A History of Inland Transport and Communication in EnglandPratt, Edwin A.
History
A History of Inland Transport and Communication in England
Pratt, Edwin A.
Communication and traffic -- Great Britain; Transportation -- Great Britain -- History
The Committee did not suggest that either of these companies had abused its
powers, or taken undue advantage of such "monopoly" as it had secured in
the districts concerned. In fact, of the North-Eastern Railway they said:--
"That railway, or system of railways, is composed of thirty-seven lines,
several of which formerly competed with each other. Before their
amalgamation they had, generally speaking, high rates and fares and low
dividends. The system is now the most complete monopoly in the United
Kingdom ... and it has the lowest fares and the highest dividends of any
English railway." As for the Great Eastern, instead of abusing their
"almost exclusive possession" of the Eastern Counties, everyone knows that
the Company have won for themselves the credit of pioneering the movement
for offering {288}exceptionally low rates and other special facilities for
the transport of agricultural produce, and, also, of having done more,
perhaps, than any other single railway company to enable working men to
live in healthy suburbs around London.
The whole position in regard to the prospective abuse of a so-called
monopoly due to railway amalgamations is, in fact, much misunderstood.
A railway company which controls, or practically controls, the traffic in a
certain section of the country is especially interested in developing that
traffic because it will enjoy all the advantages thereof, without having to
share them with a rival. For this reason, instead of restricting
facilities, such a company seeks to increase them; instead of imposing
extortionate fares and rates it aims, not merely at immediate profits on
the transport of particular commodities, but at encouraging such a
development of the district in general as will ensure its prosperity,
increase its population, expand its trade, _and_ create more traffic of all
kinds in a not far distant future.
It was precisely this idea that led the Great Eastern Railway Company to
set the example it did in seeking to develop the interests of its
agricultural districts. The more these interests expanded, and the more
profitable the agricultural industry became to the people living in those
districts, the greater would be the demand for household supplies, for
furniture, for pianos, for building materials, and for countless other
commodities, most of which would bring additional traffic to the line apart
from the greater amount of agricultural produce carried, and apart, also,
from the further inevitable increase in passenger traffic.
Cornwall, again, might be regarded as the "monopoly" of the Great Western
Railway; but what person would suggest that the Great Western have not
sufficiently boomed "the Cornish Riviera"?
Public-domain text, read in full here on John Shaqi.
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