Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1886-10-02

Il uo uttFu tto'o" "'V "'h''''s NS"N'y
each OF them A nniounting ,n ,osS 20 uRro,I.
y, ,.s,,.. cS,v Al IN os,o ooo '' wv" :"
This enormous amount OF t,ctitIor, capital
having been created aud workeloff upon
the public, II beeomes necessary, Forder 70
sustain their crout ana the mark sa'uo 9 VI
sncn s,s'. WI. '.es, ,o' .ne ,a,'anno.
| To m.intsin ouh,ic canWdan% they must
| nav snnuallv ar se,ni annua,iw d yidends or
| iniere.t an ;wica tha .nnnntof their aetna
| canlts tha, 10 NJ, al oon mno 20 ot actuaI can
| itsi AMI also ON NJ, enu,l an,,upt cf fictitious
/ "a. n,t.i
The enormo,. ,.x ,,,. ,ssa less,y imposed
/ ON the nnhiic ,nay ha .aa,, from a few simple
/ 6curo. Tskinw ,ho ac,nal inyostment in
/ rsiiroads thron1bout The United States at
/ ~ OOO OOO Ooo AMI Tho f,cti,ious capital AZ
/ eouai in amount f.na ,he.o figures are an
/ prox imateIy accurateI A "a necessaty v that
tho net earnings of ouf ragways cater meet
/ ing ali az pepses In or,,ey 10 nav b per cent
/ an botb tb.iy .ct,,ai 4. nd ,neir fictitious cant
L tai sbouId anount ,o fnnr hundred millions
/ of doiiars Vat without tho fictitious element
| one-haiI of tbat amount of not earnings
i wonId bo an uuic,art
Thus tbe trsfic ov.r our RAILWAYS has 10
i nay in tha sbano ,f bIuh,r rates than would
/ other wise be necessary. an snnua, tax of two
| hunared milIjons of dollars hecause of the
/ actItions s,nch md bonds tba, have been
foistod on tho ,uhlic bv our rail ,yav Nora
| tons
,,,,,,,.,.,.,
- p"N,M
And 10 bring the bearing OF this branch OF
our subjec, more closely home TO the citizens
of Pennsylyania Investigation has proved
,ha, tbo .yyre,.,o anoun, n, tIc,it,ous capttaI
q, a.. 80 -, ,,Lr,,,,,, ,,,.i ,,iI,oaas and
=" '"o NV s'oa' an'si' a'i.' , oo. 80 .'.'',a.,
mining cofPotAVohs u :" 'oaS. wv "N"ou
and my millious OF dollars, WINE inc actuai
In ested capital does not exceed, IT It equals
this sum. Thus the anthracite coal business
OF Pennsylvania In burdaned with AN unnec-
essary annual tax, which mt 8 per cent per
Rnnum amounts To twelre and a-half mil
lions OF dollars.
Who pay this needless tax II IN unneces-
sary To Investigate. part and large part
in the aggregate OF II, Is Imposed on the min
ers and iaborers In and about our anthracite
coal mines in the form OF wages systematic
ally kept down to the lowest possible rate.
nno,her large part Is PAID py every iamiiyi In
by eysrv nanufsrtnrer who e,nn,oys n In
his furnaces. mills and factories
The remaining and smaller part OF this
enormous tax Is paid 10y the consumers of
~ IacNe cosI ih o'nor states for, owing
,,.,i,,, -, na, =, lfa,.Iy ',ps,I,s , o.'
binipv incofporated aHthracite coal mononn.
lies. towns and cities in pennsylyania in
close proximity to tho an,hracite coal mines
distant not more than sixty miles and from
that 10 one bundr.d niIe.I ar. co,npel,ed IN
nav higher than i, The ci,ins M W.Itiyuore
and New YORK. and the Insnut.cturing
towns n Connecticut HbpIa .lapl nd las.
sachuse,isL
We need not pause. or dIyerve from our
line of Thought. 10 p1int out the hearing of
this upon ,be ind s,r,al interasts of panpsvI
yaniA For IL il obvious that II practic,ily
placos all of than at a disad Vantage and
that A. nraCtiraIIv suhsidI1as ami nro,pnts.
those al Sev Sork aud nf rho N,w, Enyi,pd
states
Suffice II TO say. and with thi, remark we
dismiss tbo snbIsrt of ,c,,,ious canitaiIz,,,on
Of anthracite coal mononoIies' that the DnbIc
Thoweyer ami unon wbnmsoayar the iax be
imposeJ1 have tp nav an unnecessarv animal
tar of twelye and h aIf milIjons of collars.
or else sutIer tho loss which wonIa he m
yolyed i'm a denreci.iion OF five hundred
millions OF dollars of stocks and bonds
which thew have been Induced by delusiye
representa,ions to purcbase
,,,,w, n,scp,,,,>,r,o~
"Nih"N' ''N' NJ" iNN'''N'
Another crying abuse ot power by our
railway and other mammoth corporations, Is
their systematic discrimination in favor of
certain Ind,viduals and certain Localities and
.,.In., a,har. A., ,t,I- -. ,a,,, ,,,,oraJ
s',,..a,' in ' way -,1'' 70" a'oiou
ihui'iuuais are ehsDled 10 mohoPoiize cer-
tain lines OF business 10 the loss and fre-
quently tho ruin OF hundreds oil others. As
showing the extent To which this discrtmina'
ton Is carried, we mention that, in the
course OF an Investigation ordered oy the leg
islature OF New York, 1t was proved that five
hrms at Binghamton and the same number
~ ElHllth oolhiteu SPeribi rates. from the
Erie ay,varying from hve-elghths to one
third oil the general tariff rate. On the New
lork Centra railway IL was proved that spe-
cal rates oi . cents were given to three dry
goods hrms IN Utica against 33, ~ and -
cents charged to other merchants in that city
engaged In the same business. The same
rate oil cents was granted to iiVe grocery
hrms Ia Syracuse, whlle the other grocers
were charged ~, ~, - ana Is cents on the
same character OF freight -Four Rochester
grocery firms got Is cents, while all others
had TO pay tarin rates OF 40, 30, - and 20
cents Special rates were thus made to few
favored individuals at twenty-five points be-
tween Albany and Buffalo. The special
rates at some OF the points were but little
more than one-third the regular rates and
at one point II was only one NTH On cotton
cloth the special rate To one manufacturer
was 20 cents, while the schedule rate was 30
ana ao cents
As regards inc element OF distance the
same Unfair DETERMINATIONS were proved.
Inc rate 10 Little fais, Il, miles from New
YORK. was ~ cents, which was exactly the
same As that 10 BLACK ROCK, i'o miles, whlie
tne rate 70 syracuse, ~ miles, was ~ cents.
Like Investigations nave Deen attempted
IN fenhsylVania. But the oVerPowering IN
huehce eAelnised Dy the fehhsyiVania rail-.
toad over the legislature ana municipal ana
other corporations throughout the whole
state iaiueu IN this matter py the comoined
lhnuence OF otner important iailways2 pas
vast;,a,tan Vat st;ii annnisr, S,o,a hano n
been brought to light, from time TO time, 10
prOye that fayoItism tow ards 90 tain Indi yid-