Before he was done, the steel man had also eliminated depreciation on
plants and half a dozen minor expenses. He agreed to deliver at the mere
cost of raw material and labor. Then he received an order that would have
broken some records in prosperous times. The road was committed to some
big building projects and it needed whole trainloads of girders and
columns; bridges by the dozen. The railroad president went further, and
helped out the steel man's car-building plant. He ordered 3,000 steel
freight cars, and every day he was getting reports from his general
manager of a further falling of traffic tides. They had motive-power
rusting on sidings, and they were dumping freight cars in the ditches
along the right-of-way because they did not have storage-room for them.
That took courage of a certain high-grade sort. When those freshly-painted
new steel cars began to be delivered in daily batches of sixty, some of
his directors asked him where he was going to find room to store them. He
did not answer, for he did not know; but in the long run he won out. His
company had a new equipment for the returning flood-tide of traffic which
had cost it 25 per cent less than that of its competitors. When the time
came to build its big improvement it had the steel all stored and ready.
The president was able to tell his directors then that he had saved them
$1,700,000 on that close bargain that he had driven in panicky times.
* * * * *
Sometimes a little thing makes a railroad president big.
The head of a busy road in the Middle West was hurrying to Chicago one day
to attend a mighty important conference of railroad chiefs. His special
was halted at a division point for an engine-change, and the president was
enjoying a three-minute breathing spell walking up and down beside his
car. An Italian track laborer tried to make his way to him. The
president's secretary, who was on the job, after the manner of presidents'
secretaries, stopped the man. The signal was given that the train was
ready, but the president saw that the track-hand was crying. He ordered
his train held and went over to him. The story was quickly told. The
track-hand's little boy had been playing in the yards and had hidden in an
open box-car; so his small companions had reported. Afterwards the car had
been closed and sealed by a yardmaster's employee. Somewhere it was
bumping its weary way in a lazy freight train, while a small boy, hungry
and scared, was vainly calling to be let out.
Public-domain text, read in full here on John Shaqi.
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