Boston Railways; Their Condition and Prospects

Boston Railways; Their Condition and Prospects

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1856 edition. Excerpt: ...materially affect the amount of short local travel. It is believed by the reform party, that an advance in price, even if coupled with a diminution of trains, would not materially diminish the number of passengers. The influence of low fares on revenue is well shown in the effect produced by the reduction of postage rates in Great Britain and in this country. In Great Britain, with average rates of sixpence during the twenty years' preceding reduction, there was no increase of revenue. The first year after reduction to one penny, revenue declined five millions of dollars; but such has been the increase since, the net revenue from postage is several millions more than it was under the old rates. In the United States, for several years previous to 1838, the annual increase of revenue was about half per cent. From 1838 to 1845, a period of seven years, revenue increased but one-twentieth of one per cent, or xixr of one per cent per annum. In 1845, rates were reduced to five and ten cents: revenue increased fourteen per cent per annum for six years. In 1851, rates were reduced to three cents; and although the revenue declined at first, as might naturally have been expected from so great a reduction, yet it is steadily increasing, and in 1854 was fifty per cent greater than in 1844. These facts in relation to postage are presented as a striking proof that the public are materially influenced, in the use they make of a public convenience, by its cost; and when it is considered that, after the reduction of postage rates, it was necessary to increase the number of letters three to six fold, in order to produce a revenue equal to that derived under the higher rate, the great number of people who were influenced in the amount of their correspondence by more

Product details

  • Paperback | 34 pages
  • 189 x 246 x 2mm | 82g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236501276
  • 9781236501271