Quoted in Wm. Mahl, "The Relation That the Accounting Department of Railroads Should Bear to the Stockholders or Owners of the Property," May 27, 1892, p. 3, 2E 462.
For similar comments, London Times, Aug. 24, 1883, Foreign Bondholders Clippings Files, 17:213-14, ser. 1, r. 226.
The books and formulations that I have in mind are classics of their literature.
Matthew Josephson, The Robber Barons: The Great American Capitalists, 1861-1901 (New York: Harcourt, Brace, 1934).
Frank Norris, The Octopus: A Story of California (New York: Bantam Books, 1958, orig. ed., 1901).
Chandler, Visible Hand, 3-12, 79.
Chandler, Visible Hand, 145-54.
Chandler, Visible Hand, 120-21, 160.