His job was vastly different from that of McAdoo. The job, like the man,
now lacked fireworks. There were no longer troops and their munitions to
be moved double-quick to the seaboard; instead there was the rather
leisurely return of the boys in khaki to their homes. Industrial
production across the land was slackening, not quickly but appreciably.
Oddly enough, however, railroad revenues still were increasing; they were
not to reach their peak until near the end of 1920. Total operating
revenues of the Class I roads, which were $4,014,142,743 in 1917, and
which had increased to $4,880,953,480 in 1918, came to $5,144,795,154 in
1919. In 1920 they reached, under the stimulus of tariff increases ranging
from 20 to 50 per cent., the enormous summit total of $6,171,493,301. In
the first ten months of 1921, the most recent figures at hand, they were
but $4,672,651,346, as compared with $5,082,819,687 for the same ten
months of 1920.
It was under the Hines administration that most of the national working
agreements were made, to which the private railroad operators were to take
such extreme exception after the return of the properties to their
control. But again I must ask you to defer comment or criticism until we
have taken up the entire question of railroad labor as a sizable problem
by itself. It is enough to say here that Hines encountered a very
considerable opposition when he raised wages generously, and raised rates
not at all.
The fact remains, nevertheless, that Mr. Hines had in his stewardship a
very thankless job at the best; it is always hard to follow a prima donna
upon the stage. And McAdoo was some prima donna! Yet in loyalty and in
energy Hines gave place to no one. He took the thankless job and made the
best of it. He undermined his health by his devotion to it and received no
praise from any quarter. His best reward must come in his own knowledge
that, all in all, he did a good job, with difficult timber--the best of
the subordinates of the Railroad Administration already were leaving it
for future peace-time jobs of permanency--and with no encouragement
whatsoever. And when the United States Railroad Administration ceased its
active career upon March 1, 1920, and handed the railroads back to their
owners for operation, I fancy that none was more rejoiced than Walker D.
Hines.
What then was the net result of our first--and possibly our last--national
experiment in the government operation of our huge railroad plant?
Public-domain text, read in full here on John Shaqi.
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