The day of the meeting found every member of the committee present--a
fact which interested Gorham as an evidence of the devotion of these men
to the responsibilities which rested upon them. But the routine business
had no sooner been completed than the president became aware that the
harmony which had existed from the beginning was in danger of being
disturbed. Inquiries were made which were too significant to be
overlooked, and veiled criticism came from quarters where previously he
had believed existed absolute confidence in himself and full approval of
his methods.
"It is well to have this come to a head," Gorham remarked after several
had expressed their views. "This corporation is so gigantic that it must
fall of its own weight unless every part of its structure be sound and
effective in bearing its share of the load. There is no stability where
there is lack of harmony, and what you gentlemen have said to-day shows
beyond question that radical and immediate action is imperative to
preserve to our stockholders what we have already gained for them, and
to secure the future benefits which are assured, provided the Companies
itself can act as a unit. Now, in order that we may clearly understand
the situation, will not Mr. Litchfield state specifically the criticism
implied in his remarks?"
Litchfield rose deliberately from his seat. He was the head of certain
large gas-works which the corporation had acquired in connection with
its consolidation of the lighting interests in Philadelphia.
Public-domain text, read in full here on John Shaqi.
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