Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1884-01-02
A GIANT MONOPOLY,
Mhi.h Earnsi One MiIIijn Dollar:
a Month
ON AN INVESTMENT OF SIl,50o
Secret History Of the Fight Made Against
the Texas Pacific Ma5nates Who
Wanted Share Of the South
ern Pacifc's Feast.

NEw YORK, January THE Cotton
Huntington correspondence, which has
been printed in full in the San Francisco
Chronicle, is an almost complete history o!
the infamous lobbying which dtsgracei the
rational capitol while the Texas and Pacific
bill to guarantee the interest Of the bonds
tLut road Was before Congress, and fully
exposes the arrogance corruption and du.
pl,cty Of the Central Pacific Company and
the fact that C. 7. Huntington and his col.
Leagues have been systematically engaged
in debauching Congressman, buying up
Legislatures, presenting fraudulent re-
porrs, declaring dividends with borrowed
money, buying up newspapers, misrepTe'
senling the status Of tie Southern Pacific
Company, goobllnG up steamship and
5rilroad lines, and strengthening at
every point by the Dasest meth
ods the monopoly they created on
an investment OF 81 $40 Twenty years
ago the men who figure most prominently
in this history were residents OF SAcra-
mento, Cal, engaged in business--C. T.
Huntington and Marx Hopkins as hard
ware merchants, Leland Stanford az a
dealer in oil, Charles Crocker as Il dry.
goods dealer. and Judge Crocker as a law
yer-and their combined capital would
not have purchased the shortest line Of
railroad in the country, yet assOciaIing
themselves with dozen Others as poor as
themselves, they formed corporation for
tie purpose OF building The Contra! FAC. Ic
Eailroad, and in few years were powerful
enough to defeat the great project Of one
Of the most progressive II eastern railroad
msgnates-COl. TLom.s \. Scotland 5.d
defiance to all rivals.
The project to build 2 Southern route
irum the East to the I'acllIc coast antctI.r'
tie war, and was fsyorably reported on n
early rs the period when Jefferson 'iyi>
Was Secretary Of War. Tht breaking GA
of the rebellion, however, caused the avail
aliiity of Il Southern rOute 10 be lost sIShi
pI. aEd aiu was extended To the | IlJn and
C,u'ral Pacific companies 70 build the road
winch has Omaha aud San FrHuCl,CO for it.
tsrmini. Tn Md was in the sIapn 0l i'm.
n.rusp land Grants and bonds, Which the
government turned over 10 the COmp1nieS
TO rea ze upon, md which the government
has since paid the interest upon. The heiir
thus derived made the original pro- 'ctorS
OF the Central Pacific Railway Immensely
wealthy, and TO this wealth they con IN
ualIy added by charging eXtorIIona'e fare
and freight rates, and were thus able when
tie project OF Southern overland road
Was revived after the war 10 ALht i
step By step. The project OF Southern road
WIS favored by many men laying claims iC
stntesmanship, OH the ground that 1t Toult
assist the South 10 reCupara.e, adj 1t wa
advocated by some rs a Tta' are OF J.IS;iIe
Il Northern overland route having in ih'
meantime been authorized by Congress N,
e, dowed with heavy laud grant. f-r
mont was one Of the WCst enthusiastic
supporters OF the project, and the nG'
company, known rs the Memphis l.
paso Company, was encouraged by On
grpss, received heavy grants OF land from
Csxas, and was getting on fair basis, "hHT
were brought TO an ABRUPT tisg "H; - S' yio, =
II attempted fraud being loigci asalus
h,n, and the project dropped out Of sigh
fer Il time.