New-York tribune., 1886-04-27
MR. VAN WICK SATIR1CAL.
INTERSTATE COMMERCE AND JAY GOULD.
,xrrprsr SHOWN IN SENATOR sTANFoRD's SPEECH
oN THE RIII-
icy TELEGRAPH TO THE rRI1UNE.l


bill provided. but the corporations were becoming ear
neat COATES OF For yeais he declared capita han
been organized, unscrupuous and rapaclous MOVING d"
Gould had moved according to his sworn 'eS'i"o"''
and as huntington according TO his own wr'''e" o''
had moved on state Legislatures, the courts auu Oon
oress unbushingy purchasing judges and legislators
Rut the crisis was coming There WAS an rrepressioie
conflict between right and wrong Couiu tne N"'ion ~
be made TO believe, he asked, that the @7oVooooooo
- xra,ered stock and bonds were honest
nroner,v deserving protection from courts or
IegIslatures that the @ooo'oooooo
claimed by Vanderbilt and the $2000o0OOo claimed by
Gould we're honestly obained The owners OF these nc
,ons should accord decent treatment to the remainder
OF mankind whom they expected TO force dividends
md interest The Committee failed at the pre-
c,sa mint where the IN ,nster evil should be gaped by
the law II the industries were only required to pay
fair dividends the real cost OF railroads the Nation
would be prosperous.
The Senate. he said could take an example from Jay
Gould The Senate Committee on Education and Laoer
had ndustrous;y obtained from HIM complete history
OF his lfe probably for the youth OF America 10 m-
tate. The committee bad tremblingy ana Deseechihe!
implored hm give minute account OF his daring e1
poits and unb!ushingly consented Early IN io "en
hard pressed for dinner he adopted his sisters method
and went behind the blacksmith shop TO pray Inc
blessing came In great In few years the TAN
nng business In which he WAS engaged was Ill hhhc
stress SO overwhelming that his partner was drVeh 10
suicide while he himself bought a railroad. The wrong
NV'"'"'N'NN
doubtless dazcd much by Goulds recital as by reading
Tho exnlnts of Jack the Giant Killer or Kidd the
Pirate. Modes,y induced Mr. Gonli to refrain from
telling OF the history Of his time AL Kansas
CITY he was overaken with another religious spa'm ana
wrested a time In prayer telling the people now
happv he was and that he wanted no more money lie
lad purchased the Pacific ouy for the cool OF
mankind and should use IL only Tor the glory oi o' anu
tne of the people. As he was contemplating an
her raid H. felt the necessity OF another nstancnt OF
np nrOf ulspD
pretending that he would not benefit himself oy tle
le.slng IL was to hoped that he would uO indulge
IN third prayer earth. Should he. In the end secure
an entrance into the New Jerus .em he would soon oe
copsprng there. from force OF habit TO buy rhroau
ana wnea he should torn up the shining avenues
the angels could restrain him IRON steannS 'no so
pavemelts. Iaughtcr
Following Mr. Van Wyck. Senator stanford, OF Can
foraa lade his maiden speech In the Senate lie re'i
from notes, In a rcey audible voice. TO q Small Out
select audience who had gathered about am
irrespective OF party hear what the railroad nagnae
of the aclic coast mi -ht ON tAe subject Inc O'
nuruor,ed he SAID be act TO regulate commerce
be- ee the States He had road 1t with gooR deal o
care ou' did fad anything IN 1t that regulated com
Ieroc. Everything in It was as to the cdtr.er Only
commerce" " had a well defined meaning. Ii meant
trade tarter Interchange of commodues- with
which the carrier, the transaction OF has legitimate
business had 10 concern whatever nc t-er'I"r'
thought the title the bill Odght to De chin;ci to eX
tfs n
10 regulate commerce" it should be called A b;h to
r.,iar carriers" Il it were bill 10 REGULATE s"ppers
and owner. whose material the carrier moved. the ue
would hs 9pprJprIate He might be toll perhaps
tAa there were l1ct decisions 10 the cneot that 'he
regulation of the carrier the regulation OF cou-
Iaerce: but when legislation was proposed /; was en-
trcIy legitimate discus, tne question rs to tue Oil5
fal matter and to determine 1t upon the principles
which seem 10 involved. There was great "!herehce
stworn the possession Of power and Its exercise Vi
oour G. the plainly gave Congress the rlgh
toresaate commerce between the States Bat. as tho
