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Updated: July 21, 2025
An old race would have gone much farther than these people have. Progress is a matter of communication and pooling ideas and discoveries. Make a trend-graph of technological progress on Terra; every big jump comes after an improvement in communications. The printing press; railways and steamships; the telegraph; radio. Then think how telepathy would speed up progress."
Senator Platt, although a member of the conference, made a very able speech on the subject of pooling, in which he showed considerable feeling, and I at one time feared that he would oppose the adoption of the conference report on that account altogether.
All charges must be just and reasonable. The commission was given power to fix maximum rates after investigation of a complaint by either party to a dispute over rates. 2. Pooling agreements were prohibited. 3. It was made unlawful to make discriminations by giving to any particular person, corporation, or locality an unreasonable advantage over others.
He did so, for, stooping from the sky, he spread new life of green on all the valley floor, and smiting the mountains he broke a channel for the pent-up meltings of the snows, and the water ran and leaped far down, pooling in a lake below and flowing off to gladden other land.
In general, pooling agreements were likely to break down, although a southern pool organized by Albert Fink on a very extensive scale lasted for many years and was thought to have had a vital influence in eliminating rate-wars. Their efficacy depended mainly on good faith, and good faith was a rarity among railroad officials in the seventies and eighties.
Finally, in 1913, a general 'pooling merger' was effected by which practically all Canadian lines came under one control, from the lower Great Lakes, down the St Lawrence, through the Gulf, and south away to the West Indies. The title of this new merger is the Canada Steamship Lines Limited.
That on the whole the path of safety lies in the direction of pooling them and of declaring a common policy of progressive development leading to equality.
Any freight agent knew the remedy: an increase of freight rates by agreement or through a system of pooling earnings. Agreements were made, but not honestly kept, and, after a breach of faith, the fight was renewed with increased fury.
Newberry of Mr. Furlong senior, anxiously. "After all, what inducement have they?" "Every inducement," said Mr. Furlong. "All said and done they've only one large asset Dr. Dumfarthing. We're really offering to buy up Dr. Dumfarthing by pooling our assets with theirs." "And what does Dr. Dumfarthing himself say to it?" "Ah, there I am not so sure," said Mr. Furlong; "that may be a difficulty.
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