. History of the Old Colony Railroad : a complete history of the Old Colony Railroad from 1844 to the present time in two parts . ilding this new railroad. In their report for 1871 the commissioners gave their views asto the policy which might fairly be expected of railroad corpora-tions, in these words : That policy should be a tentative but apersistent one, — a continual effort to see when and how and whereany portion of the burden now pressing on industry could be soremoved or so shifted as to enable production to expand, thus replac-ing in one direction what was conceded to it in another.
. History of the Old Colony Railroad : a complete history of the Old Colony Railroad from 1844 to the present time in two parts . ilding this new railroad. In their report for 1871 the commissioners gave their views asto the policy which might fairly be expected of railroad corpora-tions, in these words : That policy should be a tentative but apersistent one, — a continual effort to see when and how and whereany portion of the burden now pressing on industry could be soremoved or so shifted as to enable production to expand, thus replac-ing in one direction what was conceded to it in another. The com-missioners called for no sacrifice of dividends ; they did ask for aconstant exercise of ingenuity and for a sacrifice of ease. A veryexcellent illustration of the steady pursuance of such a policy, andthe excellent results flowing from it, is furnished in the foregoingstatement of the experience of the Old Colony & Newport RailroadCompany. It is full of instruction to all who feel an interest in thestudy of railroad development. The commissioners fully concurredin the closing paragraphs of this OLD COLONY RAILROAD. 93 Considerable reduction has been made during the last year inthe local fares and freights, especially in the district within fifteenmiles from Boston. This has resulted in an immediate increase inour business; and the development of the towns and villages alongthe line of the road promises a greater increase in the future.(Report of Old Colony and Newport R. R. Co., 1871.) In 1870, after extension from Orleans to Wellfleet, the tariff forpassengers in present use was made, and the rates varied slightly toconform to the following basis,—three (3) cents per mile for Bostonand way stations on the Old Colony & Newport Railway, and31-2 for 60 miles and 41-2 for 5 miles, and in a proportionate ratiofor distances between 5 and 60 miles. On passengers by stages andsteamboats to and from us, this company realizes less than threecents per mile, a
Size: 1217px × 2053px
Photo credit: © Reading Room 2020 / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., bookcentury1800, bookdecade1890, booksubje, booksubjectindustries
