The Country's Need of Greater Railway Facilities and Terminals: Address Delivered at the Annual Dinner of the Railway Business Association, New York City, December 19, 1912Hill, James J. (James Jerome)
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The Country's Need of Greater Railway Facilities and Terminals: Address Delivered at the Annual Dinner of the Railway Business Association, New York City, December 19, 1912
Hill, James J. (James Jerome)
Railroad stations -- United States; Railroads -- United States -- Finance
It is the duty of every business organization, of every business man,
of capital interested in safe investment and labor interested in sure
and remunerative employment, to help swing the country into line behind
the only policy that can help and save them all. No pledge of national
credit, no subsidy in cash, no immunity or privilege is asked; only
freedom to raise on reasonable terms the capital without which the work
cannot be done; implying necessarily freedom to earn on that capital the
return without which it will not be forthcoming, and enough additional
to make and keep railway equipment and service equal to the progress of
invention and improvement and to the just expectations of the people.
No national or municipal campaign, no moral crusade, no commercial
or financial adventure or assurance can demand or ought to receive
from you and others like you the attention, the study, the energetic
support claimed by the imminent and urgent issue which I have tried to
present in outline. In a day of big things it looms above them all. The
railways, anxious to be active in the upbuilding of the country and the
introduction of a coming era in transportation, stand at attention.
Will the country give the word of permission and remove the heavy cloud
of doubt and depression which has steadily arrested the growth of the
nation’s commercial facilities?
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Transcriber’s note:
--Obvious errors were corrected.
Public-domain text, read in full here on John Shaqi.
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