Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1874-10-08
The transportation Question-Miles
X. Young, Again.

DEAR HERALD Your remarks on
my End open letter, as you are pleas
ed to term it, calls for acknowledge
ment and review.
am glad you appreciate me. |
feel fattered by your assurance shat
| am not extravaganza in my aspira-
tions. | thank you most heartily
for your promised assistance. This
gives me the railway interest solid.
1t gives me she members from Grant
solid and our Senator, having told
me he has $40 objection" to the pro-
posed advertisement of his WooIlen
Mills, all the further effort necessary
| to secure reunion with friend Booth
is to get the Reform party, and the
remainder of the Republican party in
accord with nay purpose. But how
could you abandon such laudable dis
elimination, and abruptly charge me
with Seeming disdain" toward the
milwaukee Senator? | have no
strong proclivity to disdain anything
certainly nothing created in the
image of God--and the only thing
like disdain, with which l could be
charged, in this connection, was for
such servile devotion to another's
opinion as would degrade the indi-
viduality each mind should feel in
its own. You wrong me, in charg-
ing mutual jealousy" between the
"Grant Senator and the Milwaukee
Senator" | have none toward Mr.
Carpenter. If he has toward me, the
HERALD is to blame for it.
So much for acknowledgement,
now for review.
My dear HERALD, the whole scope
of your remarks aims TO confound cor
porate with individual rights, and to
favor aristocratic, rather than demo
cratic rule. To effect the former,
you nisquote me. To effect the
latter, you distort the proper func-
tions OF Courts and juries-giving
them the attributes of sovereignty-
elevating their wisdom and integrity
above that of the peOple-forgetting,
not certainly, that their proper do
main is with the law and the facts.
To sustain your line of argument you
adopt your old habit of comparing
things that are not alike, and intro
duce incorporated CHURCH, publishing
and mining organizations, which,
Ike railways, are subject to the abso-
Lutte control of the authority giving
them existence, and, exist, it is true
only in trust for the public good, but
whose general conformity to the pub
lie good leaves the act of control
a remote contingency instead OF, as
with railways, an existing necessity
In kind, these institutions, are SINH
lar to railways, are artificial persons,
existing under special franchise OF
the State, for to secure a: public good
supposed to be beyond the reach OF
natural persons, but not like railways,
who, as common carriers, can control
the cost of all the articles of general
consumption, arc they to be thought
of in comparison. Whenever these
small corporations bring to bear all
The appliances which railways have
used to rob their stockholders, and
bondho1ders, as well as the public,
then they may be compared with
railways as equally important sub
iects of State control. md here
comes vital point OF necessity tor
The control of railroads by the
State. The policy of the railway
Directories has been to fleece their
creditors as well as the people.
Hence the necessity Of such control
as will not only give the roads just
and liberal compensation, but that
will protect stockholders, and bond
holders, as well as the public. Secure
this, and the cry about capital leav-
ing the State and the West, will be
heard of no more. Secure this, and
there will be greater disposition TO
seek investment in Western lines, OF
paying demand, than ever before.
Europe, to-day, has vast amounts OF
IDLE capital which would flow readily
TO the Western Hemisphere, if the
conditions of absolute safety of in
vestment had a tangible, authorita-
tive guarantee. The small investors
of Europe have, for years, felt shy Of
war loans, or gigantic Feudal risks,
at high rates of interest. Their mot
to is safety, and they 90 not feel
quite sure of finding it at home.
Among the reasons for distrust 10
European investment, and the idle
ness of European capital at this time
is the feeling between France and
Germany. Phe riots 10 Hungary.
The almost bankrupt condition Of
Turkey. The reputation by Spain
The distracted social condition Of
England. The ornaments of Russia
and Germany. The church conflicts
between Bismarck and the Pope
The feaverish and unsettled condition
of France The sharp competition
between England and Russia In ASA.
| The late remark of Deisrael, prime
Minister of England, that ANARCHY
in Europe is grave possibility aud
later still the feeling in Russia about
Bismsrck's proposition to Denmark.
These are sill so many causes of dis
trust among the small capitalists OF
the Old World. The only cause OF
distrust in the New World is the
treatment they have had-sll invest
ors have had--from railway Director
les, construction companies, supply
companies, transportation companies,
and other wheels within wheel, by
which legalized swindling has des-
trovad confidence.