The Valuation of Public Service Corporation Property: Transactions of the American Society of Civil Engineers,; vol. LXXII, June, 1911, ASCE 1190Riggs, Henry Earle
General
The Valuation of Public Service Corporation Property: Transactions of the American Society of Civil Engineers,; vol. LXXII, June, 1911, ASCE 1190
On the other hand, perfect frankness compels the admission that the
state of public opinion which compelled the passage of these laws has
been caused largely by the corporation officials themselves. There is
probably no more loyal body of men in America to-day than the officials
and employees of railroads. Their loyalty, however, is all to "our
company." They enter its service as boys or young men; they grow up to
the full strength of manhood working for its good; they take little or
no part in public affairs; they have no time for the study of public
questions. Their friends are almost exclusively among their own
associates in the service of the road, and their development is along
the lines of their own special work in the service. As a body of honest,
honorable, and worthy men, absolutely loyal to their employers, they
have few equals; but it is doubtful if any equal number of men, of equal
intelligence, have as limited a knowledge of the fundamental truths of
government, or knowledge so colored by bias. It is also doubtful whether
any equal number of men have in their ranks so few who bear an active
part in the duties and activities of citizenship, or who exercise large
influence on their neighbors.
While the foregoing statement is believed to be absolutely true, it will
not do to pass over the notable exceptions. Such men as James J. Hill,
F. Am. Soc. C. E., M. E. Ingalls, and others of the higher officials,
who have taken an active part in public affairs, have had commanding
influence. Theirs has been the sound policy, as the property in their
hands has not suffered. The short-sighted policy which, in December,
1909, induced the management of one road to compel all its employees
holding municipal offices to resign, is bound to react and create
hostile feeling on the part of the public.
The entire trend of a training in railway service is to fill a man with
prejudice against all things that undertake to regulate or control the
corporations, and often goes so far as to enable him to do, willingly
and as a matter of right, things which with a broader view of the
interest of the whole community he would not agree with at all. The
result of this intensive training is that the railway service has in it
thousands of men who become impatient with any effort to regulate or
control; who permit their irritation to show; and who, by their own
attitude, create unnecessary hostility. F. A. Delano, M. Am. Soc. C. E.,
President of the Wabash, in an address[2] at Hannibal, Mo., on March
25th, 1909, said:
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