With little to no regulations governing the use of automobiles you can just imagine the kind of reckless behaviour that the first motorists got up to. One of the first recorded instances of this happened in the UK on January 28, 1896.
A man by the name of Walter Arnold of East Peckham, Kent was caught travelling at four times the speed limit. Yes that limit was only 2 mph but the point remains.
What was his fine for going 8 mph? 1 Shilling, a sum enough to warn off other potential speedsters? In a word, no.