Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1882-12-31
Our Country, and How it Has Been Built

Up.
No nation upon the face of the habitable
globe has during the short space of its ex-
istence, made such rapid strides to wealth,
greatness and national importance as the
United States of America. Its nationality
embraces every variety of good and whole
some law; its educational advantages and
facilities approximate perfection; its varied
internal improvement systems excel any
thing known in the history of nations; its
mountains of inexhaustible hidden mineral
wealth; its illimitable fields of coal and
iron, and boundless forests of finest tim
bers, are beyond the powers of compre-
hension in the calculation of their value
and worth. And for the development and
utilization of the foregoing business inter-
ests, it is necessarily imptant for the organ
ization of corporate bodies for the concen-
tration of capital to prosecute the great
work. It requires millions of wealth to
build a great nation. Extensive railroad
organizations are essential, for
without them the raw material
fa-coIsL =, h~ainess enterprises cannot
Law of 1ime and expense or IRA sportatlon.
Great manufacturing iron interests require
an accumulated capital of hundreds of
thousands of dollars, and the same is true of
all other business interests of importance.
An aggregation of capital is indispensably
| necessary for the successful consumation of
| all business enterprise, hence our ablest
| statesmen thought it wisdom and economy
| for the government to issue bonds and Sc
| curities to solvent companies for the ex-
| pressed and avOwed purpo 3e Of building a
| system of internal improy enents, VIII ch
would enhance the value Of real estate, Gnd
contribute to the general wealth and pros
perity of the nation, for without those great
monied powers and organizations of wealth,
our great country would have remained par
| tally in the backgrounds of Ignorance and
| superstition, and the commentators, eu-
! logies and applause SO lavishly bestowed by
| impartial judges would never have been
| pronounced, and while no nation can ever
! attain to its normal state of greatness and
perfection without the foregoing system of
organized companies, yet it is Veritably
| true that there are numbers of polltlcl MS
and newspaper editors who are making a
vigorous warfare upon railroads and other
corporate bodies, calling them railroad
kings, bIoated bondholders, monied rings
| &C., arraying the feelings of the poorer
| CldS6tS dSdlLSt LILO NCdllIlCA SldcoCo VI thC
country. Newspaper editors and politicians
who thus excite and poison the public mind
against capitalists who are the public bene
factors of the country, criminally retard
the progress of our national greatness, and
prejudice the minds of millions of innocent
people against their best interest. Such
training and teaching has tendency to
! generate solid system of communism,
and engender the worst state OF feelings
against the government, such as the n1hilist
| of Russia entertain against their government.
To thus make a formidable international
foe against capitalists tends to destroy the
kindly fraternal feelings of the people nee
essary to conduce to the best interests and
happiness of the nation. Politicians, in
their blind zeal to gain party advantages,
assail the bondholders as if they were the
common enemy of the country. Railroad
companies are likewise maligned, and all
corporate bodies of wealth fall into the
same category, all of which brings about a
state of dissatisfaction which engenders
STRIKES" and 'secret orders" which antag
onizes capital, and which throws men out
OF employment and frequently into jail.
Talent, enterprise and capital should not
be rewarded with infectives and calumny,
such as are applied to the best business
men OF the nation. w.H.D.
Monroe County.