Monopolies -- United States; Railroads and state -- United States
DEAR SIR: The progress of the railroad question is remarkable in our own
state. As a member of the Iowa legislature, for ten consecutive years, I
have had occasion to note that progress, and to observe the advancement
of that interest from struggling infancy to vigorous growth--from
feebleness to a strength that is fearful to contemplate.
The people of Iowa, through their legislature, have always been
eminently friendly to the construction of railroads and the promotion of
the railway interests. In proof of this, witness the whole history of
our legislation; witness our magnificent land grants, subsidies, bonds,
subscriptions, and taxes, to the amount of five per cent of our entire
valuation, in one year, as free gifts to railroad corporations. And yet
some of these corporations have cheated us as people never were cheated
before. We have afforded immunities to capital invested in railroads
that are not afforded to any other kind of capital in the state. Witness
the hitherto almost entire exemption from taxation of that kind of
property. But, more than this, we have laws regulating the charges to be
made by those engaged in several of the industrial pursuits, while up to
the present time there has been no law upon our statute books
interfering with the charges made by railroad corporations; and only
_the right_ to interfere has been claimed in cases of public necessity,
where those corporations are guilty of gross extortion or unjust
discrimination.
The first grant of lands to aid in the construction of railroads in our
state is known as the "Iowa Land Bill," which passed congress and was
approved by the president, May 15th, 1856. Under this act there has been
certified to the state, to aid the four original land grant roads, as
follows: to the Burlington & Missouri River railroad, two hundred and
eighty-seven thousand acres; to the Mississippi & Missouri (now part of
the Chicago, Rock Island, & Pacific) railroad, four hundred and
seventy-four thousand six hundred and seventy-five acres; to the Iowa
Central (afterwards the Cedar Rapids & Missouri River) railroad, seven
hundred and seventy-five thousand and ninety-five acres; and, to the
Dubuque & Sioux City railroad, one million two hundred and twenty-six
thousand five hundred and fifty-nine acres. On the 12th of May, 1864,
congress passed an act granting lands to aid in the construction of
another railroad across the state, from the city of McGregor, westward,
on or near the forty-third parallel, to Sioux City. The lands in this
grant were supposed to exceed a million of acres, but were found
afterwards to be less than half a million. On the 12th of July, 1862,
congress authorized the diversion of a portion of the Des Moines River
Improvement company's land grant to the Des Moines Valley railroad
company, the amount of which I have not before me. It is safe to say
that all these railroad land grants, taken together, amount to _over
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