The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1875-11-11
A Huge Monopoly.

a ATLANTA Herald, Nov,3d.l
When the people, through their rep
resenlaliNes, consented 90 tax them
selves for the construction OF trans
continental railway, they did not
dream that they were creating one of
the most overshndowing and powerful
mVnopoliCs that has ever existed. But
such has been the result Of thoir heed
less munilicence that, to-day, JAY
Gould and his INSCRIPTIONS associates
have complete control Of the Union
aud Central Pacific railways. Not only
this, but in order to prevent any chance
OF competition, they have purchased n
controlling influence in the Pacific
Mail STEAMSHIP Company, and regu-
late the rates of freight and passenger
fares so that there can be no COMPETE
ton with their overland monopoly,
10y means of which they are robbing
the people, who built these roads and
| present them to the so-callod stock
holders, out Of millions of dollars am
| nually. The enormous earnings of
these roads is sufficient evidence OF
| thin, Last year their receipts were
about S'2N,000000, and fort the present
year il will not fall much short of $50
0OO,O0O. The nominal capital stock of
these companies does not exceed 500
coo 600. SO large are their dishonest
earnings that they amount to thirty
per cent. per annum of the so-oalled
stocki E#N A
II may not be within. the eoust itu-
tional powers of Congress, ut this late
date, to annul and repeal privileges
and laws granted and passed by pre-
vious Congress, but indirectly it can
relieve the commerce and agriculture
of tue country from the Unsuitable eX.
actions of the present monOpolists by
creating another line. of railway across
the continent over a shorter aud better
route. Competition thus created would
do, by the operation of the natural law
of business what it may not be, and ia
fact is not within the power of Con-
gress to effect 10y restrictive legisla,
ton.
q Autograph item IN the daily papers
of u few days past is significant.
Alarmed at the growth Of public senti-
ment In favor of u Southern Pacific
road, Ny shown by u late call of u con.
vention of It's friends at st. Louis on
the 23d instant, we are Informed of the
arrival in that city of the notorious
stock gambler of Wall street, Mr.. Jay
Gould, of Erie railroad and Jim Fisk
fame, for the purpose of establishing u
direct connection between New York
and San Francisco, via st. Louis aud.
the Kansas Pacific railway. Now, pcfse
there Is nothing extraordinary III this,
for it il exactly what ST. Louis
has matte the most strenuous Eef.
forts TO obtain for the last seven
years hut In vain. She hasresorted %
the courtsof the country, she HIS app
pealed 10 Congress- to obtain simple
Justice aud All equity with Chicago in
the trade and traiilc OF the Union
Pacific railway, but without avail.
Now, however, That these Railroad
lespots find that public opinion is be-
ing aroused by'iheir monstrous exac-
tlons, Mr.. Jay Gould appears. upon. the
scene and proposes 70 grant tie boon
llong Withheld, But Who 50 sim Die
rs not to know that lhlsIs q case OF
The devil slcl.a monk would be-. gi.., \
Vhe devil well, devil ota monk was ho.p 81
This snall concession, wrung from.
the fears OF these stock gam Tiers,
would of course be wIthdrawu az soon
Us the danger shall have blown over