Monopolies -- United States; Railroads and state -- United States
agricultural interests of the great west. By having placed in their
hands the large grants of land and subsidies voted to railroad
corporations, they acquired the means of controlling the principal roads
throughout the country. Roads in Texas, Louisiana, Alabama, Arkansas,
Kansas, Nebraska, Iowa, and in other states and territories, are owned
and managed in the exclusive interest of capitalists in the eastern
cities who have no interest in the communities where these roads are
located, save to realize large dividends by extortions and oppressions.
All of the roads receiving large grants and subsidies, whether from the
general or state government, or as local aid, are in the hands of this
class of men, with their fiscal and transfer agencies in the cities
above named.
This statement has its illustration in the Kansas City, St. Joseph, &
Council Bluffs company, which has five directors in Boston, two in New
York, one in Michigan, and one in Missouri--Fiscal agency and transfer
office, Boston. Peoria & Bureau Valley company has its principal office
in New York; Chicago & Northwestern--Financial and transfer office, Wall
street, New York; Dubuque & Southwestern--all of the directors, save
one, and its financial agency, in New York; Atchinson, Topeka, & Santa
Fe company--fiscal agency and transfer office, Boston; Galveston,
Harrisburg, & San Antonio company--Fiscal and transfer agency, Boston;
Leavenworth, Lawrence, & Galveston company--Fiscal agency and transfer
office, Boston; Kansas City & Sante Fe company--Fiscal and transfer
agency, Boston; Cedar Falls & Minnesota company--All of the directors
reside in New York; Iowa Falls & Sioux City company--Of the directors,
John B. Alley, Oliver Ames, P. S. Crowell, and W. T. Gilden, reside in
Massachusetts, J. I. Blair in New Jersey, and W. B. Allison and Horace
Williams in Iowa--Fiscal and transfer agency, Boston; Colorado Central
company--Of the directors, Oliver Ames, Frederick L. Ames, and four
others, reside in Massachusetts, and the fiscal agency is in Boston, and
the principal office in California; Cedar Rapids and Missouri River
company--John B. Alley, Oliver Ames, and nine other of the directors
are in the eastern states, and James F. Wilson, and three others, are of
Iowa; Northern Pacific company--Principal office, New York; Hannibal &
St. Joseph company--Fiscal and transfer office, New York; Burlington &
Missouri River company--Fiscal and transfer office, New York; Union
Pacific (central branch)--All but two of the directors in Washington
City and the east, and principal office in New York; Union
Pacific--Among the directors are Oliver Ames, Oakes Ames, and eleven
others in New York and Massachusetts, one in Illinois, and G. M. Dodge
in Iowa--Fiscal agency, Boston; transfer offices, Boston and New York;
Fremont, Elkhorn, & Missouri Valley company--John B. Alley, of Boston,
John I. and D. C. Blair, of New Jersey, C. G. Mitchell, of New York,
Public-domain text, read in full here on John Shaqi.
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