problems that face
men in these large undertakings, the problems that have faced me in each
new enterprise I have inaugurated to the glory of God."
Naturally, I accepted with enthusiasm.
You would not believe what a mood I had by this time been worked into by my
rampant and raging vanity and emotionalism and by his snake-like charming.
"Thank you," I said, with an energetic warmth that must have secretly
amused him mightily.
"When my reorganization of the iron industry proved such a great success,
and God rewarded my labors with large returns," he went on, "I looked
about me to see what new work He wished me to undertake, how He wished me
to invest His profits. And I saw the coal industry and the coal-carrying
railroads in confusion, with waste on every side, and godless competition.
Thousands of widows and orphans who had invested in coal railways and mines
were getting no returns. Labor was fitfully employed, owing to alternations
of over-production and no production at all. I saw my work ready for my
hand. And now we are bringing order out of chaos. This man Walters, useful
up to a certain point, has become insolent, corrupt, a stumbling-block in
our way." Here he pressed the button of his electric bell.
XI. WHEN A MAN IS NOT A MAN
Walters entered. He was one of the great railway presidents, was
universally regarded as a power, though I, of course, knew that he, like so
many other presidents of railways, of individual corporations, of banks,
of insurance companies, and high political officials in cities, states
and the nation, was little more than a figurehead put up and used by the
inside financial ring. As he shifted from leg to leg, holding his hat and
trying to steady his twitching upper lip, he looked as one of his smallest
section-bosses would have looked, if called up for a wigging.
Roebuck shook hands cordially with him, responded to his nervous glance at
me with:
"Blacklock is practically in our directory." We all sat, then Roebuck began
in his kindliest tone:
"We have decided, Walters, that we must give your place to a stronger man.
Your gross receipts, outside of coal, have fallen rapidly and steadily for
the past three quarters. You were put into the presidency to bring them
up. They have shown no change beyond what might have been expected in the
natural fluctuations of freight. We calculated on resuming dividends a year
ago. We have barely been able to meet the interest on our b
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