Henry Ford：My Life and Work, Additional Excerpt 366

The railroads in general have broken down, and if the former conduct of the Detroit, Toledo & Ironton is any criterion of management in general there is no reason in the world why they should not have broken down. Too many railroads are run, not from the offices of practical men, but from banking offices, and the principles of procedure, the whole outlook, are financial--not transportational, but financial. There has been a breakdown simply because more attention has been paid to railroads as factors in the stock market than as servants of the people. Outworn ideas have been retained, development has been practically stopped, and railroad men with vision have not been set free to grow.

Source： https://www.gutenberg.org/ebooks/7213
Locator：Additional excerpt 366 · Verified：2026-10-19 · Verification：Short excerpt

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