. Railway age . One Im-provement or extension of service to getfreight demanded another to dispose of Mercantile .Marine Company grew dif-ferently. It was the last step in a series ofconsolidations of The .\merican Linehad taken over the Inman Line in 1884. Ithad later taken over the Red Star Line andbecome the International Navigation Com-pany. This company now withfour other great lines for the purpose, not ofextending service, but of making living ratesat a time when severe competition madegeneral loss. Its genesis, therefore, differs profoundly from that ofthe
. Railway age . One Im-provement or extension of service to getfreight demanded another to dispose of Mercantile .Marine Company grew dif-ferently. It was the last step in a series ofconsolidations of The .\merican Linehad taken over the Inman Line in 1884. Ithad later taken over the Red Star Line andbecome the International Navigation Com-pany. This company now withfour other great lines for the purpose, not ofextending service, but of making living ratesat a time when severe competition madegeneral loss. Its genesis, therefore, differs profoundly from that ofthe other great companies. In some respects the law compelling consolidation and the estab-lishment of feeders works with stronger force among steamshiplines than among railroads. The railroad runs through certain terri-tory where it has scores of stations supplying It with traffic andmany of them are so situated that they control freight that can findno other suitable outlet. This much the railroad has beyond per-. West Indian Service. 224 THE RAILROAD GAZETTE. Vol- N ulthem do, miiHl llnd ItH freight there or nowhere, and In the port(competition In and the freight may ko to any rival, if it haMMome loastinR lineH UrlnKing in freight, the Hitiiation lit instantlydifferent The uonipany thai niiiH a line on one route only Ih at the mercyof any local nuctuation In trainc. A Htrike even might Hpoll theproUtH of a quarter, ho might a drought or any local uncontrollablediflurbance. Then, too, there are Hi^asonK in nearly all tradeHduring which the traflic Ih abundant and others in which It , JuhI after lime, wheat, corn and cotton go forwardIn quantity and the tra<le falU away to Hmall proportions an thenext harvest approaches. The Hteamshlp company with many linescan have IIh annual worlerlty In one(|uarter as ilulness conies in another. Instead of having shl|
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Keywords: ., bookcentury1800, bookdecade1870, bookidrailwayage44, bookyear1870
