Thank you for visiting SNEWPapers!
Sign up free
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.
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.
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