Thomas Gibson's Special Market Letters, 1908

Cover Thomas Gibson's Special Market Letters, 1908
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This comparison is misleading and unscientific. The year 1907 was the climax of a series of years in which the in- crease in traffic was so rapid as to intoxicate the imagination. Each succeeding year not only sur- passed the preceding in the amount of traffic of- fered, but it also surpassed its predecessor in the rate of gain in the amount. The progress during the past decade is shown in the appended diagram.
In seven years the gross earnings of seventeen typi- cal roads more than doubled and
... the net earnings almost kept pace — and this after several years of rapid recovery from the distress of the early nineties.
Such a rate of gain, so many times faster than the growth in population and not caused by any epoch making discoveries or revolution in methods of life or business, in the very nature of things could not continue, much less continue at the same rate of acceleration. In final analysis this increase in busi- ness depends on the human element, on the sinew,* and nerve, and perceiving qualities of the produc- tive population.


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