Railroad Finance Classic Reprint PDF Download

Excerpt from Railroads: Finance and Organization The foregoingstaternent affords one explanation for the quite abounding account of the shortcomings Of our American railroad financiering within these covers. The stream of the text, especially in certain chapters, flows across a somewhat dreary landscape. But facts are facts. It takes too much time, besides missing the main point, to call a spade an instru ment Of husbandry. But there is another warrant for entire frankness. Outspoken and rigorous analysis Of wrongdoing has a scientific as well as a moral side. Pathology is as well recognized a department of medicine as therapeutics. The laws of health can be worked out only in a fulness Of knowledge as to the nature of disease. And until the cause and the com pleted course of disease are thoroughly understood, the prac titioner is well - nigh helpless to effect a cure. Yet the student of medicine, because his attention for a time is fixed upon phys ical disorders, does not lose faith in the curative possibilities Of his art. Neither does he conclude that all men are bodily unsound, because his clinic reveals so much human defective ness. Just so would we conclude our study with the affirmation that never in our history, and probably nowhere else in the world, has the standard Of probity, the quickened sense of responsibility, both public and private, among American rail road men, been more pronounced than it is at the present time. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.