The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1874-01-02

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and feaa ~ l.,e lssiisaai sgs,n.,
The e"sa,s Il fssa aa Lac. II wss bel /
that ssiirosas we're public hiehsavs
Ike htidees town raasls. H., and ),
such we're subject 70 The same sai,s
Isas with the exception n twn - per-.
hars three " W. fasA. III rar STATE, va
meet MT take into consideration the 'av
n rm,ncn, dcmaia n II con,npn ar.
ti~rs.
w The sr's granting the public l,a,ls
~ tho various roads there was rlanse
inserted. giving tho State tho rirl, IN
regulate the freight ani passenger TAR.
iAs
All rea,ls which have accepted heal
all hy taSos voted hy towns. hv special
cnac'mcn's, have accepted Il on the
same conditions
There IL m question but wha, tho
Legislature of the State has full power
to regulate the relation of tho rsilroa.l
10 the people. II only needed the
disposition u 10 II. aud that thcy fully
comprehend II aud tho suhicc, IN all ia
bearings
The true mission uf Govcrnmcn, II to
fuatcr all industrial interests Govern.
mcnt should ami must hc far some n,hcr
purpose than ~ give places II trust and
profit 10 fcw favored inLiyilua's
The time has como when il mns, 10 u
Governmsn. from the people aud for
tho pcnplc.
II railways and telegraph lines. In.
stead nf = blessing become an oppres.
sive powor, tho government which hns
given thsec powers must agnin receive
them.
Ths methods by which this lanycr,Iu Ius
and growing owl should bc reacbcd
should demand tho careful consideration
of every citizen Partial and superb.
cial action will not give tho relief
sought.
lion John | lslalr had tho assurance
II tell tho r,laua Investigating Cons
mi,trc 'ha, tho railroads IL Iowa anly
phil : pcr cent liz fail,l. INV.
over, ~ state what portion IL tho gross
earnings wns charged % operating *.
prnscs. and what 20 other nee un,.,
lie dil Mt s,atc on wha, amount t
capital sis estimate of per cent.
oi profit wa hatca, Su,h statements
arc MT calculated 10 promote gan,l fcei.
ings. neither to restore canlilet,en Il
has hcea stated by men comreten, Il
judge that tho farmers II the West pay
ten cents per hnshcl on ever, hns'el II.
,r,,in shipped Fast asa dividend to
watercl anl fictitious stock.
kutus Hatch claims that tho drtitinns
stock on tho roads over which western
grain gees 10 market from Chicago IL
Now iurk amount n STn. 900 per nli's
Nr Il y Jnncs, ~ Il rcccn, Nearing
huinro tin Congressional Committee n
transportation. corrnhnrnses those STATE.
mcnts, una estimates TINT ton millions.
arc paid yearly on wa,ercd stock alane.
The stock IL Western roatls has MI
bcen diluted IN Ike proportion. but the
samc systcm of management. u u great.
or or less cStcnt has boon followed. II
Il just that thc industrial interests of
thu country should hc called npan Il
pay interest on fictitious yulues /, en-.
rich fuw mon At tho expense If the
manyY
Without doubt mon have invested
their money hunostlv in this kiml II
property, unnor 4 misrepresentation II
i,s coat and value. nu. II buy i
farm. Or any property, paying moro fer
II than its valuo. l cannot nsk tho State
% mako my loaa good--by tho .ame rule
II | pAy $4,000 (And solno roads are
represented by that amount u Ateek
AMI bonla) for milo of railroad, which
only costs $4,000. | have M moral
or legal right 10 require tho statc 10
make tho loas good. nor 10 ask thc pub.
lic 10 pay intorcet ON 6utiti.us values.
Mon owning Railrosd property should
bo expected and required 10 operate II
With economy ., d god judgment. sueh
~ required In any other business. and
should receive just and fxir return IL,
tho actual murray invested. Beyond
this they cannot expect, The wl,ul.
genius Of oar ins,itstiona b opp sol /.
Spocial i.csisla.ion and yss we ha..
permitted Quo class ~ interest II eon.
troll The counsry By giving |. al~cial and
peculiar privileges III MI coan,rie,
claiming 4 high hogrce of ciy;lllntie !,
clAr~ legislation |. Avoidcd. Contincnt
II Eurore may read 10 soms lessons ii
value IN this respect.
Tho Belgium uovcrnmcnt owns IN.
half hcr Railways. aud tho State Rail
road Il ono n the lsrgcas Sources d
revenue. Tho State oprratoa shoul
sSs milcs and gu.s m annual reyenu.
II about 1900 per mile, Tho las
ohlipeA tho state Railways 10 pav Fl
itsclf out of ito own carnings anil Il /