Great Fortunes from Railroads by Gustavus Myers
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page 15 of 374 (04%)
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objects. At all events, the propertied classes, in the main, secured
what they wanted. And, as fast as their interests changed, so did the acts and dicta of Government change. While the political economists were busy promulgating the doctrine that it was not the province of Government to embark in any enterprise other than that of purely governing--a doctrine precisely suiting the traders and borrowed from their demands--the commercial classes, early in the nineteenth century, suddenly discovered that there was an exception. They wanted canals built; and as they had not sufficient funds for the purpose, and did not see any immediate profit for themselves, they clamored for the building of them by the States. In fine, they found that it was to their interest to have the States put through canal projects on the ground that these would "stimulate trade." The canals were built, but the commercial classes in some instances made the blunder of allowing the ownership to rest in the people. Never again was this mistake repeated. If it proved so easy to get legislatures and Congress to appropriate millions of the public funds for undertakings profitable to commerce, why would it not be equally simple to secure the appropriation plus the perpetual title? Why be satisfied with one portion, when the whole was within reach? True, the popular vote was to be reckoned with; it was a time when the people scanned the tax levy with far greater scrutiny than now; and they were not disposed to put up the public funds only that private individuals might reap the exclusive benefit. But there was a way of tricking and circumventing the electorate. The trading and land-owning classes knew its effectiveness. It was they who had |
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