Monopolies -- United States; Railroads and state -- United States
worthless inventions and pretended discoveries upon the government, and
then palm them off upon the people. Under the present system of
obtaining letters patent, the people are wronged and often cheated, and
for their wrongs the government is mainly responsible. Some other plan
should be adopted, which in its operations would liberally compensate
the inventor, and at the same time protect the people from extortions
practiced by the owners of valuable inventions, and also from the
thousands of adventurers who have been so fortunate as to obtain letters
patent upon pretended discoveries of principles neither new nor useful,
using their letters of credit for the purpose of defrauding the public.
CONCLUSION.--We now approach the end of our labors. We have sought to
present to the reader a candid statement of the different questions we
have discussed; to lay before him evidence of the great and growing
power of the men who are surely and swiftly getting control of the
departments of the government, and monopolizing the finances and
commerce of the whole country. In doing this we have endeavored to
direct attention to the exclusive and munificent grants made to railroad
companies, and to their abuse of these grants; to the means used by them
to get control of the legislative and judicial departments of the
government, and their apparent success in that direction; to the
abridgment of the rights of the people incident thereto; to the
dishonest and fraudulent practices of the men constructing, owning, and
operating railroads; to the disgraceful Credit Mobilier swindle, and its
influence upon the country; to the questionable position of some of the
men representing the people in congress; to the destruction of the
rights of the states and of the people; to the disregard of the
constitutional restrictions and safeguards when the interests of these
corporations were to be subserved; the purposes for which taxes should
be levied; to the nature of railroad corporations--that they are private
in their organization, and subject to the control of the people; to the
effect of the policy of affording local aid to railroad companies by
taxation, etc.; to the blighting influence attending municipal
subscriptions to railroad companies; to the impositions practiced in
transporting freights, and the warehouse and elevator abuses; to the
fraudulent increase of capital stock by railroad companies through the
watering process, and the extortions necessary to this dishonest
practice; to their relative immunity from the burdens imposed for the
support of government; to the strong grasp of consolidated capital upon
the legislation of the country; to the special privileges granted to
corporations by state legislatures; to the influence of these
corporations on the executive department of the government; to the
absolute control of the treasury and the finances enjoyed by
corporations and Wall street brokers, with the manner of doing business
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