UNITY OF RAILWAYS AND RAILWAY INTERESTS.

다국어 초록 (Multilingual Abstract)

  "Distinct like the billows, but one like the sea," is a figure that applies to more things than the States of the American Union. It applies with emphasis to the railways and railway interests of the country. The roads are distinct entities as regards their corporate existence, their ownership of property, their-internal management, their capitalization, and in some other respects. But as regards their public uses and duties, their relations toward each other, the principles that should govern their conduct, the business in which they are engaged, the methods they should employ in their business, and the conditions of usefulness and business success, there is a unity that admits of no distinct or independent action.