The Age of Big Business; a chronicle of the captains of industry by Burton Jesse Hendrick
page 103 of 132 (78%)
page 103 of 132 (78%)
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have constantly gone hand in hand everywhere with the development
of the public utilities. The relation of franchise corporations to municipalities is probably the thing which has chiefly opened the eyes of Americans to certain glaring defects in their democratic organization. The popular agitation which has resulted has led to great political reforms. The one satisfaction which we can derive from such a relation as that given above is that, after all, it is representative of a past era in our political and economic life. No new "Metropolitan syndicate" can ever repeat the operations of its predecessors. Practically every State now has utility commissions which regulate the granting of franchises, the issue of securities, the details of construction and equipment and service. An awakened public conscience has effectively ended the alliance between politics and franchise corporations and the type of syndicate described in the foregoing pages belongs as much to our American past as that rude frontier civilization with which, after all, it had many characteristics in common. CHAPTER VI. MAKING THE WORLD'S AGRICULTURAL MACHINERY The Civil War in America did more than free the negro slave: it freed the white man as well. In the Civil War agriculture, for the first time in history, ceased to be exclusively a manual art. Up to that time the typical agricultural laborer had been a bent figure, tending his fields and garnering his crops with his own hands. Before the war had ended the American farmer had assumed an erect position; the sickle and the scythe had given way to a |
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