Rensselaer Republican, Volume 21, Number 43, Rensselaer, Jasper County, 27 June 1889 — Philosophy of Commerce. [ARTICLE]

Philosophy of Commerce.

Gov. Larrabee denies that the charge of hostility to railways can be truthfully made against lowa. “The hostility,” he said, “has only been against the abuse practised Uy the managers. About $50,060,000 has been donated toward building the roads of lowa, and the people only ask to nave them operated ip a fair and equitable manner.” “The interstate law,” said he. “needs perfecting to prevent discriminations against this State from outside corporations. There is v ja constant tendency to lower prices for every thing produced by labor. Capital at lower rates of inteiest is abundant. New lines of low grade and light curvature are now projected, and the maintenance of high rates will cause the early building of these lines, which, together with the lines of that character already built, will compel lower rates of interest and smaller dividends for the pld roads, which now strive to monopolize the buaineflfi of the country. The sncce&aful manager of the future will depend less upon combinations and gentlemen’s agreements and more upon the efficiency of the service and the good will of the patrons. No backward step should be taken, and wo should not permit any equivocation by our public officers who have to deal with these questions.”