We now come to a class of criticisms and proposals wholly different
from those which have hitherto been considered. In the report by
Sir Bernhard Samuelson (page 22) is a recommendation that railway
companies should either amalgamate, or make agreements between
themselves, for the division of the receipts from competitive
traffic, so as to reduce the working expenses.[102] Probably for the
first time has this suggestion come from such a quarter. Manifestly
it is beginning to be understood that undue competition between
railways is injurious to the companies without being beneficial
to the public, and that, in the interests of both, it should be
moderated.
[102] “The loss arising from the unnecessary multiplication of
train services, as well for the passengers as for the goods, the
avoidance of which was one of the principal motives which decided
the Prussian Government to purchase their railways, may be obviated
in this country, by a more intimate fusion of the interests of the
various railways, either by amalgamation or by the consolidation of
their interests in some other way, under the sanction of Parliament;
care being taken that the interests of the public in regard to
accommodation and charges are duly safeguarded. I have reason to
believe that, so far as the railways north of the Thames and west
of the metropolis are concerned, the more active and enlightened
directors are by no means unprepared for a step of the kind.”
Hitherto, the public and Parliament have looked with jealousy on
arrangements between railway companies intended to lessen the waste
caused by undue competition. The statements so often put forward
by companies that the expenditure of capital in the construction
and working of unnecessary competing lines is not beneficial to the
public, have been disregarded. Any scheme which professed to meet
“public requirements,” and promised multiplication of trains and the
carriage of railway traffic at a high rate of speed, has met with
favour in and out of Parliament.
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