(BUSINESS) VANDERBILT WILLIAM H Letter Signed

Sale 2004 - Lot 27

Price Realized: $ 2,760

?Final Price Realized includes Buyer’s Premium added to Hammer Price

Estimate: $ 400 - $ 600

LENGTHY LETTER ON RAILROAD RATE LEGISLATION (BUSINESS.) VANDERBILT, WILLIAM H. Letter Signed, to the members of a Special Committee of the Chamber of Commerce of New York, discussing their investigation into railroad rate legislation. 6 pages, six 4to sheets, New York Central & Hudson River Railroad Co. stationery; pin holes, inked stamp on first page. New York, 18 September 1879

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". . . To create a false issue against the railroads, and arouse popular feeling in hostility to them, is not, and never has been, a difficult thing to do, and it is very easy for it to get beyond the control of, and injure most its original promoters. But wherever the legislation which follows has been tried, the farmers, merchants, and manufacturers have suffered to as great, if not greater extent than the railroads . . . The railways are not and cannot be antagonistic to the public, with whom their very existence is indisolubly connected . . . I believe that any legislation upon the transportation question by the State, unless based upon general legislation first had by Congress, will be disastrous to the commercial supremacy and prosperity of New York . . ."