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Commercial May 29, 1922

Carson City Daily Appeal

Carson City, Ormsby County, Carson City County, Nevada

What is this article about?

The Interstate Commerce Commission's order for a 10% reduction in freight rates, effective July 1, is viewed as an incentive for business growth amid improving conditions. Railroads may offset losses through increased volume. Nevada Public Service Commission is vindicated for refusing intrastate rate hikes to match interstate rates.

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OCR Quality

98% Excellent

Full Text

EFFECT OF LOWER RATES.

The press of the state sees in the order of the interstate commerce commission for a reduction of approximately ten per cent in freight rates, effective July 1, an incentive for stimulating business.

With general improvement in business conditions throughout the country the railroads should not suffer as a result of the reduction; and it is not improbable that the carriers will more than offset the reduction by increased volume of business. This ten per cent reduction may lead to further reductions, and voluntarily so on the part of the roads, because once the wheels of progress are in full swing, prosperity will have gained an impetus that will cause it to extend over a long period, and with an intensity that has not existed for many years.

The Nevada public service commission has been doing its share in bombarding the interstate commission with data to show that the big-line rates in this state are excessively high and the order recently issued vindicates the local body in refusing some time ago to raise intrastate rates to conform to interstate rates.

What sub-type of article is it?

Railroads Policy Economic

What keywords are associated?

Freight Rates Reduction Interstate Commerce Commission Nevada Public Service Commission Business Stimulation Railroad Prosperity

What entities or persons were involved?

Interstate Commerce Commission Nevada Public Service Commission

Where did it happen?

Nevada

Commercial Details

Location

Nevada

Event Date

July 1

Key Figures

Interstate Commerce Commission Nevada Public Service Commission

Notable Details

Reduction Of Approximately Ten Per Cent In Freight Rates Incentive For Stimulating Business Refusing To Raise Intrastate Rates

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