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.