Antitrust law -- United States -- Fiction; Capitalists and financiers -- Fiction; Railroad stories
He turned to a chart ten feet long by four feet deep hung level with
the eyes on the opposite wall. The heavy black line erratically
rising and falling against a background of graduated horizontal
lines was an accurate profile of the Great Midwestern for the whole
of its length,--that is, a cross section of the earth showing the
configuration of its surface under the G. M. railroad’s ties and rails.
It was unique, he said. Never had such a thing been done on this scale
before. The purpose was to exhibit the grades in a graphic manner.
There were many bad grades, each one like a hole in the pocket. His
knowledge was minute. “Now from here to here,” he said, indicating 100
miles of profile with low grades, “it costs half a cent to move a ton
of freight one mile, and that pays. But from here to here,” indicating
a sudden rise in the next fifty miles, “it costs three cents per ton
per mile and all the profit made in the preceding 100 miles is lost on
that one grade.”
“What can be done about it?” I asked.
“Cut that grade down from 150 to 50 feet in the mile,” he said, slicing
the peak of it through with his ruler, “and freight can be moved at a
profit.”
“It would take a lot of labor and money, wouldn’t it?”
“Well, what of all this unemployment belly-ache you and old Bubbly Jock
are writing pieces about?” he retorted. “You say there is more labor
than work. I’ll show you more work to be done on the railroads than you
can find labor in a generation for. All right, you say, but then it’s
the money. The Great Midwestern hasn’t got the money to spend on that
grade. True. Like all other roads with bad grades it’s hard up. But it
could borrow the money and earn big dividends on it. Track levelling
pays better than gold mining.”
“You and Coxey ought to confer,” I said. “You are not so far apart.
He wants the government to create work by the simple expedient of
borrowing money to build good roads. And here you say the railroads, if
they would borrow money to reduce their grades, might employ all the
idle labor there is.”
He gave me a queer look, as if undecided whether to answer in earnest.
“Coxey is technically crazy,” he said, “and I’m technically sane. That
may be the principal difference. Besides, it isn’t the government’s
business.”
Public-domain text, read in full here on John Shaqi.
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