Excerpt from Congress and the Railways: Digest of 83 Railway Bills Now Pending; Attitude of the Manufacturers of Railway Material, Equipment and Supplies, and Contractors in Railway Construction, Toward Proposed New Restrictions Upon Interstate Carriers; February 21, 1910
It may be supposed by those engaged in certain lines of manufacture and trade that because only a small proportion of their busi ness is directly with the railways, or none at all, they are not interested with us in foster ing the purchasing power of the carriers. But is this true? When these concerns, the larg est part of whose product in steel, coal, lum ber, cement, or any other of the great staples, is consumed by railways, lose for a time their principal customer, then the establishment which formerly sold 10 per cent. To the rail ways will be very hard hit. It will probably lose the 10 per cent. Of its business which it formerly did with the railways and be obliged, besides, to meet, in selling to all its other customers, a new competition due to the shrinkage in the market for such goods as a whole.
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