Professor Parsons says “the total _national_ land-grants alone have
aggregated 215,000,000 acres”—(15,000,000 acres higher than the estimate
by Professors Cleveland and Powell).
“It could be said of more than one railroad company as was said by
an English capitalist who inspected ... the properties of the
Illinois Central, ‘This is not a railway company; it is a land
company.’”[158]
It is interesting (and instructive) to note that the charter of the
_Northern_ Pacific Railway with its 47,000,000 acre land gift, with
astoundingly liberal amendments to the U. P. charter, was granted July
2, 1864, _precisely at a time_ when the nation’s attention was again
riveted to two specially terrible campaigns which absorbed the nation
wholly in the war: Grant and Lee, with immense armies, were fighting
bitterly, and Sherman with 98,000 men and Johnston with 45,000 men had
been fighting fiercely and almost continuously from June 10 to July 2,
1864. As stated above, the Northern Pacific got 47,000,000 acres of
land.[159]
The three railways, says Professor Parsons in substance,[160] the Union
Pacific, the Central Pacific and the Northern Pacific, _cost_ somewhat
less than $132,000,000, and were _capitalized_ at more than
$383,000,000—that is to say, about $250,000,000 (_two-thirds_ of the
capitalization) was fictitious,—a fraud, a lie, _commercial patriotism_.
While at wining and dining tables in closely guarded private parlors in
the best hotels in Washington this unmatchable plundering was cunningly
arranged (“to develop the country, of course”) working class men and
boys, half starved and weary, were obediently slaughtering themselves at
the word of command—for 43 cents a day, in depreciated paper money
forced upon them by pirate patriots.
While the nation is blinded with tears and the common men’s blood gushes
from their torn veins, the “business” man, with pious patriotism talking
grandly of the “glorious flag,” cunningly sneaks to the nation’s
store-house, a blushless burglar; he climbs aboard the ship of state, a
conscienceless pirate.[161]
FIFTH ILLUSTRATION: “FREEING CUBA”—“REMEMBERING THE MAINE.”
So you were—or wished to be—in the Spanish-American War?
Well, I wish to explain why the capitalists excited some young
men—carefully excited them—and then sent them to Cuba in 1898.
There were very strong reasons for their doing so.
(1) American capitalists already had investments in Cuban industries,
and they knew that if the United States took charge of Cuba, their
investments would be more secure, would thus increase in value—and thus
yield more profits.
(2) American capitalists wanted Spanish capitalists crowded out in order
to give still more opportunity to American capitalists to extend their
American capitalism in Cuba—and thus make more profits.
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