All in the Day's Work: An AutobiographyTarbell, Ida M. (Ida Minerva)
History
All in the Day's Work: An Autobiography
Tarbell, Ida M. (Ida Minerva)
Journalists -- United States -- Biography; Tarbell, Ida M. (Ida Minerva), 1857-1944
“Well,” Judge Gary laughed, “if you can find anything wrong in our
doings I want to know it. I had George Wickersham in here for a year or
more going over the whole set-up telling me what he thought we ought not
to do, and I followed every suggestion he made. The Government has had
its agency here for two years examining our books, and they gave us a
clean bill of health. The Supreme Court has refused to declare us a
monopoly in restraint of trade. Do your worst, and if you find anything
wrong I shall be grateful.”
I felt more of an amateur than ever after that. I also concluded that it
would be sheer cowardice on my part to refuse the job which I really
needed. I had not been long at my task, however, before I was heartened
by the certainty that, from the formation of the Corporation, Judge Gary
had made a steady and surprisingly successful fight to strip the
businesses which he was putting together of certain illegal privileges,
as well as to set up an entirely new code of fair practices—the Gary
Code, it was jeeringly called in Wall Street.
Orders went out neither to ask nor to accept special favors from the
railroads. Full yearly reports of the financial condition of the
Corporation, whether good or bad, were sent out. These reports reached
the public as early as they did the directors themselves, putting an end
to the advance information which many insiders were accustomed to using
for stock selling or buying. Various forms of predatory competition were
attacked from the inside. Judge Gary not only laid down his code, he
followed it up, preached it zealously to his board.
Another unheard-of innovation was his support of President Theodore
Roosevelt’s attempts to control business. It had become an axiom of Big
Business to fight every effort of the Government to inspect or regulate.
When Gary took the opposite course, applauded Roosevelt’s efforts,
declared that he was doing business good, doing him good, he was treated
as a traitor by many colleagues.
Well, this seemed to me as good business doctrine as I had come across
in any concern—much better, more definite and practical as a matter of
fact than I got from most corporation critics. But how far was this
followed up in practice? Before I was through I made up my mind that
Judge Gary’s code was applied just as completely and as rapidly as he
could persuade or drive his frequently doubting and recalcitrant
associates to it. But that took time, took frequent battles. Indeed,
more than once he had come close to losing his official head, fighting
for this or that plank in his platform. The Gary Code and the effort to
put it into practice reconciled me to my task.
Public-domain text, read in full here on John Shaqi.
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