The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1892-01-12

J NANSA "Oy GnSy DTll0 III
their canal doctors, and after exami.
ing the patient, feeling the pulse thev
shake their heads. "Bad case, verv
bad case. You are very sick,n and
proceed to prescribe another dose of
government bonds. 1 tell YOU gentle
men this Is what has made us sick, The
very thing we complain of, and we
donG propose to take another dose of
n same medicine, even if we have to
change the doctors. Let us see how
Unls partnership business has worked
Wher we have tried it, We went into
partnership with Jay Gould, Sidney
DllOn: Russell Sage and Oaks Ames &
20, OF the Union Pacific Railroad. We
furnished all the money to build the
roads, and enough additional in lands
and bonds to make all of them million
aires from thirty to eighty times over,
ana how do these virtuOuS partners
treat us MOVIE They boldly proclaim
their intention not to refund any of
the money stolen from their partner,
and even refuse any kind of a settle
meat unless we give them one hundred
years at II per cent. interest. This
gang has built up about fifty. six out
side corporations, and as long as they
pay dividends, their partner is not in
1t " with them, but as soon as the stock
Is worthless, and pays nothing, these
v%irtuOus pards vote all the stock to
their partner, and then, (as in the
Oregon Short Line) they will gobble
up the bonds, and vote as directors
that their partner shall guarantee the
payment of interest from the earnings
of the old Union Pacific. They receive
money into n hand as a private
POTnNTunf1On OH0H ~ ~ T~%1 %H0
other as a contractor with their
silly old partner. Thus the whole
thing seems to be a species of thin
BILE rigging, with this difference
from the old style-the Little Joker"
is always found under the thimble. 1t
make no difference which thimble YOU
lift up, it is there. But you may say
that this Canal Co. will have govern
ment directors to look after our inter
estS. Why bless your innocent souls,
we have had five directors in the Union
Pacific board for over twenty seven
years, say about se~venty-fve in all.
Have you ever heard of them? Can
you name a dozen? Can you name as
many as God required TO save SOdOm
from deStructiOn2 We occasionally
hear of one who did not like to report
"all right" But You will soon hear
that he was persuaded" to sign.
There was n honest man on that
board, his name was O.. H. Snow and
he made Il report March 5th 1869,
but he was so lonely that he was
bounced the first opportunity. The
partnership in the Central Pacific was
! more Infamous if possible. A commit
tee appintcd to investigate its affairs,
reports it rotten to the core. The Pat
AS-@- 49, v,-%41D .Dr>-4~l 49, &c ~.
road had been honestly conducted they
could have paid off the government debt
of about 81, 600, 600. and received q dIvi-
dend of E per cen upon the capital in
vested, and reduced the freights and
fare $40, OOO, 900 in the last twenty
years. If this is so, and probably it is,
that corporation has robbed the pro
ducers of this State of $40, coo, 900 and
their partner of as much more. But l
have no time to follow up this matter
at present, and in conclusion will say
that the record of our partnership with
these companies, constitutes the black
est history ever written in any country,
not excepting Warren Hastings in In
dia. In that case he robbed an alien
race, in this it was Our own p4Ople. If
the people of this state want more light
on this subject | stand ready to give it.
The time has arrived when the great
industrial classes are tired of the allie
glance to a clique who are ever ready
to boom any legislation in the interests
of the rich and against the common
good. Already their mutterings Of dis
content are heard upon the plains of
Kansas, and the wheatfields of the
Dacotas and Minnesota, from the corn
fields of Illinois, Indiana and Iowa, as
we'll as from the Pacific Coast. The
stability and prosperity of this nation
depends upon the honesty Ofthe masses.
| You would not look to the ward pOliti-
clans, or the bOOdlers of the last Legis-
Iature, or the courts who turn them
loose after they are in the clutches Of
the law to maintain the purity Of this
government. You would not go to the
gilded palaces of those VINO revel in
their i'll gotten wealth, but to the farm
IabOrers, the manly workman at the
forge, the lath, and the bench, and the
| great middle classes to maintain the
power and purity of this great govern
ment.
Now I say to this Canal Committee
don't make the mistake of ignoring the
modest wishes of the people. They do
not ask the cOnfiscatiOn of the ll-gOtten
gains of any corporation, but we do
demand a fair deal in the future, and
we intend to have it, and we are on the
skirmish line now, and will not permit
the enemy to entrench themselves be-
| hind additional bulwarks in the shape
of Nicaragua Canal Bonds.
MARION CANNON, State President.
Ventura, Cal, Dec, 21st