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To: Windsock who wrote (166189)	6/11/2002 10:29:53 AM
From: GVTucker	Read Replies (1) \| Respond to of 186894

Yes, the railroads took advantage of any government subsidies that they could garner. That's just logical. And that's no different than Cisco taking advantage of the tax law to pay employees with stock options and subsequently pay no federal income tax.

To: Windsock who wrote (166189)	6/11/2002 11:44:09 PM
From: dumbmoney	Respond to of 186894

The Railroad monopoly along the routes that resulted from the grants produced lots of price gouging by the Railroads and eventually resulted in regulation by the Interstate Commerce Commission. Actually the ICC cartelized a very competitive business. Same story with trucking regulation (also the ICC) and airline regulation. Small shippers in out of the way places liked the regulation because they were subsidized. Shipping companies (and their many employees) benefited from reduced competition.