The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1882-07-20

roads between New York and Albany
were consolidated and the consolidated
stock largely watered.
The second was known a. the Ogden
and Tillen "grab' in the consolidation
Of the Galena aud Northwestern roads,
| The third was when the overland rail
roads were subsidized by tho Govern
ment for the benefit Of a few individuals,
who have been made enormously rich.
Later on we have Mr.. jay Gonll's
first great financial stroke. when he
manufactured Erie common stock ont Of
manufactured convertible bonds, fed tho
street with it. and then emigrated to
Jersey City with $l4,000,000.
But the browning act in these sleight-
of.hani performances occurred upon one
Saturday evening, mt 1l:15 j. M, in
| 1860, when Commodore Vanderbilt is
.ncd the New York Central 81 per cent.
dividend (SiO 900, 600 Of water, the most
oil it to himself, in Horace C.ark's dim
ing room.
Up to that time combination labor
strikes, or any trouble between capital
and labor, were never heard OF in this
country.
We MI know tho resnlt-legislatiye
acts and decisions of the courts bought
and scld by the ream, over trading, eA-
cess of importation, not only OF goods,
but of em,grants, haste on the part Of
MI to get rich, and finally the terrible
crash Of 1873, from which the country
did not recover until famine in Europe
and immense crops OH this side brought
back prosperity. In the meantime rents
went down Is per cent, real estate 10 ;.
came drug, the cost Of living was re-
duced, business was almost Mt d stand
still, and the gamblers, both in md out
Of Wall street, were compelled to pro.
duce more than they consumed before
the hood.tide set in. And yet, though it
| is only five years since cur large crops
and the foreign demand for them began
to give impetus 10 all branches of trade,
to restore values, and bring us once
more to the front, the lessons Of 1873 are
already forgotten, and we are living and
acting MS though the flood Of success
was legitimate and nnll last forever.
Within the last de four prominent
Kings Of York died. They were:
Vanderbilt, Stenar. As,or and Moses
Taylor. The first question asked, even
before the Grape is placed on the door,
is, :" How much did he leavc?" and the
answer is always the same: He left
il all The lahoring man has beep told
that it was in each case about $50, OOO.-
900 to 800, 900, 900, but not one cent
of all this vast sum was left to benefit
him.
The four living "Kings Of York." no.
10. u L..
bilt, Jay Gould, Russell Sage and Cyrus
W. Field. These men would be better
designated rs the head-centers of COM
munism, for, while Justus Schwah only
wants fair divide" they grab tho
whole "pot." These men are the pro-
motors Of labor strikes and the prime
cause Of all the antagonism between
capital and labor. They have accumu.
lated power to the extent that they can
lease property to corporation which,
represents nothing, and issue millions
Of what are termed securities" on the
strength of it. They buy no all the
small telegraph companies. and merge
them INTO the larger one, adding $40,
0O0, 900 Of new stock to commemorate
the occasion. They consolidate half-a-
dozen railroads, and bind them together
with broad band Of fraud, or cover
them with what is known as a "blanket
mortgage" Finally, when these mill
ions ofadditional stocks and bonds, which
have been issued to themselves and
placed in their own tin boxes, have
caused an advance in rates OF transpor.
tation and decrease in wages, they
elect or buy up Judges, whom they can
now get cheaper than tirst.cla law.
yer. and have their highway robbery
! justified by courts held in their own pr.
| vate offices and parlors.