America in the Making

Cover America in the Making
America in the Making
Abbott, Lyman, 1835-1922. [from Old Catalog]
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The public has created the corporation; has given to it peculiar power and privilege; has bestowed these powers and privileges in order to secure service to the public; and to that service the public and the whole public is entitled. That all the great railway corporations have always recog- nized this as their duty no one familiar with the economic history of the United States will claim.
The' history of the Credit Mobilier in Congress, the history of the railways in my own State of New York,
...are too well known to need any description here. There are some railway officials who have sometimes disobeyed the law, sometimes defied the law, sometimes corrupted the law at its fountain head. There are more railway officials who have honestly held that the railway industry was a private business, and that their whole duty was ended when they had successfully served their stockholders.
But there have also been other railway officials who have consistently and persistently acted on the principle that the railway is a public highway and the railway corporation a public servant.


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