Competition; Monopolies -- United States; Trusts, Industrial
The necessity for this will be more, rather than less, apparent with the
use of underground instead of overhead wires. The cost of placing wires
in subways is far beyond the cost of stringing them on poles, and if we
are obliged to build our subways large enough to accommodate all the
rival wires which may be offered, we have a herculean task upon our
hands.
The great question of the monopoly of land can be merely touched in this
connection. While the fact that land is natural wealth must be freely
acknowledged, it is only where population is most dense that any great
monopoly appears in its ownership. The principle is well established,
indeed, that private ownership of land cannot stand in the way of the
public good. When a railway is to be built, any man who refuses to sell
right of way to the railway company at a reasonable price may have it
judicially condemned and taken from him. We have already noted in the
chapter on railway monopolies the injustice of permitting a single
person or corporation to control and own any especially necessary means
of communication, as a mountain pass or a long and expensive bridge, and
the same principle is apparent in connection with the railway terminals
in our large cities. The enormous expense attendant upon securing right
of way for an entrance to the heart of the city, makes it a very
difficult matter for any new company to obtain a terminus there, except
by securing running rights over the tracks of an older company. To give
to any single corporation the sole control of the entrance to a city
_and permit it to charge what toll it pleases_ for trains that pass
through it, evidently places the city at the mercy of a monopoly.
Practically the case is not so bad as this, as most large cities have
means of water communication, and the railroads are run to the heart of
the city through the public streets. But the time is fast approaching
when these city grade crossings will be done away with, and in every
city of importance the railways will enter the city on elevated viaducts
terminating in a single union depot. Evidently it is contrary to the
public welfare to sink more capital in these expensive structures than
is necessary; and in general, several companies will use a single
structure for entrance and exit. It is evident that the control of these
terminals, if vested in a single company, may give rise to just the
abuse we have set forth; and that the city itself should retain enough
control over its railway terminals and freight-transfer lines to ensure
that no single carrier or combination shall monopolize them.
Public-domain text, read in full here on John Shaqi.
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