The Texas Railroad Commission And The American Economy Essay

1421 WordsDec 6, 20166 Pages
The Texas Railroad Commission What does one think about when they hear the words Texas Railroad Commission? Many things may come to mind but it’s really only two things and those are natural gas and oil. Which happened to be one of Texas biggest assets year round. It is one of the largest bodies in all of the country which gives it such a large influence on the supply and prices of oil in the country. When the commission first came about its original purpose was to oversee the railroads. When James Hogg lead the Populist-style resentment for the railroads he won his election in 1890 and became governor mainly based on the fact that, he had promised to have the railroads regulated. “The Texas Railroad Commission evolved from its founding in 1891 to a multi-divisional regulatory commission that oversaw not only railroads but also a number of other industries central to the modern American economy: petroleum production, natural gas utilities, and motor carriers.” (Childs, 2005) The state simultaneously amended the constitution to allow such a body. With this being established it gave jurisdiction over the operation of railroads, rates, wharves, terminals and express companies. “Governor Hogg 's first appointments were John H. Reagan (chairman), Judge William Pinckney McLean, and Lafayette L. Foster. In 1894 the legislature made the agency elective, the three commissioners henceforth serving six-year, overlapping terms in Austin.” (Prindle, 1991) Despite the occasional
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