The History of the Standard Oil Company by Ida M. Tarbell
2. How about the Hoosac Tunnel?
186 words | Chapter 8
In 1856 I undertook to build the Hoosac Tunnel, at that time
ridiculed as visionary and utterly impracticable. I carried it on
until 1862, when its practicability was so fully demonstrated that
it was considered some discredit to Massachusetts to allow the work
to proceed under engineers from another state, and honourable
members of the Legislature declared that Massachusetts had engineers
as competent as any that could be found in Pennsylvania. The work in
my hands, as was proved by reports of investigating committees, was
costing less than $2,000,000, and the trouble then was that the
margin was considered too large, and that I was making too much
money on the $2,000,000, which the state had agreed to advance. In
1862 the state took the work out of my hands and put it under
control of state commissioners and engineers. The result was that
instead of getting the Hoosac Tunnel completed for $2,000,000, which
was amply sufficient in the hands of H. Haupt and Company, it has
now cost, _under state management_, nearly $17,000,000.
I hope this explanation will be considered sufficient to “smash”
Number 2.
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