Identifier: cu31924004640995 (find matches)
Title: The American transportation problem; a study of American transportation conditions, with a view to ascertaining what policy Americans should adopt in order to effectively meet existing conditions and be prepared to continue to lead the nations in the march of progress and civilization
Year: 1909 (1900s)
Authors: Peyton, John Howe
Subjects: Transportation Inland navigation Railroads
Publisher: Louisville, Ky., Courier-Journal Job Printing Company
Contributing Library: Cornell University Library
Digitizing Sponsor: MSN

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zing genius who was, during theRoosevelt era, publicly denounced from the White House as an unde-sirable citizen, has, since his recent death, been extolled by editors,statesmen, financiers, jurists and priests, as one of the greatest ofAmericans. Surely public sentiment has undergone a great revolutionand men are regaining their reason. Our splendid National judiciary has always stood staunch and true,breasting the waves of folly and madness that beat about them andthreaten the Constitution that they are sworn to sustain. They de-serve honor and gratitude from every American citizen. Just at this juncture in our affairs, however, the men who shouldbe most honored in America are the few strong, courageous ones amongthe Generals of Transportation, who did not quail during the recentstorm of passion and prejudice; who, with magnificent determinationand fortitude, stood firmly and uncompromisingly for Justice andJudgment, whilst cowards surrendered or basely truckled to thedemagogues. 19
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E. H. HARRIMAN, Railroad Organizer, Financier and Executive Genius.20 Chapter IV. INLAND WATERWAYS. Such stuff as dreams are made of.—Shakespeare. Two hundred years ago our English cousins were suffering fromthe effects of a costly war that had entailed a big National debt. TheSouth Sea Company, composed of shrewd rascals, captured the im-agination of an unwise executive and an always gullible public, with aget-rich-quick scheme, which they advocated as a means for avoidingthe results of past folly and extravagance. For a time a wild orgy ofmad speculation ran riot. The South Sea Company speculation wasbased on preposterous. Impracticable schemes, but none of them weremore absurd than most of the inland waterway schemes now advocatedby the Conservation cranks and bond-issue Boomers in the UnitedStates. The South Sea Company was so phenomenally successful inshearing the English lambs of the Eighteenth Century, that manyother rascals and charletans tried to rival it, and succeeded won

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