Year ago the German State Railways slightly raised passenger fares, issued sanguine predictions that revenue for 1929 would show an increase of 50,000,000 marks ($11,900,000).
Thrifty Germans weighed miles against marks, slow and cheap local trains against the several grades of German expresses, each with its slightly extra fare. Result reported last week: passenger train revenue did not bounce with the higher fares but slumped 16,000,000 marks ($3,800,000).
Freight rates were also increased a year ago, and grudging but helpless shippers paid an extra 200,000,000 marks ($47,600,000).
With a nice flair for the appropriate...
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