The Railroad Question: A historical and practical treatise on railroads, and remedies for their abusesLarrabee, William
History
The Railroad Question: A historical and practical treatise on railroads, and remedies for their abuses
Larrabee, William
Railroads; Railroads -- United States; Railroads and state -- United States
The Camden and Amboy Freight Company soon arrived at the conclusion that
it could not permit such rivalry. It appealed to the legislature for
protection. Resolutions were passed in its favor, but the Philadelphia
and Trenton Railroad Company paid no attention to those resolutions, but
quietly continued to lay its track. Mr. Stockton and his friends did not
dare to invoke the aid of the courts, because a judicial investigation
might have resulted in the destruction of their own charter. The
situation was critical, but Mr. Stockton was equal to the occasion. He
bought quietly a sufficient number of shares to control the management
of the Philadelphia and Trenton road, and, in April, 1836, secured the
consolidation of the Philadelphia and Trenton and the Camden and Amboy
railroad companies.
The canal of the company was not completed until 1838. It had consumed a
sum of money largely in excess of the original estimate. To connect the
two lines of the consolidated company, a branch road was constructed
from Trenton to Bordentown. Later the road from Trenton to Brunswick was
completed and an agreement entered into with the Jersey City company for
a division of the traffic of the two roads. The large cost of these
improvements suggested to the company the advisability of increasing its
revenues and of decreasing its expenditures. Its charter provided for a
payment to the State of 10 cents for each through passenger. By an
artifice the company avoided the payment of this tax. It compelled its
through passengers to walk over the bridge at Trenton and then continue
their journey by rail via Bordentown to Jersey City.
The company's charter also stipulated, that the fare between New York
and Philadelphia should not exceed $3 per passenger. Its officers
interpreted this stipulation to apply only to the intermediate traffic
and proceeded to collect $2.50 for the trip from New York to Trenton,
and $1.50 from there to Philadelphia, thus increasing the fare for the
entire journey to $4.00, one dollar above the maximum allowed by law.
One Jacob Ridgway, who was the owner of a ferry-boat at Camden, saw here
an opportunity for starting a lucrative business. He bought a steamer
and carried passengers from Philadelphia to Trenton for one-third of the
fare demanded by the railroad. After the Camden and Amboy Company had
made several unsuccessful attempts to intimidate Mr. Ridgway and his
force, one of which even brought Mr. Stockton in contact with the
criminal courts, it purchased the boat with all terminal facilities at
Philadelphia and Trenton. The attention of the legislature of New
Jersey was repeatedly called to the company's failure to comply with the
provisions of its charter, but these appeals were on the whole of no
avail. In 1842, after a long discussion, a resolution was carried
declaring the charge of $4 for the through journey illegal, but the
company entirely ignored this legislative reminder and continued its old
tariff.
Public-domain text, read in full here on John Shaqi.
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