Abstract
In 1909, moving freight by rail cost seven to ten times more than by water. Yet despite crowded terminals and a severe shortage of rolling stock, railroads carried eight times more freight by weight than ships and barges, and canal tonnage had fallen by two-thirds since 1880. The railroads, according to President Theodore Roosevelt, were “no longer able to move crops and manufactures rapidly enough to secure the prompt transaction of the business of the Nation.…There appears to be but one complete remedy–the development of a complementary system of transportation by water.” Perishable foods and high-value factory goods would always travel by rail, Roosevelt acknowledged, but bulky cargo such as wheat, coal, timber, and iron could and should move by water. Improving the nation's waterways would increase the profits of railroads and manufacturers, provide capital for expansion, and reduce the cost of living. It would serve as a tonic to the entire economy.
Publisher
Cambridge University Press (CUP)
Subject
Public Administration,Sociology and Political Science