Postal service -- United States -- Second-class matter
So in closing our consideration of this phase of our subject, permit me
to say that efficient civil service will never be attained--can never be
attained--if department, division and other supervising and directing
heads sit at their desks most of the time, approving documents and
requisitions, reading reports and talking politics. If they expect men
under them to work, they must get out on the job where they expect the
work to be done, and that, too, whether the job be in the office or in
the field.
CHAPTER XIV.
PARCELS POST RAIDERS.
Anyone who attempts to give our parcels post service anything like
careful, studious consideration will, at the very outset of such
consideration, find himself confronted by a number of bald facts which,
when fully rounded out and understood, should make unnecessary any
discussion of our claim that we need, should have and are entitled to
better and cheaper service than that we now have. Without attempting any
immediate discussion of these facts, I desire to present them, or some
of them, to the reader’s consideration just here at the opening of our
discussion of the subject. The desire to do this is prompted by a hope
that their presentation here will induce the reader to think of their
significance and their bearing upon the parcels post question in any fair
discussion of it.
Now for these facts:
1. There are about 250,000 miles of railroad in this country--more than
the aggregate mileage of all the other nations of earth.
2. The capitalization of the railroads of these United States is now,
according to Poor’s Manual of Railroads, the universally recognized
authority, about $18,800,000,000--_Eighteen billion eight hundred million
dollars_!
3. That capitalization is admittedly _twice_ the value of all the
tangible values--trackage, rolling stock, terminals, shops and
other--owned by the roads. In many instances the capitalization of a road
is easily three times the value of its tangible property.
4. Most of these railroads were built with borrowed money, covered by
bond issues, and the payment of the bonds met from the _earnings of the
roads_, or by new issues of bonds, payment of which has been, or it is
intended will be, met from earnings. In view of this method of financing
construction and equipment, it is well known in informed circles that
the present capitalization of these railroads is _ten or twelve_ times
the actual cash ever invested in them--that is, cash other than that
collected from the people for freight, passenger, and other service
rendered--rendered at rates _unscrupulously_ excessive. Some of the best
informed people have gone so far as to say that _all_ of the stock and
a considerable part of the bond capitalization of the nation’s railroads
_is water_.
5. There are a number of express companies in this country. The express
business of the country, however, is controlled by six companies--the
“Big Six.”
Public-domain text, read in full here on John Shaqi.
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