Railroads: Rates and RegulationsRipley, William Zebina
History
Railroads: Rates and Regulations
Ripley, William Zebina
Railroads -- Freight -- Rates -- United States; Railroads and state -- United States
The panic of 1857 and the increasing bitterness of the slavery
question, followed by the outbreak of the Civil War, quite diverted
the attention of the country from internal development. Railroad
construction had already declined from 3,600 miles in 1856 to 1,837
miles in 1860. It fell to less than 700 miles in 1861. Brisk recovery
set in after 1865; but it was not until 1868 that any rapid growth
again ensued, or even a resumption of the activity of the preceding
decade. All of the southern lines were prostrated; the north and south
roads, like the Illinois Central system, stood still. The western
railway net alone was slowly expanding. The Burlington grew from 168
miles in 1861 to over 400 miles in 1865; and the Chicago & Northwestern
then succeeded in bridging the Mississippi. The Erie was still a more
important route by fifty per cent., measured by ton mileage, than the
New York Central; although its evil days, under the control of Jim
Fiske and Jay Gould in 1866-1869, were about to begin. The Mecca of
trade from the Atlantic ports was still St. Louis, although Chicago
outgrew it during the decade. The predominant direction of trade is
shown by the widespread public interest in New York in the newly opened
Western & Atlantic railroad, which by a spur from the Erie road at
Salamanca, was to shorten the time of shipment of goods from New York
to Cincinnati from one month to a week. The commercial star of New York
was steadily rising. A great aid thereto was, of course, the progress
of consolidation among the connecting links to Chicago. Vanderbilt and
Scott were busily engaged in this constructive work. The former had
shifted his interest from steamboats to railroads, and became dominant
in the Harlem and Hudson River roads in 1863-1864. Three years later
he secured control of the New York Central from Albany west, and
consolidated it with the Hudson River line. These trunk line roads, the
Pennsylvania and the New York Central, both finally secured connections
with Chicago in 1869. A channel for new through currents of trade
merely awaited the growth of business.
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