These things apparently could not have been done under private management;
at any rate they were not done under private management, although it is
but fair to say that some of the far-sighted railroaders who sat at the
table of the former Railroad War Board--which had attempted at the
eleventh hour to consolidate the lines and so save the obvious perils of
government operation, even as a temporary war measure--had the vision of
these very consolidation economies. They had the vision but not the power.
Too many powerful considerations bore in upon them and bore them down.
Regulation, which was not fair regulation, the inability to finance the
lines with rates fixed and expenses increasing by leaps and by bounds,
competition refusing to bury itself even in emergency, even traditional
jealousy--all these things prevented the Railroad War Board, constituted
by the roads themselves to have a sort of supreme authority, from
accomplishing its real purpose. These things were accomplished by the
United States Railroad Administration and William G. McAdoo, as
director-general of railroads, almost at the very beginning.
* * * * *
I have set down these operating details of the United States Railroad
Administration under its first director-general at some length, not
because of any desire to glorify Mr. McAdoo but because I may want to
refer to them again in the final chapters of this book when I am
endeavoring to show the folly and the waste of many of the phases of our
competitive system of railroading in the United States. Failure as it was
in many ways, the McAdoo episode was perhaps valuable after all as a
laboratory experiment in rail transport. I am not sure but that as such it
was worth every cent that it cost; and its cost was not small. For some
years past, before the coming of the war, a certain proportion of our
railroaders had been getting into something of a rut, to put it lightly.
McAdoo came along and, if he did nothing else, succeeded in shaking them
well out of that rut. Yet it is but fair to recall again that the Railroad
War Board might have done the same thing had it possessed two great powers
that the United States Railroad Administration possessed--absolute
authority and virtually unlimited financial resources. McAdoo, on the one
hand, might order new locomotives by the hundreds and box-cars by the
thousands--no matter what the price, we were at war--and upon the other,
he could--and did--raise the railroad tariffs, both freight and passenger,
to a point hitherto deemed virtually prohibitive. He raised the rates all
the way from 25 to 35 per cent., and the railroads but two or three years
before had found the Interstate Commerce Commission deaf to their appeals
for mere 5 and 10 per cent. advances.
CHAPTER III
THE UNITED STATES RAILROAD ADMINISTRATION (CONTINUED)
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account