Standard Oil Company; Trusts, Industrial -- United States
Mankind views with equanimity the expulsion of the profit-hunter from
the businesses of carrying letters, minting coins, administering
justice, maintaining highways, collecting taxes, in which
millionaireism has been universally put an end to. It views with hopes
of larger results the newer manifestations of the same tendency which
in England have abolished millionaireism in telegraphs and parcel
express; in Germany and France, Australia, and India have gone a long
way towards the abolition of the millionaire in railroads; and in
various cities and towns in Europe, America, and Australia have put up
local signs, "No millionaires allowed here," by the municipalization of
trade in water, gas, electricity, street-railways, baths, laundries,
libraries, etc. The trust of millionaires was therefore fighting for a
principle, and what will good men not sacrifice to principle!
CHAPTER XXIII
FREEDOM OF THE CITY
Towns, like men, stamp themselves with marked traits. Toledo had an
individuality which showed itself from the start. Its leading men
clubbed together and borrowed money as early as 1832 to build one of
the first railroads constructed west of the Alleghanies--the Erie and
Kalamazoo, to connect Toledo and Adrian. When, in 1845, the steamboats
on the lakes formed a combination, and discriminated against Toledo,
the city through its council refused to submit, and appropriated
$10,000 to get an independent boat to Buffalo. The city appropriated
its credit and revenues to other important and costly enterprises,
including four railroads, to keep it clear of the cruel mercies of
private ownership of the highways. In 1889 it expended $200,000 to
secure direct railway connections with the Pennsylvania and the
Baltimore and Ohio railways for competition in rates with the Lake
Shore Railroad.
Public-domain text, read in full here on John Shaqi.
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