The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-05-02
.FAIR PLAY"

h'ncht to some reflection by the sud-
.aS radical action of the legislature in
s.'ns passenger fares on our railroads
ant at a single stroke. 1t re-
- willingness and alacerity to .exer-
an' nouer ofthe state which may well
sslpe Pvshension IN the minds oil those
cH% spp, their capital in railroad proper
yc .a,to,ether probable that i'll some
"fthe state the restriction will in
Np',. be aggregate receipts on passenger
b. mi Il is quite as PROBABLE that 1t
rsH ~, do so in others. The apprehension
Ri may and almost certainly WIN DC ex-
iAS'b ~ his action though. reaches far be-
81 Ne question of present increase or
lna an mi in receipts on passenger traffic.
ps ,'n,h is. the action has rather the APP
~ u~ If declaration Of power than an
E ~ ~ accomplish immediate results and
tu,bsr a menace than an aggression. 1t
nsswhot has been done, but an exhibit
ny, .fthe mower and disposition to do, so,
y. sxskens apprehension rs TO the future.
w ,bep ropriety orimpropriety of the ac-
" ,lreadv had or its policy or impolicy n
a.'s,on is almost waste of time, the
s ~, 'ronld not pay for the candle, for if it
ply w stop here the result would be in
,,"6cant, but when we consider that the
W, NAV be exercised at will by the legis-
,a,a il becomes important to know
ss,s or whether it is to end. Who is to
,la ',y when and how far this control
y he extended? 1t cannot be question
y ,bst II extends even to virtual confisca-
Y, ' and if it is to be thus suddenly and
s.Ssns spitetully or whimisically used,
m ST prudnce will suggest to those who
s,rsh the capital to build and operate
ns,oads that investment in almost any
~, business or property is preferable. 1t
wy no safely asserted that five are to take
| n: action as precedent that there is no
|s.,enrecarious and uncertain Investment
|s,u IN railroads in Texas. Why the peo-
ssT Texas should be inimical to railroads
,nud be difficult to explain, nor do | be-
Iva that they are. lregard the action of
as personal an original with
~ members of that body; and while ma
|S,ty Of the people may adopt and approve
|ss paricular act in question, it cannot be
Eilto have been done in compliance with
N, public demands. In truth, the people
N lsrpe were as much surprised by this
|wp detat as'the, railroad, owners them
loves 1t was sudden, unexpected and
|s,rling. But shall not discuss this mat
|tr hlther as it has served the purpose | had
|dmtroducing some reflections for the con-
|slention ofthe people which / have not
|ssn suggested before, | know full we'll
INN neither | nor any other citizen can
|fen the current of popular tide, however
Unreasonable and erroneous it might be,
|nd especially when from soto 100 trained
,lyucates of il, judiciously distributed over
|he state, are propagating it amongst the
dear people with all the tervency and zeal
ppndered BY a yearning desire to be CON
tnued in charge of the ilesh-pots. 1t is the
hrOrn hope of too many coon-dog states
linen for grub and glory.
know of no problem in the future Of
ibis country which has excited
more thought and apprehension than the
aggregation of the money of the country
ID The hands ola few men. Half, or per.
Aps more than half of the money in this
@untry belongs to or is controlled by a
lumber OF men which can be counted upon
HE fingers of two hands. Capital has be.
@me aggregated in the hands of q dozen
men so that they IN fact control the money
market Ofthe United, States. This'i. not only
wonderful but is terrible to contemplate
and the wisest aud best men in the land are
booming uneasy and fearful. While il
does not manifest itself openly, there i.
nevertheless, widespread apprehension
nto what is to come of all this. In my
mind there is solution, and strange as i
nay sound, assert that the money power
I dlsarming itself; that it is developing ;
@ndition OF things which is diminishing It's
power and which must, in the very ma.
lure Of things, destroy its capacity fol
Lam.
Have you ever thought what broueh,
about the invention of money and of tn,
Nngalar fact that the metals which ar,
PECULIARLY adapted for money are OF yer,
lllle value otherwise? The necessity fol
money was born Of a want of trust or con
laehea among men and the inability to cx
caange commodities in kind. Because of Tn,
aoa'e Of facilities for the rapid transporta
uon oiproduets which grow at great di,
ances apart or, in other words, becaus,
men could not exchange commodities ir
ind they sold their products, which wer,
aien to point of exchange by the buyer
" md such products of other countries a,
ney desired were bought and brought
Sack and sold to them in exchange, and in
Ne meantime the producer held th,
money, as we call IL, until the exchang,
!, "a, made and the foreign product brough
~ S@ H., when he gave up this money or toker
e mad originally gotten for his own pro
aaci and received the foreie,
Eoducc in exchange. Thus cam,
money. Without celebrating this propo
lllon which is so plain as not TO reo,iire II
NOV deduce the following: Whatever en-
eles producers of different commodities /,
Exchange in kind does away with the No
.essiivv for money, and to that extent di
FINISHES It's power. The practical applicn
loa ofall this is: as you increase the iaeili
" " LOT travel and transportation, yoI
ssnng producers with their commodi,ie
iIsarc' together, as You diminish distanc
v Increasing speed ms Won nrogress ~