Monopolies -- United States; Railroads and state -- United States
As a result of this new mode of conducting business, let us see how the
price of freights is affected. During the summer and fall of 1872 the
price of freights by water from Chicago to New York was $4.25 per ton,
and by railroad from $7.00 to $8.00. With the close of navigation the
rates, under the management of the dispatch companies, advanced to from
$25.00 to $28.00 per ton. While the railroad companies can carry for
$7.00, the dispatch companies charge $25.00. The margin for profit on
the stock of these dispatch companies promises to equal the dividends
of the Credit Mobilier stock, and from this showing we can have some
idea of the robbery being practiced upon the people, particularly the
farmers. Well may the producers of the west complain of these swindling
monopolies, and band together for mutual protection.
CHAPTER XVI.
A PRIVILEGED CLASS--THE MONOPOLISTS RELIEVED OF THE BURDENS OF
TAXATION--AN OUTRAGE UPON REPUBLICAN GOVERNMENT.
Another evil resulting from the railroad system of the country is the
partiality shown railroad companies in the matter of taxation. The
constitutions of all the states provide that the levy of taxes shall be
uniform; and in contemplation of law each owner of property subject to
taxation must bear a proportionate share of the taxes levied for the
support of the government. Indeed, it is a part of the compact entered
into among all civilized people, that each will contribute a
proportionate share towards defraying the expenses of the government
under which he lives, and which affords him protection, and secures to
him the enjoyment of his rights as a citizen. In a republic where all
have, or are supposed to have, equal rights, this contribution to the
support of the government is a duty weighing upon all, and to make a
discrimination in favor of any man or class of men, or of any companies
or corporations, contradicts the fundamental principles of republican
government, and recognizes favored or privileged classes. To compel the
property of individuals to alone bear the burdens which should be shared
by that of corporations violates both the letter and spirit of the
constitution. All public burdens should bear equally upon all people,
associations, and corporations. The legislature has as much right to say
that the property of one-half of the citizens of a state shall pay the
entire expenses of the government, while no taxes shall be imposed upon
the property of the other half; or to provide that they who engage in
particular branches of business shall supply all the means for defraying
the expenses of the government, as to provide for the partial or total
exemption from taxation of the property of corporations. Yet as a
matter-of-fact railroad corporations are not required to pay their
proportionate share of taxes, nor is their property subjected to the
same rules of taxation as that of individuals. In almost all the states
these corporations are taxed upon their earnings; their own officers
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