In these enlightened days of state-controlled railways and fare control it is sometimes difficult to believe that there was a time when railways were monopolies red in tooth and claw and were more or less free to do what they wanted.
And here, from a hundred years ago, we have an egregious example of precisely the sort of monopoly abuse we have so often been warned of. It’s revision time for fares and you know what’s coming: they’re… er… reducing them:
Well, that’s as may be but the only reason they’re doing that is because they’re making the service… er… better:
In anticipation of the opening of the first section of the electrified suburban lines during the coming year…
As it happens the lines to which they refer weren’t electrified until 1916 – not that that is particularly important.
So, what’s going on? Well, as Brian Micklethwait likes to point out everything competes with everything else. Railways may not compete much with other railways but they sure as hell compete with buses, trams, cars, moving nearer work and finding a job nearer where one lives.
Even so, railwaymen often refer to the “sparks effect”. This is the phenomenon whereby a newly electrified line will see a significant increase in passengers. With that in mind you would have thought they could increase their fares. I can only imagine fares are being reduced because they are able to run more services.
By the way, not strictly relevant but I loved this from column 1 on the same page:
Mr J. D. Gilbert asked the chairman of the Highways Committee whether in view of the by-laws allowing passengers to stand in the tramcars, the committee had considered the advisability of issuing notices, similar to those in use in Manchester, asking ladies to have all hatpins protected.