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WILLIAM T. FARICY
PRESIDENT
ASSOCIATION OF AMERICAN RAILROADS
TRANSPORTATION BUILDING
Washington 6, D. C.
December 1, 1949
To the PRESS and RADIO:
Subject: COMPETITION — THE AMERICAN WAY
Our railroads live in a world of competition, and have done so for more than a century. They are in competition not only with one another but also with other forms of commercial transportation — by highway, by air and by water. They know what it is to meet competition, and they must keep on meeting it.
First of all, there is competition in service. Each form of transportation can do certain things and each offers advantages. However, only the railroads are true common carriers, because they are the only form of transportation which can and does handle anything movable, in any quantity, for anyone, anywhere, and in any season of the year.
There is also competition in rates charged for transportation service. These rates must be low enough to move the traffic and at the same time high enough to meet and to cover the cost of doing business.
The public wants and is entitled to the most adequate, the most dependable, and the most economical transportation service, all costs considered. The only way that sort of service can be provided is to have competition among carriers on an even basis, with each form of transportation standing on its own feet and paying its own way without government aid or subsidy.
Sincerely yours.
BROADCASTING • Telecasting
December 5, 1949 • Page 39