MR. MIDGLEY S ARTICLE. CONTINUED. 419 



ination that the point is one at which there exists competi 

 tion with any other road or means of transportation.&quot; This 

 dismisses the idea that there is such a thing as just discrim 

 ination. Is it a correct view ? The rate on corn from 

 Springfield to Chicago, we will say, is fifteen cents per 

 bushel; to carry out the illustration, suppose that four cents 

 per bushel is the profit over and above the actual expense 



Homestead on the River. 



of transporting the grain, and that this amount is only just 

 enough to pay a reasonable return upon the company s in 

 vestment. Further south on the same line, at St. Louis, 

 there is a powerful competitor the Mississippi Kiver, down 

 which lumber from Minnesota, and grain, are floated to 

 New Orleans. The river fixes the rate at which transporta 

 tion shall be done. Having no expensive track to lay and 



