It is said that the bursting of a pin in the driving-wheel of
an engine in the Illinois Steel Company will cost the company
$369,000, since the accident stopt the operation of the whole
plant about six days and a half, and the loss involved by the
stop was reckoned at about $40 a minute. This fable teaches that
great business operations work both ways: where big profits are
made big losses stand ready to overwhelm when something goes
wrong.
(1887)
=Loss Creating Wealth=--See DISCOVERY, ACCIDENTAL.