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Updated: May 8, 2025
They sold one quality of material and delivered another quality of material. They always delivered an inferior quality. There is not one case recorded in the business history of San Francisco where a contractor or builder delivered a quality superior to the one sold. A seven-million-dollar city hall became thirty cents in twenty-eight seconds.
Fishel there now appears Mr. Morgan Frankhauser, the partner of Mr. Hand in a seven-million-dollar traction scheme in Minneapolis and St. Paul. Why will Mr. Hand be so persistent? Why pursue a scheme of revenge which only stirs up the masses and makes municipal ownership a valid political idea, thus disturbing capital elsewhere?
We began throwing out everything that did not contribute to the production of cars. The only immediate payment scheduled was the purely voluntary one of a seven-million-dollar bonus to our workmen. There was no obligation to pay, but we wanted to pay on the first of January. That we paid out of our cash on hand. Throughout the country we have thirty-five branches.
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