Report of the Committee Appointed to Investigate the Railroad Riots in July, 1877: Read in the Senate and House of Representatives May 23, 1878Pennsylvania. General Assembly. Committee Appointed to Investigate the Railroad Riots in July, 1877
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Report of the Committee Appointed to Investigate the Railroad Riots in July, 1877: Read in the Senate and House of Representatives May 23, 1878
Pennsylvania. General Assembly. Committee Appointed to Investigate the Railroad Riots in July, 1877
The practice of a little arithmetic ought to convince any one that
violating the law is a very expensive luxury, besides bringing him into
disgrace and subjecting him to a penalty. This argument is not intended
for the professional criminal, as it is not expected that he can be
reached by any argument, but it is hoped that it may reach those who
usually intend to be law-abiding citizens, and whose fortunes are
affected by the good or evil fortune of the community in which they
reside, and that this class may be induced to pause and consider before
they attempt to use unlawful means to redress any grievances, however
great it may seem to them. The destruction of property, although it may
belong to a corporation, results in a direct loss to the labor of the
country. It is conceded that all property and capital is created or
produced by labor, and, therefore, any absolute loss, by the
destruction of either, must, in the end, fall upon the laborer. The
argument sometimes used, that if property is destroyed its replacement
gives employment to the laborer, and that, therefore, it is a benefit
to him, is fallacious, for the reason that the capital necessary to pay
for the reproduction of the property destroyed must be originally
created by labor. The capitalist who loses his property by fire is much
less able to furnish employment than he was before, and if this
destruction overtakes the property of a whole community, capital to
replace what is lost must be drawn from some other locality by
borrowing, and while times may seem prosperous during the time the
re-building is being done, yet there has been an actual loss to the
community, which, sooner or later, must be felt. The draining of
capital from one place, to any great extent, causes its loss to be felt
there, and there is no way in which the destruction of property, in one
place, can be made good there, without the loss being felt somewhere,
and in the end most fully and completely realized at the locality where
it occurred.
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