Chapter V: RATE MAKING IN PRACTICE (Continued)

Effect of changing conditions, 147.--Lumber and
paper rates, 148.--Equalizing industrial
conditions, 148.--Protecting shippers, 149.--Pacific
Coast lumber rates, 150.--Elasticity and
quick adaptation, 152.--Rigidity and delicacy
of adjustment, 153.--Transcontinental rate
system, 154.--Excessive elasticity of rates, 155.--More
stability desirable, 159.--Natural _v._ artificial
territory and rates, 159.--Economic waste, 159.--Inelastic
conditions, 161.--Effect upon concentration of
population, 162.--Competition in transportation and trade
contrasted, 163.--No abandonment of field, 165.

Cost _v._ value of service, 166.--Relative merits
of each, 167.--Charging what the traffic will
bear, 169.--Unduly high and low rates, 171.--Dynamic
force in value of service, 177.--Cost of service in
classification, 179.--Wisconsin paper case, 181.--Cost
and value, of service equally important, checking one
another, 184.

CHAPTER VI

PERSONAL DISCRIMINATION

Rebates and monopoly, with attendant danger to
carriers, 185.--Personal discrimination
defined, 188.--Distinction between rebating
and general rate cutting, 188.--Early forms of
rebates, 189.--Underbilling, underclassification,
etc., 190.--Private car lines, 192.--More recent
forms of rebating described, 195.--Terminal and
tap-lines, 196.--Midnight tariffs, 197.--Outside
transactions, special credit, etc., 198.--Distribution
of coal cars, 199.--Standard Oil Company
practices, 200.--Discriminatory open adjustments from
competing centres, 202.--Frequency of rebating since
1900, 204-6.--The Elkins Law of 1903, 205.--Discrimination
since 1906, 207.--The grain elevation
cases, 211.--Industrial railroads once more, 212.