carrier nad nothing to DO with the control Of the
s,ior,ent N goods, wares ard merchandise, or Their
intimate disposal or destinauod Inc regu au"S
OF him or determining the price he should receive tor ais
se..ce could relation 10 determining the COM
uorce between states A National question, WHY ne
asked. oud price hAed for carrylns irei int across I'm
ou-vLl sca line between the States be dHeitht from
vha wa charged the same service on either Sua ol
tnat !nc Would II not be naAi'K T'ate & iine "a @ M &
lees aces To- rec intercourse No"d IL nos pe cou-
vcrllns every state hpc INTO something nearly AKIN 10
!iO''rI " .r,,,,n nj interfering and controlling
i TN oa been &C. sd Mr. stanford continued. that the
1rbt H." regulate Tie rilrotd pecu4iar IN
1hnt the corporat.on operating the railroad Was the
creature OF The State II there was au! thih- I'D ms
i-uuent, 1t could hot Apply III oVnsosS a.. as
lad had nothing whatever 10 90 with creating he cor
no,tlon it, existence entirely 10y virtue OF state
laws, had unde these laws the rsht Ohy 10
within hc iuI,IctOn Oh the state. Of course ne eA-
copied some Pacific roads, II WA pertinent 10 INQUIRE
mo ine " sdon oil hs egIsiation. assumn- mat
ire authority for II rAsted The rSht "i ass9e,a.io
@ Sts. I1rIsia,urrs to aid thar natural rigt; ANA
-, e cont1niri was what the egsiaton of the vari
ous STATES IL providing tor the Incorporation o ai 'ad
compinl,~ had zone The incorporation was iDdue ~
indy da. incorPorators as much so AS partnership
be; ;wren individuals established by the partners
themselves lie character oi railroad ihFts'mth's ~
oompa,d with others. was set iofth oy the lac ua'
Sta.es could and did exercise the lIGh Oh einH'h 90
luaiu order tnat railroads might DE c"ls,r %
ete could not exercise inns ~ az or me nen % @
rahroad. II only exercised u bec'use the investment
Was that peculiarly Drnenca chafActei 10 inc pIpc
that 1t mgh. lie sand to be p'oe Eoou iuo & rug " A.
tuat lie railroad COMPANIES must pay inu
the rIsn of ennent domain whatever might be tle
value OF the property 1he state pad nothing. Vow,
he asked II mcnt III railroads was 80 heht hca'
10 the pubic. why should not the investors oe per
mitted to reap the same fnll rewards OF the
Wlslo n OF their investment. their industry, ana
tLeir management and direction thereof as tnougn
ihc same capital, wisdom and industry hau Deen en-
poyed business less important 10 ,ne intTT"7sS oi
cussug question OF the right to regulate raiiroa
fares aud freigLts IN manner which wOnd nece@.s%H @
1np.r The earning capacity OF these roads, u snoulu
moi DC gotten tnat tie Investments were mace ny IN
ayuua fl the important 10 Inc pup
hv The anprrheI sion that the value Of their In
ycs mems might be lessened 10y adverse lei-d',oh b
the construction Of railroads and continued
in operation. any attempt on the Irand raat
Of Congress fix the rates S. On IaTOiS i1
all tncse regulation Mr. Stanford ionnd no pro
lection 10 me raiiroat nD iSrircd fo de-
the value OF the propery was anecteo 20
taklns property without compensation HiS WAS co"-
nscaton. -, ,.-,.., .o....,., a ,n
There never hao pceh M. otduoiu
introduced Into Legislature purporung TO reg iale
railroads which the owners OF the roads dl no
the ground That IL diminished
the producing quality OF tne'T properly. Now
the investment being legitimate and desirable one as
was e. absned 10y exercise of eminent domain not
in peha OF The railroad company for the state had no
night 10 do that. IN behalf of the people ana the
state being Justified regarding railroads as pubic
benefits why should they. after cOmpetiph nave Iess
prolection from the than other property or wny
Should they made the objects oi direct ana
leglslat! oni Railroads had no legal monopoly Ol ous-
ness since they had no exclusive PrlViIeSes IiuecaS
I'M, bin denied TO the railroad companies hc
right competition. II precuded shippers from reap
rlgful ADVANTAGE OF COmpeltloi anu causcu
10 them and TO rai Oad companies absolute loss.
II the low for the longer distance meant a
reduction the shorter. the carriers must
submit 10 loss from the usual rates on
the shorter distance, else abandon the business
AZ the competlng points Under the force OF competition
elledfo fak