The Atlantic Monthly, Volume 02, No. 13, November, 1858: A Magazine of Literature, Art, and PoliticsVarious
History
The Atlantic Monthly, Volume 02, No. 13, November, 1858: A Magazine of Literature, Art, and Politics
Various
American periodicals
enough to know and apply all those vital reforms upon which depends
the future success of their undertakings,--the men of the workshop,
the track, and the locomotive. And we shall yet see the more
intelligent of them taking the place, at the directors' board, of
the retired merchants, physicians, and other respectable gentlemen,
who now lend only the names of their respectability to perpetuate a
system of folly that has reduced our railroad-management below
contempt. As at present constituted, our boards are a very showy,
but very useless piece of mechanism. The members attend at meetings
when they feel just like it, and sign their names to documents and
statements which have been prepared for them by others, without much
knowledge of what the contents are; their other duties consisting
chiefly in riding over their own and connecting roads, free of charge.
Why should railway-directors work for nothing for the stockholders?
Ah, Messrs. Stockholders, you little know in reality how fat a
salary your directors make to themselves, by nice little commissions,
by patronizing their favorite builders of locomotives and cars, and
by buying the thousand and one patents that are so urgently
recommended! Do you carry your broken watch to a blacksmith or to a
stone-mason to be mended? Neither, we think. Why, then, do you leave
the management of a work which engineers, machinists, carpenters,
masons, and men of almost every trade, have spent time and care upon
to build, to the respectable merchant, lawyer, or banker, who thinks
the best road that which has the softest cushions and the most
comfortable seats on which to ride?
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