Description

The Heart of the Railroad Problem: The History of Railway Discrimination in the United States, the Chief Efforts at Control and the Remedies Proposed, with Hints from Other Countries is a comprehensive and meticulously researched examination of the complex issues surrounding railroad regulation and discrimination in the United States. Written by Frank Parsons and first published in the early 20th century, this seminal work delves deeply into the origins, development, and consequences of discriminatory practices by American railroads, which played a pivotal role in shaping the nation’s economic and social landscape. Parsons begins by tracing the rapid expansion of the railroad industry in the 19th century, highlighting how railroads became the backbone of American commerce and industry. He explores the ways in which railroad companies wielded immense power, often engaging in discriminatory practices such as preferential rates, rebates, and secret deals that favored large corporations and wealthy individuals at the expense of small businesses, farmers, and the general public. These practices, Parsons argues, led to widespread economic inequality, stifled competition, and fostered public resentment. The book provides a detailed account of the various efforts made to control and regulate railroad discrimination, including the passage of landmark legislation such as the Interstate Commerce Act of 1887 and the establishment of the Interstate Commerce Commission. Parsons critically assesses the effectiveness of these measures, pointing out their limitations and the persistent challenges faced by regulators in curbing the abuses of powerful railroad interests. In addition to chronicling the American experience, Parsons offers a comparative perspective by examining how other countries, particularly in Europe, addressed similar issues. He draws lessons from foreign regulatory models and suggests potential remedies for the American context, advocating for stronger government oversight, public ownership, or more robust regulatory frameworks to ensure fairness and equity in the transportation sector. Throughout the book, Parsons combines historical narrative with incisive analysis, making The Heart of the Railroad Problem not only a valuable historical document but also a thought-provoking treatise on the broader themes of corporate power, public policy, and social justice. The work remains relevant for readers interested in the history of American industry, the evolution of regulatory policy, and the ongoing debates over the balance between private enterprise and public interest.