The Boise citizen., 1907-07-05
A lesson FROM Mexico
HOW THE GREASERS HAVE SOLVED PROBLEM OF
REGULATION OF RAILROADS

Oegonian They glory of belonging the great
AngoSaxon which generation has produced Tman
and Thomas Dixon J which has fought the Boer and
ngulshed the beginnings OF free the Philippines
They have Declaration of Independence and only feeble m
taion of constitution nation without paper constitution is
we all know little than collection of slaves The Mexcans
in fact degenerate Lan when they Indians Accord
ing to all the rules of proprey they ought be engaged
rennial revolution But they shocking think how
needless they of the conduct which everybody expects of
Latin nation They have stable government They have
problem They know how to control their corporations without
putting morous capital fight They enjoy prosperity
heavenly boon which many Americans believe be gift voucsafed
only to the land of liberty and the Dingey tariff
After controlling corporations might learn something from
the humble mexicans proud Our noble Anglo
Saxon lineage occasionally pus up spirits the disadvantage
of pockebook Especially could the dsgracous Greasers
teach how control railroads disposed their
somewhat uncean feet and learn They could tell all about
the regulation of rates. valuation corporate property pub
cy of accounts the suppression of fraudulent stock issues and
all the of the poblem for they did all and did with bril-
liant while in the tmd fringes of first expert
The beauty of that they regulated their railroads with
hand of steel without checking investment destroying credit
The who shrek vigorously that the Homeopathic dose
of regulation which congress has imposed has ruined credit
and is about bring panic upon have been for years investing
money by the hundred million in Mexican roads under govern
mental control that all have done but play If the
regulation of railroads advanced prosperity Mexico why
should it destroy prosperity in the United States?
The Mexican government not only controls the railroads of that
country but it has come to most OF Them The ownership
only of date Up within year American
and paeng the country among themselves much they
do at home But they giving rebates the beef
Standard Oil they occupied with corrupt politics The
for their absenon from these agreeable and profitable
reatons simple They did dare take hand Mr.
Charles Edward Russell reminds in the Cosmopolitan for July
of the regulations which have
thing railroad could have been built operated Mexico with
concession the federal government These concessions
were limited to SO years. and when they expired all the railroad
reverted the nation clear of debt The equipment be
paid for but the franchise real property Each company had
deposit with the fund amounting to three
hundred dollars per mile of track, which forfeited
amendment repeal at time and all the corporations could
be dissolved whenever good for appeared Concessions
could not be transferred without consent OF the government and
fecive
this the government kept inspectors
the field to make that the companies obeed the laws and
the salaries of the inspectors paid by the corporations by
the public This policy differed radically from way with the
beef trust Government inspection the most valuable OF all adyer-
semen for that prosecuted martyr worth millions of dollars
year the combination but the people pay it. Thus haped
and harraed would naturally suppose that railroad consc
ton must have angushed Mexico Frightened capital
spread quverng pnons and bken itself favored
realm where the law would from troubling and the magnates
might their schemes peace How could railroads flourish
where rebates severely penazed where the govern
nlen much mile without mitigation exception
stock unknown They did flourish however
American capital that being morous the presence
of the law which fortified nourhed During three
yrannica and destructive popusm the railroad
mileage of Mexico multiplied twenty times The capital
invested ran I'D to about million dollars Mr. Hartman
Could Mr. Rockefeller Mr. Morgan other perse-
cted and terrified took hand IN financing them They
selves they the United States and pnder the population
indefinitely without discord they do at home.
Then government stepped in Mexico does enjoy the
blessing of system which the the other
departments The there neither
nuify legislation The executive and legislative departments
freely for the public welfare Seeing what benecent
magnae about President Diaz who of the great
of this other quietly ordered agents
up majority of the stock the principal Mexican the
public They did their work efectuay without arguments
functions corruption When the showdown the people of
Mexico control railroads benevolent autocat
but fold their wings and quietly steal away But
need either the magnates for ourselves Driven
of uncvzed Mexico, they free give their undivided
ention and may therefore expect perfect shower of
blessings in the of the few years