Monopolies -- United States; Railroads and state -- United States
In order to restore to the people the rights now denied them, and to
abridge the combined power of the monopolies who now rule the country,
the control of the finances must be taken from them. The financial
policy of the government, adopted during the late civil war as a war
measure, is still adhered to. The internal commerce of the whole country
is controlled by a few men--the same who own and operate the railroads
and rule the _business_ in "Wall street." The peculiar financial policy
of the government tends to concentrate the money of the country--to
gather it together, rather than to scatter it abroad. New York City
being the great commercial center, and the internal commerce of the
country, being under the control of a few men who make this metropolis
their principal place of business, with their vast lines of railroads
extending over the whole country, bringing to them a never-ceasing
stream of money, they are able to regulate the market value of almost
all articles of commerce, and to limit the supply of the circulating
medium as occasion serves. We have already shown the bad results of the
system upon the interests of the people, and do not intend to repeat it
here. Ordinarily, the laws of trade, of demand and supply, will regulate
and equalize the distribution of the circulating medium over the
country. Such will always be the case if no special causes exist to
prevent it. But with the railroad interest of the country controlled by
the same combination of men who "corner" all the coin in the country;
with the established policy of the government making depreciated paper
the only circulating medium, and the "legal tender" decision making this
depreciated currency the standard of values; with the constant
fluctuation of prices resulting from the above named causes--it is not
strange that these corporations and Wall street brokers control the
finances of the country. Until this control is taken from them, the
wrongs of the people cannot be redressed.
Public-domain text, read in full here on John Shaqi.
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