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THE INDIVIDUAL, THE CORPORATION, AND THE GOVERNMENT

welfare of the people of this country, of the manufacturers, and of all business, including the railroad business, is interdependent, and in the long run there must be proper relations between them and the Government and fair and reasonable treatment of and by each to permit that progress in this country which its marvelous resources and intelligent population justify.

Railroading is a business, and is conducted under much the same conditions as the manufacturing business and has many of the same problems and difficulties. There are three important differences, however, between the manufacturing business and the railroad business. The first is that manufacturers can Rh