Monopolies -- United States; Railroads and state -- United States
The conclusion to be drawn from the facts of the case, as they develop
themselves, is, that these Pacific railroad companies have used the
federal offices, and the public moneys, and lands, for enriching
themselves; that a company of men, in congress, and out of it, have
combined and confederated together for the purpose of robbing the
people, and controlling the government. We have selected the Union and
Central Pacific companies for illustrations, and attempted to state the
facts in their case, not because of any exception that they present to
the general rule, but to show the manner in which the people are duped
and defrauded by congressmen voting government aid to railroad
companies, under the pretext of developing the country, and the equally
false necessity of providing speedy and secure transportation for the
mails, troops, supplies, and munitions of war.
One peculiar feature about the whole matter is, that congressmen have
deemed it necessary for the accomplishment of their object, to become
personally interested in their own legislation by subscribing stock, and
becoming directors in the companies to which they voted these aids. We
can name congressmen who, if they were not stockholders in these Pacific
roads, at the time the bonds and lands were voted, certainly were
stockholders and directors when these companies were relieved from the
payment of the interest on the bonds issued to them by the government,
to-wit: Oakes Ames and James Brooks. How many more held stock we cannot
tell; but the fact that members were stockholders and directors must
have been known to the different departments, for, under the charter of
these companies, the directors, and especially the government directors,
are required to report in detail the condition of the companies, and the
names of the directors once each year to the secretary of the interior,
at Washington. If the reader would know the extent of congressional
legislation in favor of the rings, and combinations of men, plundering
the people, he need only look over the different acts of congress passed
directly for their benefit during the last twelve years. He will arise
from their perusal feeling that the chief duty of the government is to
foster, protect, and enrich these rings at the expense of the people.
Public-domain text, read in full here on John Shaqi.
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