Monopolies -- United States; Railroads and state -- United States
The greatest raid made upon congress for these grants and special
charter privileges during any one term was at the session closing March
4th, 1868. When it is remembered that the public business did not
require these roads, and that the people had not asked congress to aid
in their construction, it seems incredible that in the fortieth congress
representatives and senators should have introduced more than _one
hundred and fifty bills and resolutions_ to aid railroad companies. Yet
such is the fact. A gentleman who spent much time in Washington, and
examined into this matter writes as follows:
"The latest developments show that in the grandeur and number of their
schemes of spoil and plunder, the congressional rings of railroad
jobbers throw into the shade all other rings of the lengthy catalogue of
confederate treasury robbers. * * * One hundred and fifty-nine railroad
bills and resolutions have been introduced in the fortieth congress, and
twice as many more are in preparation in the lobby; one hundred millions
of acres of the public lands, and two hundred millions of United States
bonds would not supply the demands of these cormorants. In other words,
this stupendous budget of railway jobs would require sops and subsidies
in lands and bonds, which, reduced to a money valuation, would swell up
to the magnificent figure of half of the national debt!" He continues:
"Among the jobs of this schedule is the Atchison & Pike's Peak railroad
company, or Union Pacific Central branch, which, after having received
government sops to the extent of six millions, puts in for seven
millions more. Next comes the Denver Pacific and Telegraph company,
which, having feathered its nest to the tune of _thirty-two millions_,
puts in for a little more, and this company is reported to be a mere
gang of speculators without any known legal organization whatever--a set
of mythical John Does and Richard Roes, who cannot be found when called
for. Next, we have the Leavenworth, Pawnee, & Western railroad, now
known as the Union Pacific, eastern division, chartered by the Kansas
territorial legislature in 1855, subsidized with Delaware Indian Reserve
lands in 1861, and then in 1862, by a rider on the Pacific railroad law,
granted sixteen thousand dollars per mile in United States bonds and
every alternate section of land within a certain limit on each side of
the line of the road, and the privilege of a first mortgage (by
subsequent amendment) to secure bonds issued by the company to the
amount of sixteen thousand dollars per mile. It further appears that a
clique of seceders from the old company illegally formed a new company,
and having by force of arms taken possession of the road, are pocketing
the spoils which legally belong to the old company. All this, too, with
the consent of the president, the secretary of the treasury, and
congress. From another source we learn that some half dozen Pacific
branch or main stem railroads, northern and southern, are on the anvil,
Public-domain text, read in full here on John Shaqi.
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