Monopolies -- United States; Railroads and state -- United States
for the purpose of liquidating the interest due from railroads chartered
by congress in violation of the fundamental law of the land. This large
amount of taxes is collected and applied by the general government in
payment of interest due from railroad companies, because the influence
of congressmen and their friends, in these companies, was sufficiently
powerful to override constitutional barriers, and to procure the passage
of an act enabling the parties holding the stock to pocket the earnings
of their roads and make good the deficit in their interest account by
taxing the people.
The whole history of congressional legislation does not present a case
of such entire disregard of the provisions of the constitution, and such
dishonest and corrupt legislation as is contained in the acts of
congress relating to the Pacific railroads. It is questionable whether
another instance can be found in this or any other country, having a
constitutional government, where legislators, by direct vote, have taken
millions of money from the public treasury and given it to private
corporations of which they were members and directors, and to make good
the amount thus taken from the treasury have provided _by law_ for its
collection from the people in the shape of taxes and duties! When we
remember that congress does not possess the power to charter private
corporations; that in so doing it violates the letter and spirit of the
constitution; upon what principle can it claim the right to tax the
people for the benefit of these private corporations? We repeat, no
country in the world, governed by a written constitution, offers a
parallel case. Not even in France, under the personal government of the
late emperor, would such an unwarranted act have been attempted.
Public-domain text, read in full here on John Shaqi.
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