AN ADDRESS BY...ON THE ADVANTAGES OF LOW FARES, AND LOW RATES OF FREIGHT, PRACTICALLY ILLUSTRATED BY THE DEEP RESEARCHES OF THE BRITISH, FRENCH AND BELGIAN GOVERNMENTS; UNANIMOUSLY APPROVED AND ADOPTED, AND ORDERED TO BE PUBLISHED, BY A MEETING OF GENTLEMEN FRIENDLY TO INTERNAL IMPROVEMENTS, HELD IN BOSTON, DEC. 3, 1840.
Boston: Dutton & Wentworth, 1840. Original printed salmon-colored wrappers [dusting, spine and some extremity chipping] with wrapper title [as issued], stitched. 39, [1 blank] pp. Very Good.
Degrand, one of the earliest promoters of a transcontinental railroad, argues that a low freight rate "creates great quantities of Goods to be carried, and thereby becomes the most profitable; that great masses of Passengers are created by the Low Fare; and that a Rise of Fare has invariably diminished the Net Income, and a reduction of Fare has invariably increased it." Degrand, a pioneering supply-sider, proves his point with a formidable array of facts and figures.
FIRST EDITION. Thomson 2414. AI 40-1945 [5]. Item #19283
Price: $250.00