Monopolies -- United States; Railroads and state -- United States
In order to fully realize the great power of what is known as the
Pacific railroad companies, it will be necessary to look at the Central
Pacific company, and its control of the transportation of freights and
passengers from the Pacific country. This company, organized under the
laws of California, was, by acts of congress of July 1st, 1862, admitted
into the grand combination known as the Pacific roads, and granted equal
privileges with the Union Pacific and branches. The Central Pacific
extends from the Pacific ocean to Ogden, a distance of eight hundred and
eighty-one miles. The acts of congress of April 4th, 1864, and July 2d,
1864, granted to this company additional privileges and powers,
including the right of consolidating with all the companies on the
Pacific coast. In 1870 the following companies, to-wit: The Western
Pacific railroad company; the San Francisco, Oakland, & Alameda railroad
company; the San Joaquin railroad company; the California & Oregon
railroad companies were consolidated.
The state of California at that date had but one thousand and thirteen
miles of road within its borders. Of this number of miles, about
one-half became a part of the Central Pacific, by the consolidation as
above stated. All the roads pointing towards the east were combined in
this one great corporation, forming a solid body, with one common and
general object and interest, viz: a monopoly of the travel and traffic
with the eastern states. And congress, by appropriating lands and
subsidy bonds, and granting exclusive rights and privileges to this
monster monopoly, has given it the key not only to the overland commerce
of the country, but also to the commerce of our country with other
nations upon the Pacific ocean. This giant monopoly, by the aid of
congress, has obtained the absolute control of the best interests of
the whole people for all time to come--a control that is now being used,
and will continue to be used, to enrich its own members and stockholders
by oppressive levies for transportation over its roads.
To fully comprehend the cost to the country of these munificent gifts by
congress to the Union and Central Pacific corporations, let us examine
the expense somewhat in detail.
First. A grant is made of all the material needed in the construction of
the roads, found within ten miles of the line of said roads.
Second. A grant of thirty-five million acres of the public lands,
amounting, at $1.25 per acre, to $43,750,000. This vast amount of land
is taken from the people and given to companies by congressmen who in
some instances are members of the companies, and receive their _pro
rata_ share of the grants.
Public-domain text, read in full here on John Shaqi.
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