Report Volume 1-3

Report Volume 1-3

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1892 edition. Excerpt: ... property of the companies and the cost of repairs, and the reasonable cost of its management. If the rule contended for by the companies is to prevail, the business of the country must be taxed so as to reimburse them for all losses by improvident contracts, extravagance, the shrinkage in the values from whatever cause, and from the effects of all accidents and mistakes which may have entailed, cost upon them, and to pay dividends on all the fraudulent stocks issued by them, to pay the interest on all the bonds fraudulently issued by them. This proposition would seem to be so monstrous as not to call for argument or demonstration. And it is constantly made in behalf of corporations, which represent in this country, according to Poor's Manual, the best authority on this question, nearly eleven billions of dollars, including the fraudulent stocks and bonds, and which are operated by nearly a million active, intelligent men, and controlled by thousands of the best business men of the country, and represented in the courts of the country and in the lobbies and halls of legislation by as many more of the ablest lawyers and most expert lobbyists, thus presenting a combination of wealth and power which may well cause every thoughtful and patriotic citizen to feel the most anxious solicitude for the future of our governments, Federal and State, and for our free institutions and the liberties of the people. This vast power reaches to every part of the country and affects all its material interests. Neither this nor any other government has ever taken upon itself or imposed on its people the protection of any class of property against such losses as may have arisen from improvident contracts, extravagance, the shrinkage in its value, or the results of...show more

Product details

  • Paperback | 324 pages
  • 189 x 246 x 17mm | 581g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236633121
  • 9781236633125