The railroad decided to play tough with Henry Kaiser. Kaiser was supplying the cement for the building of the Shasta Dam. The Southern Pacífic Railroad had close ties to the cement cartel that lost the contract so they wanted to get even. When Kaiser asked for a good rate to ship his cement from the plant around a mountain, they said, “No.” They weren’t even going to lay track to his cement plant. He had to build a conveyor belt to their tracks. Kaiser was over a barrel.
This is what happened:... [Read More]
Here is another quote from, Masters of Enterprise by H. W. Brands.
In his instructions to his subordinates Carnegie made his philosophy succinct and explicit.
Show me your cost sheets. It is more interesting to know how well and how cheaply you have done this thing than how much money you have made, because the one is a temporary result, due possibly to special conditions of trade, but the other means a permanency that will go on with the works as long as they last.... [Read More]
Yet he strove constantly to bring them down. Efficiency became an obsession with Carnegie. He adapted accounting methods from the Penn to monitor every item his mills used. “There goes that damned bookkeeper,” grumbled one of his foremen. “If I use a dozen more bricks than I did last month, he knows it and comes round to ask why.” Carnegie found ways to use what other companies tossed out as scrap. He hired a full-time chemist who overturned received notions about ore quality and saved millions of dollars in purchasing. Appalled at the high cost of fire insurance, Carnegie ordered his wooden buildings replaced with iron and cancelled his policies. He was always on the lookout for the latest improvements in production technology, which he implemented at once almost without regard to current cost. In one case he ordered his lieutenants to tear out a three-month-old rolling mill when he found something more efficient. Encountering a British steel man who boasted that his company maintained its equipment so well that it was still using facilities that were twenty years old, Carnegie retorted that that was precisely what was wrong with Britain’s industry. “It is because you keep this used-up machinery that the United States is making you a back number.”[emphasis not in the original]—- “Masters of Enterprise” by H. W. Brands
I am reading the book, Masters of Enterprise by H. W. Brands, and came across this quote. His associates chose unwisely.
His canal plans, however, ran afoul of the British government, which refused to sanction a Central American waterway it didn’t control; they also collided with the machinations of some former associates who, during the first vacation of his life, attempted to swindle him out of control of his own company. Vanderbilt responded with a letter that became legendary in the annals of American business:... [Read More]
“Exercise is a dirty word. Every time I hear it I wash my mouth out with chocolate.”
― Charles M. Schulz
People love chopping wood. In this activity one immediately sees results. — Albert Einstein
Read more at: https://www.brainyquote.com/quotes/albert_einstein_108301
Everyone knows it is easier to pay tomorrow. Doing it today is hard. Whereas I have plenty of time and resources tomorrow, today I am busy. I will be younger and healthier too in twenty-four hours.
“I will start my diet tomorrow.”
On Friday, February 23rd, 2018 former Secretary of State Condoleeza Rice appeared on the Hugh Hewitt radio program. In a rambling discussion, she said the following about gun violence.
I will say this, Hugh. I think it is time for us to have a conversation about what the right to bear arms means in the modern world. I don’t understand why civilians need to have access to military weapons. We wouldn’t, we wouldn’t say you can go out and buy a tank. So I do think we need to have that conversation.... [Read More]
A friend forwarded this to me, provenance unknown, but I don’t care. Agree with it exactly.
(BTW, when I run across things like this, I now have a nearly autonomic impulse to share with my Ratburghers.)... [Read More]
Kurt is always a smart and fun read, but today he was coffee-spitting fabulous! Here’s three quotes and a link to the whole thing. It’s ironic to have this much fun over such a sad and Satanic episode involving our betters, I know.
(This is a welcome side show to the unraveling of ObamaGate; Rice, Priestap, et. al.)... [Read More]
“God says, ‘If you plant the seed, I’ll make the tree.'” — Jim Rohn
All big things start small.... [Read More]