The Railroad Question: A historical and practical treatise on railroads, and remedies for their abusesLarrabee, William
History
The Railroad Question: A historical and practical treatise on railroads, and remedies for their abuses
Larrabee, William
Railroads; Railroads -- United States; Railroads and state -- United States
The original charter of the Camden and Amboy Railroad Company was
granted for a period of twenty years, and should have expired in 1853,
but its managers succeeded in having it extended to January 1, 1859. In
1854 another extension was asked for, and after a long and bitter debate
the company was again triumphant. An act was passed on the 16th of
March, 1854, making it illegal to build previous to the first day of
January, 1869, without the consent of the Camden and Amboy
Transportation Company, a railroad in the State of New Jersey for the
transportation of passengers and freight between New York and
Philadelphia. At the end of this period even a third extension was
granted, and the company, though after January 1, 1867, under a new
name, maintained its monopoly until it consolidated, in 1871, with the
Pennsylvania Railroad Company.
That the spirit of the past is still at work was shown by the recent act
of the legislature of New Jersey legalizing the consolidation of the
coal roads. The coal barons found the legislature as servile as the
managers of the Camden and Amboy Railroad Company had found them of
yore, and their well-planned scheme would probably have been successful
had it not been for Governor Abbot's courageous veto of the disgraceful
act, and it is more than probable that they will yet succeed. They have,
in fact, during the last year advanced the price of coal about one
dollar per ton.
THE STANDARD OIL MONOPOLY.
The Standard Oil monopoly may be said to be the crowning monument of
corporation conspiracy. It is, indeed, doubtful whether the combined
brotherhoods of mediæval knights ever were guilty of such acts of
plunder and oppression as the Standard Oil Company and its railroad
allies stand convicted of before the American people. The facts that
have been unearthed by official investigations show a frightful
prevalence of corporate lawlessness and official corruption, and there
can be no doubt that, could certain high railroad dignitaries have been
compelled to testify, and could the truth have been fathomed, it would
have been found that not only the public, but railroad stockholders as
well, were victimized by those transactions.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account