"The Driver" by Garet Garrett - anticipating Atlas Shrugged?
"Who is Henry M. Galt?" is the most obvious element in this novel about one man whose financial control of railroads made him more powerful than the US Senate. Gripped by the Panic of 1893 and the ensuing recession, the nation begins a slide into the bust following a boom when one man leverages his economic power to reverse the trend.
The secondary story of the narrator's on-again-off-again relationship with Natalie Galt did little to move events forward. It was told from a man's point of view, of course, so she lacked weight. However, her little speech on his presumptions pretty much sums up the man-woman thing.
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"Why do all men, though by different ways, come the same place?" [Natalie asked.]
"I know nothing about all men," I said. "It's enough to know about myself. I am not very sure of that."
"They all do," she said, reflectively.
"But I want to marry you," I said with emphasis on the personal pronoun.
"Yes;... that, too," she said with a saturated air.
"Oh, weary Olympia!" I said. "How stands the score? How many loves lie beheaded in your chamber of horrors? Or do you bury them decently and tend their graves?"
"You try me," she said with no change of voice or color. "It is very stupid... Man takes without leave the smallest thing and presumes upon that to erect preposterous claims. Take our case. I begin by liking you. I invite you to a friendship. You are free to accept or decline. You accept. Wherein so far have you acquired rights to me? We find this relationship agreeable and extend it. All of this is voluntary. Nothing is surrendered under compulsion. We are both free. Then suddenly you overwhelm me by sensuous impulse. It is a wanton ravishing act. [Two scenes back, he kissed her.] I resent it by the only peaceable means in my power. That is, I avoid you. Immediately you assail me with violent reproaches, as by a right. Is it the invader's right of might? Is human relationship a state of war? ... Don't interrupt me, please... And now, when I have come to say that under certain conditions I am prepared to make an exception in your forgiveness, -- for Heaven knows what reason! -- you taunt me of things have no right to mention. They are mine alone."
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If the book has a thesis, it is in the concluding arguments with Congress. Galt explains that his business will save money and cut spending in good years in order to spend money on investments in lean times. (This is what Keynes recommended to governments, of course.) By this, with the Great Midwestern leading by example, all businesses can counter the boom-bust cycle.
In fact, early in the book, after the Coxey March, the narrator first meets Galt, not knowing who he is. Galt points out that the marchers ate. For all the lack of work during the depression, the country remains wealthy enough to feed anyone who asks for food. That, to Galt, is the paradox that must be unraveled.
The railroad president, John J. Valentine, did indeed manage the company right into receivership, but he is above James Taggart as a person. Only less than Henry Galt, Valentine is honest, intelligent and hard working, only overwhelmed by events. Galt is not. Later, Galt has another antagonist, Bullguard, whom he meets on the field of economic combat and they eventually come to terms, at least personally, if not financially (though that, too, obtains). Also, a character from the boardroom, Potter, becomes one of many to abandon Galt in the final crisis, but is man enough to face Galt over their differences. In these characters as in the banker, Mordecai, who sticks with Galt through thick and thin, we see business leaders of consequence. They are men of substance. Those sketches begged for that substance.
The book is for sale from the Ludwig von Mises Institute
http://mises.org/store/Product.aspx?Prod...
and they also present the book as a readable PDF
http://mises.org/books/driver.pdf
I got it from my university library but via interlibrary loan from North Dakota State University. Ed Younkins posted a longer summary and review to the Rebirth of Reason site in 2005. This review was taken from my comments in January 2006.
The secondary story of the narrator's on-again-off-again relationship with Natalie Galt did little to move events forward. It was told from a man's point of view, of course, so she lacked weight. However, her little speech on his presumptions pretty much sums up the man-woman thing.
-------------------
"Why do all men, though by different ways, come the same place?" [Natalie asked.]
"I know nothing about all men," I said. "It's enough to know about myself. I am not very sure of that."
"They all do," she said, reflectively.
"But I want to marry you," I said with emphasis on the personal pronoun.
"Yes;... that, too," she said with a saturated air.
"Oh, weary Olympia!" I said. "How stands the score? How many loves lie beheaded in your chamber of horrors? Or do you bury them decently and tend their graves?"
"You try me," she said with no change of voice or color. "It is very stupid... Man takes without leave the smallest thing and presumes upon that to erect preposterous claims. Take our case. I begin by liking you. I invite you to a friendship. You are free to accept or decline. You accept. Wherein so far have you acquired rights to me? We find this relationship agreeable and extend it. All of this is voluntary. Nothing is surrendered under compulsion. We are both free. Then suddenly you overwhelm me by sensuous impulse. It is a wanton ravishing act. [Two scenes back, he kissed her.] I resent it by the only peaceable means in my power. That is, I avoid you. Immediately you assail me with violent reproaches, as by a right. Is it the invader's right of might? Is human relationship a state of war? ... Don't interrupt me, please... And now, when I have come to say that under certain conditions I am prepared to make an exception in your forgiveness, -- for Heaven knows what reason! -- you taunt me of things have no right to mention. They are mine alone."
------------------
If the book has a thesis, it is in the concluding arguments with Congress. Galt explains that his business will save money and cut spending in good years in order to spend money on investments in lean times. (This is what Keynes recommended to governments, of course.) By this, with the Great Midwestern leading by example, all businesses can counter the boom-bust cycle.
In fact, early in the book, after the Coxey March, the narrator first meets Galt, not knowing who he is. Galt points out that the marchers ate. For all the lack of work during the depression, the country remains wealthy enough to feed anyone who asks for food. That, to Galt, is the paradox that must be unraveled.
The railroad president, John J. Valentine, did indeed manage the company right into receivership, but he is above James Taggart as a person. Only less than Henry Galt, Valentine is honest, intelligent and hard working, only overwhelmed by events. Galt is not. Later, Galt has another antagonist, Bullguard, whom he meets on the field of economic combat and they eventually come to terms, at least personally, if not financially (though that, too, obtains). Also, a character from the boardroom, Potter, becomes one of many to abandon Galt in the final crisis, but is man enough to face Galt over their differences. In these characters as in the banker, Mordecai, who sticks with Galt through thick and thin, we see business leaders of consequence. They are men of substance. Those sketches begged for that substance.
The book is for sale from the Ludwig von Mises Institute
http://mises.org/store/Product.aspx?Prod...
and they also present the book as a readable PDF
http://mises.org/books/driver.pdf
I got it from my university library but via interlibrary loan from North Dakota State University. Ed Younkins posted a longer summary and review to the Rebirth of Reason site in 2005. This review was taken from my comments in January 2006.
For many years, because of the intersection between libertarians and numismatists, I was not alone in believing that she knew of John Gault who invented a brass and mica holder for postage stamps to be used as small change. When the Civil War was engaged, prospects for the North were not good and it is famous that all metal money was hoarded, copper cents as well as silver and gold. Taking a street car or buying a newspaper became a challenge in NYC. Again, however, nothing in her private journals suggests this.