This nonfiction work presents a historic rate hearing that challenged what railroads could charge and why. It centers on a major case involving the Atchison, Topeka & Santa Fe Railway and the new Mann-Elkins laws, showing how one company argued that current charges were too low and why higher rates were needed to fund essential improvements. The material offers a window into railroad finance, risk, and the tension between public needs and corporate obligation.

Learn why rates were considered too low and how that affected service, credit, and investment.
See how a railway executive explains profits, capital, and the desire to fund capital projects.
Understand the role of regulations, hearings, and expert testimony in setting prices.
Get a grounded view of the practical, long-term costs of maintaining a large transportation network.

Ideal for readers of economic history and policy debates about infrastructure, regulation, and public accountability.

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