Excerpt from Government Versus Private Railroads, Vol. 5: Journal of the National Institute of Social Sciences; Founded in 1912 Under the Chapter of the American Social Science Association, Incorporated by Act of Congress, January 28, 1899; June 1, 1919 After a time, for reasons that are Obvious to all today, the disadvantages Of various forms of competition between these private companies showed themselves and the small lines began to amalgamate and form larger groups, until before long in many countries, instead of private competition between separate railways, a Condition supervened more and more approaching a series of private monopolies. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.