Mining engineers

111 quotes found

"[Engineering] is a great profession. There is the fascination of watching a figment of the imagination emerge through the aid of science to a plan on paper. Then it moves to realization in stone or metal or energy. Then it brings jobs and homes to men. Then it elevates the standards of living and adds to the comforts of life. That is the engineer’s high privilege. The great liability of the engineer compared to men of other professions is that his works are out in the open where all can see them. His acts, step by step, are in hard substance. He cannot bury his mistakes in the grave like the doctors. He cannot argue them into thin air or blame the judge like the lawyers. He cannot, like the architects, cover his failures with trees and vines. He cannot, like the politicians, screen his shortcomings by blaming his opponents and hope that the people will forget. The engineer simply cannot deny that he did it. If his works do not work, he is damned. That is the phantasmagoria that haunts his nights and dogs his days. He comes from the job at the end of the day resolved to calculate it again. He wakes in the night in a cold sweat and puts something on paper that looks silly in the morning. All day he shivers at the thought of the bugs which will inevitably appear to jolt its smooth consummation. On the other hand, unlike the doctor his is not a life among the weak. Unlike the soldier, destruction is not his purpose. Unlike the lawyer, quarrels are not his daily bread. To the engineer falls the job of clothing the bare bones of science with life, comfort, and hope. No doubt as years go by people forget which engineer did it, even if they ever knew. Or some politician puts his name on it. Or they credit it to some promoter who used other people’s money with which to finance it. But the engineer himself looks back at the unending stream of goodness which flows from his successes with satisfactions that few professions may know. And the verdict of his fellow professionals is all the accolades he wants."

- Herbert Hoover

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"Contemporaries struggled to explain what had gone wrong with capitalism. The American President, Herbert Hoover, was no uncritical believer in laissez-faire economics. During the 1920s, he had expressed his support for export promotion, collective bargaining, agricultural cooperatives and business 'conferences' as ways of tackling economic problems. In Hoover's eyes, however, there were limits to what government could do. The Depression was a 'worldwide' phenomenon due to 'overproduction of . . . raw materials' and 'overspeculation'; the ensuing 'retribution' was similar in its character to what had happened in 1920 and 1921. The country's 'fundamental assets', he argued, were 'unimpaired'. All that was needed was for the Federal Reserve to continue to supply 'ample . . . credit at low rates of interest', while maintaining the dollar's price in terms of gold; for the government to expand public works, though without unbalancing the budget; and for the necessary 'savings in production costs' to be shared between 'labor, capital and the consumer'. Hoover also backed an increase in the numerous tariffs that had long protected American producers of food, textiles and other basic products from foreign competition. Unfortunately, none of this sufficed to counter the plunge in economic confidence. On the contrary, the policy made matters worse. By refusing to relax monetary policy, the Federal Reserve failed disastrously to avert waves of bank closures in 1930 and 1931, actually raising its discount rate in October 1931; the attempt to run a balanced budget meanwhile prevented any kind of counter-cyclical fiscal stimulus; and the protectionist Smoot-Hawley trade bill enacted in June 1930, though it did not radically increase tariff rates, nevertheless dealt a blow to financial confidence. The German economy had to swallow an equally lethal policy brew of interest rate hikes, tax increases, spending cuts and protection."

- Herbert Hoover

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"To White House visitors, the President by this time seemed prematurely aged. He kept up a punishing regimen of rising at six and working without interruption until nearly midnight. His clothes were disheveled, his hair rumpled, eyes bloodshot, complexion ashen. He grew increasingly testy and brittle. "How I wish I could cheer up the poor old President," wrote the venerable Stimson, Hoover's senior by seven years. Never temperamentally suited to the pelting and abuse of the political arena, a man naturally diffident and inordinately self-protective, Hoover was painfully bruised by blows from both the left and the right. As early as 1919 he had conceded that "I do not... have the mental attitude or the politician's manner... and above all I am too sensitive for political mud." By the fall of 1932 he had lost all stomach for political campaigning. He took to the hustings only in October and seemed to campaign more for vindication in the historical record than for affection in the hearts of voters. Just four years earlier he had won one of the most lopsided victories in the history of presidential elections. Now he took an even worse drubbing than he had given Al Smith. On November 8, 1932, Hoover won just six states. The Great Engineer, so recently the most revered American, was the most loathed and scorned figure in the country. All eyes now looked to his successor, Franklin D. Roosevelt."

- Herbert Hoover

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