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| Re: NYC Rail networks—bursting at seams? (1352851) | |||
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Re: NYC Rail networks—bursting at seams? |
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Posted by Dyre Dan on Wed May 20 05:56:49 2015, in response to Re: NYC Rail networks—bursting at seams?, posted by WillD on Wed May 20 03:34:27 2015. HBLR is probably the best known example of DBOM, even if it is not a typical one. Certainly, I first heard the term in connection with that system.Whether the IRT or BMT could have continued providing service at a "rate the market would bear" is unknown, since they were prevented from raising the rate at all. The IRT wanted a seven-cent fare, and I suspect the riding public would have paid it readily. And as I've said before, when the subway contracts were signed - the original for for the IRT, or even the Dual Contracts in 1913 - there was no reason for anyone to anticipate the kind of inflation that would soon hit the U.S. dollar. From before the founding of the United States to the time of the Dual Contracts, "one dollar" had always meant about 1/20 of an ounce of gold (or the equivalent in silver), and "five cents" meant 1/20 of that. For that to change significantly after the contracts were signed was like changing the meaning of the words in the contract after they were agreed to. |
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