Historical Sketch of State Railway Ownership (Classic Reprint)
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| Hersteller: | Forgotten Books (Acworth, W. M.) |
| Stand: | 2015-08-04 03:50:33 |
Produktbeschreibung
Excerpt from Historical Sketch of State Railway Ownership On the 24th of May, 1830, the first few miles of the Baltimore & Ohio Railroad were opened for traffic. Four months later, on Sept. 15, came the opening of the whole thirty miles of the Liverpool and Manchester. A yet more conspicuously dramatic event, for not only did this line connect two of the greatest cities in the world, but a Cabinet Minister was killed by one of the first trains run. And so, at the outset, the United States and England, the two countries where capital was most abundant and most venturesome, accepted, half unconsciously no doubt, the principle to which they have since adhered; and, relying on that spirit of individual enterprise which centuries of history had called forth and fostered, entrusted the development of their railways ro the unaided energy of private citizens organized into voluntary corporations. "The English and American maxim is," says Mr. A. T. Hadley, President of Yale, in his well-known book, "Railroad Transportation, its History and its Laws," "that whatever can be done without Government, should be thus done. The Continental principle is that whatever can be done by Government, should be." How far operating a railroad was a thing that could be done by Government, must have been a difficult question to solve in the early days. For though construction and maintenance of roads and canals had long been recognized as a Government function, no Government had ever monopolized the carriage of traffic on these highways; and at a very early stage in railway history it became clear that the owner of the road must in this case have also the exclusive right of carriage along it. But abstract considerations are apt to go to the wall when practical questions press for instant solution About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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