Political Economy, Designed for Use in Catholic Colleges, High Schools, And Academies

Cover Political Economy, Designed for Use in Catholic Colleges, High Schools, And Academies
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Power of Railroad Managers. — The outcry against the rail- roads seems to have a certain foundation when one considers the power that resides in the hands of the railroad managers.
They have power to affect prices by the traffic rates imposed on all classes of commodities. They may build up or destroy towns and cities, and even whole territories, by changing routes or by regulating the service of their roads. They may crush wholly the business of private individuals who may have incurred their
...enmity. They may enter into and take part in commercial wars that exist between rival interests and may support the one and destroy the other.
They maintain, it is claimed, lobbies in the federal legislature and in all the state legislatures, with the purpose of taking note of the legislative measures brought forward by these bodies, and they may by bribery and intiinidation procure the passage of bills favorable to their interests and prevent the passage of laws inimical to them.
By the establishment of construction companies, whose heads may be the directors of the roads, the directors may find means of enriching themselves.


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