Bossism and MonopolyD. Appleton, 1906 - 358 páginas |
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abuses aggregate amount argument banks bill capital cars cent charges citizen committee competition Congress conservatism Constitution corporations corrupt cost courts deposits discriminations dividends dollars duction earnings election eminent domain evil exercise extortion fact favor Federal franchises freight government ownership increase indebtedness individual industrial instance interest Interstate Commerce Interstate Commerce act Interstate Commerce Commission investment issue La Follette labor legislation lines Louisiana territory matter ment miles millions monopoly operation organization owners Pacific party bosses political practice present primary election private hands profit public ownership public service question rail railroad companies railroad managers railway reason rebates regulation remedy result roads rule secure sell Senate shipper Standard Oil Company statutes stockholders stocks and bonds syndicate tion traffic transportation trust United United States Senate violation vote Wall Street wealth York
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Página 11 - Commerce, undoubtedly, is traffic, but it is something more, — it is intercourse. It describes the commercial intercourse between nations, and parts of nations, in all its branches, and is regulated by prescribing rules for carrying on that intercourse.
Página 11 - If it be held that the term includes the regulation of all such manufactures as are intended to be the subject of commercial transactions in the future, it is impossible to deny that it would also include all productive industries that contemplate the same thing. The result would be that Congress would be invested, to the exclusion of the States, with the power to regulate, not only manufactures, but also agriculture, horticulture, stock raising, domestic fisheries, mining — in short, every branch...
Página 14 - ... the State; and the interminable trouble would be presented, that whether the one power or the other should exercise the authority in question would be determined, not by any general or intelligible rule, but by the secret and changeable intention of the producer in each and every act of production. A situation more paralyzing to the State governments, and more provocative of conflicts between the general government and the States, and less likely to have been what the framers of the Constitution...
Página 12 - The fact that an article is manufactured for export to another State does not of itself make it an article of interstate commerce, and the intent of the manufacturer does not determine the time where the article or product passes from the control of the State and belongs to commerce.
Página 231 - That unreasonable discriminations are made between localities similarly situated. 7. That the effect of the prevailing policy of railroad management is, by an elaborate system of secret special rates, rebates, drawbacks, and concessions, to foster monopoly, to enrich favored shippers, and to prevent free competition in many lines of trade in which the item of transportation is an important factor. 8. That such favoritism and secrecy introduce an element of uncertainty into legitimate business that...
Página 6 - Any corporation may purchase, hold, sell, assign, transfer, mortgage, pledge or otherwise dispose of the shares of the capital stock of, or any bonds, securities or evidences of indebtedness created by any other corporation or corporations of this or any other state, and while owner of such stock may exercise all the rights, powers and privileges of ownership, including the right to vote thereon.
Página 73 - We are a free and sovereign people, we govern ourselves and the government is ours. But that is the point. We are responsible, not our leaders, since we follow them. We let them divert our loyalty from the United States to some "party"; we let them boss the party and turn our municipal democracies into autocracies and our republican nation into a plutocracy. We cheat our government and we let our leaders loot it, and we let them wheedle and bribe our sovereignty from us. True, they pass for us strict...
Página 14 - The demands of such a supervision would require, not uniform legislation generally applicable throughout the United States, but a swarm of statutes only locally applicable and utterly inconsistent.
Página 8 - What the government particularly complains of, indeed, all that it complains of here, is the existence of a combination among the stockholders of competing railroad companies which in violation of the act of congress restrains interstate and international commerce through the agency of a common corporate trustee designated to act for both companies in repressing free competition between them.
Página 72 - And it's all a moral weakness; a weakness right where we think we are strongest. Oh, we are good— on Sunday, and we are "fearfully patriotic" on the Fourth of July. But the bribe we pay to the janitor to prefer our interests to the landlord's, is the little brother of the bribe passed to the alderman to sell a city street, and the father of the air-brake stock assigned to the president of a railroad to have this life-saving invention adopted on his road. And as for graft, railroad passes, saloon...