The Age of Big Business a Chronicle of the Captains of Industry

Cover The Age of Big Business a Chronicle of the Captains of Industry
The Age of Big Business a Chronicle of the Captains of Industry
Burton J Hendrick
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In many cities the driver presided as a solitary auto crat; the passengers on entrance deposited their coins in a little fare box. At night tiny oil lamps made the darkness visible; in winter time shiver ing passengers warmed themselves by pulling their coat collars and furs closely about their necks and thrusting their lower members into a heap of straw, piled almost a foot deep on the floor.
Who would have thought, forty years ago, that the lighting of these dark and dirty streets and the mod
...ernization of these local railway systems would have given rise to one of the most astounding PUBLIC UTILITIES 121 chapters in our financial history and created hun dreds, perhaps thousands, of millionaires? When Thomas A. Edison invented the incandescent light, and when Frank J. Sprague in 1887 constructed the first practicable urban trolley line, in Richmond, Virginia, they liberated forces that powerfully af fected not only our social and economic life but our political institutions. These two inventions intro duced a new phrase "Public Utilities.

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