. Railway and locomotive engineering : a practical journal of railway motive power and rolling stock . rans-portation needs of the country, it will benecessary to have a severe panic whichwill force workers in the city back to thecountry where food is plentiful. Onething is certain: If our country is tohe prosperous, the railroads must receivefair treatment. They must receive com-pensation for service rendered which isproportionate to that of other industries,and sufficient to provide incentive for in-dividual initiative. It is almost twentyyears since Mr. Whitelaw Reid deliveredan address at
. Railway and locomotive engineering : a practical journal of railway motive power and rolling stock . rans-portation needs of the country, it will benecessary to have a severe panic whichwill force workers in the city back to thecountry where food is plentiful. Onething is certain: If our country is tohe prosperous, the railroads must receivefair treatment. They must receive com-pensation for service rendered which isproportionate to that of other industries,and sufficient to provide incentive for in-dividual initiative. It is almost twentyyears since Mr. Whitelaw Reid deliveredan address at the Founders Day exer-cises of the Carnegie Institute in Pitts-burgh, selecting as his subject, WhereinLies Its Power- Mr. Reid brought outthat the American system of governmentwas the most expensive and inefficientform of government on earth. Thepower of the American form of govern-ment lay in that it created individual ini-tiative to a greater extent than any otherform of government. PRIVATE CAPITAL BUILT OUR RAILROADS. The transportation system of our coun-try, which more than anything else has. made our country powerful, was devel-oped by individual initiative. Practicallyour entire railroad system as it exists to-day was projected and established withprivate capital, whereas in many otherlands the railroads are, and have been,subsidized or aided by the years ago our railroads led the worldin efficiency, and, with few exceptions, indecades gone by progress and prosperity marched side by side with the men wholaid the tracks, many of which were laidthrough thousands of miles of wilderness. IIUAL INITtA It is an American trait to be optimisticur nations future. The country hasconfronted many difficulties in the difficulties have always been over-come, but they have always been over-come to a large extent by the help ofindividual initiative. In the Daily Bulletin, May 26, 1920,Manufacturers Record, an article ap-pears which is headed, It Is No Timefor
Size: 1719px × 1453px
Photo credit: © Reading Room 2020 / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., bookcentury1900, bookdecade1900, booksubjectrailroa, bookyear1901
