Mikhail A. Reutern Quotes
Our whole future depends on the railways
Mikhail A. Reutern, 1820-1890, Russian Finance Minister under Czar Alexander II, Quoted in Dietrich Geyer, Russian Imperialism: The Interaction of Domestic and Foreign Policy, 1860-1914
Sourced by: Eigen's Political and Historical Quotations
MacNab was also a director of the Great Western Railway.
Ten years later, The Transcontinental Railroad was completed. What Sherman did not count on was the massive subsidies that the government offered the companies to build the railroad fast.
In America that had almost happened as the farmers were at the mercy of the railroad monopoly in any one area.
At the time, roads were built by the states. This was one of the first instances urging that the Federal Government take some responsibility for roads. This would culminate when President Eisenhower proposed and created the National Highway System and as Madison predicted, it would have a massive economic benefit for the nation.
It was on time and on budget. It is hard to imagine that we could complete a project this large today. It would take more than 8 years to do the studies and get the permits and fight off the lawsuits. However, the engineering feat for the up and coming young country was as Clinton said, “unparalleled in the experience of mankind.” America had already exceeded the Ancient Egyptians, the Europeans, the Chinese. The economic development for the young nation was enormous—as big as the digital revolution almost two centuries later.
Samuel Langhorne Clemens, 1835-1910. Railroads were vicious monopolies at the time. One technique they used was to build the railroad to the next town. The town would not only prosper by being able to ship its goods and produce back to other towns and cities. Once the town prospered a little, the railroad would extend the line to another town. Then they would raise the rates dramatically for the previous town. If they complained or some farmers or merchants would no longer use the railroad, the railroad would threaten to bypass the town and never stop to pick up and deliver goods. There was no government regulation that said that all towns had to pay the same rate or even a rate that was rationally related to the distance. Often the rate hikes were continued until the town was ruined. The only safety was for the towns or cities at the end where the railroad had to stop there to get cargo from ships or transfer to them. There was no legal requirement for railroads to be fair or reasonable.