The Age of Big Business; a chronicle of the captains of industry by Burton Jesse Hendrick
page 75 of 132 (56%)
page 75 of 132 (56%)
![]() | ![]() |
|
paid a salary of $3500 a year and that for the first ten years
Vail did not succeed in collecting a dollar of this princely remuneration. Yet it was a happy fortune, not only for the Bell Company but for the nation, that placed Vail at the head of this struggling enterprise. There was a certain appropriateness in his selection, even then. His granduncle, Stephen Vail, had built the engines for the first steamship to cross the Atlantic. A cousin had worked with Morse while he was inventing the telegraph. Vail, who was born in Carroll County, Ohio, in 1845, after spending two years as a medical student, suddenly shifted his plans and became a telegraph operator. Then he entered the Railway Mail service; in this service he completely revolutionized the system and introduced reforms that exist at the present time. A natural bent had apparently directed Vail's mind towards methods of communication, a fact that may perhaps explain the youthful enthusiasm with which he took up the new venture and the vision with which he foresaw and planned its future. For the chief fact about Vail is that he was a business man with an imagination. The crazy little machine which he now undertook to exploit did not interest him as a means of collecting tolls, floating stock, and paying dividends. He saw in it a new method of spreading American civilization and of contributing to the happiness and comfort of millions of people. Indeed Vail had hardly seen the telephone when a picture portraying the development which we are familiar with today unfolded before his eyes. That the telephone has had a greater development in America than elsewhere and that the United States has avoided all those mistakes of organization that have so greatly hampered its growth in other lands, is owing to the fact that Vail, when he first took charge, mapped out the comprehensive policies which have guided his corporation since. |
|