But on the balance sheets of Taggart Transcontinental, the checks of Jim’s subsidies for empty trains bore larger figures than the profit brought by the best freight train of the busiest industrial division.
Just look at my balance sheet-and then look at the books of a certain competitor of mine, who’s got all the customers, all the raw materials, all the technical advantages and a monopoly on secret formulas-then tell me who’s the profiteer! …. But, of course, the public does need railroads, and perhaps I could manage to absorb a certain raise in rates, if I were to get-it’s just a thought-if I were to get a subsidy to carry me over the next year or two, until I catch my stride and-"
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The company has good income, but a weak balance sheet.
The fixed Swedish assets were unassailable and genuine, available to public scrutiny, balance sheets, and audits.