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Facsimile PDF - Online Library of Liberty

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364 itfET'€OD.S OF SOClAL REFORM.<br />

I proceed to discuss in more detail the objections to the<br />

second scheme, that the Government should both purchase<br />

and work the railways. I dismiss, as <strong>of</strong> no account, some <strong>of</strong><br />

the evils attribute$ to it, as, for instance, the great patronage<br />

and political influence which it would place in the bands <strong>of</strong> the<br />

Cabinet. My objections are, that it mould realise very few <strong>of</strong><br />

the prodigious advantages anticipated from it, and that it<br />

would probably bo a disastrous financial operat,ion. It is<br />

impossible that I should find space in this Essay to explain<br />

fully the Objections arising against the scheme; I must confine<br />

myself chiefly to showing that the grcnt advantages expected<br />

to accrue from it are illusory, founded on false analogies, and<br />

genernlly inconsistcnt inter SL'. Government is to give us lorn<br />

fmes, bettor carriages, punctual trains, univcrsnl through<br />

booking; it is to carry workmen daily to and from t'lleir work<br />

at nominal charges, to convey goods at cost price, to dist,ributo<br />

the nmils free <strong>of</strong> cost., to do nmay with all tho differential<br />

charges which enable somc companios to earn a fair dividend,<br />

whilc it, is at the same time to reap n net revenue from railway<br />

traffic, over and abovo the present average dividends and<br />

interest on loans, and in duo time to pay <strong>of</strong>f the National Debt.<br />

Assuming for tho moment that t,hc notion <strong>of</strong> the English<br />

Government. purchasing and working thc whole <strong>of</strong> t.hc railways<br />

is conceivnblr, my picturc <strong>of</strong> thc result's would bc very different.<br />

In tile first instance tho Governmrnt n-auld pay from 50 to 100<br />

pcr ccrlt. more than the p1,opcrtJ- is cornu~ercially worth; the<br />

t'conotny al*ising from unity anti ceutralisntion <strong>of</strong> manngemeut<br />

would bo more than counterbalanced by the want <strong>of</strong> economy<br />

in tho purchase, use, and sale <strong>of</strong> stores; the Government must<br />

either manago vast factories for making and repairiug engines,<br />

carriages, and all the complicated machinery <strong>of</strong> the permanent<br />

way, or it must be cont,inually buying by contract and selling<br />

waste stores again, with the pecuniary advantages familiar to<br />

us in the case <strong>of</strong> t,he Admiralty Department. In planning<br />

extensions it must stir u1' nll kinds <strong>of</strong> local int.erests and<br />

intense agitation and competition, and all the struggles <strong>of</strong> the<br />

Committee-rooms would be repeated in rtnother and perhaps a<br />

more corrupt form. In adjusting claims for compensation,

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