Railroad Administration

Railroad Administration

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Railroad Administration

Railroad Administration

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Excerpt

I am interpreting the title of this volume broadly, to cover the executive work involved in building and operating railroads. The problems are largely those of organization. The Union and Southern Pacific railroad systems, for example, employ some eighty thousand men, directed by a single headquarters management. The means by which these eighty regiments are made to work efficiently and harmoniously, and the methods, equally arduous, of organizing the company's credit so that great expenditures can be financed at a minimum interest cost, have been made the subject of relatively little discussion outside of the technical press.

No attempt has been made to set forth, in detail, the routine part of railroad work. A complete description of the auditor's duties would become a treatise on applied accounting; an exhaustive study of the profession of the chief engineer, or of the superintendent of motive power, would involve the equivalent of a three-years' course in higher mathematics, supplemented by field work. But it is distinctly possible, within the limits of a single volume, to show how the railroad executive so organizes his forces as . . .

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