What was to replace it? Government ownership? Some of the people who in
1916 had a stray thought or two that the state ownership and operation of
our railroads might not be such a bad thing after all, by the end of 1920
were pretty well disillusioned. At the beginning of this book I reviewed
in some slight detail the achievements and the failures of the United
States Railroad Administration. It proved that in the centralization of an
entire railroad structure of this land certain great operating economies
might be accomplished; it also proved quite as definitely the fact that
our 265,000 miles of railroad consolidated into a single structure was far
too clumsy and too unwieldy for any sort of efficient operation
whatsoever. A paradoxical statement in sound, but one in fact quite
accurate.
Three years ago I attempted the fabrication of alternative railroad
centralization and decentralization schemes. In the one I bowed abjectly
to our great American god of competition. To the limit of my ability and
knowledge I recognized banking control, natural traffic routes and
breaking points, and interlocking directorates and ownerships. On paper I
laid down a number of "competitively consolidated" railroads--not more
than twenty, or at the most twenty-five,--for the entire United States. I
linked widely separated roads because they already had linked themselves
by joint ownership; I split New England in twain, giving the New Haven to
the Pennsylvania and the rest of her railroads to the already overburdened
and somewhat unwieldy New York Central. Such moves followed the logic of
Wall Street. The comfort and convenience of Boston mattered not at all.
Did she not have competition? What mattered it that under such a plan the
Baltimore and Ohio, the Erie, the Lackawanna, the Lehigh Valley, or the
Canadian roads would have no entrance either to her or to the fine
industrial territory about her, save over the rails of competitors? That
was a mere detail!
And while Boston might have the competition of two roads, little of the
rest of New England would. As I have already said in this book, railroad
competition may be the industrial necessity, nay even the very breath of
commercial life, to such fine manufacturing towns as Rochester or Akron or
Dayton or Grand Rapids, but how about such fine manufacturing towns as
Bridgeport, New Haven, Hartford, and Providence? Are they not also
entitled to the breath of commercial life? Yet to give these four big
typical New England towns railroad competition would mean the complete
dismemberment of the compact New Haven system--an almost utter
impossibility. Southern New England is already pretty tightly set as a
simon-pure railroad region. It can be regarded as nothing else.
Public-domain text, read in full here on John Shaqi.
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