Antitrust law -- United States -- Fiction; Capitalists and financiers -- Fiction; Railroad stories
Had she alone in that household always believed in Great Midwestern
stock, which was to believe in him? Or had she only of a sudden become
hopeful? Was it perhaps a flash of premonition, some slight exercise of
the power possessed by her son? Long afterward I tried to find out. She
shook her head and seemed not to understand what I was talking about.
She had forgotten the incident.
The next day I ordered a hot lunch to be sent in and put upon Galt’s
desk. He said, “Huh!” But he was not displeased, and ate it. And this
became thereafter a fixed habit.
ii
The new equipment had only just begun to move on the new rails when he
went before the board with a proposal to raise one hundred millions
for more equipment, more rails, elimination of curves and reduction of
grades.
“My God, man!” exclaimed Horace Potter. “Do you want to nickel plate
this road?”
“It will nickel plate itself if we make it flat and straight,” said
Galt.
He was in a stronger position this time. His predictions were coming
true. The flood tide was beginning. Everybody saw the signs. Great
Midwestern’s earnings were rising faster than those of any competitor,
and at the same time its costs were falling because of the character
of the new equipment. Therefore profits were increasing. On the other
hand, Valentine now was openly hostile, and Jonas Gates whom Galt could
have relied upon, was ill. There were nine at the board table.
He argued his case skillfully. For the first time he produced his
profile map of the road, showing where the bad grades were and how on
account of them freight was hauled at a loss over two divisions of the
right of way. To flatten here a certain grade,--selected for purposes
of illustration,--would cost five millions of dollars. The cost of
moving freight over that division would be thereby reduced one-tenth
of a cent per ton per mile. This insignificant sum multiplied by the
number of tons moving would mean a saving of a million dollars a year.
That was twenty per cent. on the cost of reducing the grade. It was
certain.
“Are the contracts let?” asked Valentine, ironically.
“They are ready to be let,” said Galt. “That’s how I know for sure what
the cost will be.”
“Let’s vote,” said Potter, suddenly. “He’ll either make or break us. I
vote aye.”
The ayes carried it. There were no audible noes. Valentine did not vote.
iii
Public-domain text, read in full here on John Shaqi.
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