Forest City press. (Forest City, Potter County, D.T. [S.D.]) 1883-19??, 1915-01-13

. NlllidTl ftatu. III fbNtI pplS = a
ziue.
FIRST, in tying inve.'tion and finance to-
sether into a system.
An acquaintance ii mine made an in
v%ention. a highly technical one. which
turned out TO he commercially Very inn
p%ortant. He Went Ia bankers in America.
England. and Germany.
In America the pui pose of the bankers
was purely l%inanc'al. Quite naturally.
Under our arrangement of things. the
question for them WAS: III We issue
stocks and bonds CT this proposition.
what is the market for them and how cam
we get OUT
In England my friend was charmed.
The bankers he m@J belonged to the class
OF persons immortalizod by RAsehot AS
spending half their lime washinS their
whole persons. T.,ey hathed and did a
lit of business. and do Il hit of tennis and
batfed. and We're fire. h-chccked and fresh
minded and civilized. But nj the end of
two weeks their conception of the tech
meal scope of the new invention was linn
.ted-very limited. You may say that my
TREND didn't find 1hc right bankers Well,
~ Germany, the ba"kors found him.
He hadn't been IL his hotel in Berlin
"a hours when he WIS waited on by a per-
son who introduced himself as Il repre-
sentative of a certain banking institution
one OF the large>-. And in what ca
oacity?' inquired ~, friend. H." said
he strange person. am ii chemist" Yes.
a chemist. an academic. professional
chemist. protesting Industrial chemistry.
In 20 minutes, for the frst time on
@i,her side of the Atlantic. my friend got
his invention and Its scope completely
understood by a member of the regular
working staff of a bank. And what was
The next step:
we will put so much money into this
proposition. And we will keep il, there.
And we will give you commercial advice
straight along FROM so-and-so in our or
ganization. And we will give you techni-
cal scientific advice straight along from
so-and-so in our organization. We con
clude that your invention has such-and-
such possibilities. VIC will cooperate
with you in developing those possibilities,
commercial and SCIENTIFIC"
Now how can surn ,u-opera tion be dis
missed as "all very Well for autocratic,
militaristic Germany hut quite Impossible
for u.s." What is .iclr militaristic about
1t? Or autocratic"
SO also with nay second Illustration
railways-thc tying t,gc,her of transport
tation and industry into a system.
Are We to say "mintarismt and "autoc-
racy' just because IT," principal railways
of Germany are ownoG by the severa
states of Prussia. Saxony. Bavaria
Baden. and Wur;rn.i crg? Then whav
about Australia with its railways govern
mentally owned? Is Australia 'militar
istic' and 'autocratio| No. let us lool
deeper. Are the German railways man.
aged automatically"
Shippers Help Fix Rates.
Well. who are the persons peculiarly
dependent on railways? Shippers, o
course. And does the German impcria
government automatically impose a ben
eficcnt schedule of railway rates ON
voicelcss body of German shippers? /
does not.
Among the men who sit as a natiuEa
permanent rate COMMISSION there is a dis
tinct group called "thc traders commit
tee" representing III, shippers and thci
interests. And how are they chosen? b,
the kaiser? Not at FL. BY the shipper.
themselves. Five Of them are elected h,
The agricultural chambers OF Germany
Ten of them dive fo:. manufactures am
five for tra1e). are u. ted by the German
chamber of commerce. And the advic,
they give to the rate commission is so in
lluential az to be called ''a,ithoritative."
The shippers of Germany have offcia
recognition and official influence continu
German railways.
idea of cooperation at The bottom, Their
various ways at various points along tn
railway lines. In the case of the Prussia.
RAILWAYS. for instance. the members O
these local boards are elected for three
year terms by loctl chambers of com