The University daily. [volume] (Morgantown, W. Va.) 18??-????, 1882-06-09

Iztrolled the whole grain trade 81
the city Of New York. The rich
becoming richer and the poor
becoming poorer because tine rich
became richer, The Standard Oh
Company made a sworn contract
with certain railroad companies, BY
which the latter agreed in writing
to shield the Oil Company ''aga,nsl
lass OF injury mf0Hpefaon 7 the
latter giving them within eighteen
months more than $40, 600; ooo.
So that they now ship os per cent.
| of all the oil Of the ID S., almos,
IS, ooo, 900 Of barrels annually and
at the same time broke up nearly
eighty oil refining establishments
In 1880 6, 900 CONTRACTS were made
alone III New York BY one railroad,
the Central & Hudson River. Yet
Messrs. Vanderbilt Jewett and
Fink distinctly recognize the car
load as a unit Of shipment, and As
distinctly state that ashipper Of ten
car loads should pay no less In
proportion than he who ships ono
car load. But why 60 SO far from,
home. In Kanawha County lumber
dealersEliving nthe Chesapeake s;
Ohio Railroad, can run their lumbeI
down1to Logansport and ship East
by rail, cheaper than they can a,
their own doors. Intact, its smile
promises 'favor if not fortune, H
and its frown threatens disaster,
if not bankruptcy. Unconditional
submission to it's demands, with
secrecyas to its proceedings. can
alone smooth its corrugated brow
and secure the privilege Of special
rates. Wealth and aristocracy
have free access t b its sanctum.
while poverty and obscurity stand
in the outer court neglected and
despised. Proxies are not
unfrequently resorted to by railroad
officers, in order to ''perpetuate
themselves in power = one firm
alone. thatof Kuhn, Loeb & Co.,
ijnthe Erie election in 1877, voted
more than SO, COO shares; Of stock
of which they owned not 4 penny'k
~ III. Il q IL ~ ~ nj ri II, ~ = 80
IN f86 liad Is st01,s Aiafefcd hy
~ aDdSfhilt liSe nrninilH
sum Of & 900, GOO which me oh
ofs the poclsEts 81 lIc e, ana
which cost him but tIie 81 per at,t,
ink with which ii was printed. 4
The amount of watered stock iii
the Erie railroad. estimated ia
1873, was from $4,000, 900 II
$50, 900, 900. And IN 1879 the Ele-
waited railroad in New York City
added Sis. 600, 600 Of pure watered
stock to its capital We are all
aware that it is no uncommon &C.
currence for a railroad company tb
break up within a year after the
road is first built, by mismanagc.
mentP), and in many ways stock
holders suffer and the great majoi-
ity of the shares soon fall into the
hands of these 'barons Of the rail-"
That railroads have been managed
and constructed as m onopolies has
always been and is now generally
received: Their combinations arc
daily becoming more consolidated;
even Vanderbilt himself was COM
PEELED to Withdraw his night train
on the Belt line in N. Y, although
the privilege was accorded him by
municipal authority. This power
by their employment Of the beSt
professional talentsIin the land, and
by their monied power and
schemes, controls elections. manip.
ulates public opinion, secures jIi-
ries, directs telegraph lines, fiss
the State and Federal halls With
lobbyists, and forms cliques, pools
and syndicates.,
Jay Gould, when brought before
the AZ. ~. committee and askedsif
in the management Of the Eide
railroad that they interfered with
:. .g.As~.1 ..s.I s. sGIf II SF..a..I x -
ming for the Legislature or judi
ciary, We help him both with rail.
road votes and money" DO
you consider thar this cancels all
obligatilons7' 'tWelI, not always.
Ny experience is that il IS cheaper
to buy > man after be IS elected
than before. " t.IVhat IS your
politics, Mr. Gould?" IN a Re.
publican district ! am Republican;
in a Democratic district,7a Demo
crat, III Al doubtful district. doubt
full, BY; ! am always an E T
man"
In short, by their charters,
though considered "soulless. : they
have secured the ''boon Of imnlor-
AT the present rate lit
will be but few years until the
great trunk lines will be under the
imperial sway Of a Cesar, Napp
leon, or Vanderbilt and then
these vast lines. ike the iron I'm
pers Of the mighty giant who rules
them, will Be able TO press the life
s.fI LA 70 49, f S-s..,.St.., l..,,a kft