Railroad pool

Railroad pools in the United States were associations of competing railroads "for the purpose of a proper division of the traffic at competitive points and the maintenance of equitable rates that may be agreed upon."[1] Louis Boisot Jr., of the Chicago Bar, wrote an article about Railroad Pools. He said “Railroad Pools are contracts between rival railway companies whereby, in order to prevent competition, their business is united in one common total, from which the business or the money received therefor is divided among the combining companies in fixed percentages."[2]

  1. ^ Kyle, James Henderson; Clarke, Albert (1902). "Reports of the Industrial commission. United States. Industrial Commission". Government Printing Office. 19: 329. Retrieved 2020-08-25.
  2. ^ Williams, Charles Frederic; Garland, David Shephard; Merrill, John Houston; Johnson Michie, Thomas (1892). "The American and English Encyclopedia of Law". 19. {{cite journal}}: Cite journal requires |journal= (help)