Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1886-10-02
MONOPOLY AND ITS FRUITS.
AN ARfsCLE mar srsar wORHiSa-
MAN sHUULD RFAD


d" S"'N W SW"f
toriV Rep,en there is n timely article on thu
subject OF "RsIiroad and X Kindred Monopu
lIos - which "a m .,,.., .,,.,,,,, ,or TIA mas
,a.i :, ,, 80. 4
~ W ."u oo'i 49, ,Hvs.,, ,v.,
"o''' uno pom OF oeo'Re y. "',
known In this section ~ q cpntroVersiaiiss
The article deals with tho modern tendency
OF monopoly To increase its hold on the publi'
wealth. Inn. ,n,Li,v tho rich richer and IN,
-. ,.1'.. ..a,.,t.,n. nj. .,a,euepts with
i'' P""'''' ie''''s ', - .-.,.,.,. a..
tne recent accurate 'nu"s"H' os'o ss
thero are A""'Vv VI 'oo w. s"k o -. W
w s,'n,',n,..i s,vi. IN demons,ra,e ,bs
~. W - .,.,u,t,o ,,,,i,I,n q, a,y.,,.
49,, ,'I,.,,,, ,.,,naho. ,,,, ,h,. .,Lio.,,
10. a., ,.,.,L ,h., ,,w. a,rec,iv ch.yva
and i, /. tho purpo~e of our article 10 prove
that inonopolies are a productive cause oi
these and other evils and chief among these
monopolle-, ana the most pernicious oi them,
II the rosiif"ad monopoly.
"sroCK WATERING"
And first he addresses himself TO stock
wateri,y ~ mr. the unnecessarily Increasing
,,, ,,.,,,, -, =, ,,r,o,.,,o,,
~, - -, ~, e., , p,
'he VOW io'h' "os' ouo'o p"hAo
railroad Is an instance I'D point IL was CAPT
talized at an aggregate OF <ilH,OOO,ooO OF stock
and bondA The proIeotors made q contract
with . .cn,si,uc,,cn couna,v co,nposca of
tbnmseIyss Acrnyainy 10 the teru,. of this
contrac, ,hay ,,a,a No. ,.,aty 90 snoo ono Tor zach
miIe ~ doEhIe ,yack anJ fioo cpo for each
miie of sin.io tyscE in stocL and bonds
They aid moi surcee5' owing To the state of
the money mar.et and the poweriul opposi.
10, ~, ,ia V.n,o,hI,,s .nJ ,hair a,lias in
wolfe, or az ,,,,,.h "a, ,hosa .,ocL. AMI
Iono. ~ th,i, s,h.,,a r,nt.n, n,a,od nor NJ
as iayor,sia ,a,as pnt tbav Iia succeed
i'm deIuaIpv tho ou,sid. nublic into taxing a
su ,tIcisnt Snan,it,, 90 .n.hIa the,n IN con.
strnct the rnaI "a iihou, .,n.ndIne a dollar OF
thaIr o,,, ,'n,ay unrdreJs Of deluded
purcbasera of tbeir stock and bonds incurred
s.yara Inss.. Tho u,niectors lost nothing
Tho n,o,nr,Io, ~ honest cap,tal to that OF
nctItions NAV be inferred from the fact that
the actual ,,rst ,f the work done In construct
inc Tho road WAS ga leo OsI Tho amount OF
bonds and stock issued was sllg, COO coo.
The upcom mpleted South Penna railroad IL
snother instanco IL i. road "a bch has long
teen greatly needed by the entire southern
tier of counties in Penisy ivania, west OF lar
risburp IL would have been built thirty
wears ago but Tor the persistent and oyerpow-
ering oppositiou of the Penpsyl lyania all road
company. It's construction would have given
the whole region of country mentioned a d.
rect commute icstion with Harrisburg and
thence with philadelphia, New York, Baiti-
more and washinv,nn whereas nov, their
commnnic,,Ion Ia ipdireot. diIatory and at
exorhi,an, rates over tho srions branches OF
the pennsyIyanIa railroad. Its construction
would have deyeloped natural resources of
immensa syvrevs,e yalue. of ,the so,l. the
ioi est and Ire nine would have Increased
tbe popuIaiion OF those counties and added
greatly to the valuation OF their taxable prop
.rty and thus increase the stale revenue.
4 late nhsse I'm the railroad war furnished
an opportunity TO construct the road In de
fanre OF the Spposi,Ion of the Pennsylvania
railroad, by suiisting Vanderbilt In tho pro.
iect He was approached and consented to
invest several million q do,l srs In the project
The remainder Of the amount required wss
subscribed hv small number OF wealthy
capItsIists Hut then another element WAS