BUSINESS, it seems, like some people we know, cannot stand prosperity. Corporate and individual habits follow a closely parallel course during an era of economic expansion. Good times and quick profits breed extravagance and wastefulness; but that keen perspective of sound business principles which makes for economical management is dimmed in the glare of prosperity, and in due course the inevitable recession develops, necessitating a prolonged and painful adjustment to conservative but sounder standards.By A. W. ELUE10 min
EDMUND PUGSLEY’S series of articles on “Pioneers of the Steel Trail” has brought us a number of most interesting letters from old-timers among the railroad men of this country. The first article, devoted to Peter Righter, the engineer who took the first passenger train from Montreal into Vancouver, has stirred the memory of Alex.
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