Last week, San Francisco's huge Golden Gate Bridge was one year old, and well into the red. In its first year the bridge showed an operating deficit of close to $235,000. Main reason: the Southern Pacific's auto ferries shuttle cars across the Gate at 30¢ per trip. The bridge toll is 50¢. Last year the ferries made more than $50,000. Bridge officials have contrived a solution to their problem quite compatible with much new-style Alice in Wonderland economics. They appealed to the California Railroad Commission to force the ferries to raise their charge to 50¢. While waiting the Commission's decision last...
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