But there is something more wanted yet. As we have said, railway men are not out of the reach of temptation. Let the various officers of a railway manage it so as not to exceed the average expense of other roads of their State, and their reputation stands high. Let them reduce their expenses below the average, and their power is despotic. If they are men of ability, they can do all this,operate their road for less than many others, run their trains regularly and without accident, even treat the public with civility, and make themselves rich, in a few years, by percentages and commissions on the cost of supplies, and by other modes, which, perhaps, had better not be referred to here. If any one doubt this, let him take pains to inquire how large a proportion of railway-men get rich in a few years on salaries of from one to two thousand dollars per annum. Nor can this be prevented; for every new check is only a transfer of power from intelligent to ignorant hands; and ignorance, however honest, is a more expensive manager and easier victim than knavery. There is but one remedy. Make it for men's interest to reduce the expenses of operating to a minimum. Make it for their interest to do so, by allowing them to share in the profits, and then the question is solved, and you have a thousand vigilant guardians of your property day and night. Let all supplies be furnished by public competition under sealed tender, as is done in the army and navy, and on the large railways of Great Britain.
There are, no doubt, practical difficulties in the way of carrying out these changes, as there are in introducing all new systems. You have to meet the doubts and suspicions of those who are unacquainted with them, the opposition of interested parties, and the general feeling which influences all men to let well enough alone. But that there are no insuperable obstacles in the way is evident from the fact that this system has already been partially applied on a railway doing a very large business, the Philadelphia, Wilmington, and Baltimore, under the able superintendence of S. M. Felton, Esq., who, in his last Report, says, "It still works well, and is productive of much saving to the Company.2 It promotes regularity in running the trains, and in all branches of our business. It diminishes accidents, by bringing home the responsibility directly upon individuals instead of the corporation."
There is a great deal of significance in this last remark. Every one knows, that, when an accident happens on a railway, "no one is to blame,"which means, that everybody should have so much blame as can be expressed by a fraction whose numerator is unity and whose denominator represents the whole number of employees. Such an infinitesimal dose of censure, contrary to the homeopathic doctrine, always produces infinitesimal results.
To what is the extraordinary success of the Hudson's Bay Company owing,that wonderful organization which rules the wilds of British North America with a discipline which has no parallel in the history of mankind, except that of the order of Jesuits? Simply to the fact, that every man whose duties require intelligent action is a partner of the Company, shares in its gains, and loses with its losses. And so it should be with our railway-employees. Instead of excusing waste of time and property by the stereotyped phrase, "The Company is rich and can stand it," they would strive to exercise a rigid economy, knowing that at the end of the week their pockets would be so much the heavier.
To show how the thing should be done would involve matters of detail which would be out of place here. What we desire to show is the principle. Instead of paying all men alike, good, bad, and indifferent, let the amount of a man's wages depend on his skill and intelligence; the more he shows, the better let him be paid. In almost every department of manufacturing and commercial business this is done. Why not in railway management?
We subjoin a tabular statement of the railways of the world, made up to 1857, except those of the United States, which are for 1858-9.
|Name of country. |Cost per|Receipts |Percentage of|Percentage of | | | mile. | per mile| expenses to | net earnings | | | | of road.| receipts. | to total | | | | | | capital. | |||||| |Great Britain |$173,040| $13,296 | 47 | 4.00 | |Australia | 169,225| 6,810 | 72 | 1.02 | |India | 51,400| 8,645 | 42 | 4.09 | |France | 128,340| 13,530 | 44 | 6.58 | |Belgium | 81,955| 10,790 | 58 | 5.48 | |Austria | 92,325| 13,430 | 54 | 6.75 | |Prussia | 72,430| 9,915 | 45 | 7.44 | |Other German States| 66,160| 7,085 | 63 | 5.52 | |United States | 41,376| 6,170 | 60 | 5.51 |
From this it will be seen how much economy of working has to do with paying a dividend,as in the case of the Indian railways, where, although the receipts are very small, the prime cost and expenses of working are also very small, and they divide 4.09 per cent, while the Australian railways, whose cost and expense of working are large, can pay only 1.02 per cent. It is proper to say, however, that this was during the "gold fever." Railways are now built in Australia for $50,000 per mile.
The railways of the United States occupy a very favorable position, both as to cost and amount of receipts per mile. During the last ten years, the principal efforts of their managers have been directed toward increasing the receipts. During the next ten, their policy will be to diminish the working expenses, leaving the receipts to increase with the natural growth of the country, and avoiding unhealthy competition for that delusive phantom, "through-trade," which has lured so many railways to financial shipwreck and ruin. If this policy be steadily followed, we shall see railway stocks once more a favorite investment.
* * * * *IN A FOG
A few minutes before one o'clock on the morning of Sunday, the 8th of February, 1857, Policeman Smithers, of the Third District, was meditatively pursuing his path of duty through the quietest streets of Ward Five, beguiling, as usual, the weariness of his watch by reminiscent Æthiopianisms, mellifluous in design, though not severely artistic in execution. Passing from the turbulent precincts of Portland and Causeway Streets, he had entered upon the solitudes of Green Street, along which he now dragged himself dreamily enough, ever extracting consolations from lugubrious cadences mournfully intoned. Very silent was the neighborhood. Very dismal the night. Very dreary and damp was Mr. Smithers; for a vile fog wrapped itself around him, filling his body with moist misery, and his mind with anticipated rheumatic horrors. Still he surged heavily along, tired Nature with tuneful charms sweetly restoring.
As he wound off a tender tribute to the virtues of the Ancient Tray, and was about sounding the opening notes of a requiem over the memory of the lost African Lily, surnamed Dale, one o'clock was announced by the bell of the Lynde-Street Church. Mr. Smithers's heart warmed a little at the thought of speedy respite from his midnight toil, and with hastening step he approached Chambers Street, and came within range of his relief post. He paused a moment upon the corner, and gazed around. It is the peculiar instinct of a policeman to become suspicious at every corner.
Nothing stirring. Silence everywhere. He listens acutely. No sound. He strains his eyes to penetrate the misty atmosphere. He is satisfied that order reigns. He prepares to resume his march, and the measure of his melancholy chant.
Three seconds more, and Policeman Smithers is another being. Now his hand convulsively grasps his staff; his foot falls lightly on the pavement; his carol is changed to a quick, sharp inhalation of the breath; for directly before him, just visible through the fog, a figure, lightly clad, leans from a window close upon the street, then clambers noiselessly upon the sill, leaps over, and dashes swiftly down Chambers Street, disappearing in the darkness.