"Non-discrimination" Quotes from Famous Books
... was simply because they were determined not to do so. A non-payment of dividends did not injure the managers, but simply other stockholders of the road. A permanent establishment of the principle of non-discrimination, on the other hand, would have benefited stockholders, while prejudicing the speculative interest which managers had in the roads. Railroad construction came, after the financial panic of 1873, to a practical standstill ... — The Railroad Question - A historical and practical treatise on railroads, and - remedies for their abuses • William Larrabee |