
This is a 1977 reprint of the original 1965 edition. From the author's "In the following pages I shall attempt critically to re-examine the relation of the railroads to federal regulation and the assumption that the national government consciously or in fact always acted in the manner that the majority of important railroad men considered fundamentally inimical to their interest. Rather, I will suggest that the intervention of the federal government not only failed to damage the interests of the railroads, but was positively welcomed by them since the railroads never really had the power over the economy, and their own industry, often ascribed to them." With extensive bibliography and index. 273 pages.