Tim:



No problem, if before hand you had negotiated a rate with the railroad
tariff bureau for the shipment of $100.00 dollar bills with a stop privilege
for the conversation to pennies. Your rate with stop privileges would be
published in a tariff and you could have shipped it. Everything that the
railroads hauled was covered by a published tariff rate.



Paul



_____

From: STMFC@... [mailto:STMFC@...] On Behalf Of Tim
O'Connor
Sent: Thursday, April 15, 2010 9:11 AM
To: STMFC@...
Subject: Re: [STMFC] Re: was LCL - Stop Off traffic






Ah, but Dennis, suppose I shipped a box car of $100 bills to the bank,
and withdrew it again as pennies?

:-) Tim "infungible" O'Connor

I've heard of storage in transit for grain, but milling in transit??
Wouldn't the transformation of bulk grain into bags of flour involve
an entirely new tariff?

Tim O'Connor

No, it was a single tariff designed to keep the flour traffic on the line

that had originated the grain move. It goes back a long way; here's a link
to a nespaper article from 1890:

http://query.

<http://query.nytimes.com/gst/abstract.html?res=9802EED8153BE533A25752C1A962
9C94619ED7CF>
nytimes.com/gst/abstract.html?res=9802EED8153BE533A25752C1A9629C94619ED7CF

Keep in mind that grain is fungible, like money is. When you go to the bank

to make a withdrawal, you don't get the same money you deposited back; you
get different but equal money. Grain is the same, you don't get your grain
back out of the elevator, you get different but equal grain. Same with
milling in transit. You don't get the flour that was milled from the grain
you hauled in; you get equal flour milled from different grain. So, the car
just emptied of grain can be immediately refilled with flour and sent on its
way.

Dennis

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