Railroad Legislation in Minnesota, 1849 to 1875 ...
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Paul Daily Dispatch, Sept. 19, 1873, p. 4, c. 2; Oct. 10, 1873, p. 2, u. 1.
552. St. Paul Daily Dispatch, Sept. 20, 1873, p. 2, v;. 1.
132 MINNESOTA HISTORICAL SOCIETY COLLECTIONS.
that they had thereby shaken public eonfideuce in railroad in- vestments and brought ruin to the country. The grangers in turn pointed to the recent disclosures of immense frauds in connection with several of the larger railroads and particu- larly to the Credit Mobilier,^''^ and saw in this a sufficient rea- son for... a shaken faith in railroads as operated at the time.
Some might admit that their warfare had precipitated an un- avoidable catastrophe, but they denied being in any way its cause. They believed for a while that after all the panic was only a flurry in the fictitious values in which the speculators had been interested, and that good honest industry, the eco- nomic "bone and sinew" of the country, would not be mate- rially affected."'* The grangers remained firm in their conviction that their cause was just and continued their fight for railroad regula- tion.
What to read after Railroad Legislation in Minnesota, 1849 to 1875 ...?
You can find similar books in the "Read Also" column, or choose other free books by Rasmus S 1881 Saby to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Paul Daily Dispatch, Sept. 19, 1873, p. 4, c. 2; Oct. 10, 1873, p. 2, u. 1.
552. St. Paul Daily Dispatch, Sept. 20, 1873, p. 2, v;. 1.
132 MINNESOTA HISTORICAL SOCIETY COLLECTIONS.
that they had thereby shaken public eonfideuce in railroad in- vestments and brought ruin to the country. The grangers in turn pointed to the recent disclosures of immense frauds in connection with several of the larger railroads and particu- larly to the Credit Mobilier,^''^ and saw in this a sufficient rea- son for... a shaken faith in railroads as operated at the time.
Some might admit that their warfare had precipitated an un- avoidable catastrophe, but they denied being in any way its cause. They believed for a while that after all the panic was only a flurry in the fictitious values in which the speculators had been interested, and that good honest industry, the eco- nomic "bone and sinew" of the country, would not be mate- rially affected."'* The grangers remained firm in their conviction that their cause was just and continued their fight for railroad regula- tion.
What to read after Railroad Legislation in Minnesota, 1849 to 1875 ...?
You can find similar books in the "Read Also" column, or choose other free books by Rasmus S 1881 Saby to read onlineMoreLess
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