Minority Report of the Committee on Railways in Relation to the Hoosac Tunnel and the Railroads Leading Thereto: With a bill to incorporate the State Board of Trustees of the Hoosac Tunnel Railroad; also the speech delivered by Hon. E. P. Carpenter in the Senate of Massachusetts, June 3, 1873, in support of the sameMassachusetts. General Court. Committee on Railways and Canals
History
Minority Report of the Committee on Railways in Relation to the Hoosac Tunnel and the Railroads Leading Thereto: With a bill to incorporate the State Board of Trustees of the Hoosac Tunnel Railroad; also the speech delivered by Hon. E. P. Carpenter in the Senate of Massachusetts, June 3, 1873, in support of the same
Massachusetts. General Court. Committee on Railways and Canals
It cannot be denied that the popular feeling has been steadily growing
in favor of state operation of railroads in spite of all that has been
said of the danger of corruption and of the inefficiency of state
management. The people, confident in their own integrity and their own
power, have not indistinctly shown their desire to fairly try the
experiment, and the circumstances are more favorable for such an
experiment than will probably again occur. The State now owns the
important part of the line,--that part which is necessary to change
the line from a disconnected local line of railroads to a great
through line. It has been built at great cost. Its opening gives great
value to the connecting roads. If it was worth the cost of
construction, this value can only be shown by a development of
business which will require a series of years, and will be attended
with corresponding advantages to all connecting roads. This
development of business can hardly be expected without substantially
giving up the control of the Tunnel to the line which operates it. The
majority bill does give such a control. We deem it the best way for
the State retaining the Tunnel to obtain upon fair terms the control
of the connecting roads, and fairly try the experiment of operating a
railroad to ascertain how cheaply transportation can be furnished, and
yet return a fair remuneration for the capital employed. The public
demands such an experiment to be tried, and a better opportunity to
try can never exist.
SAFETY OF THE EXPERIMENT.
Of this there can be no reasonable doubt, for a corporation formed
under the provisions of the minority bill possesses all the advantages
that can be obtained by consolidation under one private corporation,
as authorized by the majority bill, and the additional advantages of
state and corporate management combined, which would be efficient and
reliable, beyond that of ordinary railroad corporations, inasmuch as
their acts would be most carefully watched and criticised by others
than stockholders, and the honor of securing a successful result to so
great an experiment and enterprise in the interests of the people,
would be a far greater incentive to even political ambition, than the
compensation received; for "great deeds foreshadow great men," and the
people are not slow in their rewards to those who are honest and
earnest in their service.
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