To The President And Directors Of The Camden And Amboy Railroad PDF Download

Excerpt from Speech of Hon. John M. Read, at the Regular Quarterly Meeting of the Joint Board of Directors of the United Delaware and Raritan Canal Company, Camden and Amboy Railroad and Transportation Company, and New Jersey Railroad and Transportation Company: Held at Trenton on Thursday, April 20, 1871 In the organization of the joint board under the consoli dation act a grievous mistake was made, through a false economy, in uniting with the office of General President thatof Chief Engineer, which made him really the judge of his own plans and expenditures with the real power of providing the means of payment. No practicing engineer ever should be the president of a railroad or canal company; he should be the subordinate of the president. I trace many of our troubles to this source, without impugning the honesty, or capacity, or intelligence of our principal official. The two offices and their respective duties are entirely and radically incompatible. As long as Mr. Stevens was our manager, having entire confidence in his great financial ability, I contented myself with the ordinary knowledge which a director acquires at the meetings of the board. 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.