Capitalists and financiers -- Fiction; Gold -- Fiction; South America -- Fiction; Wall Street (New York, N.Y.) -- Fiction
It is sometimes safe to defy an indifferent majority, but he is a fool
who throws himself before the Juggernaut of roused and unanimous public
opinion. The owners of the Manhattan Elevated Road were not fools in all
things; so the first effect of the mayor’s news was a sharp decline in
the price of their shares. The danger was, however, a distant one for
them. By no possibility could so vast an undertaking be completed under
five years, and within that time conditions would probably so change
that there would be traffic enough to yield a reasonable profit to both
systems. New bridges both to Long Island and New Jersey, to say nothing
of tunnels, were also under way. These would furnish partial relief to
the congestion, while they would bring fresh traffic to the short
distance service, which would become an important part of the elevated
railroad system. Competition in what may be termed the trunk-line
business need not, therefore, be disastrous to existing rapid transit
lines. It would rather come as a relief, just as the street-car lines
found the opening of the elevated roads to be twenty years before.
But the public paid little attention to the first discomforture of the
elevated railroad magnates. Rather they rejoiced in it, especially as
the erstwhile masters of the situation soon began to manifest a more
conciliatory attitude toward their suffering patrons. A new principle
seemed to have been discovered in the offices of the octopus
corporation. Grievances that were easy of correction were remedied.
Public opinion was worth catering to when you needed it. Arrogant
defiance on one side, and exasperated endurance and hearty hatred on the
other, was a condition of things which must not be allowed to continue,
when the sufferers and haters would soon be in a position to take full
revenge. So a very strange but becoming humility softened the attitude
of New York’s purveyors of so-called rapid transit. They endeavored to
convince the people that really they were doing the best they could. And
so unresentful is the average New Yorker, that after a few smiles at the
hypocrisy of it all, he accepted the new facilities now supplied, and
was appeased.
Public-domain text, read in full here on John Shaqi.
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