ARTIFICIAL CONDITIONS. •
The difficulty in many of these key industries—at all events, so far as the situation is comprehended in the City—is that there is a disposition to set up artificial standards and conditions rendering a solution of the problems which have to be faced almost impossible. In the railway world competition between the groups has been limited in Many instances to an extent not only antagonistic to the interests of the public, but probably harmful to the interests of the stockholders as well, while anxiety to maintain a standard dividend as well as a standard wage and a standard working day has subjected the industry to conditions which seem to make it powerless to regain its former popularity with the public. For during each month that passes, with these restrictions fettering progress, road competition increases and revenues are being lost.
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