Monopolies -- United States; Railroads and state -- United States
one that openly and broadly covers the whole ground, and assumes to
regulate the internal affairs of the states, but there are numerous acts
passed in relation to land grants and the companies chartered by
congress, which have the same effect. In some cases the absolute control
of roads constructed under charters obtained from state legislatures, or
under state laws, has been taken from the states by acts of congress,
and placed under the jurisdiction of the general government. In most
instances where this has been done, members of congress, or their near
relatives, were large owners of stock in the companies to be benefited
by the act. To speak more plainly, the acts granting special privileges
to particular companies, and placing them under the jurisdiction of the
federal government, were passed for the benefit of congressmen and
others in high official position. Let us examine some of these acts.
Among the stockholders and directors of the Union Pacific and its
branches, there are found at least eight persons who were members of
congress at the date of the act of congress creating the corporation,
and also at the date of the material amendments to the charter. Some of
these congressmen are still stockholders and directors, and were
directors when congress released these companies from payment of
interest on the bonds they had received from the government. Another
land grant company having congressmen among its stockholders and
directors, is the Leavenworth, Lawrence, & Galveston; also, the Iowa
Falls & Sioux City; also, the Cedar Rapids & Missouri River; also, the
Burlington & Missouri River; also, the Atlantic & Pacific; also, the New
Orleans, Mobile, & Texas; also, the Northern Pacific; also, Sioux City &
Pacific; also, the Fremont, Elkhorn, & Missouri Valley. The number might
be extended, but enough is given to sustain our charge. Most of the
above named companies were organized under state laws, or received their
charters from state or territorial legislatures. For the purpose of
consummating certain speculative ends, congress has treated with
contempt state laws and state authority. Where charters have been
granted under state authority, and the companies were rightfully under
the control of the states within which their roads were located, acts
like the following have been passed by congress: "That the Leavenworth,
Pawnee, & Western railroad company, of Kansas, are hereby authorized to
construct a railroad and telegraph line from the Missouri river, at the
mouth of the Kansas river, on the south side thereof so as to connect
with the Pacific railroad of Missouri;" and then follow the details for
constructing and operating the road, and placing it under the control of
the general government. In the case of the Central Pacific company,
chartered by the state of California, congress passed the following
act:--
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