The Railway Situation in Italy

Filippo Tajani

The Quarterly Journal of Economics, 1909, vol. 23, issue 4, 618-651

Abstract: I. Introductory. Character of railway concessions in Italy, 619.—Railways not profitable, State aid always essential, 621.—Oscillations of public and private management, 623.—Public management now settled, 625.—II. Conventions of 1885 and resumption of State operation in 1905. Three railway systems established in 1885, 627.—Complicated financial relations, 629.—Reserve funds, 631.—Inadequacy of reserve funds because of failure of traffic to grow, 632.—Other causes of trouble, as to rates and wages, 634.—Immediate occasion of resumption of State operation in 1905: procrastination in negotiations with the companies, 635; and friction with the employees, 636.—III. State operation since 1905. How far autonomy of railway administration has been established, 638.—The balance sheet and budget, 642.—How rates are regulated, 644.—Financial outcome; difficulty of reaching precise conclusions, 645.

Date: 1909
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