I think that you may be right CVRA7.
There's a great quote in the Weller book in a chapter titled "Trolley Follies" (
)that pretty much sums everything up. It's a Q&A between Chief Counsel for the Interstate Commerce Commission Robert Folk and President Charles Sanger Mellen, president of the New Haven. It goes;
Mr. Folk: "So it was your idea to concentrate the control of the transportation systems of New England in one monopoly ?"
Mr. Mellen: "I came pretty near doing it."
Mr. Folk: "Regardless of cost ?"
Mr. Mellen: "The cost of a seperate unit in a large system of transportation is not so material....A man that considers every time he buys an orange the price of the orange, if he is going to buy an orange orchard -that man never gets anywhere."