Monopolies -- United States; Railroads and state -- United States
"I must, however, make haste to say, that among the dangers of the
times, is one which has developed out of the prodigious rapidity of the
accumulation of enormous and consolidated wealth. If I stand in the city
of New York and look southward, I see a railroad--the Pennsylvania
Central, that runs across the continent with all its connections. Its
leases and branches represent a capital of some hundreds of millions of
dollars. If I turn my eyes to the north, I see the Erie, where many
hundreds of millions dollars lie. If still further to the north, I see
the great New York Central, that represents hundreds of millions of
dollars. These three roads represent thousands of millions of
consolidated capital. Now suppose, in any emergency the railroad
interest demands--suppose there were some great national question which
demanded that the president of the United States should be a man, and
the senate should be composed of men playing into the hands of the great
national railroads' concentrated capitalists, what power is there on the
continent that could for a moment resist them? It is not a great many
years since it would seem almost atrocious to have suggested that
thought. But legislatures have been bought and sold, until we think no
more about it than of selling so many sheep and cattle. Does any body
suppose that if it were a national interest that these vast corporations
were seeking to subserve, that there is any legislature on this
continent that could not be crushed or bought out by this despot,
compared with which even slavery itself were a small danger. One of the
greatest humiliations of a nation that is justly proud of so many
things, is that disaster which has fallen upon our congress. When we see
the slimy track of the monster, we may justly ask: 'What are we coming
to?' There has got to be a public sentiment created on this subject, or
we will be swept away by a common ruin. I tell you that the shadow that
is already cast upon the land is prodigious. I do not believe in the
sociologists, in the international, nor the communists; but when I see
what rich men, as classes, are doing with our legislatures, what laws
they have passed, what disregard there is to the great common interest,
I fear that the time will come when the workingmen will rise up and say,
that they have no appeal to courts, no appeal to legislatures; that they
are bought and owned by consolidated capital, and when that time comes,
unless it brings reformation, it will bring revolution; and if any such
time does come, I do not hesitate to say I will stand by the common
people for the encouragement of the working people, and against the
wealth of the consolidated capital of the land."
Public-domain text, read in full here on John Shaqi.
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