Competition
As the canal brought travelers to New York City, it took business away from other ports such as Philadelphia, Pennsylvania, and Baltimore, Maryland. Those cities and their states chartered projects to compete with the Erie Canal. In Pennsylvania, the Main Line of Public Works was a combined canal and railroad running west from Philadelphia to Pittsburgh on the Ohio River, opened in 1834. In Maryland, the Baltimore and Ohio Railroad ran west to Wheeling, West Virginia, also on the Ohio River, and was completed in 1853.
Other competition was more direct. The Mohawk and Hudson Railroad opened in 1837, providing a bypass to the slowest part of the canal between Albany and Schenectady. Other railroads were soon chartered and built to continue the line west to Buffalo, and in 1842 a continuous line (which later became the New York Central Railroad and its Auburn Road in 1853) was open the whole way to Buffalo. As the railroad served the same general route as the canal, but provided for faster travel, passengers soon switched to it. However as late as 1852, the canal carried thirteen times more freight tonnage than all the railroads in New York State combined; it continued to compete well with the railroads through 1902, when tolls were abolished.
The New York, West Shore and Buffalo Railway was completed in 1884, as a route running closely parallel to both the canal and the New York Central Railroad. However, it went bankrupt and was acquired the next year by the New York Central.
Read more about this topic: Erie Canal
Famous quotes containing the word competition:
“The elements of success in this business do not differ from the elements of success in any other. Competition is keen and bitter. Advertising is as large an element as in any other business, and since the usual avenues of successful exploitation are closed to the profession, the adage that the best advertisement is a pleased customer is doubly true for this business.”
—Madeleine [Blair], U.S. prostitute and madam. Madeleine, ch. 5 (1919)
“Such joint ownership creates a place where mothers can father and fathers can mother. It does not encourage mothers and fathers to compete with one another for first- place parent. Such competition is not especially good for marriage and furthermore drives kids nuts.”
—Kyle D. Pruett (20th century)
“The praise of ancient authors proceeds not from the reverence of the dead, but from the competition and mutual envy of the living.”
—Thomas Hobbes (15881679)