Between 1970 and 1997, the nation's railroads engaged in corporate mergers in an effort to stem the decline of the industry's market base, increase low return on investments, and counter the deterioration of trackage and equipment. The 73 Class I carriers in existence in 1970 have been consolidated into only 10 today. The recent battle over Conrail is only the most recent and highly publicized example of this trend that resulted from the relaxation of federal regulation. Business scholars, economists, railroad buffs, and anyone interested in transportation and federal regulation will find this book an invaluable tool.

Overregulated and displaced by barges, trucks, and jet aviation, railroads fell into decline. Their misfortune was measured in lost market share, abandoned track, bankruptcies, and unemployment. Today, rail transportation is reviving. American Railroads tells a riveting story about how this iconic industry managed to turn itself around.

No enterprise is so seductive as a railroad for the influence it exerts, the power it gives, and the hope of gain it offers.—Poor's Manual of Railroads (1900) At its peak, the railroad was the Internet of its day in its transformative impact on American life and law. A harbinger and promoter of economic empire, it was also the icon of a technological revolution that accelerated national expansion and in the process transformed our legal system. James W. Ely Jr., in the first comprehensive legal history of the rail industry, shows that the two institutions-the railroad and American law-had a profound influence on each other. Ely chronicles how "America's first big business" impelled the creation of a vast array of new laws in a country where long-distance internal transport had previously been limited to canals and turnpikes. Railroads, the first major industry to experience extensive regulation, brought about significant legal innovations governing interstate commerce, eminent domain, private property, labor relations, and much more. Much of this development was originally designed to serve the interests of the railroads themselves but gradually came to contest and control the industry's power and exploitative tendencies. As Ely reveals, despite its great promise and potential as an engine of prosperity and uniter of far-flung regions, the railroad was not universally admired. Railroads uprooted people, threatened local autonomy, and posed dangers to employees and the public alike-situations with unprecedented legal ramifications. Ely explores the complex and sometimes contradictory ways in which those ramifications played out, as railroads crossed state lines and knitted together a diverse nation with thousands of miles of iron rail. Epic in its scope, Railroads and American Law makes a complex subject accessible to a wide range of readers, from legal historians to railroad buffs, and shows the many ways in which a powerful industry brought change and innovation to America.

How did Chicago, a city known for commerce, come to have such a splendid public waterfront—its most treasured asset? Lakefront reveals a story of social, political, and legal conflict in which private and public rights have clashed repeatedly over time, only to produce, as a kind of miracle, a generally happy ending. Joseph D. Kearney and Thomas W. Merrill study the lakefront's evolution from the middle of the nineteenth century to the twenty-first. Their findings have significance for understanding not only Chicago's history but also the law's part in determining the future of significant urban resources such as waterfronts. The Chicago lakefront is where the American public trust doctrine, holding certain public resources off limits to private development, was born. This book describes the circumstances that gave rise to the doctrine and its fluctuating importance over time, and reveals how it was resurrected in the later twentieth century to become the primary principle for mediating clashes between public and private lakefront rights. Lakefront compares the effectiveness of the public trust idea to other property doctrines, and assesses the role of the law as compared with more institutional developments, such as the emergence of sanitary commissions and park districts, in securing the protection of the lakefront for public uses. By charting its history, Kearney and Merrill demonstrate that the lakefront's current status is in part a product of individuals and events unique to Chicago. But technological changes, and a transformation in social values in favor of recreational and preservationist uses, also have been critical. Throughout, the law, while also in a state of continual change, has played at least a supporting role.

In 1836, Abraham Lincoln and Stephen Douglas agreed on one thing: Illinois needed railroads. Over the next fifty years, the state became the nation's railroad hub, with Chicago at its center. Speculators, greed, growth, and regulation followed as the railroad industry consumed unprecedented amounts of capital and labor. A nationwide market resulted, and the Windy City became the site of opportunities and challenges that remain to this day. In this first-of-its-kind history, full of entertaining anecdotes and colorful characters, Simon Cordery describes the explosive growth of Illinois railroads and its impact on America. Cordery shows how railroading in Illinois influenced railroad financing, the creation of a national economy, and government regulation of business. Cordery's masterful chronicle of rail development in Illinois from 1837 to 2010 reveals how the state's expanding railroads became the foundation of the nation's rail network.

“Readers will find in his biography an extraordinary tale of the travails of twentieth-century railroading through the career of this one man.” —The Annals of Iowa After graduating from the Massachusetts Institute of Technology, John W. Barriger III (1899–1976) started his career on the Pennsylvania Railroad as a rodman, shop hand, and then assistant yardmaster. His enthusiasm, tenacity, and lifelong passion for the industry propelled him professionally, culminating in leadership roles at Monon Railroad, Pittsburgh and Lake Erie Railroad, Missouri-Kansas-Texas Railroad and the Boston and Maine Railroad. His legendary capability to save railroad corporations in peril earned him the nickname “doctor of sick railroads,” and his impact was also felt far from the train tracks, as he successfully guided New Deal relief efforts for the Railroad Division of the Reconstruction Finance Corporation during the Depression and served in the Office of Defense Transportation during World War II. Featuring numerous personal photographs and interviews, John W. Barriger III is an intimate account of a railroad magnate and his role in transforming the transportation industry. “Thanks to Roger Grant’s latest book, Barriger and his amazing legacy endures, waiting to be rediscovered by a new generation of readers. Trust me, you’ll learn a lot.” —Classic Trains “H. Roger Grant’s biography, John W. Barriger III, offers a new and much needed perspective on this prominent individual. Grant brings together an overview of Barriger’s career developments with an appropriate balance of insights into his early life and introduction to railroads.” —Journal of Transport History