Regulation of Commerce Among the States: The Governmental Policy of Thomas Jefferson Vindicated by the Lessons of Experience. Views of the Interstate Commerce Commission in Regard to Governmental Rate-making
R.H. Darby Printing Company, 1906 - 15 páginas
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able action addressed administrative advocates American annual report anti-American authority autocratic power bill Britain cent Civil commercial liberty COMMERCIAL POLICY Commis Commission recommend common law complex conception conduct conferred Congress Constitution course courts dated decided decision defined determine discretion effect EFFORTS enjoyed exercise existence exorbitant explain expressed extraordinary fact February follows free to regulate freight fully Government governmental rate-making increase industry and improvement Interstate Commerce Commission invested involved January JOSEPH NIMMO judicial function judicial powers justice leave them otherwise legislative LESSONS OF EXPERIENCE letter March mile nature object official otherwise free person policy of Thomas political power to determine power to prescribe prescribe rates President Roosevelt prevail prevent principle proposition prosperity proved provision pursuits of industry question railroad rates regard REGULATION OF COMMERCE restraint result secure Senate sion social sought STANFORD UNIVERSITY sustained Thomas Jefferson tion to-day transportation United unjust VINDICATED
Página 13 - I know no safe depository of the ultimate powers of the society but the people themselves ; and if we think them not enlightened enough to exercise their control with a wholesome discretion, the remedy is not to take it from them, but to inform their discretion by education.
Página 3 - To some extent the principles upon which taxation rests must be allowed in fixing a just rate; to some extent the result of the rate upon the development of industries must be taken into the account in all decisions which the Commission is called upon to make; to some extent every question of transportation involves moral and social considerations, so that a just rate cannot be determined independently of the theory of social progress.
Página 13 - I know of no safe depository of the ultimate powers of the society but the people themselves, and if we think them not enlightened enough to exercise that control with a wholesome discretion, the remedy is not to take it from them, but to inform their discretion (Thomas Jefferson, 1820 cited in The Economist, 18 December 1993).
Página 2 - To give each community the rightful benefits of location, to keep different commodities on an equal footing, so that each shall circulate freely and in natural volume...
Página 8 - ... instance of a nation's bearing so much as we have borne. Two items alone in our catalogue of wrongs will forever acquit us of being the aggressors : the impressment of our seamen, and the excluding us from the ocean. The first foundations of the social compact would be broken up, were we definitively to refuse to its members the protection of their persons and property, while in their lawful pursuits.
Página 8 - Agriculture, manufactures, commerce, and navigation, the four pillars of our prosperity, are the most thriving when left most free to individual enterprise.
Página 6 - ... adoption of necessary amendments, and particularly the passage of a bill which has been approved by such organizations at a meeting held In Chicago on November 22, 1899, and to that end to give the public information as to the present state of the law, and the necessity for amending It by distributing such reports, papers, and documents as are designed to accomplish that purpose, and to devote himself assiduously to such duty.
Página 2 - ... is commonly known as bureaucratic rule, which in all ages has proved to be the antithesis of commercial liberty. This is clearly, and as hereinafter shown, unavoidably involved in any proposition to invest the Commission with the power of rate making. In its annual report submitted December 6, 1897, the Commission recommended that Congress should confer upon it the absolute power to prescribe rates; authorize it to issue self-executing administrative orders, and final administrative orders —...