The exercise of mutually exclusive powers by state and federal authorities had long been a fruitful source of controversy, and in many instances con¿icting policies Of regu lation had resulted in the creation of those unreasonable dis criminations the prevention of which had been the chief pur pose Of regulating the railroads. Under the Interstate Com merce Act, as amended in 1920, when the Interstate Commerce Commission finds that rates imposed by state authority cause any undue discrimination against interstate or foreign com merce, it may prescribe rates which will remove the discrim ination and such rates must be observed by the carriers, the law of any State or the decision or order Of any State authority to the contrary notwithstanding.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.