Miscellany: Potter Plan

Among the many schemes to rehabilitate the St. Paul Railroad, not the least ingenious is that worked out by the receivers, Mark W. Potter and Edward J. Brundage, and known as the "Potter plan." This is almost literally a scheme for robbing Peter to pay Paul—the Peter in this case being other Western lines more prosperous than the St. Paul. The receivers argue that any increase in rates in the Western carriers should be pooled among them in such a way as to give the neediest roads the largest share of the increase. If,...

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