Monopolies -- United States; Railroads and state -- United States
But let us follow still further the course of this Pacific railroad
company. It would occupy too much space, and weary the reader were we to
state in detail all the acts of congress passed in aid of this gigantic
combination. In speaking of the Pacific railroad we are apt to look upon
it as simply a line of road extending from the Missouri river to the
Pacific ocean; to consider its great length; the character of the
country through which it passes; the sparse settlements; the necessity
for direct and speedy communication between the Atlantic and Pacific
states, and we yield a ready assent to the action of congress in voting
lands and subsidy bonds for its construction. But when we find that the
charters of the Union Pacific and Central Pacific companies, and their
various amendments, together with the several acts of congress making
many other companies branches of the Pacific road, virtually
consolidates all the railroads between the cities of St. Louis and St.
Paul on the Mississippi river, and all the railroads running west from
Chicago, into one vast corporation, uniting all in one track from Fort
Kearney to the Pacific ocean, the people will begin to realize that
while they thought congress was appropriating lands and moneys solely
for the purpose of opening a highway across the territories, it was in
fact aiding a combination of men and corporations in their attempt to
control the commerce of the great west; and when we further learn that
this great railroad interest is already virtually consolidated, and that
the whole people are placed at the mercy of this great monopoly, we see
at a glance the extent of the power vested in it by act of congress.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account