LETTER XVIII.
ORGANIZATION OF THE IDEAL RAILROAD.
My Dear Boy:—Someone has asked me how far up and how far down the principles of the unit system and the chief of staff idea can be applied. It is too bad the answer is so easy. Otherwise we might inaugurate a guessing contest and offer prizes. The unit system is applicable to every phase of modern organization. When its principles are better understood, you will see develop in the great financial centers some such important title as vice-chairman, in order that rank and authority may be conferred superior to that of the presidents of the constituent properties. Both the chairman and the president need a senior vice-chairman and a senior vice-president, respectively, to act as chief of staff. The New York Central once had a senior vice-president, W. C. Brown, and the St. Louis & San Francisco created the same position for Carl Gray. When these two able men became presidents, their
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