The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1883-09-27

4 land monopoly, currency monopoly,
u tfabsy JratiOn monopoly, tafin no.
10 nopw !, combination In trade fntnopoly A.,
IA tAxg ion, intomperince and Ignorance,
~ wficb haye bearing upon the problem.
~ In regard 10 tbs carrying trade Of the
world highways on land could he moDopo.
ltzsd, while Oh the sea the exa0tiOn Of The
y rrler could be held In check py compe-
~, n. a majority Of our Lawmakers
II, interested directly or indi.
woi, ~ corporate enterprises and
rectIy wei. enacted In that interest. Wit.
statutes poke - the use OF money In in.
ness also ,gislatIoJ - favor of corpora.
lluenclng I that 50 powerful was the IN
LIONS an sa' Sseeafd that offenders could
huenoe they po, Tho state, lit had con.
not be punished, 'Gds, would not hsve
siruoied the fhlli' 'iecriminaied against
persons and places, Hurts and Gre.
lions, debauched 'th for n few
ated the enormous weai Ne practice of (
at the expense OF many. II Illustrated in
the case OF the New York Contra watered
In 1867. co th. stock OF the road was 90 for
20 the extent OF "a 100000. Ra, ,ich I
transportation had been lmposed de
had yielded regularly special divideh
upon the watered stock, amounting
each wear to So 100000, and these dividends
in iourteen wears. with interest, amounted u
to about $50 600 COO. Pooling, he thought,
was not an unmixed evil, for it assured
some degree of stability and uniformity,
but pooling, when there was no power
above the pool to decide what Uasa reason IN
able charge, was apt to be arbitrary and ex' ~
acting. , II,
As tor himself, he did not think the Il,
measure feasible one in all respects pl
Professor John NJ. Gregory, for thirteen ~
wears professor of political economy, in the n,
Illinois state industrial university, said that S'
the antagonism between capital and labor 10
was not purely an economic proolem. out a. a.
was Lar gely social one. The trou- IN
BILE arose from oa tne social cnn.oon e,s in
upon large accumulation OF wealth. The n o
real ground of discomfort was a dis. iol
parity in the relative condition OF or or
labor and capital at the w ",
present day, although the condition ar
of both had improved proportiouately, Al
education was a large factor az remedy nns
for this 81 ate OF affairs, and technical educa on
ton was especially important: t a.
Thurber, continuing, said that one OF the ,e
greatest difficulties with Win, w was the RE f
new representatives in congress and s''
the state legislatures. In the last congress
Thurber asserted that there were 264 law
yers, majority of whom were directly or =
Indirectly influenced by others IN leg sIa- 90 90
Senator Call thought the witness la
was wrong in his statement. and m
greatly misrepresented the standard On
of morality among pubic men y. ~
He did not believe there were ten men In W w
congress, who were retained by any cor 10
porations, any how he did not know one. va va
Senator Pugh acknowledges there was VI
large mum her of legislators who were inter- W,
ested directly or otherwise in corporations. WI
He was not of the opinion, however, al, va va
though this was the case that the personal IL
action d any legislator was influenced 10 do
legislation. u n
SENIOR Blair said he did not own share I'll
of stock IN railroad corporation, nor pl
had he received q single free pass from -
railroad since he had been in public Tile. ~
Mr.. Thurber explained that he aid not III
mean that these legislators, whom
he had mentioned, directly ~
prom pied legislation in the interest OF cor Il'
porations, but that whenever e
there was conflict of inter u'
est between corporations and the people ~
they would have a tendency to take the ~
side of the former. y
Senator Gail asked the witness 10 mention ~
some specific result of this tendency, ana "
Mr. Thurber cited the opposition TO the u.
railroad transportation bill OF Congressman -
Reagan, aud the difficulty which had been y
m ct in giving it hearing, and having IL ~
properly discussed. ~
Senator Call replied that there might be VI v,
other reasons than the Que mentioned for U,
opposing the bill. "