In the Senate of the United States
In the Senate of the United States
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That was the im])ression made upon my mind as the re- sult of my inquiries.
The Chairman. What has brought about tlie cliange; just this sim- ple meeting of tlie railroad i)residents herein New York?
Mr. Adams. When a thing gets very bad it is apt to remetly itself. Necessity causes a remedy. That had mucii to (h) with it. We were all alarmed by the course of events. As one of tlie most intelligent and thoughtful western railroad presidents s-iid to me, in discussing this matter last October, "... If there is a chasm before you, and you are continually approaching it, the time must come when you will gi) over. " That was his view of the railroad situation. The demoralization was going on. The margin of i)rorit bet wfcii the cost of oi)eration and what was charged was growing less and lcs>, and it was a mere question of time when we would go into the chasm. There was a serious feeling of alarm. That feeling of alarm with intelligent men almost invariably leads to an effort at correction.
At the same time there was another element that tended to improve the course of events, the Interstate Commerce Commission.
What to read after In the Senate of the United States?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress Senate Committee On Inte to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
That was the im])ression made upon my mind as the re- sult of my inquiries.
The Chairman. What has brought about tlie cliange; just this sim- ple meeting of tlie railroad i)residents herein New York?
Mr. Adams. When a thing gets very bad it is apt to remetly itself. Necessity causes a remedy. That had mucii to (h) with it. We were all alarmed by the course of events. As one of tlie most intelligent and thoughtful western railroad presidents s-iid to me, in discussing this matter last October, "... If there is a chasm before you, and you are continually approaching it, the time must come when you will gi) over. " That was his view of the railroad situation. The demoralization was going on. The margin of i)rorit bet wfcii the cost of oi)eration and what was charged was growing less and lcs>, and it was a mere question of time when we would go into the chasm. There was a serious feeling of alarm. That feeling of alarm with intelligent men almost invariably leads to an effort at correction.
At the same time there was another element that tended to improve the course of events, the Interstate Commerce Commission.
What to read after In the Senate of the United States?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress Senate Committee On Inte to read onlineMoreLess
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