Second Annual Report of the Interstate Commerce Commision: December 1, 1888 (Classic Reprint)

Understanding how interstate rail regulation works and why annual reporting matters.

This introduction to the Interstate Commerce Commission explains why carriers must provide clear, complete information about their interstate and state traffic. It also shows how fair dealing and public accountability guide the regulation of rates and services.

The text highlights that even roads operating mainly within a single state can be subject to federal oversight when they touch interstate commerce. It stresses the need for full, accurate statistics to help regulate work, set fair rates, and prevent unjust discrimination. It also discusses the responsibilities of express companies and how joint traffic arrangements should be managed to avoid favoritism.

• How the act aims to prevent undue preferences and ensure equal facilities for moving traffic
• Why carriers must report organization, capital, debt, and operations for effective regulation
• The role of joint rates and negotiations in maintaining fairness among multiple carriers
• The importance of complete statistics and transparent tariffs for public record and oversight

Ideal for readers of government reports and anyone curious about the foundations of railway regulation and public commerce.