, 1873-09-18

etfohK phnlanx hrrayo1 against 1t. 911v1n Ii mr.
tial Victory ia nodursd. tiioro will too often 10
moro complaining than rejoicing. rho frionla,
OF Tho dia1lonest factions will declare that tho
now o''loinlH aro not oqunl to tho old. Worry like
" tho reformera themselves will mako somo mis-
takes especially II tho cco,rBo Of n long and dr.
rained over them, md tho friends OF tho outs
mill remind you Tint tl,oy always told you how It
would bo, and ask you "Wlnt yon think OF re,
be promoted to an unusual dcgroo by tho subtle
ing with.
Buoh boing tho work to DO done, suoh Tho
onomiea to encounter, such tho ovlla to 10 do
etroyed, 1t Is evident tho contest will bo
a LONG AND AnDuoua ONE.
lot no 1nnn flnttor himRolf with the hopo OF
sudden victory. Tho chnngoH to DO made nre In
themselves groat, and true BtatoRmanshlp ro-
quiroa that In aomo respects they should be
gradual: but tho interests involved arc so vital,
aud the benefits to DO gained 40 great, aH to givo
the highest encouragement TO all those who aro
honostly seoklng to bring about these groat and
| much-neadol reforms,
It muat nlao DO borne in mind that tho pro-
poHed reforms appeal directly to tho w6olo
onl! tho tnonopolisss and thofr slouth- hounds,
tho corrupt politicians; and that, therefore, tho
people, enlightened by honorable and truthful
dIscuason will SEQ to II that tho work is thor
oughly dono.
Are you, my icllow-citizons, willing to enlist
for tho war? Will you exhibit to thoHe corrupt
mon who havo brought ua to this strait, aud to
tho world, tho powor Of tho
Jusr INDIGNATION OF THE rEorLE?
The numbor and variety Of topica pressing
upon onr attention, and tho intricaoy Of tho
| questions involved in the proper consideration
| 81 1nost Of them. mako 1t impossible to diHousB
them satisfactorily within tho limits OF such m
1pasmueh as ~ tho attention Of yourselves and
tho people Of this portion Of the State was trat
directed to q consideration Of tho rclationss OF
| tho railroads to tho public, aud tho method by
| which tho State could properly regulate tho
charges on railroads, 10 aH to prevent unjust
discrimination aud o3tortion- for transporting
parsons and property, shall contino what havo
Tho valuo to tic people Of this State, and tho
constructed nuI oporatcd "a promoting
tho general > welfare, no ono now socks
true that tho renl interests OF tho peoplo
| and OF railroads arc in nuywiae in conflict. No
! iuat-mindcd mai deslrea that capital actually
| and properly expended in the construction Of
| thereof just and roasonablo intoroat upon such
Investment, ovor and above tho proper expenses
! in maintaining and operating .thom. But tho
people have boon, and now arc,
| SUBJECTED TO DOUBLE DURDEN
| by nearly nil tho railroadB
I Ono Of these grows out, OF tho fact that tho
| nominal cost Of tho roads is worry largely in ex-
cess Of ihoir actual cost; md tlib is true
~ sAss VIZ. ,.,,, 1"'auu upoa
- .tnaL 80 ti'a ae, saan nt
| gage-bonds sold at considerable discount. In
nf d;v;donds .nd ~ = csn;to,;eo aarn;nn. y no K
| IA stvlnd I,v 1a;iroai ,nanaccrs' Thia n hr;of
1oo"s t',ot thneo ra;,-oaa ~, -
.mean rpast ~ Mnin M ravo
| mont OF maintenance and operating oxponyoB
intorest on their bonded debts aud to pay liyi-
i;naa WI W n,a H ~ ~
tMn;r' rnat1. .h;o 1.ttar ,tar,a oi;,sa 1nm
| nn,,.t r1"t;o,,, 'N''0A 'so'A0 "''Ae 16 w.
.,,,sT :, ~. cr r,norr nu,v..ov.n,v
| ~ 49,, Observation-Disclosures -, r,,.a1, A'@
10 nise acsHinlalg..vu 1 .,.sa ~ su Taen. 'a ~ ,,
derIy;ur snci. nriyijorcs a. eouId Ia con,stiIu-
n "a ~ r,;.ro,d ca,roratn's -,
tha 1s en;'n;rv ~ tho charrca of cominnn % c.rr;or
nst 1us m mv s " ,rthot ,'ri,at a.
cr;,n;natinn frun thereforn ovorv do1lar a1ncn1ed
Hy tno r";1rnad comnor,;aa ~ tho IIni.od Stntoa
ont ' nf thor aar,,inrs mon tho work Of constr,1e
pu, ton " atter nnvinp aIonanee u Ind oparatnr
n1nnnsos arn5 sonahSo ;ntaroat IN tho 1cJ,,6i
copifnI ;nyosto1. has been takon secrotiv md
fra,,tsontlv from the neonln.
ihnaa ayccretona . @ * ynIme IN thu roa, in THAR
canaoy VI .nr ~ AZ IL ~
vnsru hnyo hoon adrotlv tbrnvn into the nonfeta
~ thc stookLnl1are hv NJ, sas,o of etnrE tn ren-
rosont tho ynuo thus secretiy aecumnlatod from
orcaas,va oarnines. tho rosnlt If
! nsnrAsonAnir Ann rrorss1vr nArre
Tho New York Coutral Railroad las moro than
a1oi] md ny. ,rile Of this socrotya1torted money
nav nmbraeed in ita re,,reyeutod capital.
Various methods Of erocting fictitious cnpital
into tho attitude Of actual money expended aro
employed, but always With tic same result 20
far rs the poonlo aro couocrnod and also mort
gage bonds hayo boon, md are being, fraudu-
fently digpoeed Of. F''
| u this ay, the sum upon which earninga ara
now to DO made, and Interest and dividends
paid. is vory largely exaggerated above tho trua
cost Of tho roads. It ia impossible to atato with
accuracy. from any statistics bcforo tie public.
what tic amount Of suoh o1cess iu; but It is be-
| Loved By those most competent to judge, that,
on tic railroads in this Slate, tito amount is not
''-' EIGHTY MILLIONS or poL1AnB.
Can wo roalize tho magnitude OF this enor-
| nous sum /? Let us put 1t in form 80 as to
enable ourselves to do 40 III some degreo.. For
easy computation, We will say tharo arc 100
counties i'll Illinois. II Zach county embtaeea All
average OF l5 townships, 6 miles square, 1t would