Railway Property: a Treatise On the Construction And Management of Railways: Designed to Afford ...
Railway Property: a Treatise On the Construction And Management of Railways: Designed to Afford ...
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In our eReader you can find the full English version of the book. Read Railway Property: a Treatise On the Construction And Management of Railways: Designed to Afford ... Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Railway Property: a Treatise On the Construction And Management of Railways: Designed to Afford ...
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In the condition of many railways in this coun- try, the amount of traffic in competition isn^ery large, and the proprietary interest involved in its management very important. Cases occur in which it is very difficult to manage it successfully ; but in many others, the only thing necessary, is a sound business sagacity, exercised with fidelity and firmness to secure paying rates. A competing railway is not like the competition of stage coach lines, where one party aims at breaking down the oth...er, and thereby securing a monopoly of the trade; for a railway that has a local traffic suffi- OPERATING CX)MPETITION. 297 cient to keep it in operation, will always have the power to act on its rival. It cannot be broken down, and will always be in the field as a compe- titor, and if it cannot maintain the rival traffic at a profit, will be able to prevent its competitor from making profit; and though naturally inferior in capacity, its inferiority is not often so decided as to prevent it from destroying in a great measure, if not wholly, the profits of the rival line.
What to read after Railway Property: a Treatise On the Construction And Management of Railways: Designed to Afford ...?
You can find similar books in the "Read Also" column, or choose other free books by John Bloomfield Jervis to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In the condition of many railways in this coun- try, the amount of traffic in competition isn^ery large, and the proprietary interest involved in its management very important. Cases occur in which it is very difficult to manage it successfully ; but in many others, the only thing necessary, is a sound business sagacity, exercised with fidelity and firmness to secure paying rates. A competing railway is not like the competition of stage coach lines, where one party aims at breaking down the oth...er, and thereby securing a monopoly of the trade; for a railway that has a local traffic suffi- OPERATING CX)MPETITION. 297 cient to keep it in operation, will always have the power to act on its rival. It cannot be broken down, and will always be in the field as a compe- titor, and if it cannot maintain the rival traffic at a profit, will be able to prevent its competitor from making profit; and though naturally inferior in capacity, its inferiority is not often so decided as to prevent it from destroying in a great measure, if not wholly, the profits of the rival line.
What to read after Railway Property: a Treatise On the Construction And Management of Railways: Designed to Afford ...?
You can find similar books in the "Read Also" column, or choose other free books by John Bloomfield Jervis to read onlineMoreLess
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