that leads up to a buainesa consolidation are oi the nature of derangementa of industry, after the manner spoken of above. So that business interesta and manceuvres commonly delay conaolidationB, combinations, correlations of the several plants and procosaes, for some appreciable time after such measures have become patently advisable on industrial grounds. In the meantime the negotiators are working at cross-purposes and endeavoring to put their rivals in as disadvantageous a light as may be, with the result that there is chronic derangement, duplication, and misdirected growth of the industrial equipment while the strategy is going forward, and expensive maladjustment to be overcome when the negotiations are brought to a close.^
Serviceability, industrial advisability, is not the | decisive point. The decisive point is business expediency and business pressure. In the normal [ course of business touching this matter of industrial consolidation, therefore, the capt-ain of industry works against, as well as for, a new and more efficient organization. He inhibits as well as furthers the higher organization of industry.^ Broadly,
' WIUicBB the rate warij and che duplications of mefflcient track nnd I (ormlnal equipment among the railwars, and Ibe similar duplications I In the iron and sIcbI indualry. The Byat^m of railway t«rminala In Chicago, t.g., la an illuminated objecUlesaon of syBlematic ineptllade.
•The splendid reacli of this inhibitory work of the captain of industry, as well as oC his agp^sBlve work of oonsolidatlon, is well shown, [or iiimance, In tlie history and present position of the railway
40 THE THEORY OF EUaiNESS ENTEKPRISE