The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-11-25

eve have met many situations in the
past that were pretty stiff propositions to
overcome, but we overcame them, didn't
we?
another thing that sustains us in our
operations is that we have diversity of
interests. If one branch of our industries
does not meet our expectations, other
branches come along with such splendid
successes that they go beyond our ex-
pectations. So things level up with us,
boys, because we are doing the right thing
and operate on right principles Of bust
ness.
"Many public utilities have suffered
somewhat during the past four years, but
more particularly during the past two
years. They have had to meet increased
cost in production without getting more
for their product, yet we have not al
lowed this condition to disturb US.
"Our oil enterprises have come along
in wonderful shape, so our organization
goes steadily forward, protecting its in
vestors, and keeping the wheels of bust
ness humming.
81 cannot tell you how proud / am of
this organization. It's the team work,
boys, that we are doing, that makes us
successful. 1t is your loyalty-your en-
thusiasm-your ability-your integrity
that always makes it possible for us to do
a big thing for our $4,000 investors and
to serve hundreds of thousands of people
well, who patronize the public utilities
which we direct.
81 want to repeat that l cannot see
anything in the present situation to dis
turb us. am full Of confidence and
know you are, and we will go to our duty
with that same spirit that has carried us
through so many years Of success and has
enabled us to be a great help i'm establish
ing the industries of this country on a
solid footing.
at is a great work we are doing and
/ am proud to be associated with you in
the doing of it, and you have shown here
at this meeting that you are proud to be
associated with us in the doing of it. So
efforts?
Besides, we are doing business, boys,
in the greatest country in the world,
whose resources are unlimited, and it is
our business to continue to develop those
resources as we have in the past"
Now, it developed all through these
proceedings that not single man in the
Doherty organization struck a note that
expressed doubt as to the future of the
business of their organization or as to the
future of the business of this country.
And submit that if every business organ
ization in the country will cut out all the
talk about things being bad and uncertain,
we will quickly adjust ourselves to the
new conditions that now confront us and
go along and be more prosperous than we
have ever been.
I learned one thing at these meetings
of the Doherty executives that think is
one Of the biggest things / have yet run
across in business. 1t is this:
AS soon as any one becomes an inves-
tor in the Doherty enterprises, that min
ute he or she is regarded as partner in
the business, and the house Of Henry L.
Doherty & Company, 60 Wall Street, feels
so strongly its responsibility to its inves-
tors that all of the executives and their
coworkers in the many Doherty enterprises
work increasingly and untiringly to make
their properties successful, thus insuring
investors Of the stability of their invest
ments and to give them an adequate re-
turn on their investments.
have only touched the high spots of
these meetings of the executives of the
Doherty organization, and the way came
to write this story is due entirely to my
enthusiasm about the effect it would have
on the public if it were printed. So |
suggested to Mr.. Doherty and Mr..
Frueauff and several of their associates
that report of their meetings should be
printed because it will do lot, in my
judgment, to allay the doubts so generally
expressed just now about the future Of
the business of this country They told
me to tell the story, so here it is.
This is a time for all of Us to have
confidence, to put pep into our activities,
to pull together. Don't you think so?
And is it not fine that big organization
brings it's executives together, even at the