SPECIAL VALUE OF THE LIBRARY From the Springfield, Mass., Republican Under the title of "The Railway Library 1909" are presented a number of papers and addresses of that year dealing with various phases of the transportation problem. The book is compiled and edited by Slason Thompson, manager of the Bureau of Railway News and Statistics in Chicago. As much of the material so liberally supplied the public is hostile to the railroads, this presentation of their side of the story will be of special value to readers and students. A DUTY AS WELL AS A RIGHT It is, in my opinion, not only the right but the duty of a railroad to present these matters to the public from its viewpoint, but in so doing it should be scrupulously accurate in its statements of facts."-Hon. Charles A. Prouty, I. C. Commission. For Table of Contents, 1909-1911 series, see end of this volume The Railway Library may be obtained on the following terms: Single copies of 1909 (limited) $2.00 1.50 1.00 .50 APPLY TO BUREAU OF RAILWAY NEWS AND STATISTICS RAILWAY EXCHANGE BUILDING CHICAGO THE RAILWAY LIBRARY 1912 [FOURTH SERIES] A COLLECTION OF NOTEWORTHY ADDRESSES AND COMPILED AND EDITED BY SLASON THOMPSON DIRECTOR OF BUREAU OF RAILWAY NEWS CHICAGO PRESS OF STROMBERG, ALLEN & Co. CHICAGO, 1913 By John B. Olmsted, Ex-Public Service Commissioner, New York. By Frank V. Whiting, Gen. Claims Atty., New York Central Lines. By F. H. Dent, Gen. Mgr., 8. E. & C. Ry., England. REVIEW OF THE WORKINGS OF FRENCH STATE RAILWAYS. By C. Colson, in the Revue Politique. By Professor Lotz, of Munich. By L. E. Johnson, President, Norfolk & Western Ry. Co. THE OFFICE OF RAILWAY STATISTICS. Chapter I, "Manual of Railway Statistics," by George L. Boag. STATISTICS OF RAIL MANUFACTURE.. By Paul M. La Bach, Asst. Eng., C. R. I. & P. Ry. Co. 2 466 F INTRODUCTION. OLLOWING the general scheme of its predecessors, this, the fourth issue of the Railway Library, brings between boards selections from the noteworthy addresses and papers of the year 1912 relating to railway subjects. It opens with a brief excerpt from the special American Railway Edition of the London Times, which refers to the splendid spirit and faith that projected and built the railways of America out into the boundless wastes of a sparsely peopled continent. This is followed by the valedictory of James J. Hill, whose "Life Adventure" spans the period from the days when railways preceded settlers to our own times, when their problem is one of providing adequate transportation for an industrial nation of nearly 100,000,000 souls. Railway rates and railway valuation naturally occupy a prominent and significant place in this issue of the Library, and so the opinion of Justice Hughes in the Minnesota rate case, although not delivered until June, 1913, finds it appropriate setting amid the railway literature of the preceding year. It is given in extenso, the only omission being the legal citations, which are generally more distracting than illuminating to the lay mind. This opinion should be studied in connection with the findings of fact by Judge Otis and the decision of Judge Sanborn in the case under review, given in the Railway Library for 1910. Although no new legal principle is enunciated, delimitation of state and national authority is set forth afresh with exhaustive perspicacity. The decision of the lower court and the finding of the Master are overruled on the question of valuation. The railways can bide their time until Congress or the Interstate Commerce Commission puts the federal quietus on state interference with interstate rates; but the existence of a "railway value" for lands needed for railway purposes will not down at the bidding of courts 8 |