Standard Oil Company; Trusts, Industrial -- United States
The railroads have become the main rivers of trade and travel, and to
control them has become one of our hardest problems in the field where
politics and industry meet. The Duke of Wellington exhorted Parliament
"not to forget, in legislating upon this subject, the old idea of the
King's Highway." But here, as well as there, the little respect paid
by the Legislature at first to this idea soon vanished. In England, as
well as in America, the State, in giving some citizens the right, for
their private profit, to take the property of others by force, legally,
for railways, began by limiting strictly the power so acquired. Then,
passing under the control of that which it had created, the State
abandoned its attempts to control. Now the State is retracing its
way, and for many years has been struggling painfully to recover its
lost authority. In the first English charters there were the minutest
regulations as to freight and passenger charges, and the right of
citizens generally to put their own cars on the tracks was sacredly
guarded.
The railroads became too strong to submit to this, and the success with
which the teachings of Adam Smith were applied to the abolition of
the old-fashioned restraints on trade bred a furor against any social
control of industry. These limitations were left out of new charters,
and for fair play were revised out of the old charters. After a brief
dream of this _laissez faire_, England began, in 1844, investigating
and legislating, and, after nearly thirty years of experiments and
failures, established the railway commission in 1873. This was a step
forward, but has not proved the solvent it was expected to be. The
expense of getting a decision from the commission and the courts to
which the road can appeal from the commission has frightened people
from making complaints. "A complainant," says Hadley, "is a marked man,
and the commission cannot protect him against the vengeance of the
railroads. A town fares no better ... even the [British] War Department
is afraid. It has grievances, but it dares not make them public for
fear of reprisals."[554]
The course of events in the United States was much the same. The first
railroad powers were carefully limited. The early charters regulated
the charges, limited the profits, gave citizens the right to put their
private carriages on the road, and reserved to the State the right to
take possession of the railroad upon proper payment. But as early as
1846 the railroads had grown strong enough--in the revision of the
Constitution of New York, for example--to secure an almost complete
surrender of these public safe-guards.[555]
Public-domain text, read in full here on John Shaqi.
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