...It surely cannot be necessary to remind the Directors that the
very unusual stake which as a professional man I have been willing,
perhaps imprudently, to risk on the success of this project--I mean
stake of professional character, not mere pecuniary risk--must
secure a much greater amount of attention to any step, and
supervision of any detail on my part, than any ordinary
professional engagement would obtain; the heavy responsibility of
having induced more than half of the present Directors of the
Company to join, and the equally heavy responsibility towards the
holders of nearly half of the capital, must ensure on my part an
amount of anxious and constant attention to the whole business of
the Company which is rarely given by a professional man to any one
subject, and, as it seems to me, ought to command a proportionate
degree of confidence, or rather command entire confidence, in me,
if any at all, for in such a case there can hardly be any medium.
The fact is, that I never embarked in any one thing to which I have
so entirely devoted myself, and to which I have devoted so much
time, thought, and labour, on the success of which I have staked so
much reputation, and to which I have so largely committed myself
and those who were disposed to place faith in me; nor was I ever
engaged in a work which from its nature required for its conduct
and success that it should be entrusted so entirely to my
individual management and control....
The Directors have a right to expect, and will ever receive, from
me the fullest information and the most unreserved communication
upon all points as they arise, as from one who feels the
responsibility of being their sole professional adviser in a very
important and serious business, in which we are all embarked, and
all deeply interested; but I cannot act under any supervision, or
form part of any system which recognises any other adviser than
myself, or any other source of information than mine, on any
question connected with the construction or mode of carrying out
practically this great project, on which I have staked my
character; nor could I continue to act if it could be assumed for a
moment that the work required to be looked after by a Director, or
by anybody but myself or those employed directly by me and for me
personally for that purpose.
If any doubt ever arises on these points I must cease to be
responsible, and cease to act.
_Letter to the Secretary of the Eastern Steam Navigation Company._
Public-domain text, read in full here on John Shaqi.
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