Finally, what of late years has been done to diminish the dangers
of the rail?--What more can be done?--Few persons realize what a
tremendous pressure in this respect is constantly bearing down upon
those whose business it is to operate railroads. A great accident is
not only a terrible blow to the pride and prestige of a corporation,
not only does it practically ruin the unfortunate officials involved
in it, but it entails also portentous financial consequences. Juries
proverbially have little mercy for railroad corporations, and, when
a disaster comes, these have practically no choice but to follow the
scriptural injunction to settle with their adversaries quickly. The
Revere catastrophe, for instance, cost the railroad company liable
on account of it over half a million of dollars; the Ashtabula
accident over $600,000; the Wollaston over $300,000. A few years ago
in England a jury awarded a sum of $65,000 for damages sustained
through the death of a single individual. During the five years,
1867-71, the railroad corporations of Great Britain paid out over
$11,000,000 in compensation for damages occasioned by accidents. In
view, merely, of such money consequences of disaster, it would be
most unnatural did not each new accident lead to the adoption of
better appliances to prevent its recurrence.[30]
[30] The other side of this proposition has been argued with
much force by Mr. William Galt in his report as one of the Royal
Commission of 1874 on Railway Accidents. Mr. Galt's individual
report bears date February 5, 1877, and in it he asserts that, as
a matter of actual experience, the principle of self-interest on
the part of the railway companies has proved a wholly insufficient
safeguard against accidents. However it may be in theory, he
contends that, taking into consideration the great cost of the
appliances necessary to insure safety to the public on the one side,
and the amount of damages incident to a certain degree of risk on
the other side, the possible saving in expenditure to the companies
by assuming the risk far exceeds the loss incurred by an occasional
accident. The companies become, in a word, insurers of their
passengers,--the premium being found in the economies effected by
not adopting improved appliances of recognized value, and the losses
being the damages incurred in case of accident. He treats the whole
subject at great length and with much knowledge and ability. His
report is a most valuable compendium for those who are in favor of a
closer government supervision over railroads as a means of securing
an increased safety from accident.
Public-domain text, read in full here on John Shaqi.
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